SIJ vs. QLD
SIJ (ProShares UltraShort Industrials) and QLD (ProShares Ultra QQQ) are both Leveraged Equities funds from ProShares - SIJ tracks the DJ Global United States (All) / Industrials -IND (-200%) while QLD tracks the NASDAQ-100 Index (200%). Both are passively managed. Over the past 10 years, SIJ returned -27.63%/yr vs 32.56%/yr for QLD. Their -0.70 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
SIJ vs. QLD - Performance Comparison
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Returns By Period
In the year-to-date period, SIJ achieves a -26.79% return, which is significantly lower than QLD's 18.94% return. Over the past 10 years, SIJ has underperformed QLD with an annualized return of -27.63%, while QLD has yielded a comparatively higher 32.56% annualized return.
SIJ
- 1D
- -1.40%
- 1M
- 4.49%
- 6M
- -16.96%
- YTD
- -26.79%
- 1Y
- -31.00%
- 3Y*
- -27.06%
- 5Y*
- -19.36%
- 10Y*
- -27.63%
- ALL TIME*
- -27.10%
QLD
- 1D
- 1.20%
- 1M
- -7.66%
- 6M
- 16.78%
- YTD
- 18.94%
- 1Y
- 42.18%
- 3Y*
- 35.01%
- 5Y*
- 17.45%
- 10Y*
- 32.56%
- ALL TIME*
- 24.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $408.78M | $399.91M | $439.78M | |
| $39.22K | $34.14K | $85.27K |
SIJ vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIJ ProShares UltraShort Industrials | -26.79% | -29.33% | -21.63% | -24.18% | 18.15% | -34.31% | -54.09% | -45.12% | 20.55% | -36.32% |
QLD ProShares Ultra QQQ | 18.94% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
Correlation
The correlation between SIJ and QLD is -0.52, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.52 |
Correlation (3Y) Balances recent behavior with more history. | -0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | -0.70 |
The correlation between SIJ and QLD shifts across timeframes, from -0.70 (all time) to -0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SIJ vs. QLD — Risk / Return Rank
SIJ
QLD
SIJ vs. QLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Industrials (SIJ) and ProShares Ultra QQQ (QLD). 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 | QLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.18 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.46 | -2.24 |
| Martin ratioReturn relative to average drawdown | -1.39 | 4.32 | -5.72 |
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Drawdowns
SIJ vs. QLD - Drawdown Comparison
The maximum SIJ drawdown since its inception was -99.93%, which is greater than QLD's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for SIJ and QLD.
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Drawdown Indicators
| SIJ | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.93% | -83.13% | -16.80% |
Max Drawdown (1Y)Largest decline over 1 year | -37.53% | -25.13% | -12.40% |
Max Drawdown (3Y)Largest decline over 3 years | -72.61% | -42.29% | -30.32% |
Max Drawdown (5Y)Largest decline over 5 years | -78.65% | -63.68% | -14.97% |
Max Drawdown (10Y)Largest decline over 10 years | -96.42% | -63.68% | -32.74% |
Current DrawdownCurrent decline from peak | -99.93% | -16.72% | -83.21% |
Average DrawdownAverage peak-to-trough decline | -86.83% | -18.11% | -68.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.00% | 8.47% | +12.53% |
Volatility
SIJ vs. QLD - Volatility Comparison
The current volatility for ProShares UltraShort Industrials (SIJ) is 9.46%, while ProShares Ultra QQQ (QLD) has a volatility of 13.69%. This indicates that SIJ experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIJ | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 13.69% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 28.66% | 31.99% | -3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.56% | 38.62% | -4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.27% | 45.76% | -9.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.73% | 44.97% | -5.24% |
SIJ vs. QLD - Expense Ratio Comparison
Both SIJ and QLD have an expense ratio of 0.95%.
Dividends
SIJ vs. QLD - Dividend Comparison
SIJ's dividend yield for the trailing twelve months is around 4.81%, more than QLD's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | 0.14% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
SIJ ProShares UltraShort Industrials | 4.81% | 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 QLD have a correlation of -0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLD has higher volatility (13.69%) compared to SIJ (9.46%). In terms of maximum drawdown, SIJ dropped -99.93% vs QLD's -83.13%.
On 10-year performance, QLD leads with 32.56% vs -27.63% for SIJ. Both ETFs have the same 0.95% expense ratio. On volatility, SIJ has been the lower-risk option at 9.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QLD has performed better with a 32.56% return vs -27.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIJ and QLD have the same expense ratio: 0.95% per year.
SIJ has the higher dividend yield at 4.81%, compared with 0.14% for QLD.
SIJ tracks DJ Global United States (All) / Industrials -IND (-200%), while QLD tracks NASDAQ-100 Index (200%).
QLD currently has the higher Sharpe Ratio (0.95 vs -0.85), 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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