SKRE vs. MGC
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and MGC (Vanguard Mega Cap ETF) are both exchange-traded funds - SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry, while MGC is a Large Cap Blend Equities fund tracking the CRSP US Mega Cap Index. Both are passively managed. Over the past year, SKRE returned -50.55% vs 23.77% for MGC. Their -0.43 correlation means they have often moved in opposite directions in the past. SKRE charges 0.75%/yr vs 0.05%/yr for MGC.
Performance
SKRE vs. MGC - Performance Comparison
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Returns By Period
In the year-to-date period, SKRE achieves a -35.15% return, which is significantly lower than MGC's 10.99% return.
SKRE
- 1D
- -2.27%
- 1M
- -5.74%
- 6M
- -23.25%
- YTD
- -35.15%
- 1Y
- -50.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.81%
MGC
- 1D
- 1.55%
- 1M
- 1.66%
- 6M
- 9.37%
- YTD
- 10.99%
- 1Y
- 23.77%
- 3Y*
- 22.08%
- 5Y*
- 13.59%
- 10Y*
- 15.89%
- ALL TIME*
- 11.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.42M | $23.07M | $28.62M | |
| $121.93K | $143.27K | $245.32K |
SKRE vs. MGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -35.15% | -31.29% | -44.47% |
MGC Vanguard Mega Cap ETF | 10.99% | 19.31% | 28.87% |
Correlation
The correlation between SKRE and MGC is -0.36, 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. | -0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | -0.43 |
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Return for Risk
SKRE vs. MGC — Risk / Return Rank
SKRE
MGC
SKRE vs. MGC - 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 Vanguard Mega Cap ETF (MGC). 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 | MGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -4.23 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.31 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 2.42 | -3.41 |
| Martin ratioReturn relative to average drawdown | -1.65 | 9.79 | -11.44 |
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Drawdowns
SKRE vs. MGC - Drawdown Comparison
The maximum SKRE drawdown since its inception was -79.33%, which is greater than MGC's maximum drawdown of -52.26%. Use the drawdown chart below to compare losses from any high point for SKRE and MGC.
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Drawdown Indicators
| SKRE | MGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.33% | -52.26% | -27.07% |
Max Drawdown (1Y)Largest decline over 1 year | -51.44% | -9.85% | -41.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.28% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.07% | — |
Current DrawdownCurrent decline from peak | -78.96% | -0.62% | -78.34% |
Average DrawdownAverage peak-to-trough decline | -49.09% | -7.14% | -41.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.75% | 2.43% | +28.32% |
Volatility
SKRE vs. MGC - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 10.82% compared to Vanguard Mega Cap ETF (MGC) at 4.33%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than MGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKRE | MGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.82% | 4.33% | +6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 30.42% | 10.84% | +19.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.86% | 13.55% | +32.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.75% | 17.45% | +37.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.75% | 18.26% | +36.49% |
SKRE vs. MGC - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is higher than MGC's 0.05% expense ratio.
Dividends
SKRE vs. MGC - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 0.39%, less than MGC's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGC Vanguard Mega Cap ETF | 0.91% | 0.93% | 1.15% | 1.35% | 1.65% | 1.17% | 1.45% | 1.81% | 2.10% | 1.83% | 2.14% | 2.11% |
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 MGC have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKRE has higher volatility (10.82%) compared to MGC (4.33%). In terms of maximum drawdown, SKRE dropped -79.33% vs MGC's -52.26%.
On 1-year performance, MGC leads with 23.77% vs -50.55% for SKRE. On fees, MGC is cheaper at 0.05% per year. On volatility, MGC has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MGC has performed better with a 23.77% return vs -50.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MGC is cheaper with a 0.05% expense ratio, compared with 0.75% for SKRE.
MGC has the higher dividend yield at 0.91%, compared with 0.39% for SKRE.
SKRE is categorized as Inverse Equities, while MGC is Large Cap Blend Equities. SKRE tracks S&P Regional Banks Select Industry, while MGC tracks CRSP US Mega Cap Index. They also come from different issuers: Tuttle and Vanguard. Their fees differ too: 0.75% for SKRE and 0.05% for MGC.
MGC currently has the higher Sharpe Ratio (1.76 vs -1.11), 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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