{"url":"https://etfiq.com/compare/leverage/skhq-vs-skuu","section":"compare","title":"SKHQ vs SKUU: Leverage, Returns & Decay | ETFIQ","description":"SKHQ sets out to return -2 times SKHY each day and SKUU +2 times. Over the month to Oct 21, 2026 they finished +10.3 pts and +3.6 pts away.","as_of":"Oct 21, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its daily multiple, SKHQ or SKUU?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Are SKHQ and SKUU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on SK hynix, SKHQ at -2 times and SKUU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SKHQ or SKUU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SKHQ\u2019s moved at 55% annualized and SKUU\u2019s at 78%, so SKUU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SKHQ or SKUU 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 SKUU?","acceptedAnswer":{"@type":"Answer","text":"SKHQ charges 0.99% a year and SKUU charges 1.50%, so SKHQ 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 SKUU","item":"https://etfiq.com/compare/leverage/skhq-vs-skuu"}]},{"@type":"WebPage","name":"SKHQ vs SKUU: Leverage, Returns & Decay","description":"SKHQ sets out to return -2 times SKHY each day and SKUU +2 times. Over the month to Oct 21, 2026 they finished +10.3 pts and +3.6 pts away.","url":"https://etfiq.com/compare/leverage/skhq-vs-skuu","dateModified":"2026-10-21","abstract":"Over a month against its daily multiple, compounded, SKHQ finished 0.4 points short and SKUU 0.5 points short.","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 SKUU","description":"SKHQ sets out to return -2 times SKHY each day and SKUU +2 times. Over the month to Oct 21, 2026 they finished +10.3 pts and +3.6 pts away.","dateModified":"2026-10-21","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/skhq-vs-skuu","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":7395,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / SKHQ vs SKUU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 21, 2026 .\n\n SKHQ vs SKUU: Leverage, Returns & Decay\n\n Over a month against its daily multiple, compounded, SKHQ finished 0.4 points short and SKUU 0.5 points short.\n Copy this for sharing \n \n SKHQ costs 0.51 points a year less.\n SKHQ and SKUU at a glance. As of Oct 21, 2026. Source: ETFIQ. SKHQ SKUU \n Expense ratio 0.99% 1.50% \n Net assets, SKHQ as of Oct 20, 2026 and SKUU as of Oct 21, 2026 $418,250 $163m \n What it tracks SK Hynix (from its own objective) SK Hynix Inc. (from its ow","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 SKUU, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skhq-vs-skuu","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":"SKUU","name":"GraniteShares 2x Long SK Hynix Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-10-21","verdict":"Over the three months to Oct 21, 2026, SKUU lost 37.5%, against \u221235.3% for twice SKHY's daily moves.","url":"https://etfiq.com/funds/skuu","key_facts":[{"label":"What SKHY did","value":"\u221213.3%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What 2 times a day gives","value":"\u221235.3%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"\u221237.5%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to 2 times a day","value":"\u22122.2 pts","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$163m","as_of":"2026-10-21","source":"issuer page, as of Oct 21, 2026"},{"label":"Expense ratio","value":"1.50%","as_of":"2026-07-02","source":"497 XBRL, Jul 2, 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-skuu"}