SKRE vs. DPST
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and DPST (Direxion Daily Regional Banks Bull 3X Shares) are both exchange-traded funds - SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry, while DPST is a Leveraged Equities fund tracking the Solactive US Regional Banks Total Return Index (300%). Both are passively managed. Over the past year, SKRE returned -40.77% vs 41.77% for DPST. At a correlation of -0.99, they often move in opposite directions. SKRE charges 0.75%/yr vs 0.99%/yr for DPST.
Performance
SKRE vs. DPST - Performance Comparison
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Returns By Period
In the year-to-date period, SKRE achieves a -31.58% return, which is significantly lower than DPST's 41.67% return.
SKRE
- 1D
- -1.34%
- 1M
- -6.24%
- 6M
- -25.76%
- YTD
- -31.58%
- 1Y
- -40.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DPST
- 1D
- 0.44%
- 1M
- 7.36%
- 6M
- 31.25%
- YTD
- 41.67%
- 1Y
- 41.77%
- 3Y*
- 34.06%
- 5Y*
- -16.32%
- 10Y*
- -12.02%
SKRE vs. DPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -31.58% | -31.29% | -44.47% |
DPST Direxion Daily Regional Banks Bull 3X Shares | 41.67% | -5.90% | 27.57% |
Correlation
The correlation between SKRE and DPST is -1.00, 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 | -1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | -0.99 |
The correlation between SKRE and DPST has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
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Return for Risk
SKRE vs. DPST — Risk / Return Rank
SKRE
DPST
SKRE vs. DPST - 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 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.
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 | DPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.16 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 1.04 | -1.85 |
| Martin ratioReturn relative to average drawdown | -1.41 | 2.30 | -3.70 |
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Drawdowns
SKRE vs. DPST - Drawdown Comparison
The maximum SKRE drawdown since its inception was -78.32%, 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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Drawdown Indicators
| SKRE | DPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.32% | -97.73% | +19.41% |
Max Drawdown (1Y)Largest decline over 1 year | -49.07% | -40.44% | -8.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -68.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -93.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -97.73% | — |
Current DrawdownCurrent decline from peak | -77.81% | -91.32% | +13.51% |
Average DrawdownAverage peak-to-trough decline | -48.34% | -64.38% | +16.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.15% | 18.25% | +9.90% |
Volatility
SKRE vs. DPST - Volatility Comparison
The current volatility for Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) is 11.54%, while Direxion Daily Regional Banks Bull 3X Shares (DPST) has a volatility of 17.18%. 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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Volatility by Period
| SKRE | DPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.54% | 17.18% | -5.64% |
Volatility (6M)Calculated over the trailing 6-month period | 32.56% | 48.68% | -16.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.49% | 68.81% | -22.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.19% | 88.70% | -33.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.19% | 94.18% | -38.99% |
SKRE vs. DPST - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is lower than DPST's 0.99% expense ratio.
Dividends
SKRE vs. DPST - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 0.37%, less than DPST's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 1.54% | 2.18% | 1.55% | 1.78% | 1.51% | 0.58% | 0.90% | 1.29% | 2.18% | 0.30% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.37% | 0.26% | 3.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SKRE and DPST have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DPST has higher volatility (17.18%) compared to SKRE (11.54%). In terms of maximum drawdown, SKRE dropped -78.32% vs DPST's -97.73%.
On 1-year performance, DPST leads with 41.77% vs -40.77% for SKRE. On fees, SKRE is cheaper at 0.75% per year. On volatility, SKRE has been the lower-risk option at 11.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DPST has performed better with a 41.77% return vs -40.77%. 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 0.99% for DPST.
DPST has the higher dividend yield at 1.54%, compared with 0.37% for SKRE.
SKRE is categorized as Inverse Equities, while DPST is Leveraged Equities. SKRE tracks S&P Regional Banks Select Industry, while DPST tracks Solactive US Regional Banks Total Return Index (300%). They also come from different issuers: Tuttle and Direxion. Their fees differ too: 0.75% for SKRE and 0.99% for DPST.
DPST currently has the higher Sharpe Ratio (0.61 vs -0.85), 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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