{
 "ticker": "SKDD",
 "name": "GraniteShares 2x Short SK Hynix Daily ETF",
 "issuer": "GraniteShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/skdd",
 "html": "https://etfiq.com/funds/skdd",
 "markdown": "https://etfiq.com/funds/skdd.md",
 "as_of": "2026-10-21",
 "verdict": "Over the three months to Oct 21, 2026, SKDD lost 18.0%, against \u221217.5% for twice the inverse of SKHY's daily moves.",
 "key_facts": [
  {
   "key": "what_skhy_did",
   "label": "What SKHY did",
   "value": "\u221213.3%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "SKDD, what SKHY did: \u221213.3%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221213.3%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/skdd#fact-what-skhy-did",
    "text": "SKDD, what SKHY did: \u221213.3%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What \u22122 times a day gives",
   "value": "\u221217.5%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "SKDD, what \u22122 times a day gives: \u221217.5%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221217.5%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/skdd#fact-what-2-times-a-day-gives",
    "text": "SKDD, what \u22122 times a day gives: \u221217.5%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221218.0%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "SKDD, what the fund returned: \u221218.0%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221218.0%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/skdd#fact-what-the-fund-returned",
    "text": "SKDD, what the fund returned: \u221218.0%, as of Oct 21, 2026."
   }
  },
  {
   "key": "gap_to_2_times_a_day",
   "label": "Gap to \u22122 times a day",
   "value": "\u22120.5 pts",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "SKDD, gap to \u22122 times a day: \u22120.5 pts, as of Oct 21, 2026.",
   "cite": {
    "value": "\u22120.5 pts",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/skdd#fact-gap-to-2-times-a-day",
    "text": "SKDD, gap to \u22122 times a day: \u22120.5 pts, as of Oct 21, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$15m",
   "source": "issuer page, as of Oct 21, 2026",
   "as_of": "2026-10-21",
   "sentence": "SKDD, net assets: $15m (issuer page, as of Oct 21, 2026).",
   "cite": {
    "value": "$15m",
    "as_of": "2026-10-21",
    "source": "issuer page, as of Oct 21, 2026",
    "url": "https://etfiq.com/funds/skdd#fact-net-assets",
    "text": "SKDD, net assets: $15m (issuer page, as of Oct 21, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "2.20%",
   "source": "497 XBRL, Jul 2, 2026",
   "as_of": "2026-07-02",
   "sentence": "SKDD, expense ratio: 2.20% (497 XBRL, Jul 2, 2026).",
   "cite": {
    "value": "2.20%",
    "as_of": "2026-07-02",
    "source": "497 XBRL, Jul 2, 2026",
    "url": "https://etfiq.com/funds/skdd#fact-expense-ratio",
    "text": "SKDD, expense ratio: 2.20% (497 XBRL, Jul 2, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "-2 times the daily move of SKHY, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.35178 times, against -2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "SKHY",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$15m",
   "source": "issuer page, as of Oct 21, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "2.20%",
   "source": "497 XBRL, Jul 2, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Jul 14, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "78% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "+59.2%",
   "SKHY": "\u221224.2%",
   "-2x the move": "+48.4%",
   "Difference": "+10.8 pts",
   "SKHY moved about, annualized": "55%"
  },
  {
   "window": "3 months",
   "Total return": "\u221218.0%",
   "SKHY": "\u221213.3%",
   "-2x the move": "+26.6%",
   "Difference": "\u221244.6 pts",
   "SKHY moved about, annualized": "78%"
  },
  {
   "window": "Since launch",
   "Total return": "\u22122.5%",
   "SKHY": "\u221226.1%",
   "-2x the move": "+52.2%",
   "Difference": "\u221254.7 pts",
   "SKHY moved about, annualized": "85%"
  }
 ],
 "questions": [
  {
   "q": "Did SKDD return -2 times SKHY?",
   "a": "Over the three months to Oct 21, 2026, SKHY moved \u221213.3% and SKDD returned \u221218.0%. \u22122 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 \u22122 times each day's move, compounded, it was 0.5 points short."
  },
  {
   "q": "Why does SKDD not return -2 times over a year?",
   "a": "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."
  },
  {
   "q": "Which -2x SKHY ETF came closest to its daily multiple?",
   "a": "3 issuers sell one. The table on this page ranks them by how far each finished from \u22122 times the underlying's move, over the days all of them have traded."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "High since Jul 14, 2026, daily closes to Oct 21, 2026",
   "value": "$21.24 on Jul 29, 2026",
   "as_of": "2026-07-29",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 21.24,
   "window": {
    "from": "2026-07-14",
    "to": "2026-10-21"
   }
  },
  {
   "key": "low52",
   "label": "Low since Jul 14, 2026, daily closes to Oct 21, 2026",
   "value": "$6.27 on Oct 2, 2026",
   "as_of": "2026-10-02",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 6.27,
   "window": {
    "from": "2026-07-14",
    "to": "2026-10-21"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 21, 2026, within that range",
   "value": "$10.94, 31% of the way from the low to the high",
   "as_of": "2026-10-21",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 10.94
  }
 ],
 "generated": "2026-10-22",
 "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, SKDD, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/skdd"
}