IXJ vs. CLIX
IXJ (iShares Global Healthcare ETF) and CLIX (ProShares Long Online/Short Stores ETF) are both exchange-traded funds - IXJ is a Health & Biotech Equities fund tracking the S&P Global 1200 Health Care (Sector) Capped Index, while CLIX is a Long-Short fund tracking the ProShares Long Online/Short Stores Index. Both are passively managed. Over the past 5 years, IXJ returned 4.16%/yr vs -7.82%/yr for CLIX. At a 0.32 correlation, their price movements are largely independent. IXJ charges 0.40%/yr vs 0.65%/yr for CLIX.
Performance
IXJ vs. CLIX - Performance Comparison
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Returns By Period
In the year-to-date period, IXJ achieves a -1.76% return, which is significantly higher than CLIX's -8.57% return.
IXJ
- 1D
- 1.45%
- 1M
- 0.89%
- YTD
- -1.76%
- 6M
- -1.97%
- 1Y
- 13.71%
- 3Y*
- 5.44%
- 5Y*
- 4.16%
- 10Y*
- 8.54%
CLIX
- 1D
- 0.70%
- 1M
- -5.51%
- YTD
- -8.57%
- 6M
- -8.64%
- 1Y
- 9.82%
- 3Y*
- 17.63%
- 5Y*
- -7.82%
- 10Y*
- —
IXJ vs. CLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | -1.76% | 14.99% | 0.55% | 3.62% | -4.94% | 19.60% | 12.74% | 23.23% | 2.83% | 3.04% |
CLIX ProShares Long Online/Short Stores ETF | -8.57% | 32.81% | 20.73% | 28.97% | -46.73% | -39.96% | 90.91% | 17.32% | 6.34% | -2.43% |
Correlation
The correlation between IXJ and CLIX is 0.10, 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 | 0.10 |
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 IXJ and CLIX has dropped to 0.10 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
IXJ vs. CLIX — Risk / Return Rank
IXJ
CLIX
IXJ vs. CLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Healthcare ETF (IXJ) and ProShares Long Online/Short Stores ETF (CLIX). 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.
| IXJ | CLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.09 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.50 | +0.77 |
| Martin ratioReturn relative to average drawdown | 3.02 | 1.29 | +1.72 |
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Drawdowns
IXJ vs. CLIX - Drawdown Comparison
The maximum IXJ drawdown since its inception was -40.60%, smaller than the maximum CLIX drawdown of -73.21%. Use the drawdown chart below to compare losses from any high point for IXJ and CLIX.
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Drawdown Indicators
| IXJ | CLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -73.21% | +32.61% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -19.57% | +8.79% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -21.18% | +3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -68.22% | +50.08% |
Max Drawdown (10Y)Largest decline over 10 years | -27.35% | — | — |
Current DrawdownCurrent decline from peak | -5.93% | -45.99% | +40.06% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -34.75% | +27.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 7.61% | -3.05% |
Volatility
IXJ vs. CLIX - Volatility Comparison
The current volatility for iShares Global Healthcare ETF (IXJ) is 5.06%, while ProShares Long Online/Short Stores ETF (CLIX) has a volatility of 6.64%. This indicates that IXJ experiences smaller price fluctuations and is considered to be less risky than CLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IXJ | CLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 6.64% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 16.31% | -5.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 21.47% | -6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.28% | 27.05% | -12.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 25.92% | -10.25% |
IXJ vs. CLIX - Expense Ratio Comparison
IXJ has a 0.40% expense ratio, which is lower than CLIX's 0.65% expense ratio.
Dividends
IXJ vs. CLIX - Dividend Comparison
IXJ's dividend yield for the trailing twelve months is around 1.52%, more than CLIX's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.58% | 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 | 1.52% | 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
IXJ and CLIX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLIX has higher volatility (6.64%) compared to IXJ (5.06%). In terms of maximum drawdown, IXJ dropped -40.60% vs CLIX's -73.21%.
On 5-year performance, IXJ leads with 4.16% vs -7.82% for CLIX. On fees, IXJ is cheaper at 0.40% per year. On volatility, IXJ has been the lower-risk option at 5.06%. 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 4.16% return vs -7.82%. 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 1.52%, compared with 0.58% for CLIX.
IXJ is categorized as Health & Biotech Equities, while CLIX is Long-Short. IXJ tracks S&P Global 1200 Health Care (Sector) Capped Index, while CLIX tracks ProShares Long Online/Short Stores Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.40% for IXJ and 0.65% for CLIX.
IXJ currently has the higher Sharpe Ratio (0.93 vs 0.46), 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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