SKHLDirexion Daily SK Hynix Bull 2X ETF
Seeks daily investment results of 200% of the daily performance of SKHY.
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What's inside
How Beacon categorizes this fundAsset class
EquityStrategy
Leveraged
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results of 200% of the daily performance of SKHY.
- Strategy
- Invests at least 80% of net assets in the securities of SKHY and financial instruments, such as swaps and options, to achieve 2X daily leveraged exposure to SKHY.
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Your return drifts the longer you hold
Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.
Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-07-18