SIJ vs. QTJL
SIJ (ProShares UltraShort Industrials) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. SIJ is passively managed, while QTJL is actively managed. Over the past 3 years, SIJ returned -29.54%/yr vs 19.20%/yr for QTJL. At a correlation of -0.69, they often move in opposite directions. SIJ charges 0.95%/yr vs 0.79%/yr for QTJL.
Performance
SIJ vs. QTJL - 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 QTJL's 7.15% 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%
QTJL
- 1D
- -0.01%
- 1M
- 1.20%
- YTD
- 7.15%
- 6M
- 7.91%
- 1Y
- 20.52%
- 3Y*
- 19.20%
- 5Y*
- —
- 10Y*
- —
SIJ vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SIJ ProShares UltraShort Industrials | -21.28% | -29.33% | -21.63% | -24.18% | 18.15% | -8.41% |
QTJL Innovator Growth Accelerated Plus ETF - July | 7.15% | 21.07% | 16.50% | 42.39% | -30.16% | 9.32% |
Correlation
The correlation between SIJ and QTJL is -0.54, 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 | -0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021 | -0.69 |
The correlation between SIJ and QTJL shifts across timeframes, from -0.69 (all time) to -0.54 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SIJ vs. QTJL — Risk / Return Rank
SIJ
QTJL
SIJ vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Industrials (SIJ) and Innovator Growth Accelerated Plus ETF - July (QTJL). 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 | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.06 | ||
| Sortino ratioReturn per unit of downside risk | -4.30 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.42 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 3.08 | -3.97 |
| Martin ratioReturn relative to average drawdown | -1.50 | 16.23 | -17.74 |
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 | QTJL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 2.06 | -3.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.52 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | 0.52 | -1.15 |
Drawdowns
SIJ vs. QTJL - Drawdown Comparison
The maximum SIJ drawdown since its inception was -99.93%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for SIJ and QTJL.
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Drawdown Indicators
| SIJ | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.93% | -33.40% | -66.53% |
Max Drawdown (1Y)Largest decline over 1 year | -35.40% | -6.68% | -28.72% |
Max Drawdown (3Y)Largest decline over 3 years | -69.84% | -22.43% | -47.41% |
Max Drawdown (5Y)Largest decline over 5 years | -76.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.54% | — | — |
Current DrawdownCurrent decline from peak | -99.92% | -0.01% | -99.91% |
Average DrawdownAverage peak-to-trough decline | -86.74% | -7.94% | -78.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.81% | 1.27% | +19.54% |
Volatility
SIJ vs. QTJL - Volatility Comparison
ProShares UltraShort Industrials (SIJ) has a higher volatility of 10.18% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 0.31%. This indicates that SIJ's price experiences larger fluctuations and is considered to be riskier than QTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIJ | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.18% | 0.31% | +9.87% |
Volatility (6M)Calculated over the trailing 6-month period | 26.39% | 7.61% | +18.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.52% | 10.01% | +21.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.84% | 20.42% | +15.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.62% | 20.42% | +19.20% |
SIJ vs. QTJL - Expense Ratio Comparison
SIJ has a 0.95% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
SIJ vs. QTJL - Dividend Comparison
SIJ's dividend yield for the trailing twelve months is around 5.75%, while QTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIJ ProShares UltraShort Industrials | 5.75% | 5.38% | 5.99% | 4.90% | 0.00% | 0.00% | 0.00% | 1.49% | 0.39% |
Frequently Asked Questions
SIJ and QTJL have a correlation of -0.54, 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 QTJL (0.31%). In terms of maximum drawdown, SIJ dropped -99.93% vs QTJL's -33.40%.
On 3-year performance, QTJL leads with 19.20% vs -29.54% for SIJ. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QTJL has performed better with a 19.20% return vs -29.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for SIJ.
SIJ has the higher dividend yield at 5.75%, compared with 0.00% for QTJL.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for SIJ and 0.79% for QTJL.
QTJL currently has the higher Sharpe Ratio (2.06 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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