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 -49.41% vs 81.17% for DPST. Their -0.99 correlation means they have often moved in opposite directions in the past. 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 -33.64% return, which is significantly lower than DPST's 45.96% return.
SKRE
- 1D
- -0.47%
- 1M
- -3.55%
- 6M
- -24.32%
- YTD
- -33.64%
- 1Y
- -49.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.39%
DPST
- 1D
- 0.85%
- 1M
- 2.62%
- 6M
- 24.97%
- YTD
- 45.96%
- 1Y
- 81.17%
- 3Y*
- 22.15%
- 5Y*
- -14.99%
- 10Y*
- -11.01%
- ALL TIME*
- -12.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.57M | $38.84M | $44.12M | |
| $138.55K | $152.58K | $246.42K |
SKRE vs. DPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -33.64% | -31.29% | -44.47% |
DPST Direxion Daily Regional Banks Bull 3X Shares | 45.96% | -5.90% | 27.57% |
Correlation
The correlation between SKRE and DPST is -1.00, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -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 | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.22 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 1.73 | -2.66 |
| Martin ratioReturn relative to average drawdown | -1.55 | 3.92 | -5.47 |
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Drawdowns
SKRE vs. DPST - Drawdown Comparison
The maximum SKRE drawdown since its inception was -79.33%, 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 | -79.33% | -97.73% | +18.40% |
Max Drawdown (1Y)Largest decline over 1 year | -51.44% | -40.44% | -11.00% |
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 | -78.48% | -91.06% | +12.58% |
Average DrawdownAverage peak-to-trough decline | -49.04% | -64.52% | +15.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.59% | 17.85% | +12.74% |
Volatility
SKRE vs. DPST - Volatility Comparison
The current volatility for Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) is 11.05%, while Direxion Daily Regional Banks Bull 3X Shares (DPST) has a volatility of 16.37%. 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 | 11.05% | 16.37% | -5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 30.36% | 46.05% | -15.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.00% | 68.21% | -22.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.78% | 88.35% | -33.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.78% | 94.21% | -39.43% |
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 0.39%, less than DPST's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 1.50% | 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 | 0.39% | 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 (16.37%) compared to SKRE (11.05%). In terms of maximum drawdown, SKRE dropped -79.33% vs DPST's -97.73%.
On 1-year performance, DPST leads with 81.17% vs -49.41% for SKRE. On fees, SKRE is cheaper at 0.75% per year. On volatility, SKRE has been the lower-risk option at 11.05%. 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 81.17% return vs -49.41%. 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 1.50%, compared with 0.39% 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 (1.03 vs -1.04), 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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