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LTL vs. ROM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LTL vs. ROM

Last updated Jun 4, 2026

LTL (ProShares Ultra Telecommunications) and ROM (ProShares Ultra Technology) are both Leveraged Equities funds from ProShares - LTL tracks the Dow Jones U.S. Select Telecommunications Index (200%) while ROM tracks the Dow Jones U.S. Technology Index (200%). Both are passively managed. Over the past 10 years, LTL returned 9.43%/yr vs 42.70%/yr for ROM. A 0.50 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

LTL vs. ROM - Performance Comparison

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

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Returns By Period

In the year-to-date period, LTL achieves a -11.79% return, which is significantly lower than ROM's 77.72% return. Over the past 10 years, LTL has underperformed ROM with an annualized return of 9.43%, while ROM has yielded a comparatively higher 42.70% annualized return.

LTL

1D
-2.50%
1M
-7.30%
YTD
-11.79%
6M
-7.47%
1Y
15.16%
3Y*
36.33%
5Y*
16.49%
10Y*
9.43%

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)

LTL vs. ROM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LTL
ProShares Ultra Telecommunications		-11.79%37.06%65.15%62.03%-41.14%40.42%-3.25%30.16%-23.44%-26.85%
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 LTL and ROM is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.66

Correlation (10Y)
Calculated over the trailing 10-year period

0.53

Correlation (All Time)
Calculated using the full available price history since May 23, 2008

0.50

The correlation between LTL and ROM shifts across timeframes, from 0.39 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

LTL vs. ROM - Sectors Allocation Comparison

Sectors
LTL
ROM

Communication Services

57.7%

-

Technology

2.7%
55.2%

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

0.1%

Financial Services

-

3.0%

Healthcare

-

-

Industrials

-

0.0%

Real Estate

-

-

Utilities

-

-

Communication Services

LTL
57.7%
ROM

-

Technology

LTL
2.7%
ROM
55.2%

Basic Materials

LTL

-

ROM

-

Consumer Cyclical

LTL

-

ROM

-

Consumer Defensive

LTL

-

ROM

-

Energy

LTL

-

ROM
0.1%

Financial Services

LTL

-

ROM
3.0%

Healthcare

LTL

-

ROM

-

Industrials

LTL

-

ROM
0.0%

Real Estate

LTL

-

ROM

-

Utilities

LTL

-

ROM

-

Compare stocks, funds, or ETFs

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ProShares Ultra Telecommunications

ProShares Ultra Technology

Often compared with LTL:
LTL vs. XLCLTL vs. SSOLTL vs. WDAYLTL vs. LITPLTL vs. BRK-BLTL vs. XLKLTL vs. DGRO
Often compared with ROM:
ROM vs. QLDROM vs. TECLROM vs. TQQQROM vs. UPROROM vs. USAROM vs. WEBLROM vs. SOXX

Return for Risk

LTL vs. ROM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LTL
LTL Risk / Return Rank: 1818
Overall Rank
LTL Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
LTL Sortino Ratio Rank: 1919
Sortino Ratio Rank
LTL Omega Ratio Rank: 1717
Omega Ratio Rank
LTL Calmar Ratio Rank: 1818
Calmar Ratio Rank
LTL Martin Ratio Rank: 1919
Martin Ratio Rank
ROM
ROM Risk / Return Rank: 8383
Overall Rank
ROM Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
ROM Sortino Ratio Rank: 8181
Sortino Ratio Rank
ROM Omega Ratio Rank: 8080
Omega Ratio Rank
ROM Calmar Ratio Rank: 8585
Calmar Ratio Rank
ROM Martin Ratio Rank: 7575
Martin Ratio Rank
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.

LTL vs. ROM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Telecommunications (LTL) 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.

LTLROMDifference
Sharpe ratioReturn per unit of total volatility
0.57
3.66

-3.10

Sortino ratioReturn per unit of downside risk
0.98
3.69

-2.70

Omega ratioGain probability vs. loss probability

1.11

1.48

-0.37

Calmar ratioReturn relative to maximum drawdown

0.71

4.73

-4.02

Martin ratioReturn relative to average drawdown

2.10

14.47

-12.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LTL vs. ROM - Sharpe Ratio Comparison

The current LTL Sharpe Ratio is 0.57, which is lower than the ROM Sharpe Ratio of 3.66. The chart below compares the historical Sharpe Ratios of LTL 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.

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Sharpe Ratios by Period

LTLROMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.57

3.66

-3.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

0.62

-0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

0.86

-0.60

Sharpe Ratio (All Time)

Calculated using the full available price history

0.15

0.54

-0.38

Drawdowns

LTL vs. ROM - Drawdown Comparison

The maximum LTL drawdown since its inception was -80.20%, roughly equal to the maximum ROM drawdown of -83.36%. Use the drawdown chart below to compare losses from any high point for LTL and ROM.

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Drawdown Indicators

LTLROMDifference

Max Drawdown

Largest peak-to-trough decline

-80.20%

-83.36%

+3.16%

Max Drawdown (1Y)

Largest decline over 1 year

-21.43%

-32.33%

+10.90%

Max Drawdown (3Y)

Largest decline over 3 years

-34.37%

-48.10%

+13.73%

Max Drawdown (5Y)

Largest decline over 5 years

-52.60%

-67.55%

+14.95%

Max Drawdown (10Y)

Largest decline over 10 years

-64.15%

-67.55%

+3.40%

Current Drawdown

Current decline from peak

-14.89%

-2.01%

-12.88%

Average Drawdown

Average peak-to-trough decline

-28.66%

-20.88%

-7.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.25%

10.55%

-3.30%

Volatility

LTL vs. ROM - Volatility Comparison

The current volatility for ProShares Ultra Telecommunications (LTL) is 7.57%, while ProShares Ultra Technology (ROM) has a volatility of 14.00%. This indicates that LTL 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.

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Volatility by Period

LTLROMDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.57%

14.00%

-6.43%

Volatility (6M)

Calculated over the trailing 6-month period

19.39%

33.37%

-13.98%

Volatility (1Y)

Calculated over the trailing 1-year period

26.85%

41.83%

-14.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.56%

51.63%

-17.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.96%

49.82%

-12.86%

LTL vs. ROM - Expense Ratio Comparison

Both LTL and ROM have an expense ratio of 0.95%.

Dividends

LTL vs. ROM - Dividend Comparison

LTL's dividend yield for the trailing twelve months is around 0.92%, more than ROM's 0.14% yield.

PositionTTM20252024202320222021202020192018201720162015
LTL
ProShares Ultra Telecommunications		0.92%0.64%0.29%0.97%2.01%1.14%1.57%0.83%1.99%1.96%0.70%1.55%
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

LTL and ROM have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ROM has higher volatility (14.00%) compared to LTL (7.57%). In terms of maximum drawdown, LTL dropped -80.20% vs ROM's -83.36%.

On 10-year performance, ROM leads with 42.70% vs 9.43% for LTL. Both ETFs have the same 0.95% expense ratio. On volatility, LTL has been the lower-risk option at 7.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ROM has performed better with a 42.70% return vs 9.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

LTL and ROM have the same expense ratio: 0.95% per year.

LTL has the higher dividend yield at 0.92%, compared with 0.14% for ROM.

LTL tracks Dow Jones U.S. Select Telecommunications Index (200%), while ROM tracks Dow Jones U.S. Technology Index (200%).

ROM currently has the higher Sharpe Ratio (3.66 vs 0.57), 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.

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