SKDD GraniteShares 2x Short SK Hynix Daily ETF
Over the three months to Oct 21, 2026, SKDD lost 18.0%, against −17.5% for twice the inverse of SKHY's daily moves.
Price since launch, Jul 14, 2026
$10.94−5.1%1 day, priceClose, Oct 21, 2026
Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Oct 21, 2026. Updated every trading night. Report a data error
Over the 1 month to Oct 21, 2026, SKDD returned +59.2%, where −2 times that move implies +48.4%. The difference is +10.8 pts. Of that, daily compounding is +10.7 pts and the gap to −2 times each day's move compounded is +0.1 pts.
Over the 3 months to Oct 21, 2026, SKDD returned −18.0%, where −2 times that move implies +26.6%. The difference is −44.6 pts. Of that, daily compounding is −44.1 pts and the gap to −2 times each day's move compounded is −0.5 pts.
From launch to Oct 21, 2026, SKDD returned −2.5%, where −2 times that move implies +52.2%. The difference is −54.7 pts. Of that, daily compounding is −54.0 pts and the gap to −2 times each day's move compounded is −0.7 pts.
How closely it delivered its daily multiple over 3 months, ranked against 73 inverse ETFs at 2x, over three months. 100 is best. How it is computed
SKDD finished 0.5 points short of what -2 times SKHY’s daily move would have given, compounded through the same days.
| Window | Total return | SKHY | -2x the move | Difference | SKHY moved about, annualized |
|---|---|---|---|---|---|
| 1M Sep 21 – Oct 21, 2026 | +59.2% | −24.2% | +48.4% | +10.8 pts | 55% |
| 3M Jul 22 – Oct 21, 2026 | −18.0% | −13.3% | +26.6% | −44.6 pts | 78% |
| Since launch Jul 14 – Oct 21, 2026 | −2.5% | −26.1% | +52.2% | −54.7 pts | 85% |
Total return at closing prices, distributions reinvested. -2x the move is -2 times the window's move. That is not the fund's objective, which is -2 times each day's move. Not shown: 6 months, year to date, 1 year and 3 years, which the fund has not been listed long enough to fill (listed Jul 2026); its since-launch row covers all of its record. Source: ETFIQ.
Source: Tiingo end-of-day prices, with distributions reinvested. Data as of Oct 21, 2026. Updated every trading night. Report a data error
Did it keep up with its own daily multiple, compounded day by day, over three months?
That is the share of the 73 inverse ETFs at 2x, over three months sitting at or below SKDD.
Three months only, against the fund's own daily multiple; a different quarter can rank it very differently. Where the fund sits in this set, not a rating. Do not average it with another category's score.
Every fund that sets out to return -2 times SKHY, over the days all of them have been trading. Ranked by how close each came to its own stated multiple.
| Fund | Issuer | Returned | -2x the move | Difference |
|---|---|---|---|---|
| SKHN | Tradr | +3.8% | +5.8% | −2.0 pts |
| SKHQ | Leverage Shares | +3.8% | +5.8% | −2.0 pts |
| SKDD | GraniteShares | +3.5% | +5.8% | −2.3 pts |
| Fund | Issuer | Returned | -2x the move | Difference |
|---|---|---|---|---|
| SKDD | GraniteShares | +59.2% | +48.4% | +10.8 pts |
| SKHN | Tradr | +59.1% | +48.4% | +10.7 pts |
| SKHQ | Leverage Shares | +58.7% | +48.4% | +10.3 pts |
SKHY funds at -2x, to Oct 21, 2026. Source: ETFIQ.
SKDD key stats
About SKDD
How we measure
Questions people ask about SKDD
- Did SKDD return -2 times SKHY?
- Over the three months to Oct 21, 2026, SKHY moved −13.3% and SKDD returned −18.0%. −2 times that move is +26.6%, so the fund came out 44.6 points short of it. That is not its objective, which is daily. Against −2 times each day's move, compounded, it was 0.5 points short.
- Why does SKDD not return -2 times over a year?
- Because it resets daily. SKDD aims at -2 times each day's move, and daily results compound. If the underlying falls and recovers, a holder ends up behind -2 times the period move; in a steady run in one direction, possibly ahead. The longer the holding and the more the underlying swings, the wider the gap.
- Which -2x SKHY ETF came closest to its daily multiple?
- 3 issuers sell one. The table on this page ranks them by how far each finished from −2 times the underlying's move, over the days all of them have traded.
ETFIQ links to the documents behind every figure; a link is not an endorsement.
Cite this pageCitation, APA and Markdown
ETFIQ, SKDD, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/skdd
ETFIQ. (Oct 21, 2026). SKDD, leveraged ETFs. Retrieved from https://etfiq.com/funds/skdd
[SKDD, leveraged ETFs (ETFIQ, Oct 21, 2026)](https://etfiq.com/funds/skdd)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
Embed this chart
Free to use with the credit link. Paste this where the chart should go; it updates every trading night.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/skdd"><img src="https://etfiq.com/assistant/api/embed/leverage/skdd.svg" alt="SKDD: SKDD returned −18.0% while −2 times SKHY's move would have been +26.6%. Figures from Jul 22, 2026 to Oct 21, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">SKDD: SKDD returned −18.0% while −2 times SKHY's move would have been +26.6%. Figures from Jul 22, 2026 to Oct 21, 2026. Data: <a href="https://etfiq.com/funds/skdd">ETFIQ</a></figcaption>
</figure>Four ranked ETF lists in one email every Friday morning. The last note