NBIZ vs. SKRE

Last updated Jul 12, 2026

NBIZ (Tradr 2X Short NBIS Daily ETF) and SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) are both Inverse Equities funds - NBIZ tracks the Nebius Group N.V. (NBIS) while SKRE tracks the S&P Regional Banks Select Industry. Both are passively managed. At a correlation of -0.03, they often move in opposite directions. NBIZ charges 1.49%/yr vs 0.75%/yr for SKRE.

Performance

NBIZ vs. SKRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short NBIS Daily ETF (NBIZ) and Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NBIZ

• 1D: -3.01%
• 1M: -13.55%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SKRE

• 1D: -1.34%
• 1M: -6.24%
• 6M: -25.76%
• YTD: -31.58%
• 1Y: -40.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBIZ vs. SKRE - Yearly Performance Comparison

	2026 (YTD)
NBIZ Tradr 2X Short NBIS Daily ETF	-96.04%
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	-19.29%

Correlation

The correlation between NBIZ and SKRE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	-0.03

Return for Risk

NBIZ vs. SKRE — Risk / Return Rank

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

NBIZ

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

SKRE

SKRE Risk / Return Rank: 2
SKRE Sharpe Ratio Rank: 2
SKRE Sortino Ratio Rank: 3
SKRE Omega Ratio Rank: 3
SKRE Calmar Ratio Rank: 2
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.

NBIZ vs. SKRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short NBIS Daily ETF (NBIZ) 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.

	NBIZ	SKRE	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.85	—
Sortino ratio: Return per unit of downside risk	—	-1.20	—
Omega ratio: Gain probability vs. loss probability	—	0.86	—
Calmar ratio: Return relative to maximum drawdown	—	-0.81	—
Martin ratio: Return relative to average drawdown	—	-1.41	—

Drawdowns

NBIZ vs. SKRE - Drawdown Comparison

The maximum NBIZ drawdown since its inception was -98.35%, which is greater than SKRE's maximum drawdown of -78.32%. Use the drawdown chart below to compare losses from any high point for NBIZ and SKRE.

Drawdown Indicators

	NBIZ	SKRE	Difference
Max Drawdown Largest peak-to-trough decline	-98.35%	-78.32%	-20.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.07%	—
Current Drawdown Current decline from peak	-97.70%	-77.81%	-19.89%
Average Drawdown Average peak-to-trough decline	-74.64%	-48.34%	-26.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.15%	—

Volatility

Volatility by Period

	NBIZ	SKRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	217.33%	46.49%	+170.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	217.33%	55.19%	+162.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	217.33%	55.19%	+162.14%

NBIZ vs. SKRE - Expense Ratio Comparison

NBIZ has a 1.49% expense ratio, which is higher than SKRE's 0.75% expense ratio.

Dividends

NBIZ vs. SKRE - Dividend Comparison

NBIZ has not paid dividends to shareholders, while SKRE's dividend yield for the trailing twelve months is around 0.37%.

Position	TTM	2025	2024
NBIZ Tradr 2X Short NBIS Daily ETF	0.00%	0.00%	0.00%
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	0.37%	0.26%	3.16%

Frequently Asked Questions

Can I hold both NBIZ and SKRE in my portfolio?

NBIZ and SKRE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBIZ or SKRE?

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.

Which ETF is cheaper, NBIZ or SKRE?

SKRE is cheaper with a 0.75% expense ratio, compared with 1.49% for NBIZ.

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

SKRE has the higher dividend yield at 0.37%, compared with 0.00% for NBIZ.

What is the main difference between NBIZ and SKRE?

NBIZ tracks Nebius Group N.V. (NBIS), while SKRE tracks S&P Regional Banks Select Industry. They also come from different issuers: Tradr and Tuttle. Their fees differ too: 1.49% for NBIZ and 0.75% for SKRE.