CLIX vs. IXJ
CLIX (ProShares Long Online/Short Stores ETF) and IXJ (iShares Global Healthcare ETF) are both exchange-traded funds - CLIX is a Long-Short fund tracking the ProShares Long Online/Short Stores Index, while IXJ is a Health & Biotech Equities fund tracking the S&P Global 1200 Health Care (Sector) Capped Index. Both are passively managed. Over the past 5 years, CLIX returned -7.74%/yr vs 3.99%/yr for IXJ. At a 0.32 correlation, their price movements are largely independent. CLIX charges 0.65%/yr vs 0.40%/yr for IXJ.
Performance
CLIX vs. IXJ - Performance Comparison
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Returns By Period
In the year-to-date period, CLIX achieves a -9.21% return, which is significantly lower than IXJ's -3.17% return.
CLIX
- 1D
- -2.78%
- 1M
- -6.17%
- YTD
- -9.21%
- 6M
- -9.14%
- 1Y
- 8.03%
- 3Y*
- 17.35%
- 5Y*
- -7.74%
- 10Y*
- —
IXJ
- 1D
- 0.55%
- 1M
- -0.56%
- YTD
- -3.17%
- 6M
- -3.06%
- 1Y
- 12.38%
- 3Y*
- 4.93%
- 5Y*
- 3.99%
- 10Y*
- 8.39%
CLIX vs. IXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | -9.21% | 32.81% | 20.73% | 28.97% | -46.73% | -39.96% | 90.91% | 17.32% | 6.34% | -2.43% |
IXJ iShares Global Healthcare ETF | -3.17% | 14.99% | 0.55% | 3.62% | -4.94% | 19.60% | 12.74% | 23.23% | 2.83% | 3.04% |
Correlation
The correlation between CLIX and IXJ is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.32 |
Over the past year, the correlation between CLIX and IXJ has dropped to 0.09 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
CLIX vs. IXJ — Risk / Return Rank
CLIX
IXJ
CLIX vs. IXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) and iShares Global Healthcare ETF (IXJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CLIX | IXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.15 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 1.15 | -0.74 |
| Martin ratioReturn relative to average drawdown | 1.06 | 2.73 | -1.67 |
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Drawdowns
CLIX vs. IXJ - Drawdown Comparison
The maximum CLIX drawdown since its inception was -73.21%, which is greater than IXJ's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for CLIX and IXJ.
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Drawdown Indicators
| CLIX | IXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.21% | -40.60% | -32.61% |
Max Drawdown (1Y)Largest decline over 1 year | -19.57% | -10.78% | -8.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.18% | -18.14% | -3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -68.22% | -18.14% | -50.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.35% | — |
Current DrawdownCurrent decline from peak | -46.37% | -7.28% | -39.09% |
Average DrawdownAverage peak-to-trough decline | -34.75% | -6.92% | -27.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.57% | 4.54% | +3.03% |
Volatility
CLIX vs. IXJ - Volatility Comparison
ProShares Long Online/Short Stores ETF (CLIX) has a higher volatility of 6.59% compared to iShares Global Healthcare ETF (IXJ) at 4.90%. This indicates that CLIX's price experiences larger fluctuations and is considered to be riskier than IXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLIX | IXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 4.90% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 16.36% | 10.39% | +5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.50% | 14.83% | +6.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.05% | 14.27% | +12.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.92% | 15.71% | +10.21% |
CLIX vs. IXJ - Expense Ratio Comparison
CLIX has a 0.65% expense ratio, which is higher than IXJ's 0.40% expense ratio.
Dividends
CLIX vs. IXJ - Dividend Comparison
CLIX's dividend yield for the trailing twelve months is around 0.59%, less than IXJ's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.59% | 0.46% | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXJ iShares Global Healthcare ETF | 1.54% | 1.40% | 1.50% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.85% |
Frequently Asked Questions
CLIX and IXJ have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLIX has higher volatility (6.59%) compared to IXJ (4.90%). In terms of maximum drawdown, CLIX dropped -73.21% vs IXJ's -40.60%.
On 5-year performance, IXJ leads with 3.99% vs -7.74% for CLIX. On fees, IXJ is cheaper at 0.40% per year. On volatility, IXJ has been the lower-risk option at 4.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IXJ has performed better with a 3.99% return vs -7.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXJ is cheaper with a 0.40% expense ratio, compared with 0.65% for CLIX.
IXJ has the higher dividend yield at 1.54%, compared with 0.59% for CLIX.
CLIX is categorized as Long-Short, while IXJ is Health & Biotech Equities. CLIX tracks ProShares Long Online/Short Stores Index, while IXJ tracks S&P Global 1200 Health Care (Sector) Capped Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.65% for CLIX and 0.40% for IXJ.
IXJ currently has the higher Sharpe Ratio (0.84 vs 0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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