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SKHQ vs TSLS

Leverage Shares 2x Short SK Hynix Daily ETF

SKHQ—Cboe

Direxion Daily TSLA Bear 1X ETF

TSLSANasdaq

Overlap

0.0%by weight

Expense ratio

TSLS −0.04pt a year

SKHQ0.99%TSLS0.95%

Avg volume · 30D

TSLS 24.1×the volume

SKHQ17KTSLS410K

SKHQ vs TSLS Performance

Sep 30, 2026 – Oct 30, 2026

+28.7%SKHQ−11.7%TSLS

Sep 30, 2026 to Oct 30, 2026. SKHQ +28.7%. TSLS −11.7%. Use the arrow keys to read each point.0%40%60%80%Sep 30Oct 15Oct 30
Expense ratio
SKHQ 0.99%
TSLS 0.95%, better
Fund size
SKHQ $1M
TSLS $39M
1Y total return
SKHQ No data
TSLS +1.0%
Yield (12M)
SKHQ No data
TSLS 3.11%
Holdings
SKHQ 2
TSLS 4
Avg volume (30D)
SKHQ 17K sh
TSLS 410K sh, better
NAV per share
SKHQ $13.13
TSLS $50.04
52W range

ETF.net Grade

  • —SKHQNot yet graded
TSLS: Cost 97, Risk 75, Mission 87, Tradability 45, Holdings not scored, Durability 82.
Pillar letters and Scores for SKHQ, TSLS, with each pillar’s weight
PillarSKHQTSLS
Cost30% weightNot scoredA97
Mission25% weightNot scoredA87
Risk15% weightNot scoredA75
Tradability15% weightNot scoredC45
Holdings10% weightNot scoredNot scored
Durability5% weightNot scoredA82

Rank among Single-Stock Inverse funds

How we build Categories ›

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

TSLS ranks 3rd 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 5AAMZDDirexion Daily AMZN Bear 1X ETFScore 80
  6. SKHQNot yet graded

Our read on each fund

ETF.net Research

SKHQ—Leverage Shares 2x Short SK Hynix Daily ETF

TSLSADirexion Daily TSLA Bear 1X ETF

In short

SKHQ No data

TSLS The plain short on Tesla: TSLS aims for -1x the stock's daily move, with no leverage stacked on top. Among the small group of Tesla bear funds, it is the cheapest, and the one that dials risk down rather than up.

Stated mandate

SKHQ No data

TSLS The Fund seeks daily inverse investment results by maintaining short exposure to TSLA of approximately -100% of its net assets and generally rebalancing that exposure each trading day.

Why people hold it

SKHQ No data

  • TSLS Cheapest of the Tesla short funds at 0.95%, undercutting TSDD (1.13%) and TSLZ (1.05%), and running well below the typical inverse single-stock ETF.
  • Inverse, not leveraged inverse. One unit of short Tesla exposure per dollar, which keeps daily compounding drag milder than the -2x versions of the same trade.direxion.com
  • Trading since 2022 and one of the stronger implementations in the inverse single-stock crowd, with enough daily volume to make in-and-out trading practical.

Worth knowing

SKHQ No data

  • TSLS Exposure resets every trading day. Over any stretch longer than a day, Tesla's volatility compounds and results can drift well away from -1x the stock's move.direxion.com
  • Direxion calls it a short-term trading vehicle that is not appropriate for investors who will not actively monitor it.sec.gov
  • One company, one story. An earnings print, a product event or a headline about its CEO moves the whole position.

Full SKHQ profile⁠

Full TSLS profile⁠

SKHQ vs TSLS Holdings

How SKHQ and TSLS differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of SKHQ and 0.0% of TSLS.

Level by level

  • Asset classEquity, Leveraged/Inverse0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for SKHQ and TSLS.

Country, concentration and asset class

Country by domicile

No country split for TSLS.

Concentration

Weight in the 10 largest Holdings

  • SKHQ299.9%
  • TSLS4297.0%

Securities held

  • SKHQ1
  • TSLS2

Asset class

SKHQ
Equity
TSLS
Leveraged/Inverse

Holdings

  • Only in SKHQ1
  • In both0
  • Only in TSLS2

Only in SKHQ

1 security, 8.5% of SKHQ by weight

  • First American Treasury Obligations Fund 01/01/20408.54%

Only in TSLS

2 securities, 100% of TSLS by weight

  • Goldman Finl Sq Trsry Inst 506475.39%
  • Goldman Sachs Fin Gov 465 Institut463.73%

Weight gaps

SKHQ and TSLS share no securities.

All 4 SKHQ holdings⁠All 8 TSLS 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.

SKHQ vs TSLS Cost

Overpaying SKHQ vs TSLS

$656

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

  • SKHQ 0.99%

    $18,525

  • TSLS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • SKHQ 0.99%
  • TSLS 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SKHQ $18,525TSLS $17,869

Year by year

YearSKHQTSLSOverpaying
10$1,746$1,678$68
20$6,565$6,322$243
30$18,525$17,869$656

Expense ratio

  • 0.99%SKHQ
  • 0.95%TSLS, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSLS 2nd cheapest of 43 funds

SKHQ 6th cheapest of 43 funds

SKHQ vs TSLS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SKHQ No data
TSLS 3.11%
Payout (12M)
SKHQ None
TSLS $1.57
Last payment
SKHQ No data
TSLS $0.40
Ex-dividend
SKHQ No data
TSLS Sep 22, 2026
Paid on
SKHQ No data
TSLS Sep 29, 2026
Frequency
SKHQ No data
TSLS Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

SKHQAll SKHQ payments⁠

No distribution history available.

TSLSQuarterly · 18 paymentsAll TSLS payments⁠
One bar per payment. 18 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.23; Dec 8, 2022 $16.19; Dec 20, 2022 $0.56; Mar 21, 2023 $2.55; Jun 21, 2023 $1.86; Sep 19, 2023 $1.80; Dec 21, 2023 $2.29; Mar 19, 2024 $2.40; Jun 25, 2024 $1.68; Sep 24, 2024 $1.39; Dec 23, 2024 $0.66; Mar 25, 2025 $0.76; Jun 24, 2025 $0.53; Sep 23, 2025 $0.40; Dec 23, 2025 $0.49; Mar 24, 2026 $0.34; Jun 23, 2026 $0.34; Sep 22, 2026 $0.40. Use the arrow keys to read each point.$0$1020232026YTD

SKHQ vs TSLS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SKHQ No dataTSLS 51.7%
Return per unit of riskSharpe ratio, 3 years
SKHQ No dataTSLS −0.76
Worst fallMax drawdown, 5 years
SKHQ No dataTSLS −90.7%since Aug 2022
Market sensitivityBeta, 5 years
SKHQ 0.00TSLS −1.41

Popular comparisons

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