# SKHN (Tradr 2X Short SK Hynix Daily ETF)

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

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

- SKHN, what SKHY did: −24.2%, as of Oct 21, 2026.
- SKHN, what −2 times a day gives: +59.1%, as of Oct 21, 2026.
- SKHN, what the fund returned: +59.1%, as of Oct 21, 2026.
- SKHN, gap to −2 times a day: −0.1 pts, as of Oct 21, 2026.
- SKHN, net assets: $728,651 (the issuer’s own daily fund list, as of Oct 21, 2026).
- SKHN, expense ratio: 1.49% (485BPOS XBRL, Jul 24, 2026).

## SKHN over each window to Oct 21, 2026

| Window | Total return | SKHY | -2x the move | Difference | SKHY moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | +59.1% | −24.2% | +48.4% | +10.7 pts | 55% |
| Since launch | −45.5% | +10.1% | −20.2% | −25.3 pts | 74% |

## SKHN key stats

- High since Jul 28, 2026, daily closes to Oct 21, 2026: $31.24 on Jul 29, 2026 (computed by ETFIQ from Tiingo daily prices)
- Low since Jul 28, 2026, daily closes to Oct 21, 2026: $9.26 on Oct 5, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Oct 21, 2026, within that range: $16.16, 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 | -2.44533 times, against -2 stated | ETFIQ |
| Underlying | SKHY | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Net assets | $728,651 | the issuer’s own daily fund list, as of Oct 21, 2026 |
| Expense ratio | 1.49% | 485BPOS XBRL, Jul 24, 2026 |
| First traded | Jul 28, 2026 | ETFIQ |
| Underlying volatility over the window | 55% annualized | ETFIQ |

## Questions

### Did SKHN return -2 times SKHY?

Over the month to Oct 21, 2026, SKHY moved −24.2% and SKHN returned +59.1%. −2 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 −2 times each day's move, compounded, it was 0.1 points short.

### Why does SKHN not return -2 times over a year?

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.

### 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, SKHN, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/skhn
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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