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NVD vs SKHZ

GraniteShares 2x Short NVDA Daily ETF

NVDANasdaq

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZACboe

Overlap

Expense ratio

SKHZ −0.55pt a year

NVD1.30%SKHZ0.75%

Avg volume · 30D

NVD 44.2×the volume

NVD83.8MSKHZ1.9M

NVD vs SKHZ Performance

Jul 31, 2026 – Oct 30, 2026

−11.2%NVD−15.5%SKHZ

Jul 31, 2026 to Oct 30, 2026. NVD −11.2%. SKHZ −15.5%. Use the arrow keys to read each point.−30%−20%0%Jul 2026Sep 2026Oct 2026
Expense ratio
NVD 1.30%
SKHZ 0.75%, better
Fund size
NVD $60M
SKHZ $4M
1Y total return
NVD −30.9%
SKHZ No data
Yield (12M)
NVD 19.09%
SKHZ No data
Holdings
NVD 1
SKHZ 2
Avg volume (30D)
NVD 83.8M sh, better
SKHZ 1.9M sh
NAV per share
NVD $4.08
SKHZ $11.21
52W range

ETF.net Grade

NVD: Cost 55, Risk 40, Mission 99, Tradability 84, Holdings not scored, Durability 76. SKHZ: Cost 100, Risk 75, Mission not scored, Tradability 71, Holdings not scored, Durability 20.
Pillar letters and Scores for NVD, SKHZ, with each pillar’s weight
PillarNVDSKHZ
Cost30% weightB55A100Higher
Mission25% weightA99Not scored
Risk15% weightC40A75Higher
Tradability15% weightA84HigherA71
Holdings10% weightNot scoredNot scored
Durability5% weightA76HigherF20

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. NVD 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 ›

SKHZ ranks 3rd and NVD 14th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 86
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 84
  3. Rank 3ASKHZLeverage Shares 1X Short SK Hynix Daily ETFScore 81
  4. Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  5. Rank 13AMETDDirexion Daily META Bear 1X ETFScore 71
  6. Rank 14ANVDGraniteShares 2x Short NVDA Daily ETFScore 70
  7. Rank 15BNVDSTradr 1.5X Short NVDA Daily ETFScore 68

Our read on each fund

ETF.net Research

NVDAGraniteShares 2x Short NVDA Daily ETF

SKHZALeverage Shares 1X Short SK Hynix Daily ETF

In short

NVD The original two-for-one bear trade on NVIDIA. NVD aims for -2x NVDA's move each day, then resets at the close, and it changes hands constantly. Built for single sessions, not long holds.

SKHZ No data

Stated mandate

NVD The fund seeks daily investment results, before fees and expenses, equal to -2 times the daily percentage change in NVIDIA Corp. (NASDAQ: NVDA).

SKHZ No data

Why people hold it

  • NVD Out first: NVD listed in August 2023, roughly two months before the rival T-REX 2x inverse NVDA fund (NVDQ) began operations.sec.gov
  • It has stayed close to its stated -2x daily objective, and it sits in the upper half of its inverse single-stock peer group.
  • One of the most actively traded funds in its category, which generally shows up as tight spreads and easy fills intraday.
  • A plain 1940 Act ETF, so the short exposure sits in a normal brokerage account, no margin agreement or share borrow to arrange.sec.gov

SKHZ No data

Worth knowing

  • NVD Daily reset math: hold longer than a day and results can drift well away from -2x NVDA's move, with choppy stretches grinding hardest.sec.gov
  • 1.35% a year runs a touch above the typical inverse single-stock fund, a real drag on a position held for more than a few sessions.
  • Single-name risk, doubled and flipped. Every NVIDIA earnings gap or AI headline hits this fund at twice the size, and a rally cuts against it.

SKHZ No data

Full NVD profile⁠

Full SKHZ profile⁠

NVD 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.

NVD vs SKHZ Cost

Overpaying NVD vs SKHZ

$8,887

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

  • NVD 1.30%

    $23,369

  • SKHZ 0.75%

    $14,482

$10,000
30 years

Cost over time

  • NVD 1.30%
  • 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$25K051015202530NVD $23,369SKHZ $14,482

Year by year

YearNVDSKHZOverpaying
10$2,263$1,336$927
20$8,393$5,078$3,315
30$23,369$14,482$8,887

Expense ratio

  • 1.30%NVD
  • 0.75%SKHZ, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

SKHZ cheapest of 43 funds

NVD 26th cheapest of 43 funds

NVD vs SKHZ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NVD 19.09%
SKHZ No data
Payout (12M)
NVD $0.85
SKHZ None
Last payment
NVD $0.85
SKHZ No data
Ex-dividend
NVD Dec 29, 2025
SKHZ No data
Paid on
NVD Dec 31, 2025
SKHZ No data
Frequency
NVD Annual
SKHZ No data

Distribution history

Per share, 2023 to 2026, same scale for both

NVDAnnual · 3 paymentsAll NVD payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 27, 2023 $75.13; Dec 27, 2024 $2.61; Dec 29, 2025 $0.85. Use the arrow keys to read each point.$0$5020232026YTD
SKHZAll SKHZ payments⁠

No distribution history available.

NVD vs SKHZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NVD 59.9%SKHZ No data
Return per unit of riskSharpe ratio, 3 years
NVD −2.23SKHZ No data
Worst fallMax drawdown, 5 years
NVD −99.4%since Aug 2023SKHZ No data
Market sensitivityBeta, 5 years
NVD −2.90SKHZ 0.00

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