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.
Correlation
The correlation between ROM and AAPL is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ROM vs. AAPL - Performance Comparison
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Key characteristics
ROM:
0.11
AAPL:
0.32
ROM:
0.55
AAPL:
0.69
ROM:
1.07
AAPL:
1.10
ROM:
0.11
AAPL:
0.32
ROM:
0.30
AAPL:
1.04
ROM:
17.96%
AAPL:
10.20%
ROM:
60.55%
AAPL:
32.96%
ROM:
-83.36%
AAPL:
-81.80%
ROM:
-14.56%
AAPL:
-19.20%
Returns By Period
In the year-to-date period, ROM achieves a -5.59% return, which is significantly higher than AAPL's -16.43% return. Over the past 10 years, ROM has outperformed AAPL with an annualized return of 28.88%, while AAPL has yielded a comparatively lower 21.54% annualized return.
ROM
-5.59%
46.18%
-3.73%
6.73%
28.57%
26.43%
28.88%
AAPL
-16.43%
6.13%
-8.22%
10.47%
15.52%
21.90%
21.54%
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Risk-Adjusted Performance
ROM vs. AAPL — Risk-Adjusted Performance Rank
ROM
AAPL
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.
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Dividends
ROM vs. AAPL - Dividend Comparison
ROM's dividend yield for the trailing twelve months is around 0.23%, less than AAPL's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROM ProShares Ultra Technology | 0.23% | 0.21% | 0.01% | 0.00% | 0.00% | 0.05% | 0.16% | 0.30% | 0.08% | 0.20% | 0.12% | 0.24% |
AAPL Apple Inc | 0.48% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% |
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.
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Volatility
ROM vs. AAPL - Volatility Comparison
ProShares Ultra Technology (ROM) has a higher volatility of 14.64% compared to Apple Inc (AAPL) at 9.75%. 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.
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