SIJ vs. FLM
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. Over the past 10 years, SIJ returned -27.77%/yr vs 8.40%/yr for FLM. At a correlation of -0.75, they often move in opposite directions. SIJ charges 0.95%/yr vs 0.70%/yr for FLM.
Performance
SIJ vs. FLM - Performance Comparison
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Returns By Period
In the year-to-date period, SIJ achieves a -21.28% return, which is significantly lower than FLM's 19.89% return. Over the past 10 years, SIJ has underperformed FLM with an annualized return of -27.77%, while FLM has yielded a comparatively higher 8.40% 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%
FLM
- 1D
- -0.36%
- 1M
- 0.95%
- YTD
- 19.89%
- 6M
- 18.51%
- 1Y
- 28.68%
- 3Y*
- 22.72%
- 5Y*
- 10.76%
- 10Y*
- 8.40%
SIJ vs. FLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIJ ProShares UltraShort Industrials | -21.28% | -29.33% | -21.63% | -24.18% | 18.15% | -34.31% | -54.09% | -45.12% | 20.55% | -36.32% |
FLM First Trust Global Engineering and Construction ETF | 19.89% | 13.99% | 17.94% | 19.36% | -9.87% | 12.98% | 0.51% | 12.81% | -21.72% | 22.95% |
Correlation
The correlation between SIJ and FLM is -0.85, 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 | -0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2008 | -0.75 |
The correlation between SIJ and FLM shifts across timeframes, from -0.88 (3 years) to -0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SIJ vs. FLM — Risk / Return Rank
SIJ
FLM
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.
| SIJ | FLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.29 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.37 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 4.01 | -4.89 |
| Martin ratioReturn relative to average drawdown | -1.50 | 13.80 | -15.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SIJ | FLM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 2.15 | -3.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.52 | 0.64 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.70 | 0.45 | -1.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | 0.38 | -1.01 |
Drawdowns
SIJ vs. FLM - Drawdown Comparison
The maximum SIJ drawdown since its inception was -99.93%, which is greater than FLM's maximum drawdown of -50.07%. Use the drawdown chart below to compare losses from any high point for SIJ and FLM.
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Drawdown Indicators
| SIJ | FLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.93% | -50.07% | -49.86% |
Max Drawdown (1Y)Largest decline over 1 year | -35.40% | -7.19% | -28.21% |
Max Drawdown (3Y)Largest decline over 3 years | -69.84% | -19.14% | -50.70% |
Max Drawdown (5Y)Largest decline over 5 years | -76.49% | -23.71% | -52.78% |
Max Drawdown (10Y)Largest decline over 10 years | -96.54% | -50.07% | -46.47% |
Current DrawdownCurrent decline from peak | -99.92% | -0.71% | -99.21% |
Average DrawdownAverage peak-to-trough decline | -86.74% | -10.84% | -75.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.81% | 2.08% | +18.73% |
Volatility
SIJ vs. FLM - Volatility Comparison
ProShares UltraShort Industrials (SIJ) has a higher volatility of 10.18% compared to First Trust Global Engineering and Construction ETF (FLM) at 4.27%. This indicates that SIJ's price experiences larger fluctuations and is considered to be riskier than FLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIJ | FLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.18% | 4.27% | +5.91% |
Volatility (6M)Calculated over the trailing 6-month period | 26.39% | 10.39% | +16.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.52% | 13.45% | +18.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.84% | 16.82% | +19.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.62% | 18.73% | +20.89% |
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 5.75%, more than FLM's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLM First Trust Global Engineering and Construction ETF | 1.01% | 1.19% | 1.31% | 1.16% | 2.10% | 1.45% | 2.88% | 1.84% | 1.74% | 1.49% | 2.01% | 1.17% |
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 FLM have a correlation of -0.85, 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 FLM (4.27%). In terms of maximum drawdown, SIJ dropped -99.93% vs FLM's -50.07%.
On 10-year performance, FLM leads with 8.40% vs -27.77% for SIJ. On fees, FLM is cheaper at 0.70% per year. On volatility, FLM has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FLM has performed better with a 8.40% return vs -27.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLM is cheaper with a 0.70% expense ratio, compared with 0.95% for SIJ.
SIJ has the higher dividend yield at 5.75%, compared with 1.01% for 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.
FLM currently has the higher Sharpe Ratio (2.15 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.
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