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Launched

Tuttle Capital Daily 2X Inverse Regional Banks ETF

SKRENasdaqDThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$6.32−0.32 (−4.84%)

At close: Nov 2, 2026, 4:00 PM ET

D38/ 100

Rank 50 of 54 in Leveraged Inverse (2x & Other)

D38/100Rank 50 of 54inLeveraged Inverse (2x & Other)
Intraday session: down, 79 prints from 6.64 to 6.32. Range 6.25 to 6.53. Use the arrow keys to read each point.6.406.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$5M
1Y total return
−39.3%
Yield · Last 12 months
0.35%
Holdings
2
Avg volume · 30D
38.5K sh
52W range
low $5.70high $11.58
Launched

The ETF.net SKRE Grade

Based on 5 of 6 pillars

D

Score 38 out of 100

Category
Leveraged Inverse (2x & Other)⁠
Rank
50 of 54
Six-pillar profile for SKRE. Scores out of 100: Cost 50, Risk 29, Mission 100, Tradability 29, Holdings not scored, Durability 25. Strongest: Mission (100). Weakest: Durability (25). Based on 5 of 6 pillars.

Score 38 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C50 out of 100
    Rank 1 of 54

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 9

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D29 out of 100
    Rank 46 of 53

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D29 out of 100
    Rank 44 of 54

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D25 out of 100
    Rank 50 of 54

Our read on SKRE

ETF.net Research

In short

DRegional banks got their own wrecking ball. SKRE aims to deliver 2x the inverse of KRE's daily move in a single ticker, and it charges well under what the average leveraged bear fund asks.

Stated mandate

The Fund seeks to deliver daily inverse leveraged performance relative to the KRE ETF.

Why people hold it

  • One narrow job: 2x the inverse of the daily move in KRE, the regional-bank basket. No margin account, no borrow, no short-sale paperwork.
  • 0.75% a year, well below the typical leveraged bear fund and cheaper than category staples like PSQ and SVXY.
  • It has tracked its stated daily inverse target closely and sits in the upper half of the leveraged bear group. Trading since January 2024.

Worth knowing

  • Daily reset: the math starts fresh every session. Over longer stretches, compounding can pull results away from 2x KRE's move for the period.
  • A small fund that trades lightly next to the big inverse names, so spreads can widen. Limit orders earn their keep.
  • One sector, levered, inverse. Moves run large in both directions, and a rally in regional banks cuts the other way.

SKRE Performance

Launched Jan 3, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
SKRE$6,075
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SKRE $6,075. SPY $11,199. Use the arrow keys to read each point.$6,000$8,000$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SKRE. Periods over one year show the average yearly return.
PeriodSKRE
Year to date−27.1%
1 month−7.8%
3 months+9.8%
1 year−39.3%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SKRE
YearReturn barSKRE
2026 YTD−27.1%
2025−31.3%
2024−44.5%

History from Jan 4, 2024

SKRE in the news

SKRE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.35%Last 12 months
Payout per share
$0.02Last 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $0.42; Dec 24, 2025 $0.02. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.02
Dec 24, 2024Dec 26, 2024$0.42

$10,000 in SKRE 1 year ago paid $21.28 in dividends.

SKRE Risk

Risk pillarD29 out of 100Rank 46 of 53 in Leveraged Inverse (2x & Other)

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
41.0%
Annualised · 33 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−1.05
vs 3-month T-bills · 33 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−79.5%
33 months · trough Aug 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−1.59
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SKRE Cost

Compare SKRE and QQQD

Overpaying vs QQQD, cheapest in Leveraged Inverse (2x & Other)

$4,503

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SKRE 0.75%

    $14,482

  • QQQD 0.50% Cheapest

    $9,979

$10,000
30 years

Cost over time

  • SKRE 0.75%
  • QQQD 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SKRE $14,482QQQD $9,979

Year by year

YearSKREQQQDOverpaying
10$1,336$900$436
20$5,078$3,460$1,618
30$14,482$9,979$4,503

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