Skip to content
Beacon

SKRETuttle Capital Daily 2X Inverse Regional Banks ETF

Take a bet2y track recordRanked #323 of 775 in this goal

Seeks daily investment results of 200% of the inverse performance of the KRE ETF.

By Tuttle Capital Management, LLC · Launched 2024

Annual Cost

0.75%

#3,765 of 5,562 · expensive

Fund Size

$7M

#4,903 of 5,562 · small

Return (1Y)Goal

-49.0%

Track Record

2 years

#3,372 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$5,218-47.8%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Sector

Financials

Index tracked

S&P Regional Banks Select Industry Index

What it actually holds

By weight

Concentration

Top 2 holdings = -10.1% of fund✓ well diversified

State Street SPDR S&P Regional Banking ETF
-4.7%
State Street SPDR S&P Regional Banking ETF
-5.4%

Asset allocation

Other
60.1%
Bonds
39.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
46.8%High

Year-on-year price swings

Max drawdown
-76.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results of 200% of the inverse performance of the KRE ETF.
Strategy
Invests primarily in swap agreements providing 200% inverse daily exposure to the KRE ETF. The Fund aims for daily leveraged inverse results and may also hold U.S. government securities and corporate debt as collateral.
Inception date
January 3, 2024
Fund family
Tuttle Capital Management, LLC

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=inverse + leveraged_name_or_strategy

Inverse
Warning

Inverse ETF — daily tool only

Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.

Source: Cheng & Madhavan (2009)

Why we flagged this: strategy=inverse + inverse_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

What's next?

You've reviewed SKRE. Save it to your watchlist to track it alongside the other funds you're weighing.

Data updated on 2026-06-19