SKRE vs. SPUU
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and SPUU (Direxion Daily S&P 500 Bull 2X ETF) are both exchange-traded funds - SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry, while SPUU is a Leveraged Equities fund tracking the S&P 500 Index (200% Daily). Both are passively managed. Over the past year, SKRE returned -50.55% vs 42.24% for SPUU. Their -0.48 correlation means they have often moved in opposite directions in the past. SKRE charges 0.75%/yr vs 0.60%/yr for SPUU.
Performance
SKRE vs. SPUU - Performance Comparison
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Returns By Period
In the year-to-date period, SKRE achieves a -35.15% return, which is significantly lower than SPUU's 20.19% return.
SKRE
- 1D
- -2.27%
- 1M
- -5.74%
- 6M
- -23.25%
- YTD
- -35.15%
- 1Y
- -50.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.81%
SPUU
- 1D
- 2.97%
- 1M
- 3.22%
- 6M
- 15.98%
- YTD
- 20.19%
- 1Y
- 42.24%
- 3Y*
- 34.65%
- 5Y*
- 18.35%
- 10Y*
- 23.85%
- ALL TIME*
- 21.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $121.93K | $143.27K | $245.32K | |
| $4.50M | $4.98M | $4.51M |
SKRE vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -35.15% | -31.29% | -44.47% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 20.19% | 26.55% | 48.48% |
Correlation
The correlation between SKRE and SPUU is -0.41, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | -0.48 |
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Return for Risk
SKRE vs. SPUU — Risk / Return Rank
SKRE
SPUU
SKRE vs. SPUU - 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 Direxion Daily S&P 500 Bull 2X ETF (SPUU). 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 | SPUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.28 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 2.33 | -3.32 |
| Martin ratioReturn relative to average drawdown | -1.65 | 9.41 | -11.06 |
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Drawdowns
SKRE vs. SPUU - Drawdown Comparison
The maximum SKRE drawdown since its inception was -79.33%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for SKRE and SPUU.
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Drawdown Indicators
| SKRE | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.33% | -59.35% | -19.98% |
Max Drawdown (1Y)Largest decline over 1 year | -51.44% | -18.19% | -33.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -78.96% | -0.97% | -77.99% |
Average DrawdownAverage peak-to-trough decline | -49.09% | -9.43% | -39.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.75% | 4.50% | +26.25% |
Volatility
SKRE vs. SPUU - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 10.82% compared to Direxion Daily S&P 500 Bull 2X ETF (SPUU) at 7.66%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKRE | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.82% | 7.66% | +3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 30.42% | 20.55% | +9.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.86% | 25.83% | +20.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.75% | 33.73% | +21.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.75% | 35.81% | +18.94% |
SKRE vs. SPUU - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is higher than SPUU's 0.60% expense ratio.
Dividends
SKRE vs. SPUU - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 0.39%, less than SPUU's 1.31% 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% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 1.31% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
Frequently Asked Questions
SKRE and SPUU have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKRE has higher volatility (10.82%) compared to SPUU (7.66%). In terms of maximum drawdown, SKRE dropped -79.33% vs SPUU's -59.35%.
On 1-year performance, SPUU leads with 42.24% vs -50.55% for SKRE. On fees, SPUU is cheaper at 0.60% per year. On volatility, SPUU has been the lower-risk option at 7.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPUU has performed better with a 42.24% return vs -50.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPUU is cheaper with a 0.60% expense ratio, compared with 0.75% for SKRE.
SPUU has the higher dividend yield at 1.31%, compared with 0.39% for SKRE.
SKRE is categorized as Inverse Equities, while SPUU is Leveraged Equities. SKRE tracks S&P Regional Banks Select Industry, while SPUU tracks S&P 500 Index (200% Daily). They also come from different issuers: Tuttle and Direxion. Their fees differ too: 0.75% for SKRE and 0.60% for SPUU.
SPUU currently has the higher Sharpe Ratio (1.65 vs -1.11), 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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