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 -48.72% vs 45.28% for MTUM. At a correlation of -0.39, 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 -30.58% return, which is significantly lower than MTUM's 35.82% return.
SKRE
- 1D
- -2.00%
- 1M
- -13.45%
- YTD
- -30.58%
- 6M
- -26.47%
- 1Y
- -48.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MTUM
- 1D
- 3.32%
- 1M
- 8.16%
- YTD
- 35.82%
- 6M
- 33.08%
- 1Y
- 45.28%
- 3Y*
- 35.42%
- 5Y*
- 15.79%
- 10Y*
- 17.88%
SKRE vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -30.58% | -31.29% | -44.47% |
MTUM iShares MSCI USA Momentum Factor ETF | 35.82% | 22.15% | 36.52% |
Correlation
The correlation between SKRE and MTUM is -0.31, 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 | -0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | -0.39 |
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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.
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 | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.11 | ||
| Sortino ratioReturn per unit of downside risk | -4.35 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.37 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -1.04 | 3.94 | -4.98 |
| Martin ratioReturn relative to average drawdown | -1.83 | 14.99 | -16.82 |
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Drawdowns
SKRE vs. MTUM - Drawdown Comparison
The maximum SKRE drawdown since its inception was -77.48%, 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 | -77.48% | -34.08% | -43.40% |
Max Drawdown (1Y)Largest decline over 1 year | -47.09% | -11.54% | -35.55% |
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 | -77.48% | -1.71% | -75.77% |
Average DrawdownAverage peak-to-trough decline | -47.87% | -6.19% | -41.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.67% | 3.03% | +25.64% |
Volatility
SKRE vs. MTUM - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) and iShares MSCI USA Momentum Factor ETF (MTUM) have volatilities of 12.48% and 12.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 12.48% | 12.20% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 32.11% | 19.59% | +12.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.66% | 22.09% | +24.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.39% | 21.20% | +34.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.39% | 21.33% | +34.06% |
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 0.37%, less than MTUM's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | 0.55% | 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 | 0.37% | 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 MTUM have a correlation of -0.31, 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 MTUM (12.20%). In terms of maximum drawdown, SKRE dropped -77.48% vs MTUM's -34.08%.
On 1-year performance, MTUM leads with 45.28% vs -48.72% for SKRE. On fees, MTUM is cheaper at 0.15% per year. On volatility, MTUM has been the lower-risk option at 12.20%. 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 45.28% return vs -48.72%. 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 0.55%, compared with 0.37% 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 (2.06 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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