SKRE vs. TEXN
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and TEXN (iShares Texas Equity ETF) are both exchange-traded funds - SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry, while TEXN is a Large Cap Blend Equities fund tracking the Russell Texas Equity Index. Both are passively managed. Over the past year, SKRE returned -50.55% vs 28.23% for TEXN. Their -0.32 correlation means they have often moved in opposite directions in the past. SKRE charges 0.75%/yr vs 0.20%/yr for TEXN.
Performance
SKRE vs. TEXN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SKRE achieves a -35.15% return, which is significantly lower than TEXN's 19.32% return.
SKRE
- 1D
- -2.27%
- 1M
- -5.74%
- 6M
- -23.25%
- YTD
- -35.15%
- 1Y
- -50.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.81%
TEXN
- 1D
- 1.07%
- 1M
- 1.08%
- 6M
- 12.08%
- YTD
- 19.32%
- 1Y
- 28.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $121.93K | $143.27K | $245.32K | |
| $55.30K | $58.46K | $79.49K |
SKRE vs. TEXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -35.15% | -27.07% |
TEXN iShares Texas Equity ETF | 19.32% | 8.33% |
Correlation
The correlation between SKRE and TEXN is -0.27, 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. | -0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025 | -0.32 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SKRE vs. TEXN — Risk / Return Rank
SKRE
TEXN
SKRE vs. TEXN - 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 iShares Texas Equity ETF (TEXN). 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 | TEXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.03 | ||
| Sortino ratioReturn per unit of downside risk | -4.52 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.34 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 3.22 | -4.20 |
| Martin ratioReturn relative to average drawdown | -1.65 | 10.99 | -12.64 |
Loading charts...
Drawdowns
SKRE vs. TEXN - Drawdown Comparison
The maximum SKRE drawdown since its inception was -79.33%, which is greater than TEXN's maximum drawdown of -8.81%. Use the drawdown chart below to compare losses from any high point for SKRE and TEXN.
Loading charts...
Drawdown Indicators
| SKRE | TEXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.33% | -8.81% | -70.52% |
Max Drawdown (1Y)Largest decline over 1 year | -51.44% | -8.81% | -42.63% |
Current DrawdownCurrent decline from peak | -78.96% | -5.48% | -73.48% |
Average DrawdownAverage peak-to-trough decline | -49.09% | -1.68% | -47.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.75% | 2.57% | +28.18% |
Volatility
SKRE vs. TEXN - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 10.82% compared to iShares Texas Equity ETF (TEXN) at 4.24%. This indicates that SKRE's price experiences larger fluctuations and is considered to be riskier than TEXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SKRE | TEXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.82% | 4.24% | +6.58% |
Volatility (6M)Calculated over the trailing 6-month period | 30.42% | 10.49% | +19.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.86% | 14.78% | +31.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.75% | 14.58% | +40.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.75% | 14.58% | +40.17% |
SKRE vs. TEXN - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is higher than TEXN's 0.20% expense ratio.
Dividends
SKRE vs. TEXN - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 0.39%, less than TEXN's 1.41% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.39% | 0.26% | 3.16% |
TEXN iShares Texas Equity ETF | 1.41% | 0.86% | 0.00% |
Frequently Asked Questions
SKRE and TEXN have a correlation of -0.27, 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 TEXN (4.24%). In terms of maximum drawdown, SKRE dropped -79.33% vs TEXN's -8.81%.
On 1-year performance, TEXN leads with 28.23% vs -50.55% for SKRE. On fees, TEXN is cheaper at 0.20% per year. On volatility, TEXN has been the lower-risk option at 4.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TEXN has performed better with a 28.23% return vs -50.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TEXN is cheaper with a 0.20% expense ratio, compared with 0.75% for SKRE.
TEXN has the higher dividend yield at 1.41%, compared with 0.39% for SKRE.
SKRE is categorized as Inverse Equities, while TEXN is Large Cap Blend Equities. SKRE tracks S&P Regional Banks Select Industry, while TEXN tracks Russell Texas Equity Index. They also come from different issuers: Tuttle and iShares. Their fees differ too: 0.75% for SKRE and 0.20% for TEXN.
TEXN currently has the higher Sharpe Ratio (1.92 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.
Find the right allocation for SKRE and TEXN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer