USD vs. SKRE
USD (ProShares Ultra Semiconductors) and SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) are both exchange-traded funds - USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%), while SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry. Both are passively managed. Over the past year, USD returned 98.72% vs -50.55% for SKRE. Their -0.19 correlation means they have often moved in opposite directions in the past. USD charges 0.95%/yr vs 0.75%/yr for SKRE.
Performance
USD vs. SKRE - Performance Comparison
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Returns By Period
In the year-to-date period, USD achieves a 55.27% return, which is significantly higher than SKRE's -35.15% return.
USD
- 1D
- 3.34%
- 1M
- -7.07%
- 6M
- 41.04%
- YTD
- 55.27%
- 1Y
- 98.72%
- 3Y*
- 95.45%
- 5Y*
- 54.39%
- 10Y*
- 53.94%
- ALL TIME*
- 28.27%
SKRE
- 1D
- -2.27%
- 1M
- -5.74%
- 6M
- -23.25%
- YTD
- -35.15%
- 1Y
- -50.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $121.93K | $143.27K | $245.32K | |
| $71.31M | $70.59M | $96.20M |
USD vs. SKRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USD ProShares Ultra Semiconductors | 55.27% | 62.08% | 166.15% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -35.15% | -31.29% | -44.47% |
Correlation
The correlation between USD and SKRE is -0.11, 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. | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | -0.19 |
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Return for Risk
USD vs. SKRE — Risk / Return Rank
USD
SKRE
USD vs. SKRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) and Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE). 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.
| USD | SKRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.67 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.80 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | -0.99 | +3.51 |
| Martin ratioReturn relative to average drawdown | 7.21 | -1.65 | +8.86 |
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Drawdowns
USD vs. SKRE - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than SKRE's maximum drawdown of -79.33%. Use the drawdown chart below to compare losses from any high point for USD and SKRE.
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Drawdown Indicators
| USD | SKRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -79.33% | -9.30% |
Max Drawdown (1Y)Largest decline over 1 year | -39.33% | -51.44% | +12.11% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | — | — |
Current DrawdownCurrent decline from peak | -28.27% | -78.96% | +50.69% |
Average DrawdownAverage peak-to-trough decline | -32.23% | -49.09% | +16.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.74% | 30.75% | -17.01% |
Volatility
USD vs. SKRE - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 27.45% compared to Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) at 10.82%. This indicates that USD's price experiences larger fluctuations and is considered to be riskier than SKRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USD | SKRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.45% | 10.82% | +16.63% |
Volatility (6M)Calculated over the trailing 6-month period | 61.08% | 30.42% | +30.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.76% | 45.86% | +27.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.77% | 54.75% | +24.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.41% | 54.75% | +15.66% |
USD vs. SKRE - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is higher than SKRE's 0.75% expense ratio.
Dividends
USD vs. SKRE - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.37%, less than SKRE's 0.39% 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% |
USD ProShares Ultra Semiconductors | 0.37% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
USD and SKRE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (27.45%) compared to SKRE (10.82%). In terms of maximum drawdown, USD dropped -88.63% vs SKRE's -79.33%.
On 1-year performance, USD leads with 98.72% vs -50.55% for SKRE. On fees, SKRE is cheaper at 0.75% per year. On volatility, SKRE has been the lower-risk option at 10.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USD has performed better with a 98.72% return vs -50.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKRE is cheaper with a 0.75% expense ratio, compared with 0.95% for USD.
SKRE has the higher dividend yield at 0.39%, compared with 0.37% for USD.
USD is categorized as Leveraged Equities, while SKRE is Inverse Equities. USD tracks Dow Jones U.S. Semiconductors Index (200%), while SKRE tracks S&P Regional Banks Select Industry. They also come from different issuers: ProShares and Tuttle. Their fees differ too: 0.95% for USD and 0.75% for SKRE.
USD currently has the higher Sharpe Ratio (1.35 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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