SKRE vs. FTAG

Last updated Aug 2, 2026

SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and FTAG (First Trust Indxx Global Agriculture ETF) are both exchange-traded funds - SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry, while FTAG is a Large Cap Blend Equities fund tracking the Indxx Global Agriculture Index. Both are passively managed. Over the past year, SKRE returned -49.41% vs 13.22% for FTAG. Their -0.43 correlation means they have often moved in opposite directions in the past. SKRE charges 0.75%/yr vs 0.70%/yr for FTAG.

Performance

SKRE vs. FTAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) and First Trust Indxx Global Agriculture ETF (FTAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKRE achieves a -33.64% return, which is significantly lower than FTAG's 11.55% return.

SKRE

• 1D: -0.47%
• 1M: -3.55%
• 6M: -24.32%
• YTD: -33.64%
• 1Y: -49.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -41.39%

FTAG

• 1D: -2.10%
• 1M: -1.11%
• 6M: 3.82%
• YTD: 11.55%
• 1Y: 13.22%
• 3Y*: 2.62%
• 5Y*: 1.86%
• 10Y*: 5.40%
• ALL TIME*: -8.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTAG First Trust Indxx Global Agriculture ETF	$71.78K	$63.89K	$178.26K
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	$138.55K	$152.58K	$246.42K

SKRE vs. FTAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	-33.64%	-31.29%	-44.47%
FTAG First Trust Indxx Global Agriculture ETF	11.55%	14.82%	-5.70%

Correlation

The correlation between SKRE and FTAG is -0.35, 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.	-0.35
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024	-0.43

Return for Risk

SKRE vs. FTAG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SKRE

SKRE Risk / Return Rank: 1
SKRE Sharpe Ratio Rank: 1
SKRE Sortino Ratio Rank: 1
SKRE Omega Ratio Rank: 1
SKRE Calmar Ratio Rank: 1
SKRE Martin Ratio Rank: 0

FTAG

FTAG Risk / Return Rank: 33
FTAG Sharpe Ratio Rank: 33
FTAG Sortino Ratio Rank: 33
FTAG Omega Ratio Rank: 31
FTAG Calmar Ratio Rank: 36
FTAG Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SKRE vs. FTAG - 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 First Trust Indxx Global Agriculture ETF (FTAG). 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	FTAG	Difference
Sharpe ratio: Return per unit of total volatility	-1.04	0.83	-1.86
Sortino ratio: Return per unit of downside risk	-1.61	1.27	-2.88
Omega ratio: Gain probability vs. loss probability	0.82	1.15	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.92	1.24	-2.17
Martin ratio: Return relative to average drawdown	-1.55	2.74	-4.29

SKRE vs. FTAG - Sharpe Ratio Comparison

The current SKRE Sharpe Ratio is -1.04, which is lower than the FTAG Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of SKRE and FTAG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SKRE vs. FTAG - Drawdown Comparison

The maximum SKRE drawdown since its inception was -79.33%, smaller than the maximum FTAG drawdown of -90.89%. Use the drawdown chart below to compare losses from any high point for SKRE and FTAG.

Drawdown Indicators

	SKRE	FTAG	Difference
Max Drawdown Largest peak-to-trough decline	-79.33%	-90.89%	+11.56%
Max Drawdown (1Y) Largest decline over 1 year	-51.44%	-9.56%	-41.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.79%	—
Current Drawdown Current decline from peak	-78.48%	-78.42%	-0.06%
Average Drawdown Average peak-to-trough decline	-49.04%	-71.30%	+22.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.59%	4.33%	+26.26%

Volatility

SKRE vs. FTAG - Volatility Comparison

Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 11.05% compared to First Trust Indxx Global Agriculture ETF (FTAG) at 4.15%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than FTAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKRE	FTAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.05%	4.15%	+6.90%
Volatility (6M) Calculated over the trailing 6-month period	30.36%	11.27%	+19.09%
Volatility (1Y) Calculated over the trailing 1-year period	46.00%	14.31%	+31.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.78%	17.42%	+37.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.78%	19.44%	+35.34%

SKRE vs. FTAG - Expense Ratio Comparison

SKRE has a 0.75% expense ratio, which is higher than FTAG's 0.70% expense ratio.

Dividends

SKRE vs. FTAG - Dividend Comparison

SKRE's dividend yield for the trailing twelve months is around 0.39%, less than FTAG's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTAG First Trust Indxx Global Agriculture ETF	1.30%	1.39%	2.89%	3.68%	1.77%	1.58%	1.72%	2.33%	2.16%	1.26%	0.61%	1.35%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SKRE and FTAG in my portfolio?

SKRE and FTAG have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SKRE or FTAG?

SKRE has higher volatility (11.05%) compared to FTAG (4.15%). In terms of maximum drawdown, SKRE dropped -79.33% vs FTAG's -90.89%.

Which ETF is better, SKRE or FTAG?

On 1-year performance, FTAG leads with 13.22% vs -49.41% for SKRE. On fees, FTAG is cheaper at 0.70% per year. On volatility, FTAG has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SKRE or FTAG?

Over the 1-year period, FTAG has performed better with a 13.22% return vs -49.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SKRE or FTAG?

FTAG is cheaper with a 0.70% expense ratio, compared with 0.75% for SKRE.

Which ETF pays a higher dividend yield, SKRE or FTAG?

FTAG has the higher dividend yield at 1.30%, compared with 0.39% for SKRE.

What is the main difference between SKRE and FTAG?

SKRE is categorized as Inverse Equities, while FTAG is Large Cap Blend Equities. SKRE tracks S&P Regional Banks Select Industry, while FTAG tracks Indxx Global Agriculture Index. They also come from different issuers: Tuttle and First Trust. Their fees differ too: 0.75% for SKRE and 0.70% for FTAG.

Which has better risk-adjusted returns?

FTAG currently has the higher Sharpe Ratio (0.83 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.