SIJ vs. EXI
SIJ (ProShares UltraShort Industrials) and EXI (iShares Global Industrials ETF) are both exchange-traded funds - SIJ is a Leveraged Equities fund tracking the DJ Global United States (All) / Industrials -IND (-200%), while EXI is a Industrials Equities fund tracking the S&P Global 1200 / Industrials -SEC. Both are passively managed. Over the past 10 years, SIJ returned -27.81%/yr vs 12.47%/yr for EXI. At a correlation of -0.86, they often move in opposite directions. SIJ charges 0.95%/yr vs 0.43%/yr for EXI.
Performance
SIJ vs. EXI - Performance Comparison
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Returns By Period
In the year-to-date period, SIJ achieves a -28.55% return, which is significantly lower than EXI's 13.60% return. Over the past 10 years, SIJ has underperformed EXI with an annualized return of -27.81%, while EXI has yielded a comparatively higher 12.47% annualized return.
SIJ
- 1D
- -1.30%
- 1M
- -6.93%
- 6M
- -21.99%
- YTD
- -28.55%
- 1Y
- -32.13%
- 3Y*
- -28.25%
- 5Y*
- -19.80%
- 10Y*
- -27.81%
EXI
- 1D
- 0.46%
- 1M
- 2.39%
- 6M
- 8.59%
- YTD
- 13.60%
- 1Y
- 20.39%
- 3Y*
- 19.62%
- 5Y*
- 11.98%
- 10Y*
- 12.47%
SIJ vs. EXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIJ ProShares UltraShort Industrials | -28.55% | -29.33% | -21.63% | -24.18% | 18.15% | -34.31% | -54.09% | -45.12% | 20.55% | -36.32% |
EXI iShares Global Industrials ETF | 13.60% | 25.88% | 12.47% | 22.04% | -12.36% | 17.37% | 11.33% | 27.13% | -14.41% | 25.16% |
Correlation
The correlation between SIJ and EXI is -0.89, 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 | -0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.87 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | -0.86 |
The correlation between SIJ and EXI has been stable across timeframes, ranging from -0.92 to -0.86 - a consistent structural relationship.
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Return for Risk
SIJ vs. EXI — Risk / Return Rank
SIJ
EXI
SIJ vs. EXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Industrials (SIJ) and iShares Global Industrials ETF (EXI). 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 | EXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.21 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 1.60 | -2.45 |
| Martin ratioReturn relative to average drawdown | -1.64 | 6.30 | -7.94 |
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Drawdowns
SIJ vs. EXI - Drawdown Comparison
The maximum SIJ drawdown since its inception was -99.93%, which is greater than EXI's maximum drawdown of -62.60%. Use the drawdown chart below to compare losses from any high point for SIJ and EXI.
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Drawdown Indicators
| SIJ | EXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.93% | -62.60% | -37.33% |
Max Drawdown (1Y)Largest decline over 1 year | -37.53% | -12.35% | -25.18% |
Max Drawdown (3Y)Largest decline over 3 years | -72.61% | -14.38% | -58.23% |
Max Drawdown (5Y)Largest decline over 5 years | -78.65% | -27.23% | -51.42% |
Max Drawdown (10Y)Largest decline over 10 years | -96.42% | -39.56% | -56.86% |
Current DrawdownCurrent decline from peak | -99.93% | -2.48% | -97.45% |
Average DrawdownAverage peak-to-trough decline | -86.79% | -9.92% | -76.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.35% | 3.13% | +16.22% |
Volatility
SIJ vs. EXI - Volatility Comparison
ProShares UltraShort Industrials (SIJ) has a higher volatility of 13.89% compared to iShares Global Industrials ETF (EXI) at 6.56%. This indicates that SIJ's price experiences larger fluctuations and is considered to be riskier than EXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIJ | EXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.89% | 6.56% | +7.33% |
Volatility (6M)Calculated over the trailing 6-month period | 28.40% | 14.44% | +13.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.95% | 16.92% | +17.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.22% | 17.15% | +19.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.65% | 18.33% | +21.32% |
SIJ vs. EXI - Expense Ratio Comparison
SIJ has a 0.95% expense ratio, which is higher than EXI's 0.43% expense ratio.
Dividends
SIJ vs. EXI - Dividend Comparison
SIJ's dividend yield for the trailing twelve months is around 4.93%, more than EXI's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXI iShares Global Industrials ETF | 1.07% | 1.32% | 1.47% | 1.84% | 1.63% | 1.42% | 1.26% | 1.72% | 2.21% | 1.48% | 1.75% | 1.95% |
SIJ ProShares UltraShort Industrials | 4.93% | 5.38% | 5.99% | 4.90% | 0.00% | 0.00% | 0.00% | 1.49% | 0.39% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIJ and EXI have a correlation of -0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIJ has higher volatility (13.89%) compared to EXI (6.56%). In terms of maximum drawdown, SIJ dropped -99.93% vs EXI's -62.60%.
On 10-year performance, EXI leads with 12.47% vs -27.81% for SIJ. On fees, EXI is cheaper at 0.43% per year. On volatility, EXI has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EXI has performed better with a 12.47% return vs -27.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EXI is cheaper with a 0.43% expense ratio, compared with 0.95% for SIJ.
SIJ has the higher dividend yield at 4.93%, compared with 1.07% for EXI.
SIJ is categorized as Leveraged Equities, while EXI is Industrials Equities. SIJ tracks DJ Global United States (All) / Industrials -IND (-200%), while EXI tracks S&P Global 1200 / Industrials -SEC. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for SIJ and 0.43% for EXI.
EXI currently has the higher Sharpe Ratio (1.17 vs -0.94), 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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