SKRE vs. QMAR

Last updated Jun 5, 2026

SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and QMAR (FT Cboe Vest Nasdaq-100 Buffer ETF - March) are both exchange-traded funds - SKRE is a Large Cap Blend Equities fund tracking the S&P Regional Banks Select Industry, while QMAR is a Nasdaq-100 fund actively managed by First Trust. SKRE is passively managed, while QMAR is actively managed. Over the past year, SKRE returned -44.62% vs 23.15% for QMAR. At a correlation of -0.36, they often move in opposite directions. SKRE charges 0.75%/yr vs 0.90%/yr for QMAR.

Performance

SKRE vs. QMAR - 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 FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKRE achieves a -19.46% return, which is significantly lower than QMAR's 13.03% return.

SKRE

• 1D: -5.79%
• 1M: -0.94%
• YTD: -19.46%
• 6M: -20.59%
• 1Y: -44.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QMAR

• 1D: -0.02%
• 1M: 2.51%
• YTD: 13.03%
• 6M: 13.97%
• 1Y: 23.15%
• 3Y*: 16.71%
• 5Y*: 12.12%
• 10Y*: —

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

SKRE vs. QMAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	-19.46%	-31.29%	-44.51%
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March	13.03%	10.89%	16.39%

Correlation

The correlation between SKRE and QMAR is -0.38, 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	-0.38
Correlation (All Time) Calculated using the full available price history since Jan 5, 2024	-0.36

Return for Risk

SKRE vs. QMAR — 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: 2
SKRE Omega Ratio Rank: 2
SKRE Calmar Ratio Rank: 1
SKRE Martin Ratio Rank: 2

QMAR

QMAR Risk / Return Rank: 96
QMAR Sharpe Ratio Rank: 95
QMAR Sortino Ratio Rank: 97
QMAR Omega Ratio Rank: 97
QMAR Calmar Ratio Rank: 94
QMAR Martin Ratio Rank: 98

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. QMAR - 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 FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR). 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	QMAR	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	3.82	-4.77
Sortino ratio: Return per unit of downside risk	-1.41	6.00	-7.40
Omega ratio: Gain probability vs. loss probability	0.84	1.92	-1.09
Calmar ratio: Return relative to maximum drawdown	-0.91	7.24	-8.15
Martin ratio: Return relative to average drawdown	-1.36	52.23	-53.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SKRE vs. QMAR - Sharpe Ratio Comparison

The current SKRE Sharpe Ratio is -0.95, which is lower than the QMAR Sharpe Ratio of 3.82. The chart below compares the historical Sharpe Ratios of SKRE and QMAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SKRE	QMAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	3.82	-4.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.70	0.91	-1.60

Drawdowns

SKRE vs. QMAR - Drawdown Comparison

The maximum SKRE drawdown since its inception was -75.30%, which is greater than QMAR's maximum drawdown of -19.83%. Use the drawdown chart below to compare losses from any high point for SKRE and QMAR.

Drawdown Indicators

	SKRE	QMAR	Difference
Max Drawdown Largest peak-to-trough decline	-75.30%	-19.83%	-55.47%
Max Drawdown (1Y) Largest decline over 1 year	-49.06%	-3.21%	-45.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.83%	—
Current Drawdown Current decline from peak	-73.87%	-0.21%	-73.66%
Average Drawdown Average peak-to-trough decline	-47.31%	-3.28%	-44.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.79%	0.45%	+32.34%

Volatility

SKRE vs. QMAR - Volatility Comparison

Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 13.51% compared to FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR) at 1.27%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than QMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKRE	QMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.51%	1.27%	+12.24%
Volatility (6M) Calculated over the trailing 6-month period	32.12%	4.85%	+27.27%
Volatility (1Y) Calculated over the trailing 1-year period	47.16%	6.08%	+41.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.81%	13.96%	+41.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.81%	13.85%	+41.96%

SKRE vs. QMAR - Expense Ratio Comparison

SKRE has a 0.75% expense ratio, which is lower than QMAR's 0.90% expense ratio.

Dividends

SKRE vs. QMAR - Dividend Comparison

SKRE's dividend yield for the trailing twelve months is around 0.32%, while QMAR has not paid dividends to shareholders.

Position	TTM	2025	2024
QMAR FT Cboe Vest Nasdaq-100 Buffer ETF - March	0.00%	0.00%	0.00%
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	0.32%	0.26%	3.16%

Frequently Asked Questions

Can I hold both SKRE and QMAR in my portfolio?

SKRE and QMAR have a correlation of -0.38, 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 QMAR?

SKRE has higher volatility (13.51%) compared to QMAR (1.27%). In terms of maximum drawdown, SKRE dropped -75.30% vs QMAR's -19.83%.

Which ETF is better, SKRE or QMAR?

On 1-year performance, QMAR leads with 23.15% vs -44.62% for SKRE. On fees, SKRE is cheaper at 0.75% per year. On volatility, QMAR has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SKRE or QMAR?

Over the 1-year period, QMAR has performed better with a 23.15% return vs -44.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SKRE or QMAR?

SKRE is cheaper with a 0.75% expense ratio, compared with 0.90% for QMAR.

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

SKRE has the higher dividend yield at 0.32%, compared with 0.00% for QMAR.

What is the main difference between SKRE and QMAR?

SKRE is categorized as Large Cap Blend Equities, while QMAR is Nasdaq-100. They also come from different issuers: Tuttle and First Trust. Their fees differ too: 0.75% for SKRE and 0.90% for QMAR.

Which has better risk-adjusted returns?

QMAR currently has the higher Sharpe Ratio (3.82 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.