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SKHZ vs TSLS

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZACboe

Direxion Daily TSLA Bear 1X ETF

TSLSANasdaq

Overlap

Expense ratio

SKHZ −0.20pt a year

SKHZ0.75%TSLS0.95%

Avg volume · 30D

SKHZ 4.6×the volume

SKHZ1.9MTSLS410K

SKHZ vs TSLS Performance

Jul 31, 2026 – Oct 30, 2026

−15.5%SKHZ−23.8%TSLS

Jul 31, 2026 to Oct 30, 2026. SKHZ −15.5%. TSLS −23.8%. Use the arrow keys to read each point.−30%−10%0%Jul 2026Sep 2026Oct 2026
Expense ratio
SKHZ 0.75%, better
TSLS 0.95%
Fund size
SKHZ $4M
TSLS $39M
1Y total return
SKHZ No data
TSLS +1.0%
Yield (12M)
SKHZ No data
TSLS 3.11%
Holdings
SKHZ 2
TSLS 4
Avg volume (30D)
SKHZ 1.9M sh, better
TSLS 410K sh
NAV per share
SKHZ $11.21
TSLS $50.04
52W range

ETF.net Grade

SKHZ: Cost 100, Risk 75, Mission not scored, Tradability 71, Holdings not scored, Durability 20. TSLS: Cost 97, Risk 75, Mission 87, Tradability 45, Holdings not scored, Durability 82.
Pillar letters and Scores for SKHZ, TSLS, with each pillar’s weight
PillarSKHZTSLS
Cost30% weightA100HigherA97
Mission25% weightNot scoredA87
Risk15% weightA75A75
Tradability15% weightA71HigherC45
Holdings10% weightNot scoredNot scored
Durability5% weightF20A82Higher

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 TSLS 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 TSLS 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

Our read on each fund

ETF.net Research

SKHZALeverage Shares 1X Short SK Hynix Daily ETF

TSLSADirexion Daily TSLA Bear 1X ETF

In short

SKHZ 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

SKHZ 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

SKHZ 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

SKHZ 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 SKHZ profile⁠

Full TSLS profile⁠

SKHZ vs 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.

SKHZ vs TSLS Cost

Overpaying TSLS vs SKHZ

$3,387

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

  • SKHZ 0.75%

    $14,482

  • TSLS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • SKHZ 0.75%
  • 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$20K051015202530TSLS $17,869SKHZ $14,482

Year by year

YearSKHZTSLSOverpaying
10$1,336$1,678$342
20$5,078$6,322$1,244
30$14,482$17,869$3,387

Expense ratio

  • 0.75%SKHZ, cheaper
  • 0.95%TSLS
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

SKHZ cheapest of 43 funds

TSLS 2nd cheapest of 43 funds

SKHZ vs TSLS Dividends

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

Distribution history

Per share, 2022 to 2026, same scale for both

SKHZAll SKHZ 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

SKHZ vs TSLS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

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

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