SKRE vs. BDGS

Last updated Jul 14, 2026

SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and BDGS (Bridges Capital Tactical ETF) are both exchange-traded funds - SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry, while BDGS is a Large Cap Blend Equities fund actively managed by Bridges. SKRE is passively managed, while BDGS is actively managed. Over the past year, SKRE returned -40.68% vs 11.67% for BDGS. At a correlation of -0.36, they often move in opposite directions. SKRE charges 0.75%/yr vs 0.87%/yr for BDGS.

Performance

SKRE vs. BDGS - Performance Comparison

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

Returns By Period

In the year-to-date period, SKRE achieves a -31.48% return, which is significantly lower than BDGS's 5.76% return.

SKRE

• 1D: 0.15%
• 1M: -6.10%
• 6M: -27.31%
• YTD: -31.48%
• 1Y: -40.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDGS

• 1D: -0.21%
• 1M: 1.03%
• 6M: 5.24%
• YTD: 5.76%
• 1Y: 11.67%
• 3Y*: 13.83%
• 5Y*: —
• 10Y*: —

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

SKRE vs. BDGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	-31.48%	-31.29%	-44.47%
BDGS Bridges Capital Tactical ETF	5.76%	10.61%	19.24%

Correlation

The correlation between SKRE and BDGS is -0.22, 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	-0.22
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024	-0.36

The correlation between SKRE and BDGS shifts across timeframes, from -0.36 (all time) to -0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SKRE vs. BDGS — Risk / Return Rank

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

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

BDGS

BDGS Risk / Return Rank: 76
BDGS Sharpe Ratio Rank: 72
BDGS Sortino Ratio Rank: 78
BDGS Omega Ratio Rank: 79
BDGS Calmar Ratio Rank: 72
BDGS Martin Ratio Rank: 78

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.

SKRE vs. BDGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) and Bridges Capital Tactical ETF (BDGS). 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.

	SKRE	BDGS	Difference
Sharpe ratio: Return per unit of total volatility	-0.88	1.84	-2.72
Sortino ratio: Return per unit of downside risk	-1.25	2.76	-4.02
Omega ratio: Gain probability vs. loss probability	0.86	1.37	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.83	2.91	-3.74
Martin ratio: Return relative to average drawdown	-1.44	11.86	-13.30

SKRE vs. BDGS - Sharpe Ratio Comparison

The current SKRE Sharpe Ratio is -0.88, which is lower than the BDGS Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of SKRE and BDGS, 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

SKRE vs. BDGS - Drawdown Comparison

The maximum SKRE drawdown since its inception was -78.32%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for SKRE and BDGS.

Drawdown Indicators

	SKRE	BDGS	Difference
Max Drawdown Largest peak-to-trough decline	-78.32%	-9.12%	-69.20%
Max Drawdown (1Y) Largest decline over 1 year	-49.07%	-4.03%	-45.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.12%	—
Current Drawdown Current decline from peak	-77.77%	-0.71%	-77.06%
Average Drawdown Average peak-to-trough decline	-48.39%	-0.67%	-47.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.32%	0.99%	+27.33%

Volatility

SKRE vs. BDGS - Volatility Comparison

Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 11.56% compared to Bridges Capital Tactical ETF (BDGS) at 2.36%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than BDGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKRE	BDGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.56%	2.36%	+9.20%
Volatility (6M) Calculated over the trailing 6-month period	32.34%	5.28%	+27.06%
Volatility (1Y) Calculated over the trailing 1-year period	46.52%	6.37%	+40.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.15%	8.19%	+46.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.15%	8.19%	+46.96%

SKRE vs. BDGS - Expense Ratio Comparison

SKRE has a 0.75% expense ratio, which is lower than BDGS's 0.87% expense ratio.

Dividends

SKRE vs. BDGS - Dividend Comparison

SKRE's dividend yield for the trailing twelve months is around 0.37%, less than BDGS's 0.52% yield.

Position	TTM	2025	2024	2023
BDGS Bridges Capital Tactical ETF	0.52%	0.55%	1.81%	0.84%
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	0.37%	0.26%	3.16%	0.00%

Frequently Asked Questions

Can I hold both SKRE and BDGS in my portfolio?

SKRE and BDGS have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SKRE or BDGS?

SKRE has higher volatility (11.56%) compared to BDGS (2.36%). In terms of maximum drawdown, SKRE dropped -78.32% vs BDGS's -9.12%.

Which ETF is better, SKRE or BDGS?

On 1-year performance, BDGS leads with 11.67% vs -40.68% for SKRE. On fees, SKRE is cheaper at 0.75% per year. On volatility, BDGS has been the lower-risk option at 2.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SKRE or BDGS?

Over the 1-year period, BDGS has performed better with a 11.67% return vs -40.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SKRE or BDGS?

SKRE is cheaper with a 0.75% expense ratio, compared with 0.87% for BDGS.

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

BDGS has the higher dividend yield at 0.52%, compared with 0.37% for SKRE.

What is the main difference between SKRE and BDGS?

SKRE is categorized as Inverse Equities, while BDGS is Large Cap Blend Equities. They also come from different issuers: Tuttle and Bridges. Their fees differ too: 0.75% for SKRE and 0.87% for BDGS.

Which has better risk-adjusted returns?

BDGS currently has the higher Sharpe Ratio (1.84 vs -0.88), 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.