SKRE vs. SCHB

Last updated Jun 4, 2026

SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and SCHB (Schwab U.S. Broad Market ETF) are both Large Cap Blend Equities funds - SKRE tracks the S&P Regional Banks Select Industry while SCHB tracks the Dow Jones U.S. Broad Stock Market Index. Both are passively managed. Over the past year, SKRE returned -39.81% vs 28.12% for SCHB. At a correlation of -0.55, they often move in opposite directions. SKRE charges 0.75%/yr vs 0.03%/yr for SCHB.

Performance

SKRE vs. SCHB - 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 Schwab U.S. Broad Market ETF (SCHB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKRE achieves a -14.51% return, which is significantly lower than SCHB's 11.28% return.

SKRE

• 1D: 4.58%
• 1M: 2.45%
• YTD: -14.51%
• 6M: -16.27%
• 1Y: -39.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHB

• 1D: -0.72%
• 1M: 5.01%
• YTD: 11.28%
• 6M: 11.12%
• 1Y: 28.12%
• 3Y*: 22.11%
• 5Y*: 12.76%
• 10Y*: 15.04%

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

SKRE vs. SCHB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	-14.51%	-31.29%	-44.51%
SCHB Schwab U.S. Broad Market ETF	11.28%	16.94%	26.33%

Correlation

The correlation between SKRE and SCHB is -0.54, 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	-0.54
Correlation (All Time) Calculated using the full available price history since Jan 5, 2024	-0.55

The correlation between SKRE and SCHB has been stable across timeframes, ranging from -0.55 to -0.54 - a consistent structural relationship.

Return for Risk

SKRE vs. SCHB — 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: 2
SKRE Martin Ratio Rank: 3

SCHB

SCHB Risk / Return Rank: 68
SCHB Sharpe Ratio Rank: 69
SCHB Sortino Ratio Rank: 68
SCHB Omega Ratio Rank: 68
SCHB Calmar Ratio Rank: 62
SCHB Martin Ratio Rank: 75

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. SCHB - 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 Schwab U.S. Broad Market ETF (SCHB). 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	SCHB	Difference
Sharpe ratio Return per unit of total volatility	-0.85	2.33	-3.19
Sortino ratio Return per unit of downside risk	-1.18	3.19	-4.37
Omega ratio Gain probability vs. loss probability	0.86	1.42	-0.56
Calmar ratio Return relative to maximum drawdown	-0.81	3.17	-3.98
Martin ratio Return relative to average drawdown	-1.22	14.55	-15.77
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. SCHB - Sharpe Ratio Comparison

The current SKRE Sharpe Ratio is -0.85, which is lower than the SCHB Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of SKRE and SCHB, 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	SCHB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.85	2.33	-3.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.67	0.83	-1.50

Drawdowns

SKRE vs. SCHB - Drawdown Comparison

The maximum SKRE drawdown since its inception was -75.30%, which is greater than SCHB's maximum drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for SKRE and SCHB.

Drawdown Indicators

	SKRE	SCHB	Difference
Max Drawdown Largest peak-to-trough decline	-75.30%	-35.27%	-40.03%
Max Drawdown (1Y) Largest decline over 1 year	-49.06%	-8.91%	-40.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.27%	—
Current Drawdown Current decline from peak	-72.27%	-0.72%	-71.55%
Average Drawdown Average peak-to-trough decline	-47.26%	-4.12%	-43.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.67%	1.94%	+30.73%

Volatility

SKRE vs. SCHB - Volatility Comparison

Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 12.32% compared to Schwab U.S. Broad Market ETF (SCHB) at 3.01%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than SCHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKRE	SCHB	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.32%	3.01%	+9.31%
Volatility (6M) Calculated over the trailing 6-month period	31.62%	9.14%	+22.48%
Volatility (1Y) Calculated over the trailing 1-year period	46.92%	12.12%	+34.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.73%	17.24%	+38.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.73%	18.32%	+37.41%

SKRE vs. SCHB - Expense Ratio Comparison

SKRE has a 0.75% expense ratio, which is higher than SCHB's 0.03% expense ratio.

Dividends

SKRE vs. SCHB - Dividend Comparison

SKRE's dividend yield for the trailing twelve months is around 0.30%, less than SCHB's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHB Schwab U.S. Broad Market ETF	1.02%	1.11%	1.24%	1.40%	1.61%	1.21%	1.63%	1.80%	2.00%	1.65%	1.86%	2.00%
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	0.30%	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

Can I hold both SKRE and SCHB in my portfolio?

SKRE and SCHB have a correlation of -0.54, 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 SCHB?

SKRE has higher volatility (12.32%) compared to SCHB (3.01%). In terms of maximum drawdown, SKRE dropped -75.30% vs SCHB's -35.27%.

Which ETF is better, SKRE or SCHB?

On 1-year performance, SCHB leads with 28.12% vs -39.81% for SKRE. On fees, SCHB is cheaper at 0.03% per year. On volatility, SCHB has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SKRE or SCHB?

Over the 1-year period, SCHB has performed better with a 28.12% return vs -39.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SKRE or SCHB?

SCHB is cheaper with a 0.03% expense ratio, compared with 0.75% for SKRE.

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

SCHB has the higher dividend yield at 1.02%, compared with 0.30% for SKRE.

What is the main difference between SKRE and SCHB?

SKRE tracks S&P Regional Banks Select Industry, while SCHB tracks Dow Jones U.S. Broad Stock Market Index. They also come from different issuers: Tuttle and Charles Schwab. Their fees differ too: 0.75% for SKRE and 0.03% for SCHB.

Which has better risk-adjusted returns?

SCHB currently has the higher Sharpe Ratio (2.33 vs -0.85), 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.