ROM vs. DBE
ROM (ProShares Ultra Technology) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - ROM is a Leveraged Equities fund tracking the Dow Jones U.S. Technology Index (200%), while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, ROM returned 42.70%/yr vs 12.03%/yr for DBE. At a 0.21 correlation, their price movements are largely independent. ROM charges 0.95%/yr vs 0.78%/yr for DBE.
Performance
ROM vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, ROM achieves a 77.72% return, which is significantly lower than DBE's 83.68% return. Over the past 10 years, ROM has outperformed DBE with an annualized return of 42.70%, while DBE has yielded a comparatively lower 12.03% annualized return.
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%
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
ROM vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ROM ProShares Ultra Technology | 77.72% | 35.63% | 31.65% | 130.70% | -63.86% | 77.75% | 80.42% | 102.10% | -9.89% | 81.11% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between ROM and DBE is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.21 |
The correlation between ROM and DBE shifts across timeframes, from -0.25 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ROM vs. DBE — Risk / Return Rank
ROM
DBE
ROM vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and Invesco DB Energy Fund (DBE). 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.
| ROM | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.40 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.73 | 5.89 | -1.16 |
| Martin ratioReturn relative to average drawdown | 14.47 | 11.53 | +2.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ROM | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.66 | 2.43 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.67 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.43 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.09 | +0.44 |
Drawdowns
ROM vs. DBE - Drawdown Comparison
The maximum ROM drawdown since its inception was -83.36%, roughly equal to the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for ROM and DBE.
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Drawdown Indicators
| ROM | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.36% | -86.69% | +3.33% |
Max Drawdown (1Y)Largest decline over 1 year | -32.33% | -14.41% | -17.92% |
Max Drawdown (3Y)Largest decline over 3 years | -48.10% | -23.89% | -24.21% |
Max Drawdown (5Y)Largest decline over 5 years | -67.55% | -38.74% | -28.81% |
Max Drawdown (10Y)Largest decline over 10 years | -67.55% | -60.84% | -6.71% |
Current DrawdownCurrent decline from peak | -2.01% | -30.27% | +28.26% |
Average DrawdownAverage peak-to-trough decline | -20.88% | -57.31% | +36.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.55% | 7.35% | +3.20% |
Volatility
ROM vs. DBE - Volatility Comparison
ProShares Ultra Technology (ROM) has a higher volatility of 14.00% compared to Invesco DB Energy Fund (DBE) at 12.95%. This indicates that ROM's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROM | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.00% | 12.95% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 33.37% | 30.86% | +2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.83% | 34.97% | +6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.63% | 29.39% | +22.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.82% | 28.33% | +21.49% |
ROM vs. DBE - Expense Ratio Comparison
ROM has a 0.95% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
ROM vs. DBE - Dividend Comparison
ROM's dividend yield for the trailing twelve months is around 0.14%, less than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
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
ROM and DBE have a correlation of -0.25, 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 DBE (12.95%). In terms of maximum drawdown, ROM dropped -83.36% vs DBE's -86.69%.
On 10-year performance, ROM leads with 42.70% vs 12.03% for DBE. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 12.95%. 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 12.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.95% for ROM.
DBE has the higher dividend yield at 2.10%, compared with 0.14% for ROM.
ROM is categorized as Leveraged Equities, while DBE is Oil & Gas. ROM tracks Dow Jones U.S. Technology Index (200%), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.95% for ROM and 0.78% for DBE.
ROM currently has the higher Sharpe Ratio (3.66 vs 2.43), 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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