SIJ vs LTAX

Comparison between ProShares UltraShort Industrials -2x Shares (SIJ, ETF) and Nomura TaxFree USA ETF (LTAX, ETF).

SIJ vs LTAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SIJ(ETF)	LTAX(ETF)
Net Assets	$6.20M	$6.20M
Expense Ratio	N/A	0.39%
Max Drawdown	99.96%	3.49%
Sharpe Ratio	-1.14	0.06
5Y Beta	-1.79	0.16

Net Assets

SIJ

$6.20M

LTAX

$6.20M

Expense Ratio

SIJ

N/A

LTAX

0.39%

Max Drawdown

SIJ

99.96%

Winner

LTAX

3.49%

Sharpe Ratio

SIJ

-1.14

Winner

LTAX

0.06

5Y Beta

Winner

SIJ

-1.79

LTAX

0.16

SIJ vs LTAX - Historical Returns

Returns include dividend reinvestment.

Period	SIJ	LTAX
1 month	-2.06%	+0.82%
3 months	-4.02%	+1.01%
6 months	-22.34%	N/A
1 year	-31.49%	N/A
5 years(CAGR)	-18.53%	N/A
10 years(CAGR)	-27.63%	N/A
Max(CAGR)	-27.03%	+3.92%

SIJ

-2.06%

Winner

LTAX

+0.82%

SIJ

-4.02%

Winner

LTAX

+1.01%

SIJ

-22.34%

LTAX

N/A

SIJ

-31.49%

LTAX

N/A

5Y(CAGR)

SIJ

-18.53%

LTAX

N/A

10Y(CAGR)

SIJ

-27.63%

LTAX

N/A

Max(CAGR)

SIJ

-27.03%

Winner

LTAX

+3.92%

SIJ vs LTAX - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SIJ	LTAX
2026	-18.72%	+1.52%
2025	-29.83%	N/A
2024	-23.11%	N/A
2023	-23.66%	N/A
2022	+16.80%	N/A
2021	-37.10%	N/A
2020	-53.10%	N/A
2019	-44.49%	N/A
2018	+21.87%	N/A
2017	-35.61%	N/A
2016	-36.79%	N/A
2015	-4.71%	N/A
2014	-19.44%	N/A
2013	-49.46%	N/A
2012	-31.20%	N/A
2011	-19.08%	N/A
2010	-44.45%	N/A
2009	-52.04%	N/A
2008	+66.88%	N/A
2007	-13.32%	N/A

SIJ vs LTAX Drawdown Comparison

The maximum drawdown for SIJ was -99.93%, occurring on Mar 2, 2026. This drawdown has not yet recovered.

The maximum drawdown for LTAX was -3.18%, occurring on Mar 24, 2026. Recovery took 64 trading sessions.

The current SIJ drawdown is -99.92%. The current LTAX drawdown is -0.38%.

Rank	SIJ	LTAX
#1	-99.93% Mar 9, 2009 - Mar 2, 2026	-3.18% Feb 26, 2026 - May 29, 2026
#2	-48.98% Nov 20, 2008 - Mar 2, 2009	-0.78% Jan 14, 2026 - Feb 5, 2026
#3	-34.22% Oct 27, 2008 - Nov 19, 2008	-0.38% Jun 4, 2026 - Jun 5, 2026
#4	-28.07% Mar 13, 2007 - Jan 17, 2008	-0.27% Feb 10, 2026 - Feb 12, 2026
#5	-27.69% Jan 17, 2008 - Sep 17, 2008	-0.27% Feb 5, 2026 - Feb 9, 2026
#6	-18.57% Oct 9, 2008 - Oct 15, 2008	-0.21% Jun 2, 2026 - Jun 4, 2026
#7	-14.39% Sep 17, 2008 - Sep 29, 2008	-0.19% Feb 24, 2026 - Feb 26, 2026
#8	-11.90% Oct 15, 2008 - Oct 22, 2008	-0.01% Feb 13, 2026 - Feb 18, 2026
#9	-5.47% Sep 29, 2008 - Oct 2, 2008	-0.00% Feb 19, 2026 - Feb 24, 2026
#10	-5.17% Mar 3, 2009 - Mar 5, 2009	N/A
#11	-4.78% Feb 9, 2007 - Feb 27, 2007	N/A
#12	-4.20% Mar 5, 2007 - Mar 13, 2007	N/A
#13	-1.28% Feb 27, 2007 - Mar 2, 2007	N/A
#14	-0.55% Feb 1, 2007 - Feb 9, 2007	N/A

Correlation

Correlation between SIJ and LTAX is -0.95 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.95

-101