SKRE vs. DOG
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and DOG (ProShares Short Dow30) are both Inverse Equities funds - SKRE tracks the S&P Regional Banks Select Industry while DOG tracks the DJ Industrial Average (-100%). Both are passively managed. Over the past year, SKRE returned -50.55% vs -14.94% for DOG. Their 0.62 correlation means they have sometimes moved together and sometimes differently. SKRE charges 0.75%/yr vs 0.95%/yr for DOG.
Performance
SKRE vs. DOG - Performance Comparison
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Returns By Period
In the year-to-date period, SKRE achieves a -35.15% return, which is significantly lower than DOG's -7.91% return.
SKRE
- 1D
- -2.27%
- 1M
- -5.74%
- 6M
- -23.25%
- YTD
- -35.15%
- 1Y
- -50.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.81%
DOG
- 1D
- -1.25%
- 1M
- -0.23%
- 6M
- -5.66%
- YTD
- -7.91%
- 1Y
- -14.94%
- 3Y*
- -8.74%
- 5Y*
- -5.96%
- 10Y*
- -11.12%
- ALL TIME*
- -10.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $40.68M | $37.60M | $41.71M | |
| $121.93K | $143.27K | $245.32K |
SKRE vs. DOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -35.15% | -31.29% | -44.47% |
DOG ProShares Short Dow30 | -7.91% | -8.40% | -6.31% |
Correlation
The correlation between SKRE and DOG is 0.58, 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. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | 0.62 |
The correlation between SKRE and DOG has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.
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Return for Risk
SKRE vs. DOG — Risk / Return Rank
SKRE
DOG
SKRE vs. DOG - 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 ProShares Short Dow30 (DOG). 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 | DOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.82 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -1.05 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.65 | -1.87 | +0.23 |
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Drawdowns
SKRE vs. DOG - Drawdown Comparison
The maximum SKRE drawdown since its inception was -79.33%, smaller than the maximum DOG drawdown of -92.90%. Use the drawdown chart below to compare losses from any high point for SKRE and DOG.
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Drawdown Indicators
| SKRE | DOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.33% | -92.90% | +13.57% |
Max Drawdown (1Y)Largest decline over 1 year | -51.44% | -14.32% | -37.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.86% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.07% | — |
Current DrawdownCurrent decline from peak | -78.96% | -92.90% | +13.94% |
Average DrawdownAverage peak-to-trough decline | -49.09% | -66.59% | +17.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.75% | 8.65% | +22.10% |
Volatility
SKRE vs. DOG - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 10.82% compared to ProShares Short Dow30 (DOG) at 3.81%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than DOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKRE | DOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.82% | 3.81% | +7.01% |
Volatility (6M)Calculated over the trailing 6-month period | 30.42% | 10.01% | +20.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.86% | 12.57% | +33.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.75% | 14.84% | +39.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.75% | 17.50% | +37.25% |
SKRE vs. DOG - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is lower than DOG's 0.95% expense ratio.
Dividends
SKRE vs. DOG - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 0.39%, less than DOG's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DOG ProShares Short Dow30 | 3.43% | 3.65% | 5.72% | 4.54% | 0.41% | 0.00% | 0.14% | 1.54% | 0.86% | 0.04% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.39% | 0.26% | 3.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SKRE and DOG have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKRE has higher volatility (10.82%) compared to DOG (3.81%). In terms of maximum drawdown, SKRE dropped -79.33% vs DOG's -92.90%.
On 1-year performance, DOG leads with -14.94% vs -50.55% for SKRE. On fees, SKRE is cheaper at 0.75% per year. On volatility, DOG has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DOG has performed better with a -14.94% return vs -50.55%. 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 DOG.
DOG has the higher dividend yield at 3.43%, compared with 0.39% for SKRE.
SKRE tracks S&P Regional Banks Select Industry, while DOG tracks DJ Industrial Average (-100%). They also come from different issuers: Tuttle and ProShares. Their fees differ too: 0.75% for SKRE and 0.95% for DOG.
SKRE currently has the higher Sharpe Ratio (-1.11 vs -1.20), 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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