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MUZ vs SKHZ

Defiance Daily Target 2X Short MU ETF

MUZCNYSE Arca

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZACboe

Overlap

Expense ratio

SKHZ −0.56pt a year

MUZ1.31%SKHZ0.75%

Avg volume · 30D

MUZ 5.9×the volume

MUZ11.2MSKHZ1.9M

MUZ vs SKHZ Performance

Jul 31, 2026 – Nov 2, 2026

−27.2%MUZ−14.7%SKHZ

Jul 31, 2026 to Nov 2, 2026. MUZ −27.2%. SKHZ −14.7%. Use the arrow keys to read each point.−50%−40%0%Jul 2026Sep 2026Nov 2026
Expense ratio
MUZ 1.31%
SKHZ 0.75%, better
Fund size
MUZ $9M
SKHZ $4M
Holdings
MUZ 2
SKHZ 2
Avg volume (30D)
MUZ 11.2M sh, better
SKHZ 1.9M sh
NAV per share
MUZ $8.92
SKHZ $11.21
52W range

ETF.net Grade

MUZ: Cost 49, Risk 38, Mission not scored, Tradability 66, Holdings not scored, Durability 42. SKHZ: Cost 100, Risk 75, Mission not scored, Tradability 71, Holdings not scored, Durability 20.
Pillar letters and Scores for MUZ, SKHZ, with each pillar’s weight
PillarMUZSKHZ
Cost30% weightC49A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightD38A75Higher
Tradability15% weightB66A71Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC42HigherF20

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. MUZ 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 ›

MUZ ranks 23rd and SKHZ 27th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 23CCONIGraniteShares 2x Short COIN Daily ETFScore 50
  2. Rank 23CMUZDefiance Daily Target 2X Short MU ETFScore 50
  3. Rank 25CIONZDefiance Daily Target 2x Short IONQ ETFScore 41
  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

MUZCDefiance Daily Target 2X Short MU ETF

SKHZALeverage Shares 1X Short SK Hynix Daily ETF

In short

MUZ The first ETF to put -2X daily on Micron, doubling the depth of the -1X bear option that came before it. A trader's tool for memory-chip swings: no margin account, no borrowed shares, just a ticker.

SKHZ No data

Stated mandate

MUZ The Fund seeks daily inverse investment results equal to negative two times the daily percentage change in Micron Technology, Inc.'s common stock.

SKHZ No data

Why people hold it

  • MUZ Deepest inverse exposure on Micron in a fund wrapper: it aims for -200% of the stock's daily move, where the bear funds that preceded its 2026 launch targeted -100%.defianceetfs.comdirexion.com
  • Shorts Micron without a margin account or locating borrow. The fund builds the position with swap agreements and listed options inside a standard 1940-Act ETF.defianceetfs.comdefianceetfs.com 2
  • At 1.31%, the expense ratio sits right at the median for leveraged and inverse single-stock funds, so the extra torque doesn't come at a premium price.
  • Heavily traded for a young single-stock fund, which is what you want in a vehicle designed to be held for days, not quarters.

SKHZ No data

Worth knowing

  • MUZ The -2X target resets daily. Over longer holds, results track the path Micron takes, not simply where the stock ends up.defianceetfs.com
  • Bear-1X peers like AAPD and TSLS charge under 1%. Two times the inverse costs more than one.
  • One stock, one direction, non-diversified by design, and a modest asset base for the category. Micron earnings nights land at double speed.defianceetfs.com

SKHZ No data

Full MUZ profile⁠

Full SKHZ profile⁠

MUZ 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.

MUZ vs SKHZ Cost

Overpaying MUZ vs SKHZ

$9,037

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

  • MUZ 1.31%

    $23,519

  • SKHZ 0.75%

    $14,482

$10,000
30 years

Cost over time

  • MUZ 1.31%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530MUZ $23,519SKHZ $14,482

Year by year

YearMUZSKHZOverpaying
10$2,280$1,336$944
20$8,450$5,078$3,372
30$23,519$14,482$9,037

Expense ratio

  • 1.31%MUZ
  • 0.75%SKHZ, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

SKHZ cheapest of 43 funds

MUZ 27th cheapest of 43 funds

MUZ vs SKHZ Dividends

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

Distribution history

MUZAll MUZ payments⁠

No distribution history available.

SKHZAll SKHZ payments⁠

No distribution history available.

MUZ vs SKHZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
MUZ 0.00SKHZ 0.00Same figure. Both funds show the same value, so neither comes out ahead.

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