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PALD vs SKHZ

Direxion Daily PANW Bear 1X ETF

PALDCNasdaq

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZCCboe

Overlap

Expense ratio

SKHZ −0.27pt a year

PALD1.02%SKHZ0.75%

Avg volume · 30D

SKHZ 17.4×the volume

PALD109KSKHZ1.9M

PALD vs SKHZ Performance

Aug 7, 2026 – Nov 9, 2026

+0.4%PALD−11.2%SKHZ

Aug 7, 2026 to Nov 9, 2026. PALD +0.4%. SKHZ −11.2%. Use the arrow keys to read each point.−30%−20%Aug 2026Sep 2026Nov 2026
Expense ratio
PALD 1.02%
SKHZ 0.75%, better
Fund size
PALD $4M
SKHZ $7M
1Y total return
PALD −47.6%
SKHZ No data
Yield (12M)
PALD 4.95%
SKHZ No data
Holdings
PALD 4
SKHZ 2
Avg volume (30D)
PALD 109K sh
SKHZ 1.9M sh, better
NAV per share
PALD $11.37
SKHZ $12.85
52W range

ETF.net Grade

PALD: Cost 78, Risk 48, Mission 93, Tradability 29, Holdings not scored, Durability 52. SKHZ: Cost 100, Risk 80, Mission not scored, Tradability 72, Holdings not scored, Durability 27.
Pillar letters and Scores for PALD, SKHZ, with each pillar’s weight
PillarPALDSKHZ
Cost30% weightA78A100Higher
Mission25% weightA93Not scored
Risk15% weightC48A80Higher
Tradability15% weightD29A72Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC52HigherD27

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. PALD 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 ›

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

  1. Rank 27CNFXSDirexion Daily NFLX Bear 1X ETFScore 40
  2. Rank 27CPALDDirexion Daily PANW Bear 1X ETFScore 40
  3. Rank 27CQCMDDirexion Daily QCOM Bear 1X SharesScore 40
  4. Rank 27CRKLZDefiance Daily Target 2X Short RKLB ETFScore 40
  5. Rank 27CSKHZLeverage 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

PALDCDirexion Daily PANW Bear 1X ETF

SKHZCLeverage Shares 1X Short SK Hynix Daily ETF

In short

PALD Short Palo Alto Networks in one ticker. PALD targets -100% of PANW's move each trading day, held through swaps rather than borrowed shares, with no leverage stacked on top. A one-day tool by design.

SKHZ No data

Stated mandate

PALD The fund seeks daily investment results equal to 100% of the inverse performance of Palo Alto Networks, Inc. common shares, before fees and expenses.

SKHZ No data

Why people hold it

  • PALD Unleveraged inverse: a 1% up day in PANW means roughly a 1% down day for the fund before fees. No 2x or 3x amplifier on the trade.
  • Costs 1.02% net of a waiver through September 1, 2027, against a 2.33% gross ratio, and that lands below the category median fee.direxion.com
  • Exposure runs through swap agreements with major global financial institutions, rebalanced daily, so there is no stock borrow to arrange yourself.sec.gov
  • Day to day it has stayed close to its stated inverse target, which is the whole job of a one-day fund.

SKHZ No data

Worth knowing

  • PALD Daily reset: hold past one session and returns compound off each close, so a choppy stretch can land far from the simple inverse of PANW's move.sec.gov
  • One stock, no diversification. A PANW earnings gap arrives in full overnight, before the market reopens.sec.gov
  • Small fund with moderate volume, so spreads can widen in fast markets. The waiver ends September 1, 2027; without renewal the 2.33% gross applies.

SKHZ No data

Full PALD profile⁠

Full SKHZ profile⁠

PALD 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.

PALD vs SKHZ Cost

Overpaying PALD vs SKHZ

$4,530

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

  • PALD 1.02%

    $19,012

  • SKHZ 0.75%

    $14,482

$10,000
30 years

Cost over time

  • PALD 1.02%
  • 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$20K051015202530PALD $19,012SKHZ $14,482

Year by year

YearPALDSKHZOverpaying
10$1,797$1,336$461
20$6,746$5,078$1,668
30$19,012$14,482$4,530

Expense ratio

  • 1.02%PALD
  • 0.75%SKHZ, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

SKHZ cheapest of 43 funds

PALD 12th cheapest of 43 funds

PALD vs SKHZ Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
PALD 4.95%
SKHZ No data
Payout (12M)
PALD $0.53
SKHZ None
Last payment
PALD $0.10
SKHZ No data
Ex-dividend
PALD Sep 22, 2026
SKHZ No data
Paid on
PALD Sep 29, 2026
SKHZ No data
Frequency
PALD Quarterly
SKHZ No data

Distribution history

Per share, 2025 to 2026, same scale for both

PALDQuarterly · 5 paymentsAll PALD payments⁠
One bar per payment. 5 payments from 2025 to 2026 YTD. Jun 24, 2025 $0.20; Sep 23, 2025 $0.19; Dec 23, 2025 $0.40; Jun 23, 2026 $0.04; Sep 22, 2026 $0.10. Use the arrow keys to read each point.$0$0.252026YTD
SKHZAll SKHZ payments⁠

No distribution history available.

PALD vs SKHZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PALD 46.1%since Apr 2025SKHZ No data
Return per unit of riskSharpe ratio, 3 years
PALD −1.16since Apr 2025SKHZ No data
Worst fallMax drawdown, 5 years
PALD −70.9%since Mar 2025SKHZ No data
Market sensitivityBeta, 5 years
PALD −1.01SKHZ −6.28

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