SKRE vs. MTUM
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - SKRE is a Large Cap Blend Equities fund tracking the S&P Regional Banks Select Industry, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past year, SKRE returned -44.62% vs 40.55% for MTUM. At a correlation of -0.41, they often move in opposite directions. SKRE charges 0.75%/yr vs 0.15%/yr for MTUM.
Performance
SKRE vs. MTUM - 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 MTUM's 30.30% return.
SKRE
- 1D
- -5.79%
- 1M
- -0.94%
- YTD
- -19.46%
- 6M
- -20.59%
- 1Y
- -44.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTUM
- 1D
- -1.10%
- 1M
- 11.94%
- YTD
- 30.30%
- 6M
- 29.99%
- 1Y
- 40.55%
- 3Y*
- 34.34%
- 5Y*
- 14.96%
- 10Y*
- 17.19%
SKRE vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -19.46% | -31.29% | -44.51% |
MTUM iShares MSCI USA Momentum Factor ETF | 30.30% | 22.15% | 36.87% |
Correlation
The correlation between SKRE and MTUM is -0.37, 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 | -0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2024 | -0.41 |
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Return for Risk
SKRE vs. MTUM — Risk / Return Rank
SKRE
MTUM
SKRE vs. MTUM - 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 MSCI USA Momentum Factor ETF (MTUM). 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 | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.09 | ||
| Sortino ratioReturn per unit of downside risk | -4.30 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.38 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 3.53 | -4.44 |
| Martin ratioReturn relative to average drawdown | -1.36 | 14.10 | -15.46 |
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 | MTUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 2.14 | -3.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.70 | 0.84 | -1.54 |
Drawdowns
SKRE vs. MTUM - Drawdown Comparison
The maximum SKRE drawdown since its inception was -75.30%, which is greater than MTUM's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for SKRE and MTUM.
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Drawdown Indicators
| SKRE | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.30% | -34.08% | -41.22% |
Max Drawdown (1Y)Largest decline over 1 year | -49.06% | -11.54% | -37.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.99% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.08% | — |
Current DrawdownCurrent decline from peak | -73.87% | -1.10% | -72.77% |
Average DrawdownAverage peak-to-trough decline | -47.31% | -6.21% | -41.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.79% | 2.89% | +29.90% |
Volatility
SKRE vs. MTUM - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 13.51% compared to iShares MSCI USA Momentum Factor ETF (MTUM) at 7.67%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKRE | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.51% | 7.67% | +5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 32.12% | 16.51% | +15.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.16% | 19.08% | +28.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.81% | 20.60% | +35.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.81% | 21.03% | +34.78% |
SKRE vs. MTUM - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Dividends
SKRE vs. MTUM - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 0.32%, less than MTUM's 0.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | 0.60% | 0.91% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% |
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 MTUM have a correlation of -0.37, 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 MTUM (7.67%). In terms of maximum drawdown, SKRE dropped -75.30% vs MTUM's -34.08%.
On 1-year performance, MTUM leads with 40.55% vs -44.62% for SKRE. On fees, MTUM is cheaper at 0.15% per year. On volatility, MTUM has been the lower-risk option at 7.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MTUM has performed better with a 40.55% return vs -44.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MTUM is cheaper with a 0.15% expense ratio, compared with 0.75% for SKRE.
MTUM has the higher dividend yield at 0.60%, compared with 0.32% for SKRE.
SKRE is categorized as Large Cap Blend Equities, while MTUM is Momentum. SKRE tracks S&P Regional Banks Select Industry, while MTUM tracks MSCI USA Momentum SR Variant Index. They also come from different issuers: Tuttle and iShares. Their fees differ too: 0.75% for SKRE and 0.15% for MTUM.
MTUM currently has the higher Sharpe Ratio (2.14 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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