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.
Performance
ROM vs. AAPL - Performance Comparison
Returns By Period
In the year-to-date period, ROM achieves a 28.25% return, which is significantly higher than AAPL's 17.44% return. Over the past 10 years, ROM has outperformed AAPL with an annualized return of 30.69%, while AAPL has yielded a comparatively lower 24.21% annualized return.
ROM
28.25%
-1.56%
10.13%
40.89%
30.37%
30.69%
AAPL
17.44%
-4.15%
18.77%
19.20%
28.47%
24.21%
Key characteristics
| ROM | AAPL | |
|---|---|---|
| Sharpe Ratio | 0.97 | 0.90 |
| Sortino Ratio | 1.45 | 1.44 |
| Omega Ratio | 1.19 | 1.18 |
| Calmar Ratio | 1.31 | 1.22 |
| Martin Ratio | 3.97 | 2.86 |
| Ulcer Index | 10.65% | 7.08% |
| Daily Std Dev | 43.64% | 22.50% |
| Max Drawdown | -83.36% | -81.80% |
| Current Drawdown | -11.84% | -4.75% |
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Correlation
The correlation between ROM and AAPL is 0.74, 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.
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 0.17%, less than AAPL's 0.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROM ProShares Ultra Technology | 0.17% | 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 12.52% compared to Apple Inc (AAPL) at 5.16%. 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.