FTAG vs. SKRE

Last updated Jul 16, 2026

FTAG (First Trust Indxx Global Agriculture ETF) and SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) are both exchange-traded funds - FTAG is a Large Cap Blend Equities fund tracking the Indxx Global Agriculture Index, while SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry. Both are passively managed. Over the past year, FTAG returned 12.51% vs -44.40% for SKRE. At a correlation of -0.43, they often move in opposite directions. FTAG charges 0.70%/yr vs 0.75%/yr for SKRE.

Performance

FTAG vs. SKRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Global Agriculture ETF (FTAG) and Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTAG achieves a 11.78% return, which is significantly higher than SKRE's -32.76% return.

FTAG

• 1D: -0.46%
• 1M: 2.73%
• 6M: 5.92%
• YTD: 11.78%
• 1Y: 12.51%
• 3Y*: 3.96%
• 5Y*: 2.17%
• 10Y*: 5.68%

SKRE

• 1D: -2.04%
• 1M: -11.04%
• 6M: -28.08%
• YTD: -32.76%
• 1Y: -44.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTAG vs. SKRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FTAG First Trust Indxx Global Agriculture ETF	11.78%	14.82%	-5.70%
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	-32.76%	-31.29%	-44.47%

Correlation

The correlation between FTAG and SKRE is -0.36, 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	-0.36
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024	-0.43

Return for Risk

FTAG vs. SKRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTAG

FTAG Risk / Return Rank: 29
FTAG Sharpe Ratio Rank: 29
FTAG Sortino Ratio Rank: 29
FTAG Omega Ratio Rank: 27
FTAG Calmar Ratio Rank: 31
FTAG Martin Ratio Rank: 27

SKRE

SKRE Risk / Return Rank: 2
SKRE Sharpe Ratio Rank: 2
SKRE Sortino Ratio Rank: 2
SKRE Omega Ratio Rank: 2
SKRE Calmar Ratio Rank: 1
SKRE Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTAG vs. SKRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Global Agriculture ETF (FTAG) 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.

	FTAG	SKRE	Difference
Sharpe ratio: Return per unit of total volatility	0.88	-0.97	+1.85
Sortino ratio: Return per unit of downside risk	1.36	-1.46	+2.82
Omega ratio: Gain probability vs. loss probability	1.16	0.83	+0.33
Calmar ratio: Return relative to maximum drawdown	1.31	-0.91	+2.22
Martin ratio: Return relative to average drawdown	2.90	-1.55	+4.45

FTAG vs. SKRE - Sharpe Ratio Comparison

The current FTAG Sharpe Ratio is 0.88, which is higher than the SKRE Sharpe Ratio of -0.97. The chart below compares the historical Sharpe Ratios of FTAG and SKRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTAG vs. SKRE - Drawdown Comparison

The maximum FTAG drawdown since its inception was -90.89%, which is greater than SKRE's maximum drawdown of -78.32%. Use the drawdown chart below to compare losses from any high point for FTAG and SKRE.

Drawdown Indicators

	FTAG	SKRE	Difference
Max Drawdown Largest peak-to-trough decline	-90.89%	-78.32%	-12.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-49.07%	+39.51%
Max Drawdown (3Y) Largest decline over 3 years	-21.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.79%	—	—
Current Drawdown Current decline from peak	-78.38%	-78.19%	-0.19%
Average Drawdown Average peak-to-trough decline	-71.28%	-48.48%	-22.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.33%	28.64%	-24.31%

Volatility

FTAG vs. SKRE - Volatility Comparison

The current volatility for First Trust Indxx Global Agriculture ETF (FTAG) is 4.14%, while Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a volatility of 11.29%. This indicates that FTAG experiences smaller price fluctuations and is considered to be less risky than SKRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTAG	SKRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	11.29%	-7.15%
Volatility (6M) Calculated over the trailing 6-month period	11.33%	32.23%	-20.90%
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	46.41%	-32.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	55.07%	-37.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.47%	55.07%	-35.60%

FTAG vs. SKRE - Expense Ratio Comparison

FTAG has a 0.70% expense ratio, which is lower than SKRE's 0.75% expense ratio.

Dividends

FTAG vs. SKRE - Dividend Comparison

FTAG's dividend yield for the trailing twelve months is around 1.30%, more than SKRE's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTAG First Trust Indxx Global Agriculture ETF	1.30%	1.39%	2.89%	3.68%	1.77%	1.58%	1.72%	2.33%	2.16%	1.26%	0.61%	1.35%
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	0.38%	0.26%	3.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTAG and SKRE in my portfolio?

FTAG and SKRE have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTAG or SKRE?

SKRE has higher volatility (11.29%) compared to FTAG (4.14%). In terms of maximum drawdown, FTAG dropped -90.89% vs SKRE's -78.32%.

Which ETF is better, FTAG or SKRE?

On 1-year performance, FTAG leads with 12.51% vs -44.40% for SKRE. On fees, FTAG is cheaper at 0.70% per year. On volatility, FTAG has been the lower-risk option at 4.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTAG or SKRE?

Over the 1-year period, FTAG has performed better with a 12.51% return vs -44.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTAG or SKRE?

FTAG is cheaper with a 0.70% expense ratio, compared with 0.75% for SKRE.

Which ETF pays a higher dividend yield, FTAG or SKRE?

FTAG has the higher dividend yield at 1.30%, compared with 0.38% for SKRE.

What is the main difference between FTAG and SKRE?

FTAG is categorized as Large Cap Blend Equities, while SKRE is Inverse Equities. FTAG tracks Indxx Global Agriculture Index, while SKRE tracks S&P Regional Banks Select Industry. They also come from different issuers: First Trust and Tuttle. Their fees differ too: 0.70% for FTAG and 0.75% for SKRE.

Which has better risk-adjusted returns?

FTAG currently has the higher Sharpe Ratio (0.88 vs -0.97), 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.