SKRE vs. KRE
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and KRE (SPDR S&P Regional Banking ETF) are both exchange-traded funds - SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry, while KRE is a Financials Equities fund tracking the S&P Regional Banks Select Industry Index. Both are passively managed. Over the past year, SKRE returned -49.41% vs 32.45% for KRE. Their -0.99 correlation means they have often moved in opposite directions in the past. SKRE charges 0.75%/yr vs 0.35%/yr for KRE.
Performance
SKRE vs. KRE - 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 KRE's 18.73% return.
SKRE
- 1D
- -0.47%
- 1M
- -3.55%
- 6M
- -24.32%
- YTD
- -33.64%
- 1Y
- -49.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.39%
KRE
- 1D
- 0.21%
- 1M
- 1.39%
- 6M
- 11.83%
- YTD
- 18.73%
- 1Y
- 32.45%
- 3Y*
- 19.76%
- 5Y*
- 6.87%
- 10Y*
- 9.54%
- ALL TIME*
- 4.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $961.35M | $999.45M | $1.05B | |
| $138.55K | $152.58K | $246.42K |
SKRE vs. KRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -33.64% | -31.29% | -44.47% |
KRE SPDR S&P Regional Banking ETF | 18.73% | 10.21% | 22.22% |
Correlation
The correlation between SKRE and KRE is -1.00, 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. | -1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | -0.99 |
The correlation between SKRE and KRE has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
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Return for Risk
SKRE vs. KRE — Risk / Return Rank
SKRE
KRE
SKRE vs. KRE - 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 SPDR S&P Regional Banking ETF (KRE). 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 | KRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.24 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.00 | -2.92 |
| Martin ratioReturn relative to average drawdown | -1.55 | 5.30 | -6.85 |
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Drawdowns
SKRE vs. KRE - Drawdown Comparison
The maximum SKRE drawdown since its inception was -79.33%, which is greater than KRE's maximum drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for SKRE and KRE.
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Drawdown Indicators
| SKRE | KRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.33% | -68.54% | -10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -51.44% | -14.95% | -36.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.20% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.92% | — |
Current DrawdownCurrent decline from peak | -78.48% | -2.39% | -76.09% |
Average DrawdownAverage peak-to-trough decline | -49.04% | -21.74% | -27.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.59% | 5.63% | +24.96% |
Volatility
SKRE vs. KRE - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 11.05% compared to SPDR S&P Regional Banking ETF (KRE) at 5.56%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than KRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKRE | KRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.05% | 5.56% | +5.49% |
Volatility (6M)Calculated over the trailing 6-month period | 30.36% | 15.30% | +15.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.00% | 22.91% | +23.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.78% | 29.63% | +25.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.78% | 31.76% | +23.02% |
SKRE vs. KRE - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is higher than KRE's 0.35% expense ratio.
Dividends
SKRE vs. KRE - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 0.39%, less than KRE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 2.10% | 2.45% | 2.59% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.48% | 1.40% | 1.40% | 1.80% |
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
SKRE and KRE have a correlation of -1.00, 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 KRE (5.56%). In terms of maximum drawdown, SKRE dropped -79.33% vs KRE's -68.54%.
On 1-year performance, KRE leads with 32.45% vs -49.41% for SKRE. On fees, KRE is cheaper at 0.35% per year. On volatility, KRE has been the lower-risk option at 5.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KRE has performed better with a 32.45% return vs -49.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KRE is cheaper with a 0.35% expense ratio, compared with 0.75% for SKRE.
KRE has the higher dividend yield at 2.10%, compared with 0.39% for SKRE.
SKRE is categorized as Inverse Equities, while KRE is Financials Equities. SKRE tracks S&P Regional Banks Select Industry, while KRE tracks S&P Regional Banks Select Industry Index. They also come from different issuers: Tuttle and State Street. Their fees differ too: 0.75% for SKRE and 0.35% for KRE.
KRE currently has the higher Sharpe Ratio (1.31 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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