SKRE vs. ITOT
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds - SKRE tracks the S&P Regional Banks Select Industry while ITOT tracks the S&P Total Market Index. Both are passively managed. Over the past year, SKRE returned -48.72% vs 22.95% for ITOT. At a correlation of -0.54, they often move in opposite directions. SKRE charges 0.75%/yr vs 0.03%/yr for ITOT.
Performance
SKRE vs. ITOT - Performance Comparison
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Returns By Period
In the year-to-date period, SKRE achieves a -30.58% return, which is significantly lower than ITOT's 8.95% return.
SKRE
- 1D
- -2.00%
- 1M
- -13.45%
- YTD
- -30.58%
- 6M
- -26.47%
- 1Y
- -48.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITOT
- 1D
- 0.08%
- 1M
- -1.51%
- YTD
- 8.95%
- 6M
- 7.49%
- 1Y
- 22.95%
- 3Y*
- 20.80%
- 5Y*
- 11.85%
- 10Y*
- 15.35%
SKRE vs. ITOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -30.58% | -31.29% | -44.47% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 8.95% | 17.00% | 25.95% |
Correlation
The correlation between SKRE and ITOT is -0.48, 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 | -0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | -0.54 |
The correlation between SKRE and ITOT has been stable across timeframes, ranging from -0.54 to -0.48 - a consistent structural relationship.
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Return for Risk
SKRE vs. ITOT — Risk / Return Rank
SKRE
ITOT
SKRE vs. ITOT - 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 iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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 | ITOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -4.12 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.32 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -1.04 | 2.59 | -3.63 |
| Martin ratioReturn relative to average drawdown | -1.83 | 11.40 | -13.22 |
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Drawdowns
SKRE vs. ITOT - Drawdown Comparison
The maximum SKRE drawdown since its inception was -77.48%, which is greater than ITOT's maximum drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for SKRE and ITOT.
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Drawdown Indicators
| SKRE | ITOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.48% | -55.20% | -22.28% |
Max Drawdown (1Y)Largest decline over 1 year | -47.09% | -8.90% | -38.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -77.48% | -2.78% | -74.70% |
Average DrawdownAverage peak-to-trough decline | -47.87% | -6.96% | -40.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.67% | 2.02% | +26.65% |
Volatility
SKRE vs. ITOT - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 12.48% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 4.87%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKRE | ITOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.48% | 4.87% | +7.61% |
Volatility (6M)Calculated over the trailing 6-month period | 32.11% | 10.00% | +22.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.66% | 12.77% | +33.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.39% | 17.46% | +37.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.39% | 18.27% | +37.12% |
SKRE vs. ITOT - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is higher than ITOT's 0.03% expense ratio.
Dividends
SKRE vs. ITOT - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 0.37%, less than ITOT's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITOT iShares Core S&P Total U.S. Stock Market ETF | 1.02% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.37% | 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
SKRE and ITOT have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKRE has higher volatility (12.48%) compared to ITOT (4.87%). In terms of maximum drawdown, SKRE dropped -77.48% vs ITOT's -55.20%.
On 1-year performance, ITOT leads with 22.95% vs -48.72% for SKRE. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 4.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ITOT has performed better with a 22.95% return vs -48.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITOT is cheaper with a 0.03% expense ratio, compared with 0.75% for SKRE.
ITOT has the higher dividend yield at 1.02%, compared with 0.37% for SKRE.
SKRE tracks S&P Regional Banks Select Industry, while ITOT tracks S&P Total Market Index. They also come from different issuers: Tuttle and iShares. Their fees differ too: 0.75% for SKRE and 0.03% for ITOT.
ITOT currently has the higher Sharpe Ratio (1.80 vs -1.05), 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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