DPST vs. SKRE
DPST (Direxion Daily Regional Banks Bull 3X Shares) and SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) are both exchange-traded funds - DPST is a Leveraged Equities fund tracking the Solactive US Regional Banks Total Return Index (300%), while SKRE is a Large Cap Blend Equities fund tracking the S&P Regional Banks Select Industry. Both are passively managed. Over the past year, DPST returned 37.91% vs -39.81% for SKRE. At a correlation of -0.99, they often move in opposite directions. DPST charges 0.99%/yr vs 0.75%/yr for SKRE.
Performance
DPST vs. SKRE - Performance Comparison
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Returns By Period
In the year-to-date period, DPST achieves a 4.97% return, which is significantly higher than SKRE's -14.51% return.
DPST
- 1D
- -7.03%
- 1M
- -6.52%
- YTD
- 4.97%
- 6M
- 6.73%
- 1Y
- 37.91%
- 3Y*
- 23.22%
- 5Y*
- -26.61%
- 10Y*
- -14.98%
SKRE
- 1D
- 4.58%
- 1M
- 2.45%
- YTD
- -14.51%
- 6M
- -16.27%
- 1Y
- -39.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DPST vs. SKRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 4.97% | -5.90% | 25.23% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -14.51% | -31.29% | -44.51% |
Correlation
The correlation between DPST and SKRE is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2024 | -0.99 |
The correlation between DPST and SKRE has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
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Return for Risk
DPST vs. SKRE — Risk / Return Rank
DPST
SKRE
DPST vs. SKRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Regional Banks Bull 3X Shares (DPST) 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.
| DPST | SKRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.86 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | -0.81 | +1.76 |
| Martin ratioReturn relative to average drawdown | 2.11 | -1.22 | +3.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DPST | SKRE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | -0.85 | +1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | -0.67 | +0.50 |
Drawdowns
DPST vs. SKRE - Drawdown Comparison
The maximum DPST drawdown since its inception was -97.73%, which is greater than SKRE's maximum drawdown of -75.30%. Use the drawdown chart below to compare losses from any high point for DPST and SKRE.
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Drawdown Indicators
| DPST | SKRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.73% | -75.30% | -22.43% |
Max Drawdown (1Y)Largest decline over 1 year | -40.44% | -49.06% | +8.62% |
Max Drawdown (3Y)Largest decline over 3 years | -68.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -93.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.73% | — | — |
Current DrawdownCurrent decline from peak | -93.57% | -72.27% | -21.30% |
Average DrawdownAverage peak-to-trough decline | -64.12% | -47.26% | -16.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.04% | 32.67% | -14.63% |
Volatility
DPST vs. SKRE - Volatility Comparison
Direxion Daily Regional Banks Bull 3X Shares (DPST) has a higher volatility of 17.99% compared to Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) at 12.32%. This indicates that DPST's price experiences larger fluctuations and is considered to be riskier than SKRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DPST | SKRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.99% | 12.32% | +5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 47.46% | 31.62% | +15.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.35% | 46.92% | +22.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.36% | 55.73% | +33.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.57% | 55.73% | +38.84% |
DPST vs. SKRE - Expense Ratio Comparison
DPST has a 0.99% expense ratio, which is higher than SKRE's 0.75% expense ratio.
Dividends
DPST vs. SKRE - Dividend Comparison
DPST's dividend yield for the trailing twelve months is around 2.01%, more than SKRE's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 2.01% | 2.18% | 1.55% | 1.78% | 1.51% | 0.58% | 0.90% | 1.29% | 2.18% | 0.30% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.30% | 0.26% | 3.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DPST and SKRE have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DPST has higher volatility (17.99%) compared to SKRE (12.32%). In terms of maximum drawdown, DPST dropped -97.73% vs SKRE's -75.30%.
On 1-year performance, DPST leads with 37.91% vs -39.81% for SKRE. On fees, SKRE is cheaper at 0.75% per year. On volatility, SKRE has been the lower-risk option at 12.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DPST has performed better with a 37.91% return vs -39.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKRE is cheaper with a 0.75% expense ratio, compared with 0.99% for DPST.
DPST has the higher dividend yield at 2.01%, compared with 0.30% for SKRE.
DPST is categorized as Leveraged Equities, while SKRE is Large Cap Blend Equities. DPST tracks Solactive US Regional Banks Total Return Index (300%), while SKRE tracks S&P Regional Banks Select Industry. They also come from different issuers: Direxion and Tuttle. Their fees differ too: 0.99% for DPST and 0.75% for SKRE.
DPST currently has the higher Sharpe Ratio (0.55 vs -0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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