Skip to content
etf.net

RKLZ vs SKHZ

Defiance Daily Target 2X Short RKLB ETF

RKLZCNasdaq

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZACboe

Overlap

Expense ratio

SKHZ −0.54pt a year

RKLZ1.29%SKHZ0.75%

Avg volume · 30D

RKLZ 1.5×the volume

RKLZ2.82MSKHZ1.9M

RKLZ vs SKHZ Performance

Jul 31, 2026 – Oct 30, 2026

−11.9%RKLZ−15.5%SKHZ

Jul 31, 2026 to Oct 30, 2026. RKLZ −11.9%. SKHZ −15.5%. Use the arrow keys to read each point.−40%−30%0%10%Jul 2026Sep 2026Oct 2026
Expense ratio
RKLZ 1.29%
SKHZ 0.75%, better
Fund size
RKLZ $3M
SKHZ $4M
Holdings
RKLZ 1
SKHZ 2
Avg volume (30D)
RKLZ 2.82M sh, better
SKHZ 1.9M sh
NAV per share
RKLZ $21.63
SKHZ $11.21
52W range

ETF.net Grade

RKLZ: Cost 55, Risk 12, Mission 99, Tradability 45, Holdings not scored, Durability 37. SKHZ: Cost 100, Risk 75, Mission not scored, Tradability 71, Holdings not scored, Durability 20.
Pillar letters and Scores for RKLZ, SKHZ, with each pillar’s weight
PillarRKLZSKHZ
Cost30% weightB55A100Higher
Mission25% weightA99Not scored
Risk15% weightF12A75Higher
Tradability15% weightC45A71Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD37HigherF20

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. RKLZ 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 RKLZ 28th 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 28CRGTZDefiance Daily Target 2X Short RGTI ETFScore 40
  6. Rank 28CRKLZDefiance Daily Target 2X Short RKLB ETFScore 40
  7. Rank 28CTSMZDirexion Daily TSM Bear 1X ETFScore 40

Our read on each fund

ETF.net Research

RKLZCDefiance Daily Target 2X Short RKLB ETF

SKHZALeverage Shares 1X Short SK Hynix Daily ETF

In short

RKLZ Nearly every inverse single-stock ETF points at a mega-cap. Defiance aimed this one at a rocket builder: RKLZ seeks -2x Rocket Lab's daily move, reset each day. A one-session tool on one of the market's twitchiest space names.

SKHZ No data

Stated mandate

RKLZ The fund seeks amplified inverse daily exposure to the common stock of Rocket Lab Corporation.

SKHZ No data

Why people hold it

  • RKLZ A rare short target. Inverse single-stock funds cluster around mega-caps (AAPD, TSLS, MSFD); this one takes the other side of Rocket Lab, no margin account or borrowed shares required.
  • Simple, single job: -2x of RKLB's daily move, exposure reset each morning. The fund has hewed closely to that stated daily target.defianceetfs.com
  • Actively traded for a young fund, which matters when the intended holding period is a single session.

SKHZ No data

Worth knowing

  • RKLZ The daily reset compounds. Hold past a day and results can diverge sharply from -2x the stock's move over that stretch, and choppy trading erodes value.
  • 1.29% a year is standard for leveraged single-stock funds, but above inverse peers such as TSLS (0.95%) and AAPD (0.96%).
  • Launched November 2025 with a small asset base and no distributions, so there is little track record and less scale than long-running peers.

SKHZ No data

Full RKLZ profile⁠

Full SKHZ profile⁠

RKLZ 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.

RKLZ vs SKHZ Cost

Overpaying RKLZ vs SKHZ

$8,737

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

  • RKLZ 1.29%

    $23,219

  • SKHZ 0.75%

    $14,482

$10,000
30 years

Cost over time

  • RKLZ 1.29%
  • 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$25K051015202530RKLZ $23,219SKHZ $14,482

Year by year

YearRKLZSKHZOverpaying
10$2,247$1,336$911
20$8,335$5,078$3,257
30$23,219$14,482$8,737

Expense ratio

  • 1.29%RKLZ
  • 0.75%SKHZ, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

SKHZ cheapest of 43 funds

RKLZ 25th cheapest of 43 funds

RKLZ vs SKHZ Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
RKLZ None
SKHZ None

Distribution history

RKLZAll RKLZ payments⁠

No distribution history available.

SKHZAll SKHZ payments⁠

No distribution history available.

RKLZ vs SKHZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
RKLZ −5.24SKHZ 0.00

Popular comparisons

  • RKLZCvsAAPDA

    Defiance Daily Target 2X Short RKLB ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
    1.29% · 0.96%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SKHZAvsAAPDA

    Leverage Shares 1X Short SK Hynix Daily ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
    0.75% · 0.96%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • RKLZCvsTSDDA

    Defiance Daily Target 2X Short RKLB ETF · GraniteShares 2x Short TSLA Daily ETF

    Expense ratio
    1.29% · 0.98%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SKHZAvsTSDDA

    Leverage Shares 1X Short SK Hynix Daily ETF · GraniteShares 2x Short TSLA Daily ETF

    Expense ratio
    0.75% · 0.98%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • RKLZCvsTSLSA

    Defiance Daily Target 2X Short RKLB ETF · Direxion Daily TSLA Bear 1X ETF

    Expense ratio
    1.29% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SKHZAvsTSLSA

    Leverage Shares 1X Short SK Hynix Daily ETF · Direxion Daily TSLA Bear 1X ETF

    Expense ratio
    0.75% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.