# SKHQ (Leverage Shares 2X Short Sk Hynix Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Oct 21, 2026

Over the month to Oct 21, 2026, SKHQ returned 58.7%, against 59.1% for twice the inverse of SKHY's daily moves.

## Key facts

- SKHQ, what SKHY did: −24.2%, as of Oct 21, 2026.
- SKHQ, what −2 times a day gives: +59.1%, as of Oct 21, 2026.
- SKHQ, what the fund returned: +58.7%, as of Oct 21, 2026.
- SKHQ, gap to −2 times a day: −0.4 pts, as of Oct 21, 2026.
- SKHQ, net assets: $418,250 (issuer page, as of Oct 20, 2026).
- SKHQ, expense ratio: 0.99% (issuer page, Oct 22, 2026).

## SKHQ over each window to Oct 21, 2026

| Window | Total return | SKHY | -2x the move | Difference | SKHY moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | +58.7% | −24.2% | +48.4% | +10.3 pts | 55% |
| Since launch | +11.9% | −13.2% | +26.4% | −14.5 pts | 64% |

## SKHQ key stats

- High since Sep 2, 2026, daily closes to Oct 21, 2026: $17.65 on Oct 16, 2026 (computed by ETFIQ from Tiingo daily prices)
- Low since Sep 2, 2026, daily closes to Oct 21, 2026: $9.11 on Oct 2, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Oct 21, 2026, within that range: $15.89, 79% 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 | -2.43233 times, against -2 stated | ETFIQ |
| Underlying | SKHY | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $418,250 | issuer page, as of Oct 20, 2026 |
| Expense ratio | 0.99% | issuer page, Oct 22, 2026 |
| First traded | Sep 2, 2026 | ETFIQ |
| Underlying volatility over the window | 55% annualized | ETFIQ |

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

Monthly figures only. Oct 2026: $0, 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/skhq.json>. Method: https://etfiq.com/methodology/flows

## Questions

### Did SKHQ return -2 times SKHY?

Over the month to Oct 21, 2026, SKHY moved −24.2% and SKHQ returned +58.7%. −2 times that move is +48.4%, so the fund came out 10.3 points ahead of it. That is not its objective, which is daily. Against −2 times each day's move, compounded, it was 0.4 points short.

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

Because it resets daily. SKHQ 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, SKHQ, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/skhq
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/skhq  ·  JSON: https://etfiq.com/funds/skhq.json