SBB vs. SKRE
SBB (ProShares Short SmallCap600) and SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) are both Inverse Equities funds - SBB tracks the S&P SmallCap 600 Index (-100%) while SKRE tracks the S&P Regional Banks Select Industry. Both are passively managed. Over the past year, SBB returned -25.10% vs -50.13% for SKRE. Their 0.77 correlation means they have sometimes moved together and sometimes differently. SBB charges 0.95%/yr vs 0.75%/yr for SKRE.
Performance
SBB vs. SKRE - Performance Comparison
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Returns By Period
In the year-to-date period, SBB achieves a -18.99% return, which is significantly higher than SKRE's -36.36% return.
SBB
- 1D
- -1.63%
- 1M
- -2.40%
- 6M
- -13.87%
- YTD
- -18.99%
- 1Y
- -25.10%
- 3Y*
- -10.24%
- 5Y*
- -6.51%
- 10Y*
- -11.90%
- ALL TIME*
- -12.49%
SKRE
- 1D
- -1.86%
- 1M
- -7.49%
- 6M
- -22.04%
- YTD
- -36.36%
- 1Y
- -50.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -42.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $22.82K | $20.79K | $47.74K | |
| $134.47K | $146.04K | $238.58K |
SBB vs. SKRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBB ProShares Short SmallCap600 | -18.99% | -3.56% | -7.11% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -36.36% | -31.29% | -44.47% |
Correlation
The correlation between SBB and SKRE is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | 0.77 |
The correlation between SBB and SKRE has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
SBB vs. SKRE — Risk / Return Rank
SBB
SKRE
SBB vs. SKRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short SmallCap600 (SBB) 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.
| SBB | SKRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.80 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.98 | -0.04 |
| Martin ratioReturn relative to average drawdown | -1.85 | -1.62 | -0.22 |
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Drawdowns
SBB vs. SKRE - Drawdown Comparison
The maximum SBB drawdown since its inception was -96.03%, which is greater than SKRE's maximum drawdown of -79.35%. Use the drawdown chart below to compare losses from any high point for SBB and SKRE.
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Drawdown Indicators
| SBB | SKRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.03% | -79.35% | -16.68% |
Max Drawdown (1Y)Largest decline over 1 year | -24.84% | -51.50% | +26.66% |
Max Drawdown (3Y)Largest decline over 3 years | -39.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -73.51% | — | — |
Current DrawdownCurrent decline from peak | -96.03% | -79.35% | -16.68% |
Average DrawdownAverage peak-to-trough decline | -74.70% | -49.13% | -25.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.87% | 30.92% | -17.05% |
Volatility
SBB vs. SKRE - Volatility Comparison
The current volatility for ProShares Short SmallCap600 (SBB) is 4.17%, while Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a volatility of 10.87%. This indicates that SBB 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.
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Volatility by Period
| SBB | SKRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 10.87% | -6.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.15% | 30.26% | -18.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 45.79% | -28.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.55% | 54.72% | -33.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.25% | 54.72% | -31.47% |
SBB vs. SKRE - Expense Ratio Comparison
SBB has a 0.95% expense ratio, which is higher than SKRE's 0.75% expense ratio.
Dividends
SBB vs. SKRE - Dividend Comparison
SBB's dividend yield for the trailing twelve months is around 3.84%, more than SKRE's 0.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | 3.84% | 3.44% | 4.86% | 4.64% | 0.31% | 0.00% | 0.04% | 1.20% | 0.17% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.40% | 0.26% | 3.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SBB and SKRE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKRE has higher volatility (10.87%) compared to SBB (4.17%). In terms of maximum drawdown, SBB dropped -96.03% vs SKRE's -79.35%.
On 1-year performance, SBB leads with -25.10% vs -50.13% for SKRE. On fees, SKRE is cheaper at 0.75% per year. On volatility, SBB has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SBB has performed better with a -25.10% return vs -50.13%. 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 0.95% for SBB.
SBB has the higher dividend yield at 3.84%, compared with 0.40% for SKRE.
SBB tracks S&P SmallCap 600 Index (-100%), while SKRE tracks S&P Regional Banks Select Industry. They also come from different issuers: ProShares and Tuttle. Their fees differ too: 0.95% for SBB and 0.75% for SKRE.
SKRE currently has the higher Sharpe Ratio (-1.10 vs -1.43), 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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