ROM vs. AAPL
Compare and contrast key facts about ProShares Ultra Technology (ROM) and Apple Inc (AAPL).
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: ROM or AAPL.
Key characteristics
| ROM | AAPL | |
|---|---|---|
| YTD Return | 20.90% | 16.00% |
| 1Y Return | 48.12% | 27.26% |
| 3Y Return (Ann) | 5.01% | 15.21% |
| 5Y Return (Ann) | 32.60% | 33.33% |
| 10Y Return (Ann) | 30.51% | 25.87% |
| Sharpe Ratio | 1.16 | 1.29 |
| Daily Std Dev | 43.18% | 21.96% |
| Max Drawdown | -83.36% | -81.80% |
| Current Drawdown | -16.89% | -5.14% |
Correlation
The correlation between ROM and AAPL is 0.75, 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
ROM vs. AAPL - Performance Comparison
In the year-to-date period, ROM achieves a 20.90% return, which is significantly higher than AAPL's 16.00% return. Over the past 10 years, ROM has outperformed AAPL with an annualized return of 30.51%, while AAPL has yielded a comparatively lower 25.87% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ROM vs. AAPL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and Apple Inc (AAPL). 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
ROM vs. AAPL - Dividend Comparison
ROM's dividend yield for the trailing twelve months is around 0.08%, less than AAPL's 0.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROM ProShares Ultra Technology | 0.08% | 0.01% | 0.00% | 0.00% | 0.05% | 0.16% | 0.30% | 0.08% | 0.20% | 0.12% | 0.24% | 0.03% |
AAPL Apple Inc | 0.44% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% | 2.10% |
Drawdowns
ROM vs. AAPL - Drawdown Comparison
The maximum ROM drawdown since its inception was -83.36%, roughly equal to the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for ROM and AAPL. For additional features, visit the drawdowns tool.
Volatility
ROM vs. AAPL - Volatility Comparison
ProShares Ultra Technology (ROM) has a higher volatility of 17.24% compared to Apple Inc (AAPL) at 4.30%. This indicates that ROM's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.