SKHL vs. BLSG

Last updated Jul 29, 2026

SKHL (Direxion Daily SK Hynix Bull 2X ETF) and BLSG (Leverage Shares 2X Long BLSH Daily ETF) are both Leveraged Equities funds. SKHL is passively managed, while BLSG is actively managed. Their 0.73 correlation means they have sometimes moved together and sometimes differently. SKHL charges 0.97%/yr vs 0.75%/yr for BLSG.

Performance

SKHL vs. BLSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily SK Hynix Bull 2X ETF (SKHL) and Leverage Shares 2X Long BLSH Daily ETF (BLSG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SKHL

• 1D: -11.82%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BLSG

• 1D: -0.72%
• 1M: -10.27%
• 6M: -71.10%
• YTD: -76.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLSG Leverage Shares 2X Long BLSH Daily ETF	$285.41K	$223.72K	$308.57K
SKHL Direxion Daily SK Hynix Bull 2X ETF	$18.07M	$16.88M	$16.88M

SKHL vs. BLSG - Yearly Performance Comparison

	2026 (YTD)
SKHL Direxion Daily SK Hynix Bull 2X ETF	-49.35%
BLSG Leverage Shares 2X Long BLSH Daily ETF	-19.67%

Correlation

The correlation between SKHL and BLSG is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2026	0.73

Return for Risk

SKHL vs. BLSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SK Hynix Bull 2X ETF (SKHL) and Leverage Shares 2X Long BLSH Daily ETF (BLSG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

SKHL vs. BLSG - Drawdown Comparison

The maximum SKHL drawdown since its inception was -49.35%, smaller than the maximum BLSG drawdown of -90.65%. Use the drawdown chart below to compare losses from any high point for SKHL and BLSG.

Drawdown Indicators

	SKHL	BLSG	Difference
Max Drawdown Largest peak-to-trough decline	-49.35%	-90.65%	+41.30%
Current Drawdown Current decline from peak	-49.35%	-90.58%	+41.23%
Average Drawdown Average peak-to-trough decline	-28.05%	-65.27%	+37.22%

Volatility

Volatility by Period

	SKHL	BLSG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	235.16%	146.86%	+88.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	235.16%	146.86%	+88.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	235.16%	146.86%	+88.30%

SKHL vs. BLSG - Expense Ratio Comparison

SKHL has a 0.97% expense ratio, which is higher than BLSG's 0.75% expense ratio.

Dividends

SKHL vs. BLSG - Dividend Comparison

Neither SKHL nor BLSG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SKHL and BLSG in my portfolio?

SKHL and BLSG have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SKHL or BLSG?

On fees, BLSG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SKHL or BLSG?

BLSG is cheaper with a 0.75% expense ratio, compared with 0.97% for SKHL.

Which ETF pays a higher dividend yield, SKHL or BLSG?

SKHL and BLSG have nearly identical dividend yields, around 0.00%.

What is the main difference between SKHL and BLSG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for SKHL and 0.75% for BLSG.