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

Over the window to Oct 21, 2026, SKHQ finished 10.3 points from what its multiple implies and SKHZ finished 14.3 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 SKHZ levered on the same thing?

Yes. Both are levered on SK hynix, SKHQ at -2 times and SKHZ at -1 times the daily move.

Which one decays faster, SKHQ or SKHZ?

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

Can I hold SKHQ or SKHZ 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 SKHZ?

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

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SKHQ vs SKHZ: Leverage, Returns & Decay

Over a month against its daily multiple, compounded, SKHQ finished 0.4 points short and SKHZ 0.1 points over. Net assets on Oct 20, 2026: $418,250 for Leverage Shares 2X Short Sk Hynix Daily ETF and $5m for Leverage Shares 1X Short SK Hynix Daily ETF.

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Answers cite the figures on this page.

SKHZ costs 0.24 points a year less; SKHZ is 12.0 times larger.

Points (pts) are percentage points.

SKHQ vs SKHZ: Leverage, Returns & Decay
	SKHQ	SKHZ
Expense ratio	0.99%	0.75%
Net assets, as of Oct 20, 2026	$418,250	$5m
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)	−1.2% (3 months)
Against its daily multiple	0.4 points short (1 month)	0.2 points over (3 months)

+11.9%

SKHQ returned, since launch, Sep 2, 2026

−1.0%

SKHZ returned, 3 months

−14.5 pts

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

−14.3 pts

SKHZ from its stated multiple: compounding −14.5 pts, gap to the daily multiple +0.2 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.

SKHZ · 3 months to Oct 21, 202614.3 pts short of its stated multiple

SKHZ returned −1.0% while −1 times SKHY's move would have been +13.3%. Figures from Jul 22, 2026 to Oct 21, 2026.

Performance, window by window

Performance, window by window: SKHQ vs SKHZ: Leverage, Returns & Decay
	Total return		Multiple would give		Difference
Window	SKHQ	SKHZ	SKHQ	SKHZ	SKHQ	SKHZ
1 month	+58.7%	+28.1%	+48.4%	+24.2%	+10.3 pts	+3.9 pts
3 months	–	−1.0%	–	+13.3%	–	−14.3 pts
Since launch Not the same days: SKHQ Sep 2026 · SKHZ Jul 2026	+11.9%	+9.5%	+26.4%	+26.1%	−14.5 pts	−16.6 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)

SKHZ

Leverage Shares 1X Short SK Hynix Daily ETF · Aims to return 1 times the opposite of the daily move of SK hynix (SKHY)

Issuer Leverage Shares Leverage Shares

Sets out to return −2x −1x

Underlying asset SKHY SKHY

Segment company company

Fund returned, 3 months +11.9% (since launch, Sep 2, 2026) −1.0%

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

What the stated multiple implies, over that window +26.4% +13.3%

Difference from stated, over that window −14.5 pts −14.3 pts

Fund returned, 1 year +11.9% (since launch, Sep 2, 2026) +9.5% (since launch, Jul 14, 2026)

Difference from stated, over that window −14.5 pts (since launch, Sep 2, 2026) −16.6 pts (since launch, Jul 14, 2026)

Underlying volatility 64% 78%

Difference over the days both have traded +10.3 pts no shared window

Expense ratio 0.99% 0.75%

First traded Sep 2, 2026 Jul 14, 2026

Net assets, as of Oct 20, 2026 $418,250 $5m

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 SKHZ

Read the multiple against the whole window instead and −1 times SKHY's −13.3% implies +13.3%, which makes SKHZ look 14.3 points short. Of that 14.3, daily compounding is −14.5 points, which any −1 times fund would show over the same path, and the fund itself is +0.2 points against −1 times each day's move, compounded. SKHZ aims to return -1 times SKHY's move each day, then resets. Over longer periods the daily results compound, so the total is not -1 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, SKHZ lost 1.0%, against −1.2% for the inverse of SKHY's daily moves.

Questions people ask

Which came closer to its daily multiple, SKHQ or SKHZ?: Over the window to Oct 21, 2026, SKHQ finished 10.3 points from what its multiple implies and SKHZ finished 14.3 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 SKHZ levered on the same thing?: Yes. Both are levered on SK hynix, SKHQ at -2 times and SKHZ at -1 times the daily move.
Which one decays faster, SKHQ or SKHZ?: Decay follows how much the underlying moves about. Over this window SKHQ’s moved at 55% annualized and SKHZ’s at 78%, so SKHZ has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold SKHQ or SKHZ 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 SKHZ?: SKHQ charges 0.99% a year and SKHZ charges 0.75%, so SKHZ is cheaper. Fees come from each fund's prospectus.

Other comparisons

SKHQ vs SKHA SKHQ vs SKHX SKHQ vs SKDD SKHQ vs SK SKHZ vs SKHA SKHZ vs SKDD SKHZ vs SK SKHZ vs SKUU

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

Where these figures came from

Leverage Shares website ↗SKHZ filings on SEC EDGAR ↗SKHZ 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 SKHZ, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skhq-vs-skhz

Open data

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