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Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) Sharpe Ratio: 1.14

ETF · Currency in USD · Last updated Jun 24, 2026

ROMO is a passive ETF by Rational Capital LLC tracking the investment results of the Newfound/ReSolve Robust Equity Momentum Index. ROMO launched on Nov 1, 2019 and has a 0.82% expense ratio.

ROMO's Sharpe Ratio of 1.14 indicates that for each unit of volatility, it generates 1.14 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

ROMO Sharpe Ratio Rank

ROMO Sharpe Ratio Rank: 33.934
Below Average

ROMO ranks above 33.9% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

ROMO Sharpe Ratio Market Positioning

The chart shows ROMO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.16
  • Green zone (top 25%): 2.16 or higher
  • Top 1%: 6.97+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares Strategy Shares Newfound/ReSolve Robust Momentum ETF's Sharpe Ratio with other ETFs in the Momentum, Hedge Fund category across multiple time periods, showing how ROMO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
QQQAProShares Nasdaq-100 Dorsey Wright Momentum ETF2.86
MRGRProshares Merger ETF2.65
ULVMVictoryShares US Value Momentum ETF2.65
PIEInvesco DWA Emerging Markets Momentum ETF2.62
FMTMMarketDesk Focused U.S. Momentum ETF2.53
SPVMInvesco S&P 500 Value with Momentum ETF2.51
PTFInvesco Dorsey Wright Technology Momentum ETF2.34
WTMFWisdomTree Managed Futures Strategy Fund2.30
DVLUFirst Trust Dorsey Wright Momentum & Value ETF2.22
RLYSPDR SSgA Multi-Asset Real Return ETF2.20
ROMOStrategy Shares Newfound/ReSolve Robust Momentum ETF1.14

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ROMO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ROMO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does ROMO fit in your portfolio?

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