Correlation
The correlation between SKRE and SPLG is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
SKRE vs. SPLG
Compare and contrast key facts about Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) and SPDR Portfolio S&P 500 ETF (SPLG).
SKRE and SPLG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKRE is a passively managed fund by Tuttle that tracks the performance of the S&P Regional Banks Select Industry. It was launched on Jan 4, 2024. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005. Both SKRE and SPLG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKRE or SPLG.
Performance
SKRE vs. SPLG - Performance Comparison
Loading data...
Key characteristics
SKRE:
-0.73
SPLG:
0.73
SKRE:
-0.85
SPLG:
1.04
SKRE:
0.89
SPLG:
1.15
SKRE:
-0.74
SPLG:
0.68
SKRE:
-1.05
SPLG:
2.58
SKRE:
44.44%
SPLG:
4.93%
SKRE:
64.92%
SPLG:
19.61%
SKRE:
-63.05%
SPLG:
-54.52%
SKRE:
-53.11%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, SKRE achieves a -0.68% return, which is significantly lower than SPLG's 0.89% return.
SKRE
-0.68%
-10.74%
21.47%
-47.20%
N/A
N/A
N/A
SPLG
0.89%
6.33%
-1.55%
14.28%
14.31%
15.91%
12.72%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SKRE vs. SPLG - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
SKRE vs. SPLG — Risk-Adjusted Performance Rank
SKRE
SPLG
SKRE vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
Loading data...
Dividends
SKRE vs. SPLG - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 3.18%, more than SPLG's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 3.18% | 3.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
SKRE vs. SPLG - Drawdown Comparison
The maximum SKRE drawdown since its inception was -63.05%, which is greater than SPLG's maximum drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for SKRE and SPLG.
Loading data...
Volatility
SKRE vs. SPLG - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 15.86% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 4.80%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...