SKRE vs. EMTY
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and EMTY (ProShares Decline of the Retail Store ETF) are both Inverse Equities funds - SKRE tracks the S&P Regional Banks Select Industry while EMTY tracks the Solactive-ProShares Bricks and Mortar Retail Store Index (-100%). Both are passively managed. Over the past year, SKRE returned -50.55% vs -2.51% for EMTY. Their 0.54 correlation means they have sometimes moved together and sometimes differently. SKRE charges 0.75%/yr vs 0.66%/yr for EMTY.
Performance
SKRE vs. EMTY - 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 EMTY's -4.47% return.
SKRE
- 1D
- -2.27%
- 1M
- -5.74%
- 6M
- -23.25%
- YTD
- -35.15%
- 1Y
- -50.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.81%
EMTY
- 1D
- -2.25%
- 1M
- -2.95%
- 6M
- 1.80%
- YTD
- -4.47%
- 1Y
- -2.51%
- 3Y*
- -4.31%
- 5Y*
- -3.74%
- 10Y*
- —
- ALL TIME*
- -11.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.65K | $31.10K | $48.52K | |
| $121.93K | $143.27K | $245.32K |
SKRE vs. EMTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -35.15% | -31.29% | -44.47% |
EMTY ProShares Decline of the Retail Store ETF | -4.47% | -1.76% | -6.61% |
Correlation
The correlation between SKRE and EMTY is 0.53, 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. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | 0.54 |
The correlation between SKRE and EMTY has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.
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Return for Risk
SKRE vs. EMTY — Risk / Return Rank
SKRE
EMTY
SKRE vs. EMTY - 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 Decline of the Retail Store ETF (EMTY). 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 | EMTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.99 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.18 | -0.80 |
| Martin ratioReturn relative to average drawdown | -1.65 | -0.39 | -1.25 |
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Drawdowns
SKRE vs. EMTY - Drawdown Comparison
The maximum SKRE drawdown since its inception was -79.33%, roughly equal to the maximum EMTY drawdown of -77.62%. Use the drawdown chart below to compare losses from any high point for SKRE and EMTY.
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Drawdown Indicators
| SKRE | EMTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.33% | -77.62% | -1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -51.44% | -13.91% | -37.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.83% | — |
Current DrawdownCurrent decline from peak | -78.96% | -76.16% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -49.09% | -54.66% | +5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.75% | 6.52% | +24.23% |
Volatility
SKRE vs. EMTY - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 10.82% compared to ProShares Decline of the Retail Store ETF (EMTY) at 6.89%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than EMTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKRE | EMTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.82% | 6.89% | +3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 30.42% | 13.96% | +16.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.86% | 18.51% | +27.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.75% | 22.49% | +32.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.75% | 25.60% | +29.15% |
SKRE vs. EMTY - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is higher than EMTY's 0.66% expense ratio.
Dividends
SKRE vs. EMTY - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 0.39%, less than EMTY's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 3.41% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
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 EMTY have a correlation of 0.53, 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 EMTY (6.89%). In terms of maximum drawdown, SKRE dropped -79.33% vs EMTY's -77.62%.
On 1-year performance, EMTY leads with -2.51% vs -50.55% for SKRE. On fees, EMTY is cheaper at 0.66% per year. On volatility, EMTY has been the lower-risk option at 6.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMTY has performed better with a -2.51% return vs -50.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMTY is cheaper with a 0.66% expense ratio, compared with 0.75% for SKRE.
EMTY has the higher dividend yield at 3.41%, compared with 0.39% for SKRE.
SKRE tracks S&P Regional Banks Select Industry, while EMTY tracks Solactive-ProShares Bricks and Mortar Retail Store Index (-100%). They also come from different issuers: Tuttle and ProShares. Their fees differ too: 0.75% for SKRE and 0.66% for EMTY.
EMTY currently has the higher Sharpe Ratio (-0.14 vs -1.11), 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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