Data as of Oct 28, 2026.
SKRE vs XKRE: Leverage, Returns & Decay
Over three months against its daily multiple, compounded, SKRE finished 1.4 points over and XKRE 2.8 points short.
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Net assets: $7.2m on May 31, 2026 for TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF, and $388,480 on Oct 28, 2026 for Corgi U.S. Regional Banks 2x Daily ETF.
SKRE returned +9.8% while −2 times KRE's move would have been +9.6%. Data from Jul 29, 2026 to Oct 28, 2026.
SKRE returned +9.8% while −2 times KRE's move would have been +9.6%. Data from Jul 29, 2026 to Oct 28, 2026.XKRE returned −12.7% while 2 times KRE's move would have been −9.6%. Data from Jul 29, 2026 to Oct 28, 2026.
XKRE returned −12.7% while 2 times KRE's move would have been −9.6%. Data from Jul 29, 2026 to Oct 28, 2026.Pair scorecard
XKRE costs 0.30 points a year less.
Points (pts) are percentage points.
| Measure | SKRE | XKRE |
|---|---|---|
| Return | ||
| Total return, 1 year | −37.6% | not published |
| What its daily multiple gave, 3 months | 8.4% | −9.9% |
| Benchmark | ||
| What it tracks | REGIONAL BANKS | U.S. Regional Banks |
| Cost and size | ||
| Expense ratio | 0.75% | 0.45% |
| Net assets, SKRE as of May 31, 2026 and XKRE as of Oct 28, 2026 | $7.2m | $388,480 |
| Holdings | ||
| Holdings in common | not published | |
SKRE among the 75 inverse ETFs at 2x, over three months
How closely it delivered its daily multiple over 3 months, ranked against 75 inverse ETFs at 2x, over three months and 502 leveraged ETFs at 2x, over three months. 100 is best. How it is computed
XKRE among the 502 leveraged ETFs at 2x, over three months
A percentile among the 75 inverse ETFs at 2x, over three months. XKRE is a percentile among the 502 leveraged ETFs at 2x, over three months, a different set, so the two marks are not on one scale. Three months only, against the fund's own daily multiple; a different quarter can rank it very differently. All leveraged ETFs ranked by it →
Risk and return
Jun 12, 2026 to Oct 23, 2026 · 19 weekly returnsSKRE returned more: −1.6% to −5.2%. SKRE fell less at its worst: −16.9% to −22.2%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | SKRE | XKRE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −1.6% | −5.2% | SKRE | Price change plus distributions, reinvested. |
| Price return | −1.6% | −5.2% | SKRE | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −16.9% | −22.2% | SKRE | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 19 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
As of Oct 28, 2026. Source: ETFIQ.
Window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | SKRE | XKRE | SKRE | XKRE | SKRE | XKRE |
| 1 month | −4.4% | +2.9% | −4.4% | +4.4% | 0.0 pts | −1.5 pts |
| 3 months | +9.8% | −12.7% | +9.6% | −9.6% | +0.2 pts | −3.1 pts |
| 6 months | −12.8% | – | −11.4% | – | −1.4 pts | – |
| 1 year | −37.6% | – | −42.4% | – | +4.8 pts | – |
| Since launchNot the same days: SKRE Jan 2024 · XKRE Jun 2026 | −72.3% | +8.6% | not meaningful | +15.0% | not meaningful | −6.4 pts |
– means no data for this window. Open this comparison in the app →
No client brief for this pair: ETFIQ prints no one-year total return for XKRE.
Over the three months to Oct 28, 2026, SKRE returned 9.8%, against 8.4% for twice the inverse of KRE's daily moves.
Read the multiple against the whole window instead and −2 times KRE's −4.8% implies +9.6%, which makes SKRE look 0.2 points over. That is not the fund's objective, which is daily. Of that 0.2, daily compounding is −1.2 points, which any −2 times fund would show over the same path, and the fund itself is +1.4 points against −2 times each day's move, compounded. SKRE aims to return -2 times KRE's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not -2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. KRE moved at 15% annualized over that window. The more it moves, the further the two numbers separate.
Over the three months to Oct 28, 2026, XKRE lost 12.7%, against −9.9% for twice KRE's daily moves.
Read the multiple against the whole window instead and 2 times KRE's −4.8% implies −9.6%, which makes XKRE look 3.1 points short. Of that 3.1, daily compounding is −0.3 points, which any 2 times fund would show over the same path, and the fund itself is −2.8 points against 2 times each day's move, compounded. XKRE aims to return +2 times KRE's move each day, then resets. Over longer periods the daily results compound, so the total is not +2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run.
Questions people ask
- Which came closer to its daily multiple, SKRE or XKRE?
- Over the window to Oct 28, 2026, SKRE finished 0.2 points from what its multiple implies and XKRE finished 3.1 points from its own, so SKRE came closer. Neither number predicts the next window: it depends on how much the underlying moves about.
- Are SKRE and XKRE levered on the same thing?
- Yes. Both are levered on State Street SPDR S&P Regional Banking ETF, SKRE at -2 times and XKRE at +2 times the daily move.
- Which one decays faster, SKRE or XKRE?
- Decay follows how much the underlying moves about. Over this window SKRE’s moved at 15% annualized and XKRE’s at 15%, so SKRE has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold SKRE or XKRE for a year?
- Both reset every day, so the multiple in the name applies to a single day, and daily results compound. Over a year the total is not the multiple times the year’s move; after a fall and recovery it is lower.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, SKRE against XKRE, data as of Oct 28, 2026. https://etfiq.com/compare/leverage/skre-vs-xkre
ETFIQ. (Oct 28, 2026). SKRE against XKRE. Retrieved from https://etfiq.com/compare/leverage/skre-vs-xkre
[SKRE against XKRE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/leverage/skre-vs-xkre)
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