RXD vs. IXJ
RXD (ProShares UltraShort Health Care) and IXJ (iShares Global Healthcare ETF) are both exchange-traded funds - RXD is a Leveraged Equities fund tracking the DJ Global United States (All) / Health Care -IND (-200%), 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 10 years, RXD returned -19.63%/yr vs 8.22%/yr for IXJ. Their -0.83 correlation means they have often moved in opposite directions in the past. RXD charges 0.95%/yr vs 0.40%/yr for IXJ.
Performance
RXD vs. IXJ - Performance Comparison
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Returns By Period
In the year-to-date period, RXD achieves a -10.24% return, which is significantly lower than IXJ's 3.85% return. Over the past 10 years, RXD has underperformed IXJ with an annualized return of -19.63%, while IXJ has yielded a comparatively higher 8.22% annualized return.
RXD
- 1D
- 0.47%
- 1M
- 0.46%
- 6M
- -10.79%
- YTD
- -10.24%
- 1Y
- -35.49%
- 3Y*
- -10.24%
- 5Y*
- -7.59%
- 10Y*
- -19.63%
- ALL TIME*
- -22.75%
IXJ
- 1D
- -0.97%
- 1M
- -1.26%
- 6M
- 2.41%
- YTD
- 3.85%
- 1Y
- 21.78%
- 3Y*
- 7.07%
- 5Y*
- 4.53%
- 10Y*
- 8.22%
- ALL TIME*
- 7.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.06M | $16.61M | $23.38M | |
| $208.34K | $158.30K | $97.64K |
RXD vs. IXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | -10.24% | -21.66% | 4.83% | 3.25% | 1.20% | -37.97% | -44.25% | -32.44% | -14.33% | -35.24% |
IXJ iShares Global Healthcare ETF | 3.85% | 14.99% | 0.55% | 3.62% | -4.94% | 19.60% | 12.74% | 23.23% | 2.83% | 20.44% |
Correlation
The correlation between RXD and IXJ is -0.96, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.96 |
Correlation (3Y) Balances recent behavior with more history. | -0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | -0.83 |
The correlation between RXD and IXJ shifts across timeframes, from -0.96 (5 years) to -0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RXD vs. IXJ — Risk / Return Rank
RXD
IXJ
RXD vs. IXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) 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.
| RXD | IXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.27 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 2.10 | -2.99 |
| Martin ratioReturn relative to average drawdown | -1.40 | 4.99 | -6.40 |
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Drawdowns
RXD vs. IXJ - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.68%, which is greater than IXJ's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for RXD and IXJ.
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Drawdown Indicators
| RXD | IXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.68% | -40.60% | -59.08% |
Max Drawdown (1Y)Largest decline over 1 year | -40.79% | -10.78% | -30.01% |
Max Drawdown (3Y)Largest decline over 3 years | -42.58% | -18.14% | -24.44% |
Max Drawdown (5Y)Largest decline over 5 years | -46.11% | -18.14% | -27.97% |
Max Drawdown (10Y)Largest decline over 10 years | -91.52% | -27.35% | -64.17% |
Current DrawdownCurrent decline from peak | -99.67% | -2.52% | -97.15% |
Average DrawdownAverage peak-to-trough decline | -82.00% | -6.90% | -75.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.78% | 4.52% | +21.26% |
Volatility
RXD vs. IXJ - Volatility Comparison
ProShares UltraShort Health Care (RXD) has a higher volatility of 11.80% compared to iShares Global Healthcare ETF (IXJ) at 5.66%. This indicates that RXD'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
| RXD | IXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.80% | 5.66% | +6.14% |
Volatility (6M)Calculated over the trailing 6-month period | 24.09% | 11.61% | +12.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.60% | 15.38% | +16.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.35% | 14.50% | +15.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.15% | 15.74% | +17.41% |
RXD vs. IXJ - Expense Ratio Comparison
RXD has a 0.95% expense ratio, which is higher than IXJ's 0.40% expense ratio.
Dividends
RXD vs. IXJ - Dividend Comparison
RXD's dividend yield for the trailing twelve months is around 3.31%, more than IXJ's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | 1.44% | 1.40% | 1.50% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.85% |
RXD ProShares UltraShort Health Care | 3.31% | 3.29% | 4.36% | 3.17% | 0.67% | 0.00% | 0.17% | 1.73% | 0.22% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RXD and IXJ have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RXD has higher volatility (11.80%) compared to IXJ (5.66%). In terms of maximum drawdown, RXD dropped -99.68% vs IXJ's -40.60%.
On 10-year performance, IXJ leads with 8.22% vs -19.63% for RXD. On fees, IXJ is cheaper at 0.40% per year. On volatility, IXJ has been the lower-risk option at 5.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IXJ has performed better with a 8.22% return vs -19.63%. 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 0.95% for RXD.
RXD has the higher dividend yield at 3.31%, compared with 1.44% for IXJ.
RXD is categorized as Leveraged Equities, while IXJ is Health & Biotech Equities. RXD tracks DJ Global United States (All) / Health Care -IND (-200%), 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: 0.95% for RXD and 0.40% for IXJ.
IXJ currently has the higher Sharpe Ratio (1.50 vs -1.16), 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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