SIJ vs. OKTG

Last updated Jul 17, 2026

SIJ (ProShares UltraShort Industrials) and OKTG (Leverage Shares 2X Long OKTA Daily ETF) are both Leveraged Equities funds. SIJ is passively managed, while OKTG is actively managed. At a correlation of -0.07, they often move in opposite directions. SIJ charges 0.95%/yr vs 0.75%/yr for OKTG.

Performance

SIJ vs. OKTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Industrials (SIJ) and Leverage Shares 2X Long OKTA Daily ETF (OKTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIJ achieves a -26.94% return, which is significantly lower than OKTG's 110.88% return.

SIJ

• 1D: -0.22%
• 1M: -0.46%
• 6M: -16.70%
• YTD: -26.94%
• 1Y: -30.43%
• 3Y*: -27.74%
• 5Y*: -19.88%
• 10Y*: -27.55%

OKTG

• 1D: -4.61%
• 1M: 54.71%
• 6M: 88.98%
• YTD: 110.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIJ vs. OKTG - Yearly Performance Comparison

	2026 (YTD)	2025
SIJ ProShares UltraShort Industrials	-26.94%	-4.22%
OKTG Leverage Shares 2X Long OKTA Daily ETF	110.88%	5.90%

Correlation

The correlation between SIJ and OKTG is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	-0.07

Return for Risk

SIJ vs. OKTG — 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: 3
SIJ Omega Ratio Rank: 3
SIJ Calmar Ratio Rank: 3
SIJ Martin Ratio Rank: 1

OKTG

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. OKTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Industrials (SIJ) and Leverage Shares 2X Long OKTA Daily ETF (OKTG). 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	OKTG	Difference
Sharpe ratio: Return per unit of total volatility	-0.90	—	—
Sortino ratio: Return per unit of downside risk	-1.21	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.81	—	—
Martin ratio: Return relative to average drawdown	-1.54	—	—

Drawdowns

SIJ vs. OKTG - Drawdown Comparison

The maximum SIJ drawdown since its inception was -99.93%, which is greater than OKTG's maximum drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for SIJ and OKTG.

Drawdown Indicators

	SIJ	OKTG	Difference
Max Drawdown Largest peak-to-trough decline	-99.93%	-60.69%	-39.24%
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%	-9.20%	-90.73%
Average Drawdown Average peak-to-trough decline	-86.80%	-22.77%	-64.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.81%	—	—

Volatility

Volatility by Period

	SIJ	OKTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	33.95%	133.12%	-99.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.23%	133.12%	-96.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.65%	133.12%	-93.47%

SIJ vs. OKTG - Expense Ratio Comparison

SIJ has a 0.95% expense ratio, which is higher than OKTG's 0.75% expense ratio.

Dividends

SIJ vs. OKTG - Dividend Comparison

SIJ's dividend yield for the trailing twelve months is around 4.82%, while OKTG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
OKTG Leverage Shares 2X Long OKTA Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SIJ ProShares UltraShort Industrials	4.82%	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 OKTG in my portfolio?

SIJ and OKTG have a correlation of -0.07, 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 OKTG?

On fees, OKTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SIJ or OKTG?

OKTG is cheaper with a 0.75% expense ratio, compared with 0.95% for SIJ.

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

SIJ has the higher dividend yield at 4.82%, compared with 0.00% for OKTG.

What is the main difference between SIJ and OKTG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for SIJ and 0.75% for OKTG.