{
 "ticker": "SKHN",
 "name": "Tradr 2X Short SK Hynix Daily ETF",
 "issuer": "Tradr",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/skhn",
 "html": "https://etfiq.com/funds/skhn",
 "markdown": "https://etfiq.com/funds/skhn.md",
 "as_of": "2026-10-21",
 "verdict": "Over the month to Oct 21, 2026, SKHN returned 59.1%, against 59.1% for twice the inverse of SKHY's daily moves.",
 "key_facts": [
  {
   "key": "what_skhy_did",
   "label": "What SKHY did",
   "value": "\u221224.2%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "SKHN, what SKHY did: \u221224.2%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221224.2%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/skhn#fact-what-skhy-did",
    "text": "SKHN, what SKHY did: \u221224.2%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What \u22122 times a day gives",
   "value": "+59.1%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "SKHN, what \u22122 times a day gives: +59.1%, as of Oct 21, 2026.",
   "cite": {
    "value": "+59.1%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/skhn#fact-what-2-times-a-day-gives",
    "text": "SKHN, what \u22122 times a day gives: +59.1%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+59.1%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "SKHN, what the fund returned: +59.1%, as of Oct 21, 2026.",
   "cite": {
    "value": "+59.1%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/skhn#fact-what-the-fund-returned",
    "text": "SKHN, what the fund returned: +59.1%, as of Oct 21, 2026."
   }
  },
  {
   "key": "gap_to_2_times_a_day",
   "label": "Gap to \u22122 times a day",
   "value": "\u22120.1 pts",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "SKHN, gap to \u22122 times a day: \u22120.1 pts, as of Oct 21, 2026.",
   "cite": {
    "value": "\u22120.1 pts",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/skhn#fact-gap-to-2-times-a-day",
    "text": "SKHN, gap to \u22122 times a day: \u22120.1 pts, as of Oct 21, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$728,651",
   "source": "the issuer\u2019s own daily fund list, as of Oct 21, 2026",
   "as_of": "2026-10-21",
   "sentence": "SKHN, net assets: $728,651 (the issuer\u2019s own daily fund list, as of Oct 21, 2026).",
   "cite": {
    "value": "$728,651",
    "as_of": "2026-10-21",
    "source": "the issuer\u2019s own daily fund list, as of Oct 21, 2026",
    "url": "https://etfiq.com/funds/skhn#fact-net-assets",
    "text": "SKHN, net assets: $728,651 (the issuer\u2019s own daily fund list, as of Oct 21, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jul 24, 2026",
   "as_of": "2026-07-24",
   "sentence": "SKHN, expense ratio: 1.49% (485BPOS XBRL, Jul 24, 2026).",
   "cite": {
    "value": "1.49%",
    "as_of": "2026-07-24",
    "source": "485BPOS XBRL, Jul 24, 2026",
    "url": "https://etfiq.com/funds/skhn#fact-expense-ratio",
    "text": "SKHN, expense ratio: 1.49% (485BPOS XBRL, Jul 24, 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": "-2.44533 times, against -2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "SKHY",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, index",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$728,651",
   "source": "the issuer\u2019s own daily fund list, as of Oct 21, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.49%",
   "source": "485BPOS XBRL, Jul 24, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Jul 28, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "55% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "+59.1%",
   "SKHY": "\u221224.2%",
   "-2x the move": "+48.4%",
   "Difference": "+10.7 pts",
   "SKHY moved about, annualized": "55%"
  },
  {
   "window": "Since launch",
   "Total return": "\u221245.5%",
   "SKHY": "+10.1%",
   "-2x the move": "\u221220.2%",
   "Difference": "\u221225.3 pts",
   "SKHY moved about, annualized": "74%"
  }
 ],
 "questions": [
  {
   "q": "Did SKHN return -2 times SKHY?",
   "a": "Over the month to Oct 21, 2026, SKHY moved \u221224.2% and SKHN returned +59.1%. \u22122 times that move is +48.4%, so the fund came out 10.7 points ahead of it. That is not its objective, which is daily. Against \u22122 times each day's move, compounded, it was 0.1 points short."
  },
  {
   "q": "Why does SKHN not return -2 times over a year?",
   "a": "Because it resets daily. SKHN 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 28, 2026, daily closes to Oct 21, 2026",
   "value": "$31.24 on Jul 29, 2026",
   "as_of": "2026-07-29",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 31.241,
   "window": {
    "from": "2026-07-28",
    "to": "2026-10-21"
   }
  },
  {
   "key": "low52",
   "label": "Low since Jul 28, 2026, daily closes to Oct 21, 2026",
   "value": "$9.26 on Oct 5, 2026",
   "as_of": "2026-10-05",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 9.26,
   "window": {
    "from": "2026-07-28",
    "to": "2026-10-21"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 21, 2026, within that range",
   "value": "$16.16, 31% of the way from the low to the high",
   "as_of": "2026-10-21",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 16.16
  }
 ],
 "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, SKHN, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/skhn"
}