ROM vs. ASMG

Last updated Jul 18, 2026

ROM (ProShares Ultra Technology) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds. ROM is passively managed, while ASMG is actively managed. Over the past year, ROM returned 62.70% vs 314.82% for ASMG. A 0.66 correlation means they provide meaningful diversification when combined. ROM charges 0.95%/yr vs 0.75%/yr for ASMG.

Performance

ROM vs. ASMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Technology (ROM) and Leverage Shares 2X Long ASML Daily ETF (ASMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROM achieves a 38.72% return, which is significantly lower than ASMG's 116.87% return.

ROM

• 1D: -2.24%
• 1M: -16.71%
• 6M: 36.00%
• YTD: 38.72%
• 1Y: 62.70%
• 3Y*: 39.67%
• 5Y*: 21.95%
• 10Y*: 38.49%

ASMG

• 1D: -4.43%
• 1M: -21.66%
• 6M: 37.65%
• YTD: 116.87%
• 1Y: 314.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ROM vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
ROM ProShares Ultra Technology	38.72%	42.78%
ASMG Leverage Shares 2X Long ASML Daily ETF	116.87%	62.68%

Correlation

The correlation between ROM and ASMG is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.66

The correlation between ROM and ASMG has been stable across timeframes, ranging from 0.66 to 0.66 - a consistent structural relationship.

Return for Risk

ROM vs. ASMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ROM

ROM Risk / Return Rank: 43
ROM Sharpe Ratio Rank: 44
ROM Sortino Ratio Rank: 41
ROM Omega Ratio Rank: 42
ROM Calmar Ratio Rank: 47
ROM Martin Ratio Rank: 41

ASMG

ASMG Risk / Return Rank: 92
ASMG Sharpe Ratio Rank: 97
ASMG Sortino Ratio Rank: 87
ASMG Omega Ratio Rank: 82
ASMG Calmar Ratio Rank: 97
ASMG Martin Ratio Rank: 96

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.

ROM vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ROM	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	1.27	3.38	-2.11
Sortino ratio: Return per unit of downside risk	1.75	3.18	-1.43
Omega ratio: Gain probability vs. loss probability	1.22	1.38	-0.16
Calmar ratio: Return relative to maximum drawdown	1.94	8.82	-6.88
Martin ratio: Return relative to average drawdown	5.28	25.44	-20.16

ROM vs. ASMG - Sharpe Ratio Comparison

The current ROM Sharpe Ratio is 1.27, which is lower than the ASMG Sharpe Ratio of 3.38. The chart below compares the historical Sharpe Ratios of ROM and ASMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ROM vs. ASMG - Drawdown Comparison

The maximum ROM drawdown since its inception was -83.36%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for ROM and ASMG.

Drawdown Indicators

	ROM	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-83.36%	-43.95%	-39.41%
Max Drawdown (1Y) Largest decline over 1 year	-32.33%	-34.56%	+2.23%
Max Drawdown (3Y) Largest decline over 3 years	-48.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-67.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-67.55%	—	—
Current Drawdown Current decline from peak	-23.51%	-24.87%	+1.36%
Average Drawdown Average peak-to-trough decline	-20.84%	-13.13%	-7.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.86%	12.08%	-0.22%

Volatility

ROM vs. ASMG - Volatility Comparison

The current volatility for ProShares Ultra Technology (ROM) is 19.26%, while Leverage Shares 2X Long ASML Daily ETF (ASMG) has a volatility of 36.89%. This indicates that ROM experiences smaller price fluctuations and is considered to be less risky than ASMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROM	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.26%	36.89%	-17.63%
Volatility (6M) Calculated over the trailing 6-month period	42.13%	73.30%	-31.17%
Volatility (1Y) Calculated over the trailing 1-year period	49.33%	90.15%	-40.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.93%	89.20%	-36.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.38%	89.20%	-38.82%

ROM vs. ASMG - Expense Ratio Comparison

ROM has a 0.95% expense ratio, which is higher than ASMG's 0.75% expense ratio.

Dividends

ROM vs. ASMG - Dividend Comparison

ROM's dividend yield for the trailing twelve months is around 0.07%, less than ASMG's 5.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASMG Leverage Shares 2X Long ASML Daily ETF	5.17%	11.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROM ProShares Ultra Technology	0.07%	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

Can I hold both ROM and ASMG in my portfolio?

ROM and ASMG have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROM or ASMG?

ASMG has higher volatility (36.89%) compared to ROM (19.26%). In terms of maximum drawdown, ROM dropped -83.36% vs ASMG's -43.95%.

Which ETF is better, ROM or ASMG?

On 1-year performance, ASMG leads with 314.82% vs 62.70% for ROM. On fees, ASMG is cheaper at 0.75% per year. On volatility, ROM has been the lower-risk option at 19.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROM or ASMG?

Over the 1-year period, ASMG has performed better with a 314.82% return vs 62.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROM or ASMG?

ASMG is cheaper with a 0.75% expense ratio, compared with 0.95% for ROM.

Which ETF pays a higher dividend yield, ROM or ASMG?

ASMG has the higher dividend yield at 5.17%, compared with 0.07% for ROM.

What is the main difference between ROM and ASMG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for ROM and 0.75% for ASMG.

Which has better risk-adjusted returns?

ASMG currently has the higher Sharpe Ratio (3.38 vs 1.27), 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.