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SKHZ vs TSMZ

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZACboe

Direxion Daily TSM Bear 1X ETF

TSMZCNasdaq

Overlap

Expense ratio

SKHZ −0.26pt a year

SKHZ0.75%TSMZ1.01%

Avg volume · 30D

SKHZ 18.2×the volume

SKHZ1.9MTSMZ104K

SKHZ vs TSMZ Performance

Jul 31, 2026 – Oct 30, 2026

−15.5%SKHZ−1.3%TSMZ

Jul 31, 2026 to Oct 30, 2026. SKHZ −15.5%. TSMZ −1.3%. Use the arrow keys to read each point.−30%−20%−10%Jul 2026Sep 2026Oct 2026
Expense ratio
SKHZ 0.75%, better
TSMZ 1.01%
Fund size
SKHZ $4M
TSMZ $3M
1Y total return
SKHZ No data
TSMZ −33.5%
Yield (12M)
SKHZ No data
TSMZ 3.95%
Holdings
SKHZ 2
TSMZ 3
Avg volume (30D)
SKHZ 1.9M sh, better
TSMZ 104K sh
NAV per share
SKHZ $11.21
TSMZ $7.54
52W range

ETF.net Grade

SKHZ: Cost 100, Risk 75, Mission not scored, Tradability 71, Holdings not scored, Durability 20. TSMZ: Cost 78, Risk 56, Mission 96, Tradability 21, Holdings not scored, Durability 51.
Pillar letters and Scores for SKHZ, TSMZ, with each pillar’s weight
PillarSKHZTSMZ
Cost30% weightA100HigherA78
Mission25% weightNot scoredA96
Risk15% weightA75HigherB56
Tradability15% weightA71HigherF21
Holdings10% weightNot scoredNot scored
Durability5% weightF20C51Higher

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 TSMZ 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 TSMZ 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 28CRKLZDefiance Daily Target 2X Short RKLB ETFScore 40
  6. Rank 28CTSMZDirexion Daily TSM Bear 1X ETFScore 40
  7. Rank 36DQBTZDefiance Daily Target 2X Short QBTS ETFScore 39

Our read on each fund

ETF.net Research

SKHZALeverage Shares 1X Short SK Hynix Daily ETF

TSMZCDirexion Daily TSM Bear 1X ETF

In short

SKHZ No data

TSMZ A one-to-one short on the world's biggest chip foundry. TSMZ aims to deliver 100% of the inverse of Taiwan Semiconductor's daily move, with no leverage stacked on top, at 1.01% net of a waiver through September 1, 2027.

Stated mandate

SKHZ No data

TSMZ The fund seeks daily investment results equal to 100% of the inverse performance of Taiwan Semiconductor Manufacturing Co Ltd common shares, before fees and expenses.

Why people hold it

SKHZ No data

  • TSMZ Straight -1x, not 2x or 3x. The fund targets 100% of the inverse of TSM's daily move before fees, so a day's result is sized to the stock itself.direxion.com
  • 1.01% net of a waiver through September 1, 2027 (1.47% gross) runs below the median of its 54-fund category, and a shade under Direxion's AVS at 1.03% net of a waiver through September 1, 2027.
  • On the one thing a daily product has to do, it delivers: measured results have tracked the stated inverse target tightly since the October 2024 launch.

Worth knowing

SKHZ No data

  • TSMZ The target resets every day. Over longer holds, the path TSM takes matters as much as where it lands, and volatility compounds against you.direxion.com
  • One of the smaller and less actively traded names in its peer group, so spreads and order sizing deserve more attention than with the headline single-stock shorts.
  • One stock, no cushion. Direxion's own materials note these funds track a single stock rather than an index, "eliminating the benefits of diversification."direxion.com

Full SKHZ profile⁠

Full TSMZ profile⁠

SKHZ vs TSMZ 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 TSMZ Cost

Overpaying TSMZ vs SKHZ

$4,368

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

  • SKHZ 0.75%

    $14,482

  • TSMZ 1.01%

    $18,850

$10,000
30 years

Cost over time

  • SKHZ 0.75%
  • TSMZ 1.01%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TSMZ $18,850SKHZ $14,482

Year by year

YearSKHZTSMZOverpaying
10$1,336$1,780$444
20$5,078$6,686$1,608
30$14,482$18,850$4,368

Expense ratio

  • 0.75%SKHZ, cheaper
  • 1.01%TSMZ
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

SKHZ cheapest of 43 funds

TSMZ 10th cheapest of 43 funds

SKHZ vs TSMZ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SKHZ No data
TSMZ 3.95%
Payout (12M)
SKHZ None
TSMZ $0.32
Last payment
SKHZ No data
TSMZ $0.07
Ex-dividend
SKHZ No data
TSMZ Sep 22, 2026
Paid on
SKHZ No data
TSMZ Sep 29, 2026
Frequency
SKHZ No data
TSMZ Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

SKHZAll SKHZ payments⁠

No distribution history available.

TSMZQuarterly · 8 paymentsAll TSMZ payments⁠
One bar per payment. 8 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.19; Mar 25, 2025 $0.25; Jun 24, 2025 $0.12; Sep 23, 2025 $0.11; Dec 23, 2025 $0.11; Mar 24, 2026 $0.08; Jun 23, 2026 $0.06; Sep 22, 2026 $0.07. Use the arrow keys to read each point.$0$0.252026YTD

SKHZ vs TSMZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SKHZ No dataTSMZ 34.4%since Nov 2024
Return per unit of riskSharpe ratio, 3 years
SKHZ No dataTSMZ −1.35since Nov 2024
Worst fallMax drawdown, 5 years
SKHZ No dataTSMZ −75.1%since Oct 2024
Market sensitivityBeta, 5 years
SKHZ 0.00TSMZ −1.25

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