SKRE vs. FTXO
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and FTXO (First Trust Nasdaq Bank ETF) are both exchange-traded funds - SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry, while FTXO is a Financials Equities fund tracking the NASDAQ US Banks Index. Both are passively managed. Over the past year, SKRE returned -49.41% vs 31.44% for FTXO. Their -0.93 correlation means they have often moved in opposite directions in the past. SKRE charges 0.75%/yr vs 0.60%/yr for FTXO.
Performance
SKRE vs. FTXO - 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 FTXO's 13.13% return.
SKRE
- 1D
- -0.47%
- 1M
- -3.55%
- 6M
- -24.32%
- YTD
- -33.64%
- 1Y
- -49.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.39%
FTXO
- 1D
- 0.23%
- 1M
- 1.50%
- 6M
- 10.69%
- YTD
- 13.13%
- 1Y
- 31.44%
- 3Y*
- 24.65%
- 5Y*
- 9.91%
- 10Y*
- —
- ALL TIME*
- 10.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.26M | $3.76M | $4.07M | |
| $138.55K | $152.58K | $246.42K |
SKRE vs. FTXO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -33.64% | -31.29% | -44.47% |
FTXO First Trust Nasdaq Bank ETF | 13.13% | 21.32% | 30.45% |
Correlation
The correlation between SKRE and FTXO is -0.91, 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. | -0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | -0.93 |
The correlation between SKRE and FTXO has been stable across timeframes, ranging from -0.93 to -0.91 - a consistent structural relationship.
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Return for Risk
SKRE vs. FTXO — Risk / Return Rank
SKRE
FTXO
SKRE vs. FTXO - 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 Nasdaq Bank ETF (FTXO). 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 | FTXO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.50 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.24 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 1.71 | -2.63 |
| Martin ratioReturn relative to average drawdown | -1.55 | 4.77 | -6.33 |
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Drawdowns
SKRE vs. FTXO - Drawdown Comparison
The maximum SKRE drawdown since its inception was -79.33%, which is greater than FTXO's maximum drawdown of -55.26%. Use the drawdown chart below to compare losses from any high point for SKRE and FTXO.
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Drawdown Indicators
| SKRE | FTXO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.33% | -55.26% | -24.07% |
Max Drawdown (1Y)Largest decline over 1 year | -51.44% | -16.69% | -34.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.55% | — |
Current DrawdownCurrent decline from peak | -78.48% | -1.45% | -77.03% |
Average DrawdownAverage peak-to-trough decline | -49.04% | -15.64% | -33.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.59% | 5.96% | +24.63% |
Volatility
SKRE vs. FTXO - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 11.05% compared to First Trust Nasdaq Bank ETF (FTXO) at 5.21%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than FTXO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKRE | FTXO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.05% | 5.21% | +5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 30.36% | 15.50% | +14.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.00% | 20.87% | +25.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.78% | 26.69% | +28.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.78% | 29.83% | +24.95% |
SKRE vs. FTXO - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is higher than FTXO's 0.60% expense ratio.
Dividends
SKRE vs. FTXO - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 0.39%, less than FTXO's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTXO First Trust Nasdaq Bank ETF | 1.72% | 1.92% | 2.18% | 3.20% | 2.94% | 1.64% | 2.74% | 2.53% | 3.51% | 1.09% | 0.16% |
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% |
Frequently Asked Questions
SKRE and FTXO have a correlation of -0.91, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKRE has higher volatility (11.05%) compared to FTXO (5.21%). In terms of maximum drawdown, SKRE dropped -79.33% vs FTXO's -55.26%.
On 1-year performance, FTXO leads with 31.44% vs -49.41% for SKRE. On fees, FTXO is cheaper at 0.60% per year. On volatility, FTXO has been the lower-risk option at 5.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTXO has performed better with a 31.44% return vs -49.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTXO is cheaper with a 0.60% expense ratio, compared with 0.75% for SKRE.
FTXO has the higher dividend yield at 1.72%, compared with 0.39% for SKRE.
SKRE is categorized as Inverse Equities, while FTXO is Financials Equities. SKRE tracks S&P Regional Banks Select Industry, while FTXO tracks NASDAQ US Banks Index. They also come from different issuers: Tuttle and First Trust. Their fees differ too: 0.75% for SKRE and 0.60% for FTXO.
FTXO currently has the higher Sharpe Ratio (1.37 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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