AXS vs. ROM

Last updated Jun 4, 2026

AXS (AXIS Capital Holdings Limited) is a stock, while ROM (ProShares Ultra Technology) is Leveraged Equities fund tracking the Dow Jones U.S. Technology Index (200%). Over the past 10 years, AXS returned 8.60%/yr vs 42.70%/yr for ROM. At a 0.32 correlation, their price movements are largely independent.

Performance

AXS vs. ROM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AXIS Capital Holdings Limited (AXS) and ProShares Ultra Technology (ROM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AXS achieves a -11.32% return, which is significantly lower than ROM's 77.72% return. Over the past 10 years, AXS has underperformed ROM with an annualized return of 8.60%, while ROM has yielded a comparatively higher 42.70% annualized return.

AXS

• 1D: -0.93%
• 1M: -4.34%
• YTD: -11.32%
• 6M: -4.25%
• 1Y: -8.27%
• 3Y*: 23.85%
• 5Y*: 15.48%
• 10Y*: 8.60%

ROM

• 1D: -2.01%
• 1M: 45.36%
• YTD: 77.72%
• 6M: 74.45%
• 1Y: 152.07%
• 3Y*: 59.24%
• 5Y*: 31.70%
• 10Y*: 42.70%

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

AXS vs. ROM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AXS AXIS Capital Holdings Limited	-11.32%	22.96%	63.90%	5.57%	2.63%	11.81%	-11.92%	18.26%	5.75%	-20.96%
ROM ProShares Ultra Technology	77.72%	35.63%	31.65%	130.70%	-63.86%	77.75%	80.42%	102.10%	-9.89%	81.11%

Correlation

The correlation between AXS and ROM is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007	0.32

The correlation between AXS and ROM shifts across timeframes, from -0.12 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AXS vs. ROM — Risk / Return Rank

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

AXS

AXS Risk / Return Rank: 22
AXS Sharpe Ratio Rank: 25
AXS Sortino Ratio Rank: 22
AXS Omega Ratio Rank: 22
AXS Calmar Ratio Rank: 23
AXS Martin Ratio Rank: 18

ROM

ROM Risk / Return Rank: 83
ROM Sharpe Ratio Rank: 94
ROM Sortino Ratio Rank: 81
ROM Omega Ratio Rank: 80
ROM Calmar Ratio Rank: 85
ROM Martin Ratio Rank: 75

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.

AXS vs. ROM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AXIS Capital Holdings Limited (AXS) and ProShares Ultra Technology (ROM). 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.

	AXS	ROM	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	3.66	-4.04
Sortino ratio: Return per unit of downside risk	-0.37	3.69	-4.05
Omega ratio: Gain probability vs. loss probability	0.96	1.48	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.50	4.73	-5.23
Martin ratio: Return relative to average drawdown	-1.07	14.47	-15.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AXS vs. ROM - Sharpe Ratio Comparison

The current AXS Sharpe Ratio is -0.37, which is lower than the ROM Sharpe Ratio of 3.66. The chart below compares the historical Sharpe Ratios of AXS and ROM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AXS	ROM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.37	3.66	-4.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.62	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.86	-0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.54	-0.22

Drawdowns

AXS vs. ROM - Drawdown Comparison

The maximum AXS drawdown since its inception was -55.93%, smaller than the maximum ROM drawdown of -83.36%. Use the drawdown chart below to compare losses from any high point for AXS and ROM.

Drawdown Indicators

	AXS	ROM	Difference
Max Drawdown Largest peak-to-trough decline	-55.93%	-83.36%	+27.43%
Max Drawdown (1Y) Largest decline over 1 year	-16.73%	-32.33%	+15.60%
Max Drawdown (3Y) Largest decline over 3 years	-16.73%	-48.10%	+31.37%
Max Drawdown (5Y) Largest decline over 5 years	-18.99%	-67.55%	+48.56%
Max Drawdown (10Y) Largest decline over 10 years	-49.31%	-67.55%	+18.24%
Current Drawdown Current decline from peak	-12.67%	-2.01%	-10.66%
Average Drawdown Average peak-to-trough decline	-12.16%	-20.88%	+8.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.73%	10.55%	-2.82%

Volatility

AXS vs. ROM - Volatility Comparison

The current volatility for AXIS Capital Holdings Limited (AXS) is 5.32%, while ProShares Ultra Technology (ROM) has a volatility of 14.00%. This indicates that AXS experiences smaller price fluctuations and is considered to be less risky than ROM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AXS	ROM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	14.00%	-8.68%
Volatility (6M) Calculated over the trailing 6-month period	15.06%	33.37%	-18.31%
Volatility (1Y) Calculated over the trailing 1-year period	22.31%	41.83%	-19.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.92%	51.63%	-26.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.54%	49.82%	-23.28%

Dividends

AXS vs. ROM - Dividend Comparison

AXS's dividend yield for the trailing twelve months is around 1.86%, more than ROM's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AXS AXIS Capital Holdings Limited	1.86%	1.64%	1.99%	3.18%	3.19%	3.10%	3.27%	2.71%	3.04%	3.04%	2.19%	2.17%
ROM ProShares Ultra Technology	0.14%	0.24%	0.21%	0.01%	0.00%	0.00%	0.05%	0.16%	0.30%	0.08%	0.20%	0.12%

Frequently Asked Questions

Can I hold both AXS and ROM in my portfolio?

AXS and ROM have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AXS or ROM?

ROM has higher volatility (14.00%) compared to AXS (5.32%). In terms of maximum drawdown, AXS dropped -55.93% vs ROM's -83.36%.

Which has better risk-adjusted returns?

ROM currently has the higher Sharpe Ratio (3.66 vs -0.37), 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.