SKRE vs. DES
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and DES (WisdomTree U.S. SmallCap Dividend Fund) are both exchange-traded funds - SKRE is a Large Cap Blend Equities fund tracking the S&P Regional Banks Select Industry, while DES is a Small Cap Blend Equities fund tracking the WisdomTree SmallCap Dividend (TR). Both are passively managed. Over the past year, SKRE returned -45.12% vs 26.88% for DES. At a correlation of -0.83, they often move in opposite directions. SKRE charges 0.75%/yr vs 0.38%/yr for DES.
Performance
SKRE vs. DES - Performance Comparison
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Returns By Period
In the year-to-date period, SKRE achieves a -20.01% return, which is significantly lower than DES's 15.61% return.
SKRE
- 1D
- -0.68%
- 1M
- 0.90%
- YTD
- -20.01%
- 6M
- -21.45%
- 1Y
- -45.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DES
- 1D
- -0.83%
- 1M
- -0.91%
- YTD
- 15.61%
- 6M
- 14.98%
- 1Y
- 26.88%
- 3Y*
- 13.80%
- 5Y*
- 6.03%
- 10Y*
- 7.92%
SKRE vs. DES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -20.01% | -31.29% | -44.51% |
DES WisdomTree U.S. SmallCap Dividend Fund | 15.61% | 0.25% | 12.84% |
Correlation
The correlation between SKRE and DES is -0.84, 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 | -0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2024 | -0.83 |
The correlation between SKRE and DES has been stable across timeframes, ranging from -0.84 to -0.83 - a consistent structural relationship.
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Return for Risk
SKRE vs. DES — Risk / Return Rank
SKRE
DES
SKRE vs. DES - 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 WisdomTree U.S. SmallCap Dividend Fund (DES). 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.
| SKRE | DES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.29 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 3.53 | -4.46 |
| Martin ratioReturn relative to average drawdown | -1.37 | 10.06 | -11.43 |
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
| SKRE | DES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.96 | 1.64 | -2.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.31 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.70 | 0.31 | -1.01 |
Drawdowns
SKRE vs. DES - Drawdown Comparison
The maximum SKRE drawdown since its inception was -75.30%, which is greater than DES's maximum drawdown of -65.48%. Use the drawdown chart below to compare losses from any high point for SKRE and DES.
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Drawdown Indicators
| SKRE | DES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.30% | -65.48% | -9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -49.06% | -7.64% | -41.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.65% | — |
Current DrawdownCurrent decline from peak | -74.05% | -1.16% | -72.89% |
Average DrawdownAverage peak-to-trough decline | -47.35% | -9.68% | -37.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.93% | 2.68% | +30.25% |
Volatility
SKRE vs. DES - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 13.27% compared to WisdomTree U.S. SmallCap Dividend Fund (DES) at 4.15%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than DES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKRE | DES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.27% | 4.15% | +9.12% |
Volatility (6M)Calculated over the trailing 6-month period | 31.86% | 11.06% | +20.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.09% | 16.46% | +30.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.76% | 19.57% | +36.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.76% | 21.97% | +33.79% |
SKRE vs. DES - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is higher than DES's 0.38% expense ratio.
Dividends
SKRE vs. DES - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 0.32%, less than DES's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DES WisdomTree U.S. SmallCap Dividend Fund | 2.39% | 2.85% | 2.81% | 2.65% | 2.89% | 2.31% | 2.75% | 2.68% | 3.65% | 2.89% | 2.70% | 3.09% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.32% | 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
SKRE and DES have a correlation of -0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKRE has higher volatility (13.27%) compared to DES (4.15%). In terms of maximum drawdown, SKRE dropped -75.30% vs DES's -65.48%.
On 1-year performance, DES leads with 26.88% vs -45.12% for SKRE. On fees, DES is cheaper at 0.38% per year. On volatility, DES has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DES has performed better with a 26.88% return vs -45.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DES is cheaper with a 0.38% expense ratio, compared with 0.75% for SKRE.
DES has the higher dividend yield at 2.39%, compared with 0.32% for SKRE.
SKRE is categorized as Large Cap Blend Equities, while DES is Small Cap Blend Equities. SKRE tracks S&P Regional Banks Select Industry, while DES tracks WisdomTree SmallCap Dividend (TR). They also come from different issuers: Tuttle and WisdomTree. Their fees differ too: 0.75% for SKRE and 0.38% for DES.
DES currently has the higher Sharpe Ratio (1.64 vs -0.96), 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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