SIJ vs. EPSB
SIJ (ProShares UltraShort Industrials) and EPSB (Harbor SMID Cap Core ETF) are both exchange-traded funds - SIJ is a Leveraged Equities fund tracking the DJ Global United States (All) / Industrials -IND (-200%), while EPSB is a Small Cap Blend Equities fund actively managed by Harbor. SIJ is passively managed, while EPSB is actively managed. Over the past year, SIJ returned -31.00% vs 28.50% for EPSB. Their -0.81 correlation means they have often moved in opposite directions in the past. SIJ charges 0.95%/yr vs 0.88%/yr for EPSB.
Performance
SIJ vs. EPSB - Performance Comparison
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Returns By Period
In the year-to-date period, SIJ achieves a -26.79% return, which is significantly lower than EPSB's 20.56% return.
SIJ
- 1D
- -1.40%
- 1M
- 4.49%
- 6M
- -16.96%
- YTD
- -26.79%
- 1Y
- -31.00%
- 3Y*
- -27.06%
- 5Y*
- -19.36%
- 10Y*
- -27.63%
- ALL TIME*
- -27.10%
EPSB
- 1D
- -0.05%
- 1M
- -0.06%
- 6M
- 11.91%
- YTD
- 20.56%
- 1Y
- 28.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.00K | $4.38K | $12.02K | |
| $39.22K | $34.14K | $85.27K |
SIJ vs. EPSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SIJ ProShares UltraShort Industrials | -26.79% | -25.70% |
EPSB Harbor SMID Cap Core ETF | 20.56% | 14.56% |
Correlation
The correlation between SIJ and EPSB is -0.82, 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. | -0.82 |
Correlation (All Time) Calculated using the full available price history since May 2, 2025 | -0.81 |
The correlation between SIJ and EPSB has been stable across timeframes, ranging from -0.82 to -0.81 - a consistent structural relationship.
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Return for Risk
SIJ vs. EPSB — Risk / Return Rank
SIJ
EPSB
SIJ vs. EPSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Industrials (SIJ) and Harbor SMID Cap Core ETF (EPSB). 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 | EPSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.31 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.22 | -4.00 |
| Martin ratioReturn relative to average drawdown | -1.39 | 11.08 | -12.47 |
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Drawdowns
SIJ vs. EPSB - Drawdown Comparison
The maximum SIJ drawdown since its inception was -99.93%, which is greater than EPSB's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for SIJ and EPSB.
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Drawdown Indicators
| SIJ | EPSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.93% | -8.46% | -91.47% |
Max Drawdown (1Y)Largest decline over 1 year | -37.53% | -8.46% | -29.07% |
Max Drawdown (3Y)Largest decline over 3 years | -72.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -78.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.42% | — | — |
Current DrawdownCurrent decline from peak | -99.93% | -1.12% | -98.81% |
Average DrawdownAverage peak-to-trough decline | -86.83% | -1.50% | -85.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.00% | 2.45% | +18.55% |
Volatility
SIJ vs. EPSB - Volatility Comparison
ProShares UltraShort Industrials (SIJ) has a higher volatility of 9.46% compared to Harbor SMID Cap Core ETF (EPSB) at 3.57%. This indicates that SIJ's price experiences larger fluctuations and is considered to be riskier than EPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIJ | EPSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 3.57% | +5.89% |
Volatility (6M)Calculated over the trailing 6-month period | 28.66% | 11.13% | +17.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.56% | 15.30% | +19.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.27% | 15.27% | +21.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.73% | 15.27% | +24.46% |
SIJ vs. EPSB - Expense Ratio Comparison
SIJ has a 0.95% expense ratio, which is higher than EPSB's 0.88% expense ratio.
Dividends
SIJ vs. EPSB - Dividend Comparison
SIJ's dividend yield for the trailing twelve months is around 4.81%, more than EPSB's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EPSB Harbor SMID Cap Core ETF | 1.13% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIJ ProShares UltraShort Industrials | 4.81% | 5.38% | 5.99% | 4.90% | 0.00% | 0.00% | 0.00% | 1.49% | 0.39% |
Frequently Asked Questions
SIJ and EPSB 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.
SIJ has higher volatility (9.46%) compared to EPSB (3.57%). In terms of maximum drawdown, SIJ dropped -99.93% vs EPSB's -8.46%.
On 1-year performance, EPSB leads with 28.50% vs -31.00% for SIJ. On fees, EPSB is cheaper at 0.88% per year. On volatility, EPSB has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EPSB has performed better with a 28.50% return vs -31.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EPSB is cheaper with a 0.88% expense ratio, compared with 0.95% for SIJ.
SIJ has the higher dividend yield at 4.81%, compared with 1.13% for EPSB.
SIJ is categorized as Leveraged Equities, while EPSB is Small Cap Blend Equities. They also come from different issuers: ProShares and Harbor. Their fees differ too: 0.95% for SIJ and 0.88% for EPSB.
EPSB currently has the higher Sharpe Ratio (1.79 vs -0.85), 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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