SIJ vs. FLM

Last updated Jul 12, 2026

SIJ (ProShares UltraShort Industrials) and FLM (First Trust Global Engineering and Construction ETF) are both exchange-traded funds - SIJ is a Leveraged Equities fund tracking the DJ Global United States (All) / Industrials -IND (-200%), while FLM is a Building & Construction fund tracking the ISE Global Engineering & Construction Index. Both are passively managed. At a correlation of -0.35, they often move in opposite directions. SIJ charges 0.95%/yr vs 0.70%/yr for FLM.

Performance

SIJ vs. FLM - Performance Comparison

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

Returns By Period

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%

FLM

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIJ vs. FLM - Yearly Performance Comparison

	2026 (YTD)
SIJ ProShares UltraShort Industrials	-7.31%
FLM First Trust Global Engineering and Construction ETF	-4.55%

Correlation

The correlation between SIJ and FLM is -0.35, 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 (All Time) Calculated using the full available price history since Jun 5, 2026	-0.35

Return for Risk

SIJ vs. FLM — Risk / Return Rank

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

SIJ

SIJ Risk / Return Rank: 2
SIJ Sharpe Ratio Rank: 2
SIJ Sortino Ratio Rank: 2
SIJ Omega Ratio Rank: 2
SIJ Calmar Ratio Rank: 2
SIJ Martin Ratio Rank: 0

FLM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. FLM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Industrials (SIJ) and First Trust Global Engineering and Construction ETF (FLM). 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	FLM	Difference
Sharpe ratio: Return per unit of total volatility	-0.94	—	—
Sortino ratio: Return per unit of downside risk	-1.29	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.85	—	—
Martin ratio: Return relative to average drawdown	-1.64	—	—

Drawdowns

Drawdown Indicators

	SIJ	FLM	Difference
Max Drawdown Largest peak-to-trough decline	-99.93%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-37.53%	—	—
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 Drawdown Current decline from peak	-99.93%	—	—
Average Drawdown Average peak-to-trough decline	-86.79%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	19.35%	—	—

Volatility

Volatility by Period

	SIJ	FLM	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	33.95%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.22%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.65%	—	—

SIJ vs. FLM - Expense Ratio Comparison

SIJ has a 0.95% expense ratio, which is higher than FLM's 0.70% expense ratio.

Dividends

SIJ vs. FLM - Dividend Comparison

SIJ's dividend yield for the trailing twelve months is around 4.93%, while FLM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLM First Trust Global Engineering and Construction ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SIJ ProShares UltraShort Industrials	4.93%	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 FLM in my portfolio?

SIJ and FLM have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SIJ or FLM?

On fees, FLM is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIJ or FLM?

FLM is cheaper with a 0.70% expense ratio, compared with 0.95% for SIJ.

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

SIJ has the higher dividend yield at 4.93%, compared with 0.00% for FLM.

What is the main difference between SIJ and FLM?

SIJ is categorized as Leveraged Equities, while FLM is Building & Construction. SIJ tracks DJ Global United States (All) / Industrials -IND (-200%), while FLM tracks ISE Global Engineering & Construction Index. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.95% for SIJ and 0.70% for FLM.