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SIJ vs. EXI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SIJ vs. EXI

Last updated Jun 4, 2026

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 -27.77%/yr vs 12.43%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Industrials (SIJ) and iShares Global Industrials ETF (EXI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SIJ achieves a -21.28% return, which is significantly lower than EXI's 10.88% return. Over the past 10 years, SIJ has underperformed EXI with an annualized return of -27.77%, while EXI has yielded a comparatively higher 12.43% annualized return.

SIJ

1D
-0.08%
1M
-3.55%
YTD
-21.28%
6M
-22.55%
1Y
-31.23%
3Y*
-29.54%
5Y*
-18.51%
10Y*
-27.77%

EXI

1D
-0.21%
1M
1.21%
YTD
10.88%
6M
13.08%
1Y
22.09%
3Y*
20.74%
5Y*
11.17%
10Y*
12.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SIJ vs. EXI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SIJ
ProShares UltraShort Industrials		-21.28%-29.33%-21.63%-24.18%18.15%-34.31%-54.09%-45.12%20.55%-36.32%
EXI
iShares Global Industrials ETF		10.88%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 -0.88, 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

-0.88

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 2, 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.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares UltraShort Industrials

iShares Global Industrials ETF

Often compared with SIJ:
SIJ vs. SLVSIJ vs. NRGUSIJ vs. AMDGSIJ vs. QLDSIJ vs. TERGSIJ vs. TQQQSIJ vs. KORU
Often compared with EXI:
EXI vs. XLIEXI vs. FIDUEXI vs. IYJEXI vs. PSCCEXI vs. KXIEXI vs. SPYEXI vs. IEFA

Return for Risk

SIJ vs. EXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SIJ
SIJ Risk / Return Rank: 22
Overall Rank
SIJ Sharpe Ratio Rank: 11
Sharpe Ratio Rank
SIJ Sortino Ratio Rank: 22
Sortino Ratio Rank
SIJ Omega Ratio Rank: 22
Omega Ratio Rank
SIJ Calmar Ratio Rank: 11
Calmar Ratio Rank
SIJ Martin Ratio Rank: 11
Martin Ratio Rank
EXI
EXI Risk / Return Rank: 4040
Overall Rank
EXI Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
EXI Sortino Ratio Rank: 4040
Sortino Ratio Rank
EXI Omega Ratio Rank: 3939
Omega Ratio Rank
EXI Calmar Ratio Rank: 3636
Calmar Ratio Rank
EXI Martin Ratio Rank: 4444
Martin Ratio Rank
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. 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.

SIJEXIDifference
Sharpe ratioReturn per unit of total volatility
-1.00
1.39

-2.39

Sortino ratioReturn per unit of downside risk
-1.37
2.09

-3.45

Omega ratioGain probability vs. loss probability

0.84

1.26

-0.41

Calmar ratioReturn relative to maximum drawdown

-0.89

1.80

-2.68

Martin ratioReturn relative to average drawdown

-1.50

7.30

-8.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SIJ vs. EXI - Sharpe Ratio Comparison

The current SIJ Sharpe Ratio is -1.00, which is lower than the EXI Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of SIJ and EXI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SIJEXIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.00

1.39

-2.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.52

0.66

-1.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.70

0.68

-1.38

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.63

0.42

-1.05

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

SIJEXIDifference

Max Drawdown

Largest peak-to-trough decline

-99.93%

-62.60%

-37.33%

Max Drawdown (1Y)

Largest decline over 1 year

-35.40%

-12.35%

-23.05%

Max Drawdown (3Y)

Largest decline over 3 years

-69.84%

-14.38%

-55.46%

Max Drawdown (5Y)

Largest decline over 5 years

-76.49%

-27.23%

-49.26%

Max Drawdown (10Y)

Largest decline over 10 years

-96.54%

-39.56%

-56.98%

Current Drawdown

Current decline from peak

-99.92%

-3.16%

-96.76%

Average Drawdown

Average peak-to-trough decline

-86.74%

-9.97%

-76.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.81%

3.03%

+17.78%

Volatility

SIJ vs. EXI - Volatility Comparison

ProShares UltraShort Industrials (SIJ) has a higher volatility of 10.18% compared to iShares Global Industrials ETF (EXI) at 5.33%. 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

SIJEXIDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.18%

5.33%

+4.85%

Volatility (6M)

Calculated over the trailing 6-month period

26.39%

13.42%

+12.97%

Volatility (1Y)

Calculated over the trailing 1-year period

31.52%

15.92%

+15.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.84%

16.99%

+18.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

39.62%

18.41%

+21.21%

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 5.75%, more than EXI's 1.19% yield.

PositionTTM20252024202320222021202020192018201720162015
EXI
iShares Global Industrials ETF		1.19%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		5.75%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 -0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SIJ has higher volatility (10.18%) compared to EXI (5.33%). In terms of maximum drawdown, SIJ dropped -99.93% vs EXI's -62.60%.

On 10-year performance, EXI leads with 12.43% vs -27.77% for SIJ. On fees, EXI is cheaper at 0.43% per year. On volatility, EXI has been the lower-risk option at 5.33%. 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 12.43% return vs -27.77%. 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 5.75%, compared with 1.19% 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 (1.39 vs -1.00), 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.

Portfolio Optimizer

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