Direxion Daily SK Hynix Bull 2X ETF (SKHL) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SKHL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SKHL
SKHL charges 0.97% annually. There are 194 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 43.76M | Mar 2026 | SKHL vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.07M | Sep 2021 | SKHL vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 248.03M | May 2014 | SKHL vs SPUU | |
| Leverage Shares 2X Long BLSH Daily ETF | 0.75% | 1.48M | Oct 2025 | SKHL vs BLSG | |
| Leverage Shares 2X Long PLTR Daily ETF | 0.75% | 25.69M | Apr 2025 | SKHL vs PLTG |
Best Risk-Adjusted Alternatives to SKHL
Among 281 ETFs in the Leveraged Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 98 | 5.63B | Oct 2024 | SKHL vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 750.99M | Nov 2024 | SKHL vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.69M | Apr 2021 | SKHL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 96 | 20.17M | Apr 2021 | SKHL vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 96 | 404.11M | Feb 2025 | SKHL vs INTW |
Top Performing SKHL Alternatives (YTD)
Among 390 ETFs in the Leveraged Equities category with YTD return data, the top-performing alternatives shown here go as high as 581.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 581.40% | 129.06M | Feb 2025 | SKHL vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 390.08% | 5.63B | Oct 2024 | SKHL vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 376.36% | 750.99M | Nov 2024 | SKHL vs MULL | |
| Leverage Shares 2X Long OSCR Daily ETF | 246.19% | 1.25M | Nov 2025 | SKHL vs OSCG | |
| Direxion Daily INTC Bull 2X Shares | 235.99% | 75.25M | Nov 2025 | SKHL vs LINT |
Lowest Volatility Alternatives to SKHL
SKHL has 235.16% 1-year volatility. There are 442 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.82%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.82% | 22.69M | Apr 2021 | SKHL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.37% | 20.17M | Apr 2021 | SKHL vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.52% | 13.25M | Jul 2021 | SKHL vs XTJL | |
| Innovator US Equity Accelerated ETF | 10.67% | 69.34M | Apr 2021 | SKHL vs XDSQ | |
| Innovator Growth Accelerated Plus ETF - July | 11.04% | 20.96M | Jul 2021 | SKHL vs QTJL |
Lowest Drawdown Alternatives to SKHL
Among 282 ETFs in the Leveraged Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.69M | Apr 2021 | SKHL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 20.17M | Apr 2021 | SKHL vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.25M | Jul 2021 | SKHL vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 20.96M | Jul 2021 | SKHL vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.34M | Apr 2021 | SKHL vs XDSQ |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TECL and span 9 categories. AUM among these funds goes as high as $23B.
Compare SKHL with Any Fund or Stock
Compare SKHL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SKHL with funds that move differently
Direxion Daily SK Hynix Bull 2X ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SKHL.
Explore SKHL Diversifiers