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SKHZ vs SMCZ

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZACboe

Daily Target 2X Short SMCI ETF

SMCZDNasdaq

Overlap

Expense ratio

SKHZ −0.80pt a year

SKHZ0.75%SMCZ1.55%

Avg volume · 30D

SMCZ 1.03×the volume

SKHZ1.9MSMCZ1.96M

SKHZ vs SMCZ Performance

Jul 31, 2026 – Oct 30, 2026

−15.5%SKHZ−58.6%SMCZ

Jul 31, 2026 to Oct 30, 2026. SKHZ −15.5%. SMCZ −58.6%. Use the arrow keys to read each point.−40%0%Jul 2026Sep 2026Oct 2026
Expense ratio
SKHZ 0.75%, better
SMCZ 1.55%
Fund size
SKHZ $4M
SMCZ $2M
1Y total return
SKHZ No data
SMCZ −86.9%
Holdings
SKHZ 2
SMCZ 2
Avg volume (30D)
SKHZ 1.9M sh
SMCZ 1.96M sh, better
NAV per share
SKHZ $11.21
SMCZ $5.99
52W range

ETF.net Grade

SKHZ: Cost 100, Risk 75, Mission not scored, Tradability 71, Holdings not scored, Durability 20. SMCZ: Cost 9, Risk 28, Mission 89, Tradability 23, Holdings not scored, Durability 38.
Pillar letters and Scores for SKHZ, SMCZ, with each pillar’s weight
PillarSKHZSMCZ
Cost30% weightA100HigherF9
Mission25% weightNot scoredA89
Risk15% weightA75HigherD28
Tradability15% weightA71HigherF23
Holdings10% weightNot scoredNot scored
Durability5% weightF20D38Higher

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. SKHZ and SMCZ 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 SMCZ 37th 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 36DQBTZDefiance Daily Target 2X Short QBTS ETFScore 39
  6. Rank 37DSMCZDaily Target 2X Short SMCI ETFScore 38
  7. Rank 38DCORDT-Rex 2x Inverse CRWV Daily Target ETFScore 36

Our read on each fund

ETF.net Research

SKHZALeverage Shares 1X Short SK Hynix Daily ETF

SMCZDDaily Target 2X Short SMCI ETF

In short

SKHZ No data

SMCZ Defiance's double-strength bear on Super Micro. SMCZ uses swaps to target -200% of SMCI's move each trading day, resetting daily: a trader's tool for taking the short side of the AI server trade without a margin account.

Stated mandate

SKHZ No data

SMCZ The Fund seeks daily inverse results equal to negative 200% of the daily percentage move in Super Micro Computer, Inc.'s common stock.

Why people hold it

SKHZ No data

  • SMCZ Swaps do the shorting: the fund targets -200% of SMCI's daily move, so a bearish view needs no margin account and no borrowed shares.defianceetfs.com
  • Double strength. Most single-stock bear ETFs stop at -1X (AAPD, TSLS, SKHZ); this one doubles the daily inverse on a single name.
  • Day to day, it has tracked its stated -200% target closely, which is the entire job of a daily-reset fund.
  • Busier tape than the asset base suggests: shares change hands actively for a fund this small.

Worth knowing

SKHZ No data

  • SMCZ At 1.55%, the fee sits above the category norm, and no waiver trims it. The 1X bears SKHZ (0.75%) and AAPD (0.96%) charge less for unleveraged short exposure.
  • The -200% target resets every day. Hold longer and compounding takes over, so multi-day results can land well away from -2x SMCI's move, especially in choppy stretches.defianceetfs.com
  • One stock, twice the inverse, small asset base. Single-name news drives everything here, and lightly funded leveraged funds are more prone to closure.

Full SKHZ profile⁠

Full SMCZ profile⁠

SKHZ vs SMCZ 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.

SKHZ vs SMCZ Cost

Overpaying SMCZ vs SKHZ

$12,505

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

  • SKHZ 0.75%

    $14,482

  • SMCZ 1.55%

    $26,987

$10,000
30 years

Cost over time

  • SKHZ 0.75%
  • SMCZ 1.55%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SMCZ $26,987SKHZ $14,482

Year by year

YearSKHZSMCZOverpaying
10$1,336$2,671$1,335
20$5,078$9,795$4,717
30$14,482$26,987$12,505

Expense ratio

  • 0.75%SKHZ, cheaper
  • 1.55%SMCZ
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

SKHZ cheapest of 43 funds

SMCZ 38th cheapest of 43 funds

SKHZ vs SMCZ Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
SKHZ None
SMCZ No data
Last payment
SKHZ No data
SMCZ $2.36
Ex-dividend
SKHZ No data
SMCZ Dec 30, 2025
Paid on
SKHZ No data
SMCZ Dec 31, 2025
Frequency
SKHZ No data
SMCZ Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

SKHZAll SKHZ payments⁠

No distribution history available.

SMCZIrregular · 1 paymentAll SMCZ payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $2.36. Use the arrow keys to read each point.$0$2.502026YTD

SKHZ vs SMCZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SKHZ No dataSMCZ 164.0%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
SKHZ No dataSMCZ −0.61since Apr 2025
Worst fallMax drawdown, 5 years
SKHZ No dataSMCZ −99.0%since Mar 2025
Market sensitivityBeta, 5 years
SKHZ 0.00SMCZ −7.25

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