CLPAX vs. ROM
Compare and contrast key facts about Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) and ProShares Ultra Technology (ROM).
CLPAX is managed by Catalyst Mutual Funds. It was launched on Dec 30, 2013. ROM is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Technology Index (200%). It was launched on Jan 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLPAX or ROM.
Correlation
The correlation between CLPAX and ROM is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CLPAX vs. ROM - Performance Comparison
Key characteristics
CLPAX:
0.92
ROM:
0.71
CLPAX:
1.34
ROM:
1.18
CLPAX:
1.17
ROM:
1.15
CLPAX:
0.99
ROM:
0.98
CLPAX:
3.75
ROM:
2.91
CLPAX:
3.24%
ROM:
10.84%
CLPAX:
13.15%
ROM:
44.41%
CLPAX:
-36.85%
ROM:
-83.36%
CLPAX:
-3.22%
ROM:
-9.95%
Returns By Period
In the year-to-date period, CLPAX achieves a 12.62% return, which is significantly lower than ROM's 31.00% return. Over the past 10 years, CLPAX has underperformed ROM with an annualized return of 1.21%, while ROM has yielded a comparatively higher 30.75% annualized return.
CLPAX
12.62%
2.56%
4.34%
13.59%
4.16%
1.21%
ROM
31.00%
1.48%
-5.05%
30.62%
28.91%
30.75%
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CLPAX vs. ROM - Expense Ratio Comparison
CLPAX has a 1.74% expense ratio, which is higher than ROM's 0.95% expense ratio.
Risk-Adjusted Performance
CLPAX vs. ROM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) 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.
Dividends
CLPAX vs. ROM - Dividend Comparison
CLPAX has not paid dividends to shareholders, while ROM's dividend yield for the trailing twelve months is around 0.17%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.08% | 0.29% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
ROM ProShares Ultra Technology | 0.16% | 0.01% | 0.00% | 0.00% | 0.05% | 0.16% | 0.30% | 0.08% | 0.20% | 0.12% | 0.24% | 0.03% |
Drawdowns
CLPAX vs. ROM - Drawdown Comparison
The maximum CLPAX drawdown since its inception was -36.85%, smaller than the maximum ROM drawdown of -83.36%. Use the drawdown chart below to compare losses from any high point for CLPAX and ROM. For additional features, visit the drawdowns tool.
Volatility
CLPAX vs. ROM - Volatility Comparison
The current volatility for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) is 4.55%, while ProShares Ultra Technology (ROM) has a volatility of 10.62%. This indicates that CLPAX 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.