# SKDD (GraniteShares 2x Short SK Hynix Daily ETF)

GraniteShares · Leveraged ETFs · data as of Oct 21, 2026

Over the three months to Oct 21, 2026, SKDD lost 18.0%, against −17.5% for twice the inverse of SKHY's daily moves.

## Key facts

- SKDD, what SKHY did: −13.3%, as of Oct 21, 2026.
- SKDD, what −2 times a day gives: −17.5%, as of Oct 21, 2026.
- SKDD, what the fund returned: −18.0%, as of Oct 21, 2026.
- SKDD, gap to −2 times a day: −0.5 pts, as of Oct 21, 2026.
- SKDD, net assets: $15m (issuer page, as of Oct 21, 2026).
- SKDD, expense ratio: 2.20% (497 XBRL, Jul 2, 2026).

## SKDD over each window to Oct 21, 2026

| Window | Total return | SKHY | -2x the move | Difference | SKHY moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | +59.2% | −24.2% | +48.4% | +10.8 pts | 55% |
| 3 months | −18.0% | −13.3% | +26.6% | −44.6 pts | 78% |
| Since launch | −2.5% | −26.1% | +52.2% | −54.7 pts | 85% |

## SKDD key stats

- High since Jul 14, 2026, daily closes to Oct 21, 2026: $21.24 on Jul 29, 2026 (computed by ETFIQ from Tiingo daily prices)
- Low since Jul 14, 2026, daily closes to Oct 21, 2026: $6.27 on Oct 2, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Oct 21, 2026, within that range: $10.94, 31% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices)

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of SKHY, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.35178 times, against -2 stated | ETFIQ |
| Underlying | SKHY | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $15m | issuer page, as of Oct 21, 2026 |
| Expense ratio | 2.20% | 497 XBRL, Jul 2, 2026 |
| First traded | Jul 14, 2026 | ETFIQ |
| Underlying volatility over the window | 78% annualized | ETFIQ |

## Questions

### 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.


## Cite this page

ETFIQ, SKDD, leveraged ETFs, data as of 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 <https://etfiq.com/data/>.

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