{
 "ticker": "SKHL",
 "name": "Direxion Daily SK Hynix Bull 2X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/skhl",
 "html": "https://etfiq.com/funds/skhl",
 "markdown": "https://etfiq.com/funds/skhl.md",
 "as_of": "2026-10-21",
 "verdict": "Over the three months to Oct 21, 2026, SKHL lost 38.2%, against \u221235.3% for twice 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": "SKHL, 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/skhl#fact-what-skhy-did",
    "text": "SKHL, what SKHY did: \u221213.3%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221235.3%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "SKHL, what 2 times a day gives: \u221235.3%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221235.3%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/skhl#fact-what-2-times-a-day-gives",
    "text": "SKHL, what 2 times a day gives: \u221235.3%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221238.2%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "SKHL, what the fund returned: \u221238.2%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221238.2%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/skhl#fact-what-the-fund-returned",
    "text": "SKHL, what the fund returned: \u221238.2%, as of Oct 21, 2026."
   }
  },
  {
   "key": "gap_to_2_times_a_day",
   "label": "Gap to 2 times a day",
   "value": "\u22122.8 pts",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "SKHL, gap to 2 times a day: \u22122.8 pts, as of Oct 21, 2026.",
   "cite": {
    "value": "\u22122.8 pts",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/skhl#fact-gap-to-2-times-a-day",
    "text": "SKHL, gap to 2 times a day: \u22122.8 pts, as of Oct 21, 2026."
   }
  },
  {
   "key": "last_payment_ex_date_sep_22_2026",
   "label": "Last payment, ex-date Sep 22, 2026",
   "value": "$0.0394",
   "source": "Tiingo end-of-day distributions",
   "as_of": "2026-09-22",
   "sentence": "SKHL, last payment, ex-date Sep 22, 2026: $0.0394, as of Sep 22, 2026.",
   "cite": {
    "value": "$0.0394",
    "as_of": "2026-09-22",
    "source": "Tiingo end-of-day distributions",
    "url": "https://etfiq.com/funds/skhl#fact-last-payment-ex-date-sep-22-2026",
    "text": "SKHL, last payment, ex-date Sep 22, 2026: $0.0394, as of Sep 22, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$38m",
   "source": "issuer page, as of Oct 19, 2026",
   "as_of": "2026-10-19",
   "sentence": "SKHL, net assets: $38m (issuer page, as of Oct 19, 2026).",
   "cite": {
    "value": "$38m",
    "as_of": "2026-10-19",
    "source": "issuer page, as of Oct 19, 2026",
    "url": "https://etfiq.com/funds/skhl#fact-net-assets",
    "text": "SKHL, net assets: $38m (issuer page, as of Oct 19, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.97%",
   "source": "485BPOS XBRL, Jul 10, 2026",
   "as_of": "2026-07-10",
   "sentence": "SKHL, expense ratio: 0.97% (485BPOS XBRL, Jul 10, 2026).",
   "cite": {
    "value": "0.97%",
    "as_of": "2026-07-10",
    "source": "485BPOS XBRL, Jul 10, 2026",
    "url": "https://etfiq.com/funds/skhl#fact-expense-ratio",
    "text": "SKHL, expense ratio: 0.97% (485BPOS XBRL, Jul 10, 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": "+2.86943 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": "$38m",
   "source": "issuer page, as of Oct 19, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.97%",
   "source": "485BPOS XBRL, Jul 10, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Jul 15, 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": "\u221244.9%",
   "SKHY": "\u221224.2%",
   "+2x the move": "\u221248.4%",
   "Difference": "+3.5 pts",
   "SKHY moved about, annualized": "55%"
  },
  {
   "window": "3 months",
   "Total return": "\u221238.2%",
   "SKHY": "\u221213.3%",
   "+2x the move": "\u221226.6%",
   "Difference": "\u221211.6 pts",
   "SKHY moved about, annualized": "78%"
  },
  {
   "window": "Since launch",
   "Total return": "\u221248.1%",
   "SKHY": "\u221218.8%",
   "+2x the move": "\u221237.6%",
   "Difference": "\u221210.5 pts",
   "SKHY moved about, annualized": "84%"
  }
 ],
 "questions": [
  {
   "q": "Did SKHL return +2 times SKHY?",
   "a": "Over the three months to Oct 21, 2026, SKHY moved \u221213.3% and SKHL returned \u221238.2%. 2 times that move is \u221226.6%, so the fund came out 11.6 points short of it. That is not its objective, which is daily. Against 2 times each day's move, compounded, it was 2.8 points short."
  },
  {
   "q": "Why does SKHL not return +2 times over a year?",
   "a": "Because it resets daily. SKHL 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": "6 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."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "High since Jul 15, 2026, daily closes to Oct 21, 2026",
   "value": "$12.97 on Sep 9, 2026",
   "as_of": "2026-09-09",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 12.97,
   "window": {
    "from": "2026-07-15",
    "to": "2026-10-21"
   }
  },
  {
   "key": "low52",
   "label": "Low since Jul 15, 2026, daily closes to Oct 21, 2026",
   "value": "$5.80 on Oct 16, 2026",
   "as_of": "2026-10-16",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 5.8,
   "window": {
    "from": "2026-07-15",
    "to": "2026-10-21"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 21, 2026, within that range",
   "value": "$6.34, 8% of the way from the low to the high",
   "as_of": "2026-10-21",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 6.34
  }
 ],
 "flows": {
  "as_of": "2026-10-20",
  "coverage": "daily",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/skhl.json",
  "windows": [],
  "latest_month": {
   "month": "2026-10",
   "net_flow_usd": 6509700,
   "net_flow": "+$6.5m",
   "source": "ETFIQ, the sum of its days, Oct 19 to Oct 20"
  }
 },
 "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, SKHL, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/skhl"
}