SKRE vs. SPTM
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and SPTM (SPDR Portfolio S&P 1500 Composite Stock Market ETF) are both exchange-traded funds - SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry, while SPTM is a Large Cap Blend Equities fund tracking the S&P Composite 1500 Index. Both are passively managed. Over the past year, SKRE returned -42.63% vs 19.92% for SPTM. At a correlation of -0.52, they often move in opposite directions. SKRE charges 0.75%/yr vs 0.03%/yr for SPTM.
Performance
SKRE vs. SPTM - Performance Comparison
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Returns By Period
In the year-to-date period, SKRE achieves a -34.60% return, which is significantly lower than SPTM's 10.07% return.
SKRE
- 1D
- 2.65%
- 1M
- -15.73%
- 6M
- -28.11%
- YTD
- -34.60%
- 1Y
- -42.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPTM
- 1D
- -0.99%
- 1M
- 0.64%
- 6M
- 8.12%
- YTD
- 10.07%
- 1Y
- 19.92%
- 3Y*
- 18.92%
- 5Y*
- 12.75%
- 10Y*
- 14.79%
SKRE vs. SPTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -34.60% | -31.29% | -44.47% |
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF | 10.07% | 16.93% | 25.74% |
Correlation
The correlation between SKRE and SPTM is -0.45, 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 | -0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | -0.52 |
The correlation between SKRE and SPTM has been stable across timeframes, ranging from -0.52 to -0.45 - a consistent structural relationship.
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Return for Risk
SKRE vs. SPTM — Risk / Return Rank
SKRE
SPTM
SKRE vs. SPTM - 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 SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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 | SPTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.29 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 2.30 | -3.14 |
| Martin ratioReturn relative to average drawdown | -1.47 | 10.18 | -11.65 |
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Drawdowns
SKRE vs. SPTM - Drawdown Comparison
The maximum SKRE drawdown since its inception was -79.33%, which is greater than SPTM's maximum drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for SKRE and SPTM.
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Drawdown Indicators
| SKRE | SPTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.33% | -54.80% | -24.53% |
Max Drawdown (1Y)Largest decline over 1 year | -51.44% | -8.68% | -42.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.66% | — |
Current DrawdownCurrent decline from peak | -78.79% | -1.59% | -77.20% |
Average DrawdownAverage peak-to-trough decline | -48.58% | -9.01% | -39.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.98% | 1.96% | +27.02% |
Volatility
SKRE vs. SPTM - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 12.05% compared to SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) at 3.36%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than SPTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKRE | SPTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.05% | 3.36% | +8.69% |
Volatility (6M)Calculated over the trailing 6-month period | 32.65% | 9.94% | +22.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.15% | 12.55% | +33.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.11% | 16.97% | +38.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.11% | 18.02% | +37.09% |
SKRE vs. SPTM - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is higher than SPTM's 0.03% expense ratio.
Dividends
SKRE vs. SPTM - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 0.39%, less than SPTM's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.39% | 0.26% | 3.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF | 1.07% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.56% | 1.72% | 1.90% | 1.66% | 1.91% | 1.92% |
Frequently Asked Questions
SKRE and SPTM have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKRE has higher volatility (12.05%) compared to SPTM (3.36%). In terms of maximum drawdown, SKRE dropped -79.33% vs SPTM's -54.80%.
On 1-year performance, SPTM leads with 19.92% vs -42.63% for SKRE. On fees, SPTM is cheaper at 0.03% per year. On volatility, SPTM has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPTM has performed better with a 19.92% return vs -42.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPTM is cheaper with a 0.03% expense ratio, compared with 0.75% for SKRE.
SPTM has the higher dividend yield at 1.07%, compared with 0.39% for SKRE.
SKRE is categorized as Inverse Equities, while SPTM is Large Cap Blend Equities. SKRE tracks S&P Regional Banks Select Industry, while SPTM tracks S&P Composite 1500 Index. They also come from different issuers: Tuttle and State Street. Their fees differ too: 0.75% for SKRE and 0.03% for SPTM.
SPTM currently has the higher Sharpe Ratio (1.60 vs -0.93), 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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