Correlation
The correlation between SKRE and DPST is -0.52. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
SKRE vs. DPST
Compare and contrast key facts about Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) and Direxion Daily Regional Banks Bull 3X Shares (DPST).
SKRE and DPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKRE is a passively managed fund by Tuttle that tracks the performance of the S&P Regional Banks Select Industry. It was launched on Jan 4, 2024. DPST is a passively managed fund by Direxion that tracks the performance of the Solactive US Regional Banks Total Return Index (300%). It was launched on Aug 19, 2015. Both SKRE and DPST are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKRE or DPST.
Performance
SKRE vs. DPST - Performance Comparison
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Key characteristics
SKRE:
-0.73
DPST:
0.18
SKRE:
-0.85
DPST:
0.93
SKRE:
0.89
DPST:
1.12
SKRE:
-0.74
DPST:
0.14
SKRE:
-1.05
DPST:
0.44
SKRE:
44.44%
DPST:
31.49%
SKRE:
64.92%
DPST:
96.53%
SKRE:
-63.05%
DPST:
-97.73%
SKRE:
-53.11%
DPST:
-95.44%
Returns By Period
In the year-to-date period, SKRE achieves a -0.68% return, which is significantly higher than DPST's -29.99% return.
SKRE
-0.68%
-8.07%
21.47%
-46.11%
N/A
N/A
N/A
DPST
-29.99%
9.06%
-50.74%
12.24%
-37.33%
-8.94%
N/A
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SKRE vs. DPST - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is lower than DPST's 0.99% expense ratio.
Risk-Adjusted Performance
SKRE vs. DPST — Risk-Adjusted Performance Rank
SKRE
DPST
SKRE vs. DPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) and Direxion Daily Regional Banks Bull 3X Shares (DPST). 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.
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Dividends
SKRE vs. DPST - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 3.18%, more than DPST's 2.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 3.18% | 3.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DPST Direxion Daily Regional Banks Bull 3X Shares | 2.13% | 1.55% | 1.78% | 1.51% | 0.59% | 0.90% | 1.29% | 2.18% | 0.30% |
Drawdowns
SKRE vs. DPST - Drawdown Comparison
The maximum SKRE drawdown since its inception was -63.05%, smaller than the maximum DPST drawdown of -97.73%. Use the drawdown chart below to compare losses from any high point for SKRE and DPST.
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Volatility
SKRE vs. DPST - Volatility Comparison
The current volatility for Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) is 15.86%, while Direxion Daily Regional Banks Bull 3X Shares (DPST) has a volatility of 23.18%. This indicates that SKRE experiences smaller price fluctuations and is considered to be less risky than DPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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