{"url":"https://etfiq.com/compare/leverage/skhq-vs-skhz","section":"compare","title":"SKHQ vs SKHZ: Leverage, Returns & Decay | ETFIQ","description":"SKHQ sets out to return -2 times SKHY each day and SKHZ -1 times. Over the month to Oct 21, 2026 they finished +10.3 pts and +3.9 pts away.","as_of":"Oct 21, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its daily multiple, SKHQ or SKHZ?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Are SKHQ and SKHZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on SK hynix, SKHQ at -2 times and SKHZ at -1 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SKHQ or SKHZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SKHQ\u2019s moved at 55% annualized and SKHZ\u2019s at 78%, so SKHZ has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SKHQ or SKHZ for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move; after a fall and recovery it is lower."}},{"@type":"Question","name":"Which is cheaper, SKHQ or SKHZ?","acceptedAnswer":{"@type":"Answer","text":"SKHQ charges 0.99% a year and SKHZ charges 0.75%, so SKHZ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"SKHQ vs SKHZ","item":"https://etfiq.com/compare/leverage/skhq-vs-skhz"}]},{"@type":"WebPage","name":"SKHQ vs SKHZ: Leverage, Returns & Decay","description":"SKHQ sets out to return -2 times SKHY each day and SKHZ -1 times. Over the month to Oct 21, 2026 they finished +10.3 pts and +3.9 pts away.","url":"https://etfiq.com/compare/leverage/skhq-vs-skhz","dateModified":"2026-10-21","abstract":"Over a month against its daily multiple, compounded, SKHQ finished 0.4 points short and SKHZ 0.1 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SKHQ and SKHZ","description":"SKHQ sets out to return -2 times SKHY each day and SKHZ -1 times. Over the month to Oct 21, 2026 they finished +10.3 pts and +3.9 pts away.","dateModified":"2026-10-21","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/skhq-vs-skhz","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7340,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / SKHQ vs SKHZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 21, 2026 .\n\n SKHQ vs SKHZ: Leverage, Returns & Decay\n\n Over a month against its daily multiple, compounded, SKHQ finished 0.4 points short and SKHZ 0.1 points over.\n Copy this for sharing \n \n SKHZ costs 0.24 points a year less; SKHZ is 12.0 times larger.\n SKHQ and SKHZ at a glance. As of Oct 21, 2026. Source: ETFIQ. SKHQ SKHZ \n Expense ratio 0.99% 0.75% \n Net assets, as of Oct 20, 2026 $418,250 $5m \n What it tracks SK Hynix (from its own objective) SK Hynix (from its own objective) \n","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, SKHQ against SKHZ, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skhq-vs-skhz","a":{"ticker":"SKHQ","name":"Leverage Shares 2X Short Sk Hynix Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-10-21","verdict":"Over the month to Oct 21, 2026, SKHQ returned 58.7%, against 59.1% for twice the inverse of SKHY's daily moves.","url":"https://etfiq.com/funds/skhq","key_facts":[{"label":"What SKHY did","value":"\u221224.2%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What \u22122 times a day gives","value":"+59.1%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"+58.7%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to \u22122 times a day","value":"\u22120.4 pts","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$418,250","as_of":"2026-10-20","source":"issuer page, as of Oct 20, 2026"},{"label":"Expense ratio","value":"0.99%","as_of":"2026-10-22","source":"issuer page, Oct 22, 2026"}]},"b":{"ticker":"SKHZ","name":"Leverage Shares 1X Short SK Hynix Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-10-21","verdict":"Over the three months to Oct 21, 2026, SKHZ lost 1.0%, against \u22121.2% for the inverse of SKHY's daily moves.","url":"https://etfiq.com/funds/skhz","key_facts":[{"label":"What SKHY did","value":"\u221213.3%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What \u22121 times a day gives","value":"\u22121.2%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"\u22121.0%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to \u22121 times a day","value":"+0.2 pts","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$5m","as_of":"2026-10-20","source":"issuer page, as of Oct 20, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-07-29","source":"497 XBRL, Jul 29, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/skhq-vs-skhz"}