BITK vs. SKRE
BITK (Tuttle Capital Bitcoin 0DTE Covered Call ETF) and SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) are both exchange-traded funds - BITK is a Derivative Income fund actively managed by Tuttle, while SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry. BITK is actively managed, while SKRE is passively managed. Their -0.19 correlation means they have often moved in opposite directions in the past. BITK charges 0.99%/yr vs 0.75%/yr for SKRE.
Performance
BITK vs. SKRE - Performance Comparison
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Returns By Period
In the year-to-date period, BITK achieves a -30.37% return, which is significantly higher than SKRE's -33.64% return.
BITK
- 1D
- 0.00%
- 1M
- 3.70%
- 6M
- -25.97%
- YTD
- -30.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SKRE
- 1D
- -0.47%
- 1M
- -3.55%
- 6M
- -24.32%
- YTD
- -33.64%
- 1Y
- -49.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $4.50K | $39.97K | |
| $138.55K | $152.58K | $246.42K |
BITK vs. SKRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | -30.37% | -27.15% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -33.64% | -7.16% |
Correlation
The correlation between BITK and SKRE is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | -0.19 |
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Return for Risk
BITK vs. SKRE — Risk / Return Rank
BITK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SKRE
BITK vs. SKRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) and Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE). 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.
| BITK | SKRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.82 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.92 | — |
| Martin ratioReturn relative to average drawdown | — | -1.55 | — |
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Drawdowns
BITK vs. SKRE - Drawdown Comparison
The maximum BITK drawdown since its inception was -57.48%, smaller than the maximum SKRE drawdown of -79.33%. Use the drawdown chart below to compare losses from any high point for BITK and SKRE.
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Drawdown Indicators
| BITK | SKRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.48% | -79.33% | +21.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -51.44% | — |
Current DrawdownCurrent decline from peak | -53.75% | -78.48% | +24.73% |
Average DrawdownAverage peak-to-trough decline | -38.35% | -49.04% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.59% | — |
Volatility
BITK vs. SKRE - Volatility Comparison
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Volatility by Period
| BITK | SKRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 30.36% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.91% | 46.00% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.91% | 54.78% | -7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.91% | 54.78% | -7.87% |
BITK vs. SKRE - Expense Ratio Comparison
BITK has a 0.99% expense ratio, which is higher than SKRE's 0.75% expense ratio.
Dividends
BITK vs. SKRE - Dividend Comparison
BITK's dividend yield for the trailing twelve months is around 49.49%, more than SKRE's 0.39% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | 49.49% | 23.15% | 0.00% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.39% | 0.26% | 3.16% |
Frequently Asked Questions
BITK and SKRE have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SKRE is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SKRE is cheaper with a 0.75% expense ratio, compared with 0.99% for BITK.
BITK has the higher dividend yield at 49.49%, compared with 0.39% for SKRE.
BITK is categorized as Derivative Income, while SKRE is Inverse Equities. Their fees differ too: 0.99% for BITK and 0.75% for SKRE.
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