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 -44.62% vs 25.86% for ITOT. At a correlation of -0.55, 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 -19.46% return, which is significantly lower than ITOT's 8.76% return.
SKRE
- 1D
- -5.79%
- 1M
- -0.94%
- YTD
- -19.46%
- 6M
- -20.59%
- 1Y
- -44.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITOT
- 1D
- -2.71%
- 1M
- 0.38%
- YTD
- 8.76%
- 6M
- 8.31%
- 1Y
- 25.86%
- 3Y*
- 21.07%
- 5Y*
- 12.18%
- 10Y*
- 14.67%
SKRE vs. ITOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -19.46% | -31.29% | -44.51% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 8.76% | 17.00% | 26.28% |
Correlation
The correlation between SKRE and ITOT is -0.54, 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 | -0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2024 | -0.55 |
The correlation between SKRE and ITOT has been stable across timeframes, ranging from -0.55 to -0.54 - 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.
| SKRE | ITOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.03 | ||
| Sortino ratioReturn per unit of downside risk | -4.21 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.37 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 2.92 | -3.83 |
| Martin ratioReturn relative to average drawdown | -1.36 | 13.34 | -14.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SKRE | ITOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 2.08 | -3.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.70 | 0.57 | -1.26 |
Drawdowns
SKRE vs. ITOT - Drawdown Comparison
The maximum SKRE drawdown since its inception was -75.30%, 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 | -75.30% | -55.20% | -20.10% |
Max Drawdown (1Y)Largest decline over 1 year | -49.06% | -8.90% | -40.16% |
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 | -73.87% | -2.95% | -70.92% |
Average DrawdownAverage peak-to-trough decline | -47.31% | -6.97% | -40.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.79% | 1.94% | +30.85% |
Volatility
SKRE vs. ITOT - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 13.51% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 3.93%. 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 | 13.51% | 3.93% | +9.58% |
Volatility (6M)Calculated over the trailing 6-month period | 32.12% | 9.56% | +22.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.16% | 12.51% | +34.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.81% | 17.39% | +38.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.81% | 18.28% | +37.53% |
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 0.32%, less than ITOT's 1.00% 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 | 1.00% | 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 | 0.32% | 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 -0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKRE has higher volatility (13.51%) compared to ITOT (3.93%). In terms of maximum drawdown, SKRE dropped -75.30% vs ITOT's -55.20%.
On 1-year performance, ITOT leads with 25.86% vs -44.62% for SKRE. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 3.93%. 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 25.86% return vs -44.62%. 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 1.00%, compared with 0.32% 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 (2.08 vs -0.95), 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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