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SKRE vs SVXY

Tuttle Capital Daily 2X Inverse Regional Banks ETF

SKREDNasdaq

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

Overlap

Expense ratio

SKRE −0.20pt a year

SKRE0.75%SVXY0.95%

Avg volume · 30D

SVXY 38.7×the volume

SKRE38.5KSVXY1.49M

SKRE vs SVXY Performance

Oct 31, 2025 – Oct 30, 2026

−39.3%SKRE+21.9%SVXY

Oct 31, 2025 to Oct 30, 2026. SKRE −39.3%. SVXY +21.9%. Use the arrow keys to read each point.−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
SKRE 0.75%, better
SVXY 0.95%
Fund size
SKRE $5M
SVXY $201M
1Y total return
SKRE −39.3%
SVXY +21.9%, better
Yield (12M)
SKRE 0.35%
SVXY No data
Holdings
SKRE 2
SVXY 1
Avg volume (30D)
SKRE 38.5K sh
SVXY 1.49M sh, better
NAV per share
SKRE $6.48
SVXY $60.55
52W range

ETF.net Grade

SKRE: Cost 50, Risk 29, Mission 100, Tradability 29, Holdings not scored, Durability 25. SVXY: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76.
Pillar letters and Scores for SKRE, SVXY, with each pillar’s weight
PillarSKRESVXY
Cost30% weightC50C50
Mission25% weightA100Not scored
Risk15% weightD29A75Higher
Tradability15% weightD29A84Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD25A76Higher

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SKRE and SVXY are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

SVXY ranks 1st and SKRE 50th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  3. Rank 3BPSQProShares Short QQQScore 64
  4. Rank 50DSDDProShares UltraShort SmallCap600Score 38
  5. Rank 50DSKRETuttle Capital Daily 2X Inverse Regional Banks ETFScore 38
  6. Rank 52DTSXDDirexion Daily Semiconductors Top 5 Bear 2X ETFScore 34

Our read on each fund

ETF.net Research

SKREDTuttle Capital Daily 2X Inverse Regional Banks ETF

SVXYBProShares Short VIX Short-Term Futures ETF

In short

SKRE Regional 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.

SVXY Short volatility, half dose. SVXY targets one-half the inverse of a VIX short-term futures index each day, a deliberately de-tuned take on the short-vol trade, and it has run that mandate since 2011.

Stated mandate

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

SVXY SVXY seeks daily results equal to one-half the inverse of the S&P 500 VIX Short-Term Futures Index. Its objective is measured daily, so returns over longer periods can differ from the stated daily target.

Why people hold it

  • SKRE 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.
  • SVXY The half-strength design is the whole idea: a -0.5x daily target rather than full inverse, so a jump in VIX futures lands with half the force of a one-for-one short.proshares.com
  • 0.95% a year sits below the typical leveraged and inverse fund, and among that crowd this is one of the stronger implementations in its peer group.
  • Launched in 2011 and actively traded, so it has a long operating history and a working market for getting in and out.

Worth knowing

  • SKRE 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.
  • SVXY The objective resets daily. Hold longer and compounding takes over, so results over weeks or months can look nothing like half the inverse of the index.proshares.com
  • It is a commodity pool holding VIX futures, not a basket of stocks. Reporting and tax treatment follow different rules than a standard equity ETF.proshares.com
  • Pure price vehicle with no distribution stream, and volatility spikes arrive fast, which is exactly what a short-vol position is on the wrong side of.

Full SKRE profile⁠

Full SVXY profile⁠

SKRE vs SVXY Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SKRE vs SVXY Cost

Overpaying SVXY vs SKRE

$3,387

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

  • SKRE 0.75%

    $14,482

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • SKRE 0.75%
  • SVXY 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SVXY $17,869SKRE $14,482

Year by year

YearSKRESVXYOverpaying
10$1,336$1,678$342
20$5,078$6,322$1,244
30$14,482$17,869$3,387

Expense ratio

  • 0.75%SKRE, cheaper
  • 0.95%SVXY
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

SKRE 3rd cheapest of 53 funds

SVXY 6th cheapest of 53 funds

SKRE vs SVXY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SKRE 0.35%
SVXY No data
Payout (12M)
SKRE $0.02
SVXY None
Last payment
SKRE $0.02
SVXY No data
Ex-dividend
SKRE Dec 24, 2025
SVXY No data
Paid on
SKRE Dec 26, 2025
SVXY No data
Frequency
SKRE Annual
SVXY No data

Distribution history

Per share, 2024 to 2026, same scale for both

SKREAnnual · 2 paymentsAll SKRE payments⁠
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.$0$0.252026YTD
SVXYAll SVXY payments⁠

No distribution history available.

SKRE vs SVXY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SKRE 41.0%since Feb 2024SVXY 26.5%
Return per unit of riskSharpe ratio, 3 years
SKRE −1.05since Feb 2024SVXY 0.42
Worst fallMax drawdown, 5 years
SKRE −79.5%since Jan 2024SVXY −46.4%
Market sensitivityBeta, 5 years
SKRE −1.59SVXY 1.32

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