# SIJ (ProShares UltraShort Industrials)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: SIJ returned +20.9% where its own daily promise gave +18.0%, 2.8 points over.

## Key facts

- SIJ, what XLI did: −8.7%, as of Sep 30, 2026.
- SIJ, what −2 times a day gives: +18.0%, as of Sep 30, 2026.
- SIJ, what the fund returned: +20.9%, as of Sep 30, 2026.
- SIJ, the fund itself added: +2.8 pts, as of Sep 30, 2026.
- SIJ, net assets: $7m (issuer page, as of Sep 30, 2026).
- SIJ, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## SIJ over each window to Sep 30, 2026

| Window | Fund | XLI | -2x the move | Difference | XLI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +9.7% | −4.4% | +8.8% | +0.9 pts | 13% |
| 3 months | +20.9% | −8.7% | +17.4% | +3.5 pts | 14% |
| 6 months | −3.8% | +2.1% | −4.1% | +0.3 pts | 18% |
| 1 year | −15.5% | +9.5% | −19.0% | +3.5 pts | 17% |
| 3 years | −62.5% | +71.7% | −143.4% | +80.8 pts | 17% |
| Since launch | −99.6% | +702.3% | not meaningful over this window | not meaningful over this window | 19% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of XLI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -2.4 times, against -2 stated | ETFIQ |
| Underlying | XLI | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $7m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 25, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 14% annualized | ETFIQ |

## Questions

### Did SIJ return -2 times XLI?

Over the window to Sep 30, 2026, XLI moved −8.7% and SIJ returned +20.9%. −2 times that move is +17.4%, so the fund came out 3.5 points ahead of it.

### Why does SIJ not return -2 times over a year?

Because it resets daily. SIJ aims at -2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, SIJ, data as of Sep 30, 2026. https://etfiq.com/funds/sij
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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