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 Large Cap Blend 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 -48.03% vs 71.11% 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 -25.15% return, which is significantly lower than DPST's 25.97% return.
SKRE
- 1D
- -1.81%
- 1M
- -8.81%
- YTD
- -25.15%
- 6M
- -19.71%
- 1Y
- -48.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DPST
- 1D
- 3.07%
- 1M
- 11.97%
- YTD
- 25.97%
- 6M
- 13.08%
- 1Y
- 71.11%
- 3Y*
- 39.46%
- 5Y*
- -20.47%
- 10Y*
- -11.53%
SKRE vs. DPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -25.15% | -31.29% | -44.47% |
DPST Direxion Daily Regional Banks Bull 3X Shares | 25.97% | -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 | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -3.26 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.22 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -1.03 | 1.77 | -2.80 |
| Martin ratioReturn relative to average drawdown | -1.66 | 3.92 | -5.57 |
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Drawdowns
SKRE vs. DPST - Drawdown Comparison
The maximum SKRE drawdown since its inception was -76.33%, 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 | -76.33% | -97.73% | +21.40% |
Max Drawdown (1Y)Largest decline over 1 year | -46.78% | -40.44% | -6.34% |
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 | -75.72% | -92.29% | +16.57% |
Average DrawdownAverage peak-to-trough decline | -47.73% | -64.24% | +16.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.05% | 18.21% | +13.84% |
Volatility
SKRE vs. DPST - Volatility Comparison
The current volatility for Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) is 12.10%, while Direxion Daily Regional Banks Bull 3X Shares (DPST) has a volatility of 18.44%. 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 | 12.10% | 18.44% | -6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 31.87% | 47.98% | -16.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.85% | 69.35% | -22.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.46% | 88.96% | -33.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.46% | 94.55% | -39.09% |
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 0.34%, less than DPST's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 1.68% | 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 | 0.34% | 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 (18.44%) compared to SKRE (12.10%). In terms of maximum drawdown, SKRE dropped -76.33% vs DPST's -97.73%.
On 1-year performance, DPST leads with 71.11% vs -48.03% for SKRE. On fees, SKRE is cheaper at 0.75% per year. On volatility, SKRE has been the lower-risk option at 12.10%. 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 71.11% return vs -48.03%. 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 1.68%, compared with 0.34% for SKRE.
SKRE is categorized as Large Cap Blend 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 -1.03), 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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