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

Over the window to Oct 21, 2026, SKHQ finished 10.3 points from what its multiple implies and SKUU finished 10.9 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 SKUU levered on the same thing?

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

Which one decays faster, SKHQ or SKUU?

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

Can I hold SKHQ or SKUU 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 SKUU?

SKHQ charges 0.99% a year and SKUU charges 1.50%, so SKHQ is cheaper. Fees come from each fund's prospectus.

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SKHQ vs SKUU: Leverage, Returns & Decay

Over a month against its daily multiple, compounded, SKHQ finished 0.4 points short and SKUU 0.5 points short. Net assets: $418,250 on Oct 20, 2026 for Leverage Shares 2X Short Sk Hynix Daily ETF, and $163m on Oct 21, 2026 for GraniteShares 2x Long SK Hynix Daily ETF.

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Answers cite the figures on this page.

SKHQ costs 0.51 points a year less.

Points (pts) are percentage points.

SKHQ vs SKUU: Leverage, Returns & Decay
	SKHQ	SKUU
Expense ratio	0.99%	1.50%
Net assets, SKHQ as of Oct 20, 2026 and SKUU as of Oct 21, 2026	$418,250	$163m
What it tracks	SK Hynix (from its own objective)	SK Hynix Inc. (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)	2.2 points short (3 months)

+11.9%

SKHQ returned, since launch, Sep 2, 2026

−37.5%

SKUU returned, 3 months

−14.5 pts

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

−10.9 pts

SKUU from its stated multiple: compounding −8.7 pts, gap to the daily multiple −2.2 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.

SKUU · 3 months to Oct 21, 202610.9 pts short of its stated multiple

SKUU returned −37.5% 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 SKUU: Leverage, Returns & Decay
	Total return		Multiple would give		Difference
Window	SKHQ	SKUU	SKHQ	SKUU	SKHQ	SKUU
1 month	+58.7%	−44.8%	+48.4%	−48.4%	+10.3 pts	+3.6 pts
3 months	–	−37.5%	–	−26.6%	–	−10.9 pts
Since launch Not the same days: SKHQ Sep 2026 · SKUU Jul 2026	+11.9%	−57.2%	+26.4%	−52.2%	−14.5 pts	−5.0 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)

SKUU

GraniteShares 2x Long SK Hynix Daily ETF · Aims to return twice the daily move of SK hynix (SKHY)

Issuer Leverage Shares GraniteShares

Sets out to return −2x +2x

Underlying asset SKHY SKHY

Segment company company

Fund returned, 3 months +11.9% (since launch, Sep 2, 2026) −37.5%

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 −10.9 pts

Fund returned, 1 year +11.9% (since launch, Sep 2, 2026) −57.2% (since launch, Jul 14, 2026)

Difference from stated, over that window −14.5 pts (since launch, Sep 2, 2026) −5.0 pts (since launch, Jul 14, 2026)

Underlying volatility 64% 78%

Difference over the days both have traded +10.3 pts +3.6 pts

Expense ratio 0.99% 1.50%

First traded Sep 2, 2026 Jul 14, 2026

Net assets, SKHQ as of Oct 20, 2026 and SKUU as of Oct 21, 2026 $418,250 $163m

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 SKUU

Read the multiple against the whole window instead and 2 times SKHY's −13.3% implies −26.6%, which makes SKUU look 10.9 points short. Of that 10.9, daily compounding is −8.7 points, which any 2 times fund would show over the same path, and the fund itself is −2.2 points against 2 times each day's move, compounded. SKUU 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, SKUU lost 37.5%, against −35.3% for twice SKHY's daily moves.

Questions people ask

Which came closer to its daily multiple, SKHQ or SKUU?: Over the window to Oct 21, 2026, SKHQ finished 10.3 points from what its multiple implies and SKUU finished 10.9 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 SKUU levered on the same thing?: Yes. Both are levered on SK hynix, SKHQ at -2 times and SKUU at +2 times the daily move.
Which one decays faster, SKHQ or SKUU?: Decay follows how much the underlying moves about. Over this window SKHQ’s moved at 55% annualized and SKUU’s at 78%, so SKUU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold SKHQ or SKUU 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 SKUU?: SKHQ charges 0.99% a year and SKUU charges 1.50%, so SKHQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

Leverage Shares website ↗SKUU filings on SEC EDGAR ↗SKUU prospectus with the expense ratio (SEC) ↗GraniteShares page for SKUU ↗

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 SKUU, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skhq-vs-skuu

Open data

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