SKRE vs SPY
Tuttle Capital Daily 2X Inverse Regional Banks ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SKRE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $5M | $789.1B | |
| Dividend Yield | 0.37% | 1.01% | |
| Holdings | 2 | 505 | |
| YTD Return | -35.59% | +14.47% | |
| 1Y Return | -44.56% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 41.7% | 15.3% | |
| Max Drawdown | -78.7% | -56.5% | |
| Fund Family | Tuttle Funds | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jan 4, 2024 | Jan 22, 1993 |
SKRE vs SPY Performance
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) is a ETF from Tuttle Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SKRE returned -44.56% while SPY returned +21.96%. Year to date, SKRE is down 35.59% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
SKRE has been the more volatile fund, with annualized monthly volatility of 41.7% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -78.7% for SKRE and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SKRE charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, SKRE currently yields 0.37% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, SKRE or SPY?
SKRE has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, SKRE or SPY?
Over the past year SKRE returned -44.56% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SKRE annualized -41.20% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, SKRE or SPY?
SKRE has been the more volatile fund at 41.7% annualized versus 15.3% for SPY. Worst drawdown: SKRE -78.7% vs SPY -56.5%.
Should I hold both SKRE and SPY?
SKRE and SPY have a monthly-return correlation of -0.48, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SKRE or SPY?
SKRE yields 0.37% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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