# SKHL (Direxion Daily SK Hynix Bull 2X ETF)

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

Over the three months to Oct 21, 2026, SKHL lost 38.2%, against −35.3% for twice SKHY's daily moves.

## Key facts

- SKHL, what SKHY did: −13.3%, as of Oct 21, 2026.
- SKHL, what 2 times a day gives: −35.3%, as of Oct 21, 2026.
- SKHL, what the fund returned: −38.2%, as of Oct 21, 2026.
- SKHL, gap to 2 times a day: −2.8 pts, as of Oct 21, 2026.
- SKHL, last payment, ex-date Sep 22, 2026: $0.0394, as of Sep 22, 2026.
- SKHL, net assets: $38m (issuer page, as of Oct 19, 2026).
- SKHL, expense ratio: 0.97% (485BPOS XBRL, Jul 10, 2026).

## SKHL over each window to Oct 21, 2026

| Window | Total return | SKHY | +2x the move | Difference | SKHY moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | −44.9% | −24.2% | −48.4% | +3.5 pts | 55% |
| 3 months | −38.2% | −13.3% | −26.6% | −11.6 pts | 78% |
| Since launch | −48.1% | −18.8% | −37.6% | −10.5 pts | 84% |

## SKHL key stats

- High since Jul 15, 2026, daily closes to Oct 21, 2026: $12.97 on Sep 9, 2026 (computed by ETFIQ from Tiingo daily prices)
- Low since Jul 15, 2026, daily closes to Oct 21, 2026: $5.80 on Oct 16, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Oct 21, 2026, within that range: $6.34, 8% 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 | +2.86943 times, against +2 stated | ETFIQ |
| Underlying | SKHY | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $38m | issuer page, as of Oct 19, 2026 |
| Expense ratio | 0.97% | 485BPOS XBRL, Jul 10, 2026 |
| First traded | Jul 15, 2026 | ETFIQ |
| Underlying volatility over the window | 78% annualized | ETFIQ |

## Money in and out, to Oct 20, 2026

Monthly figures only. Oct 2026: +$6.5m, from ETFIQ, the sum of its days, Oct 19 to Oct 20.

Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: <https://etfiq.com/data/flows/funds/skhl.json>. Method: https://etfiq.com/methodology/flows

## Questions

### Did SKHL return +2 times SKHY?

Over the three months to Oct 21, 2026, SKHY moved −13.3% and SKHL returned −38.2%. 2 times that move is −26.6%, 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.

### Why does SKHL not return +2 times over a year?

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.

### Which +2x SKHY ETF came closest to its daily multiple?

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.


## Cite this page

ETFIQ, SKHL, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/skhl
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/>.

HTML: https://etfiq.com/funds/skhl  ·  JSON: https://etfiq.com/funds/skhl.json