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ROM vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ROM vs. HDV

Last updated Jun 23, 2026

ROM (ProShares Ultra Technology) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - ROM is a Leveraged Equities fund tracking the S&P Technology Select Sector Index (200%), while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 10 years, ROM returned 43.20%/yr vs 9.31%/yr for HDV. At a 0.47 correlation, their price movements are largely independent. ROM charges 0.95%/yr vs 0.08%/yr for HDV.

Performance

ROM vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Technology (ROM) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ROM achieves a 68.28% return, which is significantly higher than HDV's 12.57% return. Over the past 10 years, ROM has outperformed HDV with an annualized return of 43.20%, while HDV has yielded a comparatively lower 9.31% annualized return.

ROM

1D
1.04%
1M
11.73%
YTD
68.28%
6M
64.98%
1Y
131.63%
3Y*
55.44%
5Y*
28.14%
10Y*
43.20%

HDV

1D
0.15%
1M
-2.65%
YTD
12.57%
6M
12.67%
1Y
19.54%
3Y*
14.97%
5Y*
10.90%
10Y*
9.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ROM vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ROM
ProShares Ultra Technology		68.28%35.63%31.65%130.70%-63.86%77.75%80.42%102.10%-9.89%81.11%
HDV
iShares Core High Dividend ETF		12.57%11.90%14.16%1.72%7.05%19.45%-6.48%20.22%-3.01%13.40%

Correlation

The correlation between ROM and HDV is -0.15, 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

-0.15

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.28

Correlation (10Y)
Calculated over the trailing 10-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2011

0.47

The correlation between ROM and HDV shifts across timeframes, from -0.15 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

ROM vs. HDV - Sectors Allocation Comparison

Sectors
ROM
HDV

Technology

56.6%
0.2%

Financial Services

3.2%
4.7%

Energy

0.1%
20.2%

Industrials

0.0%
3.5%

Basic Materials

-

0.8%

Communication Services

-

5.7%

Consumer Cyclical

-

9.2%

Consumer Defensive

-

24.5%

Healthcare

-

22.6%

Real Estate

-

-

Utilities

-

8.1%

Technology

ROM
56.6%
HDV
0.2%

Financial Services

ROM
3.2%
HDV
4.7%

Energy

ROM
0.1%
HDV
20.2%

Industrials

ROM
0.0%
HDV
3.5%

Basic Materials

ROM

-

HDV
0.8%

Communication Services

ROM

-

HDV
5.7%

Consumer Cyclical

ROM

-

HDV
9.2%

Consumer Defensive

ROM

-

HDV
24.5%

Healthcare

ROM

-

HDV
22.6%

Real Estate

ROM

-

HDV

-

Utilities

ROM

-

HDV
8.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Ultra Technology

iShares Core High Dividend ETF

Often compared with ROM:
ROM vs. QLDROM vs. TECLROM vs. TQQQROM vs. UPROROM vs. USAROM vs. WEBLROM vs. SOXX
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

ROM vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ROM
ROM Risk / Return Rank: 7676
Overall Rank
ROM Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
ROM Sortino Ratio Rank: 6969
Sortino Ratio Rank
ROM Omega Ratio Rank: 7272
Omega Ratio Rank
ROM Calmar Ratio Rank: 8181
Calmar Ratio Rank
ROM Martin Ratio Rank: 6868
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 6464
Overall Rank
HDV Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 6666
Sortino Ratio Rank
HDV Omega Ratio Rank: 5757
Omega Ratio Rank
HDV Calmar Ratio Rank: 7777
Calmar Ratio Rank
HDV Martin Ratio Rank: 6060
Martin Ratio Rank
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. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and iShares Core High Dividend ETF (HDV). 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.

ROMHDVDifference
Sharpe ratioReturn per unit of total volatility
2.86
1.99

+0.87

Sortino ratioReturn per unit of downside risk
3.00
2.92

+0.08

Omega ratioGain probability vs. loss probability

1.41

1.34

+0.06

Calmar ratioReturn relative to maximum drawdown

4.10

3.79

+0.31

Martin ratioReturn relative to average drawdown

12.05

10.39

+1.65

ROM vs. HDV - Sharpe Ratio Comparison

The current ROM Sharpe Ratio is 2.86, which is higher than the HDV Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of ROM and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ROM vs. HDV - Drawdown Comparison

The maximum ROM drawdown since its inception was -83.36%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for ROM and HDV.

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Drawdown Indicators

ROMHDVDifference

Max Drawdown

Largest peak-to-trough decline

-83.36%

-37.04%

-46.32%

Max Drawdown (1Y)

Largest decline over 1 year

-32.33%

-5.18%

-27.15%

Max Drawdown (3Y)

Largest decline over 3 years

-48.10%

-10.49%

-37.61%

Max Drawdown (5Y)

Largest decline over 5 years

-67.55%

-15.42%

-52.13%

Max Drawdown (10Y)

Largest decline over 10 years

-67.55%

-37.04%

-30.51%

Current Drawdown

Current decline from peak

-7.22%

-2.65%

-4.57%

Average Drawdown

Average peak-to-trough decline

-20.85%

-3.08%

-17.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.97%

1.89%

+9.08%

Volatility

ROM vs. HDV - Volatility Comparison

ProShares Ultra Technology (ROM) has a higher volatility of 23.70% compared to iShares Core High Dividend ETF (HDV) at 3.37%. This indicates that ROM's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ROMHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

23.70%

3.37%

+20.33%

Volatility (6M)

Calculated over the trailing 6-month period

38.65%

7.52%

+31.13%

Volatility (1Y)

Calculated over the trailing 1-year period

46.41%

9.87%

+36.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

52.40%

12.80%

+39.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

50.24%

15.74%

+34.50%

ROM vs. HDV - Expense Ratio Comparison

ROM has a 0.95% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

ROM vs. HDV - Dividend Comparison

ROM's dividend yield for the trailing twelve months is around 0.14%, less than HDV's 2.94% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		2.94%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
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 HDV have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ROM has higher volatility (23.70%) compared to HDV (3.37%). In terms of maximum drawdown, ROM dropped -83.36% vs HDV's -37.04%.

On 10-year performance, ROM leads with 43.20% vs 9.31% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.37%. 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 43.20% return vs 9.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HDV is cheaper with a 0.08% expense ratio, compared with 0.95% for ROM.

HDV has the higher dividend yield at 2.94%, compared with 0.14% for ROM.

ROM is categorized as Leveraged Equities, while HDV is Dividend. ROM tracks S&P Technology Select Sector Index (200%), while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for ROM and 0.08% for HDV.

ROM currently has the higher Sharpe Ratio (2.86 vs 1.99), 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.

Portfolio Optimizer

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