SIJ vs. AVMC

Last updated Jun 23, 2026

SIJ (ProShares UltraShort Industrials) and AVMC (Avantis U.S. Mid Cap Equity ETF) are both exchange-traded funds - SIJ is a Leveraged Equities fund tracking the DJ Global United States (All) / Industrials -IND (-200%), while AVMC is a Mid Cap Blend Equities fund actively managed by Avantis. SIJ is passively managed, while AVMC is actively managed. Over the past year, SIJ returned -38.84% vs 24.86% for AVMC. At a correlation of -0.87, they often move in opposite directions. SIJ charges 0.95%/yr vs 0.20%/yr for AVMC.

Performance

SIJ vs. AVMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Industrials (SIJ) and Avantis U.S. Mid Cap Equity ETF (AVMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIJ achieves a -28.24% return, which is significantly lower than AVMC's 13.20% return.

SIJ

• 1D: -1.19%
• 1M: -9.06%
• YTD: -28.24%
• 6M: -26.30%
• 1Y: -38.84%
• 3Y*: -30.57%
• 5Y*: -20.62%
• 10Y*: -28.61%

AVMC

• 1D: 0.45%
• 1M: 2.39%
• YTD: 13.20%
• 6M: 11.34%
• 1Y: 24.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SIJ vs. AVMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SIJ ProShares UltraShort Industrials	-28.24%	-29.33%	-21.63%	-21.07%
AVMC Avantis U.S. Mid Cap Equity ETF	13.20%	9.98%	16.84%	14.02%

Correlation

The correlation between SIJ and AVMC is -0.82, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.82
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	-0.87

The correlation between SIJ and AVMC has been stable across timeframes, ranging from -0.87 to -0.82 - a consistent structural relationship.

Return for Risk

SIJ vs. AVMC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SIJ

SIJ Risk / Return Rank: 1
SIJ Sharpe Ratio Rank: 1
SIJ Sortino Ratio Rank: 1
SIJ Omega Ratio Rank: 1
SIJ Calmar Ratio Rank: 0
SIJ Martin Ratio Rank: 0

AVMC

AVMC Risk / Return Rank: 58
AVMC Sharpe Ratio Rank: 54
AVMC Sortino Ratio Rank: 55
AVMC Omega Ratio Rank: 51
AVMC Calmar Ratio Rank: 66
AVMC Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SIJ vs. AVMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Industrials (SIJ) and Avantis U.S. Mid Cap Equity ETF (AVMC). 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.

	SIJ	AVMC	Difference
Sharpe ratio: Return per unit of total volatility	-1.18	1.78	-2.96
Sortino ratio: Return per unit of downside risk	-1.75	2.57	-4.32
Omega ratio: Gain probability vs. loss probability	0.81	1.31	-0.51
Calmar ratio: Return relative to maximum drawdown	-1.05	3.16	-4.21
Martin ratio: Return relative to average drawdown	-1.91	11.76	-13.67

SIJ vs. AVMC - Sharpe Ratio Comparison

The current SIJ Sharpe Ratio is -1.18, which is lower than the AVMC Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of SIJ and AVMC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SIJ vs. AVMC - Drawdown Comparison

The maximum SIJ drawdown since its inception was -99.93%, which is greater than AVMC's maximum drawdown of -21.84%. Use the drawdown chart below to compare losses from any high point for SIJ and AVMC.

Drawdown Indicators

	SIJ	AVMC	Difference
Max Drawdown Largest peak-to-trough decline	-99.93%	-21.84%	-78.09%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	-7.90%	-29.34%
Max Drawdown (3Y) Largest decline over 3 years	-71.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-77.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-96.73%	—	—
Current Drawdown Current decline from peak	-99.93%	-0.43%	-99.50%
Average Drawdown Average peak-to-trough decline	-86.76%	-3.17%	-83.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.10%	2.12%	+19.98%

Volatility

SIJ vs. AVMC - Volatility Comparison

ProShares UltraShort Industrials (SIJ) has a higher volatility of 11.80% compared to Avantis U.S. Mid Cap Equity ETF (AVMC) at 4.05%. This indicates that SIJ's price experiences larger fluctuations and is considered to be riskier than AVMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIJ	AVMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.80%	4.05%	+7.75%
Volatility (6M) Calculated over the trailing 6-month period	27.82%	10.33%	+17.49%
Volatility (1Y) Calculated over the trailing 1-year period	33.17%	14.03%	+19.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.10%	16.96%	+19.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.75%	16.96%	+22.79%

SIJ vs. AVMC - Expense Ratio Comparison

SIJ has a 0.95% expense ratio, which is higher than AVMC's 0.20% expense ratio.

Dividends

SIJ vs. AVMC - Dividend Comparison

SIJ's dividend yield for the trailing twelve months is around 6.31%, more than AVMC's 1.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AVMC Avantis U.S. Mid Cap Equity ETF	1.21%	1.12%	1.02%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%
SIJ ProShares UltraShort Industrials	6.31%	5.38%	5.99%	4.90%	0.00%	0.00%	0.00%	1.49%	0.39%

Frequently Asked Questions

Can I hold both SIJ and AVMC in my portfolio?

SIJ and AVMC have a correlation of -0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIJ or AVMC?

SIJ has higher volatility (11.80%) compared to AVMC (4.05%). In terms of maximum drawdown, SIJ dropped -99.93% vs AVMC's -21.84%.

Which ETF is better, SIJ or AVMC?

On 1-year performance, AVMC leads with 24.86% vs -38.84% for SIJ. On fees, AVMC is cheaper at 0.20% per year. On volatility, AVMC has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIJ or AVMC?

Over the 1-year period, AVMC has performed better with a 24.86% return vs -38.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIJ or AVMC?

AVMC is cheaper with a 0.20% expense ratio, compared with 0.95% for SIJ.

Which ETF pays a higher dividend yield, SIJ or AVMC?

SIJ has the higher dividend yield at 6.31%, compared with 1.21% for AVMC.

What is the main difference between SIJ and AVMC?

SIJ is categorized as Leveraged Equities, while AVMC is Mid Cap Blend Equities. They also come from different issuers: ProShares and Avantis. Their fees differ too: 0.95% for SIJ and 0.20% for AVMC.

Which has better risk-adjusted returns?

AVMC currently has the higher Sharpe Ratio (1.78 vs -1.18), 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.