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SKRE

GradeBNASDAQ Global Market

Tuttle Capital Daily 2X Inverse Regional Banks ETF

Leveraged · Leveraged & Inverse · Short Regional Banks · Inception 2024-01-03

This 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.

$6.88+0.06 (+0.81%)

As of Sep 23, 2026, 2:09 PM EDT

History starts Jan 4, 2024.
Intraday session: up, 39 prints from 6.82 to 6.88. Range 6.79 to 6.91. Use the arrow keys to read each point.$6.80$6.83$6.85$6.9010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$6M
1Y return
−30.3%
Yield · Last 12 months
0.34%
Holdings
5
Volume · 30D
0M sh
NAV per share
$6.60
52W range
low $5.70high $11.92

The ETF.net SKRE Grade

B

63/ 100

Rank 15 of 54 in Leveraged Inverse (2x & Other)⁠

Confidence High

Six-pillar profile for SKRE. Scores out of 100: Cost 98, Risk 32, Mission 99, Tradability 37, Holdings not scored, Durability 24. Strongest: Mission (99). Weakest: Durability (24). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 98
    Category rank2/54 · top 4%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 99
    Category rank2/9 · top 22%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 32
    Category rank41/53 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 37
    Category rank38/54 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 24
    Category rank50/54 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on SKRE

ETF.net Research

BRegional 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

  1. 01One narrow job: 2x the inverse of the daily move in KRE, the regional-bank basket. No margin account, no borrow, no short-sale paperwork.
  2. 020.75% a year, well below the typical leveraged bear fund and cheaper than category staples like PSQ and SVXY.
  3. 03It 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

  1. 01Daily reset: the math starts fresh every session. Over longer stretches, compounding can pull results away from 2x KRE's move for the period.
  2. 02A small fund that trades lightly next to the big inverse names, so spreads can widen. Limit orders earn their keep.
  3. 03One sector, levered, inverse. Moves run large in both directions, and a rally in regional banks cuts the other way.

SKRE Holdings

As of Sep 21, 2026, 1:15 PM
Asset class
Stocks
Holdings
5
Top-10 weight
262%
Largest holding
RECV SKRE TRS KRE EQ155.3%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—RECV SKRE TRS KRE EQ155.30%10,605,914$11M1
002—CASH AND CASH EQUIVALENTS107.16%7,318,610$7M120

Showing 1–2 of 2 holdings

SKRE Performance

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

SKRE$6,971
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SKRE $6,971. SPY $11,723. Use the arrow keys to read each point.$5,429$8,830$12,231Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−25.1%
1 month+9.3%
3 months+0.0%
1 year−30.3%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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−25.1%
2025−31.3%
2024−44.5%

History from Jan 4, 2024

SKRE in the news

ETF.net Research hasn’t filed on SKRE yet — coverage lands here as it’s written.

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 Sep 22, 2026.
0.34%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

SKRE Risk

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.
41.2%
Annualised · 31 months to Aug 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.
−1.13
vs 3-month T-bills · 31 months to Aug 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%
32 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.
−1.53
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.

SKRE Cost

Expense ratio0.75%
  • The middle half of Leveraged Inverse (2x & Other) funds
  • Median 1.44%

1 of the 53 Leveraged Inverse (2x & Other) funds charge less.

SKRE costs $75.00 a year on $10,000. The median Leveraged Inverse (2x & Other) fund costs $144.00.