SIJ

SIJ is managed by ProShares and uses leverage to achieve twice the inverse of the daily return of the Dow Jones U.S. Industrial Sector Index. It is rebalanced daily to maintain this leverage ratio.

SIJ has an expense ratio of approximately 0.95%. This fee covers the cost of managing the ETF, including the leverage and trading expenses.

SIJ can be purchased through brokerage accounts, similar to other ETFs. It is listed on major stock exchanges under the ticker symbol "SIJ" and can be traded during market hours.

SIJ aims to provide -2x the daily performance of the Dow Jones U.S. Industrial Sector Index. Due to leverage, its performance can diverge significantly over longer periods from -2x the index’s return.

SIJ typically distributes dividends on a quarterly basis. The dividends come from the income generated by the ETF’s underlying holdings and any interest earned from cash.

The liquidity of SIJ is measured by its trading volume and bid-ask spread. Higher trading volumes generally indicate better liquidity, resulting in narrower spreads and lower trading costs.

SIJ’s portfolio is rebalanced daily to maintain its -2x leverage ratio. The ETF adjusts its holdings to reflect changes in the Dow Jones U.S. Industrial Sector Index and to achieve the targeted leverage.

Similar ETFs include: SZO (ProShares UltraShort Basic Materials): Provides -2x daily performance of the Dow Jones U.S. Basic Materials Index. SH (ProShares Short S&P 500): Aims for -1x daily performance of the S&P 500 Index. SDS (ProShares UltraShort S&P 500): Seeks -2x daily performance of the S&P 500 Index.

While SIJ can be held in retirement accounts such as IRAs or 401(k)s, its leveraged nature makes it more suitable for short-term trading rather than long-term retirement investing.

Key metrics include the ETF’s net asset value (NAV), expense ratio, daily performance relative to -2x the Dow Jones U.S. Industrial Sector Index, and tracking error. The performance is most relevant on a daily basis.