Which came closer to its daily multiple, SKHQ or SKHX?

Over the window to Oct 21, 2026, SKHQ finished 10.3 points from what its multiple implies and SKHX finished 11.8 points from its own, so SKHQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are SKHQ and SKHX levered on the same thing?

Yes. Both are levered on SK hynix, SKHQ at -2 times and SKHX at +2 times the daily move.

Which one decays faster, SKHQ or SKHX?

Decay follows how much the underlying moves about. Over this window SKHQ’s moved at 55% annualized and SKHX’s at 78%, so SKHX has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold SKHQ or SKHX for a year?

Both reset every day, so the multiple in the name applies to a single day, and daily results compound. Over a year the total is not the multiple times the year’s move; after a fall and recovery it is lower.

Which is cheaper, SKHQ or SKHX?

SKHQ charges 0.99% a year and SKHX charges 0.75%, so SKHX is cheaper. Fees come from each fund's prospectus.

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SKHQ vs SKHX: Leverage, Returns & Decay

Over a month against its daily multiple, compounded, SKHQ finished 0.4 points short and SKHX 0.9 points short. Net assets on Oct 20, 2026: $418,250 for Leverage Shares 2X Short Sk Hynix Daily ETF and $73m for Leverage Shares 2X Long SK Hynix Daily ETF.

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Answers cite the figures on this page.

SKHX costs 0.24 points a year less; SKHX is far larger, $73m against $418,250.

Points (pts) are percentage points.

SKHQ vs SKHX: Leverage, Returns & Decay
	SKHQ	SKHX
Expense ratio	0.99%	0.75%
Net assets, as of Oct 20, 2026	$418,250	$73m
What it tracks	SK Hynix (from its own objective)	SK Hynix (from its own objective)
Holdings in common	not published
What its daily multiple gave	59.1% (1 month)	−35.3% (3 months)
Against its daily multiple	0.4 points short (1 month)	3.1 points short (3 months)

+11.9%

SKHQ returned, since launch, Sep 2, 2026

−38.4%

SKHX returned, 3 months

−14.5 pts

SKHQ from its stated multiple: compounding −14.1 pts, gap to the daily multiple −0.4 pts

−11.8 pts

SKHX from its stated multiple: compounding −8.7 pts, gap to the daily multiple −3.1 pts

SKHQ · 1 month to Oct 21, 202610.3 pts ahead of its stated multiple

SKHQ returned +58.7% while −2 times SKHY's move would have been +48.4%. Figures from Sep 21, 2026 to Oct 21, 2026.

SKHX · 3 months to Oct 21, 202611.8 pts short of its stated multiple

SKHX returned −38.4% while 2 times SKHY's move would have been −26.6%. Figures from Jul 22, 2026 to Oct 21, 2026.

Figures from Jul 22, 2026 to Oct 21, 2026.

Performance, window by window

Performance, window by window: SKHQ vs SKHX: Leverage, Returns & Decay
	Total return		Multiple would give		Difference
Window	SKHQ	SKHX	SKHQ	SKHX	SKHQ	SKHX
1 month	+58.7%	−45.1%	+48.4%	−48.4%	+10.3 pts	+3.3 pts
3 months	–	−38.4%	–	−26.6%	–	−11.8 pts
Since launch Not the same days: SKHQ Sep 2026 · SKHX Jul 2026	+11.9%	−57.8%	+26.4%	−52.2%	−14.5 pts	−5.6 pts

Source: ETFIQ. – means no data for this window, usually because the fund is younger than it. Open this comparison in the app →

On the same fields

SKHQ

Leverage Shares 2X Short Sk Hynix Daily ETF · Aims to return twice the opposite of the daily move of SK hynix (SKHY)

SKHX

Leverage Shares 2X Long SK Hynix Daily ETF · Aims to return twice the daily move of SK hynix (SKHY)

Issuer Leverage Shares Leverage Shares

Sets out to return −2x +2x

Underlying asset SKHY SKHY

Segment company company

Fund returned, 3 months +11.9% (since launch, Sep 2, 2026) −38.4%

Underlying returned, over that window −13.2% −13.3%

What the stated multiple implies, over that window +26.4% −26.6%

Difference from stated, over that window −14.5 pts −11.8 pts

Fund returned, 1 year +11.9% (since launch, Sep 2, 2026) −57.8% (since launch, Jul 14, 2026)

Difference from stated, over that window −14.5 pts (since launch, Sep 2, 2026) −5.6 pts (since launch, Jul 14, 2026)

Underlying volatility 64% 78%

Difference over the days both have traded +10.3 pts +3.3 pts

Expense ratio 0.99% 0.75%

First traded Sep 2, 2026 Jul 14, 2026

Net assets, as of Oct 20, 2026 $418,250 $73m

As of Oct 21, 2026. Source: ETFIQ.

About SKHQ

Read the multiple against the whole window instead and −2 times SKHY's −24.2% implies +48.4%, which makes SKHQ look 10.3 points over. That is not the fund's objective, which is daily. SKHQ aims to return -2 times SKHY's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not -2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. SKHY moved at 55% annualized over that window. The more it moves, the further the two figures separate.

Over the month to Oct 21, 2026, SKHQ returned 58.7%, against 59.1% for twice the inverse of SKHY's daily moves. Of that 10.3, daily compounding is +10.7 points, which any −2 times fund would show over the same path, and the fund itself is −0.4 points against −2 times each day's move, compounded.

About SKHX

Read the multiple against the whole window instead and 2 times SKHY's −13.3% implies −26.6%, which makes SKHX look 11.8 points short. Of that 11.8, daily compounding is −8.7 points, which any 2 times fund would show over the same path, and the fund itself is −3.1 points against 2 times each day's move, compounded. SKHX aims to return +2 times SKHY's move each day, then resets. Over longer periods the daily results compound, so the total is not +2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. SKHY moved at 78% annualized over that window.

Over the three months to Oct 21, 2026, SKHX lost 38.4%, against −35.3% for twice SKHY's daily moves.

Questions people ask

Which came closer to its daily multiple, SKHQ or SKHX?: Over the window to Oct 21, 2026, SKHQ finished 10.3 points from what its multiple implies and SKHX finished 11.8 points from its own, so SKHQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are SKHQ and SKHX levered on the same thing?: Yes. Both are levered on SK hynix, SKHQ at -2 times and SKHX at +2 times the daily move.
Which one decays faster, SKHQ or SKHX?: Decay follows how much the underlying moves about. Over this window SKHQ’s moved at 55% annualized and SKHX’s at 78%, so SKHX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold SKHQ or SKHX for a year?: Both reset every day, so the multiple in the name applies to a single day, and daily results compound. Over a year the total is not the multiple times the year’s move; after a fall and recovery it is lower.
Which is cheaper, SKHQ or SKHX?: SKHQ charges 0.99% a year and SKHX charges 0.75%, so SKHX is cheaper. Fees come from each fund's prospectus.

Other comparisons

SKHQ vs SKHU SKHQ vs SKHA SKHQ vs SKHL SKHQ vs SKUU SKHX vs SKUU SKHX vs SKHA SKHX vs SKHZ SKHX vs SKDD

All leveraged ETFs ranked by the 3-Month Tracking Score →How the scores are computed →SKHQ on its own →SKHX on its own →SKHQ holdings →SKHX holdings →How every figure is computed →Standards and sources →

Where these figures came from

Leverage Shares website ↗SKHX filings on SEC EDGAR ↗SKHX prospectus with the expense ratio (SEC) ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, SKHQ against SKHX, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skhq-vs-skhx

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Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.