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SKHZ vs TSLZ

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZCCboe

T-REX 2X Inverse Tesla Daily Target ETF

TSLZBCboe

Overlap

Expense ratio

SKHZ −0.30pt a year

SKHZ0.75%TSLZ1.05%

Avg volume · 30D

TSLZ 1.3×the volume

SKHZ1.9MTSLZ2.47M

SKHZ vs TSLZ Performance

Aug 6, 2026 – Nov 6, 2026

−2.2%SKHZ−31.8%TSLZ

Aug 6, 2026 to Nov 6, 2026. SKHZ −2.2%. TSLZ −31.8%. Use the arrow keys to read each point.−40%−20%−10%Aug 2026Sep 2026Nov 2026
Expense ratio
SKHZ 0.75%, better
TSLZ 1.05%
Fund size
SKHZ $7M
TSLZ $31M
1Y total return
SKHZ No data
TSLZ −14.3%
Yield (12M)
SKHZ No data
TSLZ 0.73%
Holdings
SKHZ 2
TSLZ 2
Avg volume (30D)
SKHZ 1.9M sh
TSLZ 2.47M sh, better
NAV per share
SKHZ $12.85
TSLZ $12.13
52W range

ETF.net Grade

SKHZ: Cost 100, Risk 80, Mission not scored, Tradability 71, Holdings not scored, Durability 27. TSLZ: Cost 65, Risk 50, Mission 100, Tradability 45, Holdings not scored, Durability 64.
Pillar letters and Scores for SKHZ, TSLZ, with each pillar’s weight
PillarSKHZTSLZ
Cost30% weightA100HigherB65
Mission25% weightNot scoredA100
Risk15% weightA80HigherC50
Tradability15% weightA71HigherC45
Holdings10% weightNot scoredNot scored
Durability5% weightD27B64Higher

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 TSLZ 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 ›

TSLZ ranks 14th and SKHZ 27th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 12ANVDGraniteShares 2x Short NVDA Daily ETFScore 70
  2. Rank 14BTSLZT-REX 2X Inverse Tesla Daily Target ETFScore 68
  3. Rank 15BNVDSTradr 1.5X Short NVDA Daily ETFScore 67
  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

SKHZCLeverage Shares 1X Short SK Hynix Daily ETF

TSLZBT-REX 2X Inverse Tesla Daily Target ETF

In short

SKHZ No data

TSLZ Shorting Tesla without a margin account. TSLZ uses swaps to aim for -2x Tesla's move each trading day, resets at the close, and is the cheaper of the two double-short Tesla funds. Built for day-scale trades, not the long haul.

Stated mandate

SKHZ No data

TSLZ The Fund seeks daily investment results equal to -200% of the daily performance of Tesla, Inc., before fees and expenses. It is intended as a short-term trading vehicle and is not designed to track Tesla over periods longer than one trading day.

Why people hold it

SKHZ No data

  • TSLZ At 1.05%, it's the cheaper of the two double-short Tesla ETFs (TSDD charges 1.13%) and sits below the typical fee in the leveraged single-stock bear group.
  • Total return swaps with major financial institutions do the work, so the -2x Tesla exposure arrives in a plain brokerage account: no share borrow, no locate.sec.gov
  • Actively traded, and it has tracked its stated -2x daily target closely, one of the stronger implementations among leveraged single-stock bear funds.

Worth knowing

SKHZ No data

  • TSLZ Daily reset: the -2x target applies to one session. Hold longer and compounding pushes the result away from -2x Tesla's move over that stretch.
  • Twice the daily move in both directions. For less octane, Direxion's TSLS targets -1x on Tesla at 0.95%.
  • The prospectus calls it a short-term trading vehicle, and swap exposure means counterparty risk rather than borrowed shares.sec.gov

Full SKHZ profile⁠

Full TSLZ profile⁠

SKHZ vs TSLZ 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 TSLZ Cost

Overpaying TSLZ vs SKHZ

$5,013

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

  • SKHZ 0.75%

    $14,482

  • TSLZ 1.05%

    $19,495

$10,000
30 years

Cost over time

  • SKHZ 0.75%
  • TSLZ 1.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TSLZ $19,495SKHZ $14,482

Year by year

YearSKHZTSLZOverpaying
10$1,336$1,847$511
20$5,078$6,927$1,849
30$14,482$19,495$5,013

Expense ratio

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

SKHZ cheapest of 43 funds

TSLZ 20th cheapest of 43 funds

SKHZ vs TSLZ Dividends

Last 12 months to Nov 6, 2026
Yield (12M)
SKHZ No data
TSLZ 0.73%
Payout (12M)
SKHZ None
TSLZ $0.08
Last payment
SKHZ No data
TSLZ $0.08
Ex-dividend
SKHZ No data
TSLZ Dec 24, 2025
Paid on
SKHZ No data
TSLZ Dec 26, 2025
Frequency
SKHZ No data
TSLZ Annual

Distribution history

Per share, 2023 to 2026, same scale for both

SKHZAll SKHZ payments⁠

No distribution history available.

TSLZAnnual · 3 paymentsAll TSLZ payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 26, 2023 $55.18; Dec 24, 2024 $1.04; Dec 24, 2025 $0.08. Use the arrow keys to read each point.$0$5020232026YTD

SKHZ vs TSLZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SKHZ No dataTSLZ 103.6%
Return per unit of riskSharpe ratio, 3 years
SKHZ No dataTSLZ −0.87
Worst fallMax drawdown, 5 years
SKHZ No dataTSLZ −99.2%since Oct 2023
Market sensitivityBeta, 5 years
SKHZ −6.28TSLZ −2.32

SKHZ and TSLZ in the news

All news⁠

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