{
 "ticker": "SKUU",
 "name": "GraniteShares 2x Long SK Hynix Daily ETF",
 "issuer": "GraniteShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/skuu",
 "html": "https://etfiq.com/funds/skuu",
 "markdown": "https://etfiq.com/funds/skuu.md",
 "as_of": "2026-10-21",
 "verdict": "Over the three months to Oct 21, 2026, SKUU lost 37.5%, 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": "SKUU, 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/skuu#fact-what-skhy-did",
    "text": "SKUU, 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": "SKUU, 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/skuu#fact-what-2-times-a-day-gives",
    "text": "SKUU, what 2 times a day gives: \u221235.3%, as of Oct 21, 2026."
   }
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221237.5%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "SKUU, what the fund returned: \u221237.5%, as of Oct 21, 2026.",
   "cite": {
    "value": "\u221237.5%",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/skuu#fact-what-the-fund-returned",
    "text": "SKUU, what the fund returned: \u221237.5%, as of Oct 21, 2026."
   }
  },
  {
   "key": "gap_to_2_times_a_day",
   "label": "Gap to 2 times a day",
   "value": "\u22122.2 pts",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-21",
   "sentence": "SKUU, gap to 2 times a day: \u22122.2 pts, as of Oct 21, 2026.",
   "cite": {
    "value": "\u22122.2 pts",
    "as_of": "2026-10-21",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/skuu#fact-gap-to-2-times-a-day",
    "text": "SKUU, gap to 2 times a day: \u22122.2 pts, as of Oct 21, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$163m",
   "source": "issuer page, as of Oct 21, 2026",
   "as_of": "2026-10-21",
   "sentence": "SKUU, net assets: $163m (issuer page, as of Oct 21, 2026).",
   "cite": {
    "value": "$163m",
    "as_of": "2026-10-21",
    "source": "issuer page, as of Oct 21, 2026",
    "url": "https://etfiq.com/funds/skuu#fact-net-assets",
    "text": "SKUU, net assets: $163m (issuer page, as of Oct 21, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "497 XBRL, Jul 2, 2026",
   "as_of": "2026-07-02",
   "sentence": "SKUU, expense ratio: 1.50% (497 XBRL, Jul 2, 2026).",
   "cite": {
    "value": "1.50%",
    "as_of": "2026-07-02",
    "source": "497 XBRL, Jul 2, 2026",
    "url": "https://etfiq.com/funds/skuu#fact-expense-ratio",
    "text": "SKUU, expense ratio: 1.50% (497 XBRL, Jul 2, 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": "+2.81832 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": "$163m",
   "source": "issuer page, as of Oct 21, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.50%",
   "source": "497 XBRL, Jul 2, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Jul 14, 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": "\u221244.8%",
   "SKHY": "\u221224.2%",
   "+2x the move": "\u221248.4%",
   "Difference": "+3.6 pts",
   "SKHY moved about, annualized": "55%"
  },
  {
   "window": "3 months",
   "Total return": "\u221237.5%",
   "SKHY": "\u221213.3%",
   "+2x the move": "\u221226.6%",
   "Difference": "\u221210.9 pts",
   "SKHY moved about, annualized": "78%"
  },
  {
   "window": "Since launch",
   "Total return": "\u221257.2%",
   "SKHY": "\u221226.1%",
   "+2x the move": "\u221252.2%",
   "Difference": "\u22125.0 pts",
   "SKHY moved about, annualized": "85%"
  }
 ],
 "questions": [
  {
   "q": "Did SKUU return +2 times SKHY?",
   "a": "Over the three months to Oct 21, 2026, SKHY moved \u221213.3% and SKUU returned \u221237.5%. 2 times that move is \u221226.6%, so the fund came out 10.9 points short of it. That is not its objective, which is daily. Against 2 times each day's move, compounded, it was 2.2 points short."
  },
  {
   "q": "Why does SKUU not return +2 times over a year?",
   "a": "Because it resets daily. SKUU 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 14, 2026, daily closes to Oct 21, 2026",
   "value": "$38.57 on Jul 14, 2026",
   "as_of": "2026-07-14",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 38.57,
   "window": {
    "from": "2026-07-14",
    "to": "2026-10-21"
   }
  },
  {
   "key": "low52",
   "label": "Low since Jul 14, 2026, daily closes to Oct 21, 2026",
   "value": "$15.05 on Oct 16, 2026",
   "as_of": "2026-10-16",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 15.05,
   "window": {
    "from": "2026-07-14",
    "to": "2026-10-21"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 21, 2026, within that range",
   "value": "$16.51, 6% of the way from the low to the high",
   "as_of": "2026-10-21",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 16.51
  }
 ],
 "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, SKUU, leveraged ETFs, data as of Oct 21, 2026. https://etfiq.com/funds/skuu"
}