SKRE vs. PSMD

Last updated Jul 14, 2026

SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and PSMD (Pacer Swan SOS Moderate (December) ETF) are both exchange-traded funds - SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry, while PSMD is a Defined Outcome fund actively managed by Pacer. SKRE is passively managed, while PSMD is actively managed. Over the past year, SKRE returned -40.68% vs 12.56% for PSMD. At a correlation of -0.45, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

SKRE vs. PSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) and Pacer Swan SOS Moderate (December) ETF (PSMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKRE achieves a -31.48% return, which is significantly lower than PSMD's 5.98% return.

SKRE

• 1D: 0.15%
• 1M: -6.10%
• 6M: -27.31%
• YTD: -31.48%
• 1Y: -40.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSMD

• 1D: -0.28%
• 1M: 0.95%
• 6M: 4.94%
• YTD: 5.98%
• 1Y: 12.56%
• 3Y*: 11.84%
• 5Y*: 9.18%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SKRE vs. PSMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	-31.48%	-31.29%	-44.47%
PSMD Pacer Swan SOS Moderate (December) ETF	5.98%	11.45%	13.53%

Correlation

The correlation between SKRE and PSMD is -0.42, 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	-0.42
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024	-0.45

Return for Risk

SKRE vs. PSMD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SKRE

SKRE Risk / Return Rank: 2
SKRE Sharpe Ratio Rank: 2
SKRE Sortino Ratio Rank: 3
SKRE Omega Ratio Rank: 3
SKRE Calmar Ratio Rank: 2
SKRE Martin Ratio Rank: 1

PSMD

PSMD Risk / Return Rank: 85
PSMD Sharpe Ratio Rank: 86
PSMD Sortino Ratio Rank: 89
PSMD Omega Ratio Rank: 90
PSMD Calmar Ratio Rank: 71
PSMD Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SKRE vs. PSMD - 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 Pacer Swan SOS Moderate (December) ETF (PSMD). 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	PSMD	Difference
Sharpe ratio: Return per unit of total volatility	-0.88	2.19	-3.07
Sortino ratio: Return per unit of downside risk	-1.25	3.26	-4.51
Omega ratio: Gain probability vs. loss probability	0.86	1.45	-0.59
Calmar ratio: Return relative to maximum drawdown	-0.83	2.85	-3.69
Martin ratio: Return relative to average drawdown	-1.44	14.78	-16.22

SKRE vs. PSMD - Sharpe Ratio Comparison

The current SKRE Sharpe Ratio is -0.88, which is lower than the PSMD Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of SKRE and PSMD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SKRE vs. PSMD - Drawdown Comparison

The maximum SKRE drawdown since its inception was -78.32%, which is greater than PSMD's maximum drawdown of -11.96%. Use the drawdown chart below to compare losses from any high point for SKRE and PSMD.

Drawdown Indicators

	SKRE	PSMD	Difference
Max Drawdown Largest peak-to-trough decline	-78.32%	-11.96%	-66.36%
Max Drawdown (1Y) Largest decline over 1 year	-49.07%	-4.42%	-44.65%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.96%	—
Current Drawdown Current decline from peak	-77.77%	-0.28%	-77.49%
Average Drawdown Average peak-to-trough decline	-48.39%	-1.64%	-46.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.32%	0.85%	+27.47%

Volatility

SKRE vs. PSMD - Volatility Comparison

Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 11.56% compared to Pacer Swan SOS Moderate (December) ETF (PSMD) at 1.95%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than PSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKRE	PSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.56%	1.95%	+9.61%
Volatility (6M) Calculated over the trailing 6-month period	32.34%	4.90%	+27.44%
Volatility (1Y) Calculated over the trailing 1-year period	46.52%	5.76%	+40.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.15%	8.64%	+46.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.15%	8.44%	+46.71%

SKRE vs. PSMD - Expense Ratio Comparison

Both SKRE and PSMD have an expense ratio of 0.75%.

Dividends

SKRE vs. PSMD - Dividend Comparison

SKRE's dividend yield for the trailing twelve months is around 0.37%, while PSMD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
PSMD Pacer Swan SOS Moderate (December) ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.47%
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	0.37%	0.26%	3.16%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SKRE and PSMD in my portfolio?

SKRE and PSMD have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SKRE or PSMD?

SKRE has higher volatility (11.56%) compared to PSMD (1.95%). In terms of maximum drawdown, SKRE dropped -78.32% vs PSMD's -11.96%.

Which ETF is better, SKRE or PSMD?

On 1-year performance, PSMD leads with 12.56% vs -40.68% for SKRE. Both ETFs have the same 0.75% expense ratio. On volatility, PSMD has been the lower-risk option at 1.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SKRE or PSMD?

Over the 1-year period, PSMD has performed better with a 12.56% return vs -40.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SKRE or PSMD?

SKRE and PSMD have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, SKRE or PSMD?

SKRE has the higher dividend yield at 0.37%, compared with 0.00% for PSMD.

What is the main difference between SKRE and PSMD?

SKRE is categorized as Inverse Equities, while PSMD is Defined Outcome. They also come from different issuers: Tuttle and Pacer.

Which has better risk-adjusted returns?

PSMD currently has the higher Sharpe Ratio (2.19 vs -0.88), 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.