SKRE -2x Tuttle Capital Daily 2X Inverse Regional Banks ETF

SKRE

ETF -2x BEAR standard
Tuttle Capital Daily 2X Inverse Regional Banks ETF
Issuer: Tuttle Capital · Tracks: Regional Banks (KRE) · Listed: 2024-01-03
Implied AUM
$5.1M
Last Close
$6.07
20260720
30d Avg Vol
32,931
Options
available
Realized return vs theoretical -2x Regional Banks
Other leveraged products tracking Regional Banks
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
DPST +3x BULL Direxion Direxion Daily Regional Banks Bull 3X ETF $455.4M 334,542

How SKRE works

SKRE targets -2x the daily return of Regional Banks — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a -2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on SKRE carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.