ETF Evaluator: Leverage Shares 1X Shrt SK Hynix Dy ETF (SKHZ) Follow This ETF

Leverage Shares 1X Shrt SK Hynix Dy ETF Overview

Leverage Shares 1X Shrt SK Hynix Dy ETF (SKHZ) is an actively managed Miscellaneous Trading--Inverse Equity exchange-traded fund (ETF). Themes ETF Trust launched the ETF in 2026.

The investment seeks daily investment results, before fees and expenses, equal to -100% (the inverse) of the daily percentage change in the price of the ADR of SK Hynix. The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in the underlying security and financial instruments with economic characteristics that, in combination, provide inverse (-100%) exposure, on a daily basis, to the price of the underlying security, consistent with the fund’s investment objective. It is non-diversified.

About Leverage Shares 1X Shrt SK Hynix Dy ETF (SKHZ)

There are 3 members of the management team with an average tenure of 0.05 years: Dingxun(Kevin) Shao (2026), Calvin Tsang (2026) and Paul Bartkowiak (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

Leverage Shares 1X Shrt SK Hynix Dy ETF has 7 securities in its portfolio. The top 10 holdings constitute 144.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Leverage Shares 1X Shrt SK Hynix Dy ETF is part of the Other global asset class and is within the Miscellaneous ETF group. Leverage Shares 1X Shrt SK Hynix Dy ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -93.1% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Leverage Shares 1X Shrt SK Hynix Dy ETF has 195.2% of the portfolio in cash.

Assets Under Management

The fund has $4 million in total assets, which is below the $75 million average for the Trading--Inverse Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

SKHZ Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Leverage Shares 1X Shrt SK Hynix Dy ETF expense ratio is above average compared to funds in the Trading--Inverse Equity category. Leverage Shares 1X Shrt SK Hynix Dy ETF has an expense ratio of 0.75%, which is 35% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Leverage Shares 1X Shrt SK Hynix Dy ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 1085% for the Trading--Inverse Equity category.

Recently, in the month of July 2026, Leverage Shares 1X Shrt SK Hynix Dy ETF returned 0.0%, which earned it a grade of NA, as the Trading--Inverse Equity category had an average return of 7.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Leverage Shares 1X Shrt SK Hynix Dy ETF has a trailing yield of 0.00%, which is below the 5.32% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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