SIJ vs. TQQQ
SIJ (ProShares UltraShort Industrials) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds from ProShares - SIJ tracks the DJ Global United States (All) / Industrials -IND (-200%) while TQQQ tracks the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, SIJ returned -27.77%/yr vs 45.33%/yr for TQQQ. At a correlation of -0.66, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
SIJ vs. TQQQ - 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 TQQQ's 64.46% return. Over the past 10 years, SIJ has underperformed TQQQ with an annualized return of -27.77%, while TQQQ has yielded a comparatively higher 45.33% 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%
TQQQ
- 1D
- -0.76%
- 1M
- 33.35%
- YTD
- 64.46%
- 6M
- 55.93%
- 1Y
- 137.89%
- 3Y*
- 69.49%
- 5Y*
- 28.37%
- 10Y*
- 45.33%
SIJ vs. TQQQ - 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% |
TQQQ ProShares UltraPro QQQ | 64.46% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between SIJ and TQQQ is -0.53, 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 | -0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010 | -0.66 |
The correlation between SIJ and TQQQ shifts across timeframes, from -0.68 (5 years) to -0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SIJ vs. TQQQ — Risk / Return Rank
SIJ
TQQQ
SIJ vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Industrials (SIJ) and ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.91 | ||
| Sortino ratioReturn per unit of downside risk | -4.46 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.40 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 3.75 | -4.64 |
| Martin ratioReturn relative to average drawdown | -1.50 | 12.27 | -13.77 |
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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 2.92 | -3.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.52 | 0.43 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.70 | 0.69 | -1.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | 0.74 | -1.36 |
Drawdowns
SIJ vs. TQQQ - Drawdown Comparison
The maximum SIJ drawdown since its inception was -99.93%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for SIJ and TQQQ.
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Drawdown Indicators
| SIJ | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.93% | -81.66% | -18.27% |
Max Drawdown (1Y)Largest decline over 1 year | -35.40% | -36.97% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -69.84% | -58.04% | -11.80% |
Max Drawdown (5Y)Largest decline over 5 years | -76.49% | -81.66% | +5.17% |
Max Drawdown (10Y)Largest decline over 10 years | -96.54% | -81.66% | -14.88% |
Current DrawdownCurrent decline from peak | -99.92% | -0.76% | -99.16% |
Average DrawdownAverage peak-to-trough decline | -86.74% | -18.52% | -68.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.81% | 11.28% | +9.53% |
Volatility
SIJ vs. TQQQ - Volatility Comparison
The current volatility for ProShares UltraShort Industrials (SIJ) is 10.18%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.29%. This indicates that SIJ experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIJ | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.18% | 13.29% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 26.39% | 36.04% | -9.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.52% | 47.60% | -16.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.84% | 66.53% | -30.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.62% | 65.96% | -26.34% |
SIJ vs. TQQQ - Expense Ratio Comparison
Both SIJ and TQQQ have an expense ratio of 0.95%.
Dividends
SIJ vs. TQQQ - Dividend Comparison
SIJ's dividend yield for the trailing twelve months is around 5.75%, more than TQQQ's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 0.36% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
SIJ and TQQQ have a correlation of -0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (13.29%) compared to SIJ (10.18%). In terms of maximum drawdown, SIJ dropped -99.93% vs TQQQ's -81.66%.
On 10-year performance, TQQQ leads with 45.33% vs -27.77% for SIJ. Both ETFs have the same 0.95% expense ratio. On volatility, SIJ has been the lower-risk option at 10.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TQQQ has performed better with a 45.33% return vs -27.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIJ and TQQQ have the same expense ratio: 0.95% per year.
SIJ has the higher dividend yield at 5.75%, compared with 0.36% for TQQQ.
SIJ tracks DJ Global United States (All) / Industrials -IND (-200%), while TQQQ tracks NASDAQ-100 Index (300%).
TQQQ currently has the higher Sharpe Ratio (2.92 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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