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IREZ vs SKHZ

Tradr 2X Short IREN Daily ETF

IREZBCboe

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZACboe

Overlap

Expense ratio

SKHZ −0.74pt a year

IREZ1.49%SKHZ0.75%

Avg volume · 30D

IREZ 1.1×the volume

IREZ2.03MSKHZ1.9M

IREZ vs SKHZ Performance

Jul 31, 2026 – Nov 2, 2026

+63.4%IREZ−14.7%SKHZ

Jul 31, 2026 to Nov 2, 2026. IREZ +63.4%. SKHZ −14.7%. Use the arrow keys to read each point.−50%0%25%50%Jul 2026Sep 2026Nov 2026
Expense ratio
IREZ 1.49%
SKHZ 0.75%, better
Fund size
IREZ $10M
SKHZ $4M
Holdings
IREZ 2
SKHZ 2
Avg volume (30D)
IREZ 2.03M sh, better
SKHZ 1.9M sh
NAV per share
IREZ $26.56
SKHZ $11.21
52W range

ETF.net Grade

IREZ: Cost 25, Risk 40, Mission 97, Tradability 67, Holdings not scored, Durability 39. SKHZ: Cost 100, Risk 75, Mission not scored, Tradability 71, Holdings not scored, Durability 20.
Pillar letters and Scores for IREZ, SKHZ, with each pillar’s weight
PillarIREZSKHZ
Cost30% weightD25A100Higher
Mission25% weightA97Not scored
Risk15% weightC40A75Higher
Tradability15% weightB67A71Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD39HigherF20

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IREZ and SKHZ are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

IREZ ranks 22nd and SKHZ 27th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 21BAMDDDirexion Daily AMD Bear 1X ETFScore 56
  2. Rank 22BIREZTradr 2X Short IREN Daily ETFScore 55
  3. Rank 23CCONIGraniteShares 2x Short COIN Daily ETFScore 50
  4. Rank 27CRKLZDefiance Daily Target 2X Short RKLB ETFScore 40
  5. Rank 27ASKHZLeverage Shares 1X Short SK Hynix Daily ETFScore 40
  6. Rank 27CTSMZDirexion Daily TSM Bear 1X ETFScore 40

Our read on each fund

ETF.net Research

IREZBTradr 2X Short IREN Daily ETF

SKHZALeverage Shares 1X Short SK Hynix Daily ETF

In short

IREZ A one-ticker way to lean against IREN Limited. IREZ aims for two times the inverse of the stock's daily move, no margin agreement and no borrowing shares. Daily reset, built around short holding periods.

SKHZ No data

Stated mandate

IREZ The fund seeks daily investment results corresponding to two times the inverse of the daily performance of IREN Limited.

SKHZ No data

Why people hold it

  • IREZ Targets -2x IREN Limited's daily move from a plain brokerage account: no margin agreement, no locating shares to borrow, and no exposure beyond the money you put in.
  • One job, done tightly. Day to day the fund has landed very close to its stated inverse target, which is the whole ballgame for a leveraged trading vehicle.
  • Actively traded for a fund of its size, so entering and exiting a short-term position is generally the easy part.

SKHZ No data

Worth knowing

  • IREZ The -2x goal resets daily. Hold through a choppy stretch and compounding pulls your result away from twice the stock's move over that span, sometimes sharply.
  • The 1.49% expense ratio sits above several rival inverse single-stock funds, such as MSTZ at 1.05% and TSDD at 1.13%.
  • Launched in 2026 and small, so it carries a short operating history next to the longer-running bear funds in its category.

SKHZ No data

Full IREZ profile⁠

Full SKHZ profile⁠

IREZ vs SKHZ Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IREZ vs SKHZ Cost

Overpaying IREZ vs SKHZ

$11,659

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IREZ 1.49%

    $26,141

  • SKHZ 0.75%

    $14,482

$10,000
30 years

Cost over time

  • IREZ 1.49%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530IREZ $26,141SKHZ $14,482

Year by year

YearIREZSKHZOverpaying
10$2,574$1,336$1,238
20$9,464$5,078$4,386
30$26,141$14,482$11,659

Expense ratio

  • 1.49%IREZ
  • 0.75%SKHZ, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

SKHZ cheapest of 43 funds

IREZ 31st cheapest of 43 funds

IREZ vs SKHZ Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
IREZ None
SKHZ None

Distribution history

IREZAll IREZ payments⁠

No distribution history available.

SKHZAll SKHZ payments⁠

No distribution history available.

IREZ vs SKHZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
IREZ −5.89SKHZ 0.00

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