UXI vs. IAI

Last updated Jun 13, 2026

UXI (ProShares Ultra Industrials) and IAI (iShares U.S. Broker-Dealers & Securities Exchanges ETF) are both exchange-traded funds - UXI is a Leveraged Equities fund tracking the Dow Jones U.S. Industrials Index (200%), while IAI is a Financials Equities fund tracking the DJ US Select / Investment Services. Both are passively managed. Over the past 10 years, UXI returned 19.65%/yr vs 19.37%/yr for IAI. A 0.73 correlation means they provide meaningful diversification when combined. UXI charges 0.95%/yr vs 0.41%/yr for IAI.

Performance

UXI vs. IAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Industrials (UXI) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UXI achieves a 23.82% return, which is significantly higher than IAI's 3.17% return. Both investments have delivered pretty close results over the past 10 years, with UXI having a 19.65% annualized return and IAI not far behind at 19.37%.

UXI

• 1D: 0.84%
• 1M: 1.14%
• YTD: 23.82%
• 6M: 21.89%
• 1Y: 44.03%
• 3Y*: 33.12%
• 5Y*: 12.39%
• 10Y*: 19.65%

IAI

• 1D: 1.83%
• 1M: 2.57%
• YTD: 3.17%
• 6M: 2.78%
• 1Y: 21.00%
• 3Y*: 28.06%
• 5Y*: 14.44%
• 10Y*: 19.37%

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

UXI vs. IAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UXI ProShares Ultra Industrials	23.82%	28.84%	26.48%	27.34%	-32.90%	34.64%	16.37%	67.44%	-28.13%	51.81%
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	3.17%	25.80%	34.37%	15.27%	-10.87%	40.48%	18.61%	24.26%	-9.47%	28.86%

Correlation

The correlation between UXI and IAI is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007	0.73

The correlation between UXI and IAI shifts across timeframes, from 0.54 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.

UXI vs. IAI - Sectors Allocation Comparison

Sectors	UXI	IAI
Industrials	56.8%	-
Utilities	3.0%	-
Technology	2.4%	0.1%
Consumer Cyclical	0.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	99.9%
Healthcare	-	-
Real Estate	-	-

Return for Risk

UXI vs. IAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UXI

UXI Risk / Return Rank: 41
UXI Sharpe Ratio Rank: 41
UXI Sortino Ratio Rank: 41
UXI Omega Ratio Rank: 38
UXI Calmar Ratio Rank: 40
UXI Martin Ratio Rank: 43

IAI

IAI Risk / Return Rank: 29
IAI Sharpe Ratio Rank: 31
IAI Sortino Ratio Rank: 30
IAI Omega Ratio Rank: 29
IAI Calmar Ratio Rank: 27
IAI Martin Ratio Rank: 27

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.

UXI vs. IAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Industrials (UXI) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). 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.

	UXI	IAI	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.00	+0.29
Sortino ratio: Return per unit of downside risk	1.88	1.43	+0.45
Omega ratio: Gain probability vs. loss probability	1.22	1.18	+0.05
Calmar ratio: Return relative to maximum drawdown	1.76	1.17	+0.59
Martin ratio: Return relative to average drawdown	6.23	3.33	+2.90

UXI vs. IAI - Sharpe Ratio Comparison

The current UXI Sharpe Ratio is 1.29, which is comparable to the IAI Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of UXI and IAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UXI vs. IAI - Drawdown Comparison

The maximum UXI drawdown since its inception was -89.01%, which is greater than IAI's maximum drawdown of -75.46%. Use the drawdown chart below to compare losses from any high point for UXI and IAI.

Drawdown Indicators

	UXI	IAI	Difference
Max Drawdown Largest peak-to-trough decline	-89.01%	-75.46%	-13.55%
Max Drawdown (1Y) Largest decline over 1 year	-23.59%	-16.52%	-7.07%
Max Drawdown (3Y) Largest decline over 3 years	-36.42%	-23.14%	-13.28%
Max Drawdown (5Y) Largest decline over 5 years	-48.25%	-28.84%	-19.41%
Max Drawdown (10Y) Largest decline over 10 years	-66.48%	-40.38%	-26.10%
Current Drawdown Current decline from peak	-5.56%	-2.81%	-2.75%
Average Drawdown Average peak-to-trough decline	-22.58%	-22.63%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.67%	5.80%	+0.87%

Volatility

UXI vs. IAI - Volatility Comparison

ProShares Ultra Industrials (UXI) has a higher volatility of 12.20% compared to iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) at 5.98%. This indicates that UXI's price experiences larger fluctuations and is considered to be riskier than IAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UXI	IAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.20%	5.98%	+6.22%
Volatility (6M) Calculated over the trailing 6-month period	27.14%	15.34%	+11.80%
Volatility (1Y) Calculated over the trailing 1-year period	32.32%	19.44%	+12.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.13%	21.48%	+14.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.52%	22.85%	+16.67%

UXI vs. IAI - Expense Ratio Comparison

UXI has a 0.95% expense ratio, which is higher than IAI's 0.41% expense ratio.

Dividends

UXI vs. IAI - Dividend Comparison

UXI's dividend yield for the trailing twelve months is around 0.66%, less than IAI's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	1.05%	0.95%	1.05%	1.80%	2.14%	1.31%	1.55%	1.52%	1.58%	1.37%	1.49%	1.31%
UXI ProShares Ultra Industrials	0.66%	0.90%	0.18%	0.21%	0.24%	0.03%	0.29%	0.58%	0.37%	0.24%	0.38%	0.41%

Frequently Asked Questions

Can I hold both UXI and IAI in my portfolio?

UXI and IAI 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.

Which is riskier, UXI or IAI?

UXI has higher volatility (12.20%) compared to IAI (5.98%). In terms of maximum drawdown, UXI dropped -89.01% vs IAI's -75.46%.

Which ETF is better, UXI or IAI?

On 10-year performance, UXI leads with 19.65% vs 19.37% for IAI. On fees, IAI is cheaper at 0.41% per year. On volatility, IAI has been the lower-risk option at 5.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXI or IAI?

Over the 10-year period, UXI has performed better with a 19.65% return vs 19.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UXI or IAI?

IAI is cheaper with a 0.41% expense ratio, compared with 0.95% for UXI.

Which ETF pays a higher dividend yield, UXI or IAI?

IAI has the higher dividend yield at 1.05%, compared with 0.66% for UXI.

What is the main difference between UXI and IAI?

UXI is categorized as Leveraged Equities, while IAI is Financials Equities. UXI tracks Dow Jones U.S. Industrials Index (200%), while IAI tracks DJ US Select / Investment Services. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for UXI and 0.41% for IAI.

Which has better risk-adjusted returns?

UXI currently has the higher Sharpe Ratio (1.29 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.