ROM vs. IQQQ

Last updated Jun 28, 2026

ROM (ProShares Ultra Technology) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - ROM is a Leveraged Equities fund tracking the S&P Technology Select Sector Index (200%), while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. Over the past year, ROM returned 87.84% vs 26.55% for IQQQ. Their correlation of 0.94 suggests significant overlap in exposure. ROM charges 0.95%/yr vs 0.55%/yr for IQQQ.

Performance

ROM vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Technology (ROM) and ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROM achieves a 48.47% return, which is significantly higher than IQQQ's 12.97% return.

ROM

• 1D: -4.05%
• 1M: -8.02%
• YTD: 48.47%
• 6M: 43.07%
• 1Y: 87.84%
• 3Y*: 47.89%
• 5Y*: 24.74%
• 10Y*: 41.60%

IQQQ

• 1D: -0.86%
• 1M: -3.74%
• YTD: 12.97%
• 6M: 11.34%
• 1Y: 26.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ROM vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ROM ProShares Ultra Technology	48.47%	35.63%	16.00%
IQQQ ProShares Nasdaq-100 High Income ETF	12.97%	17.11%	14.82%

Correlation

The correlation between ROM and IQQQ is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024	0.94

The correlation between ROM and IQQQ has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

ROM vs. IQQQ — Risk / Return Rank

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

ROM

ROM Risk / Return Rank: 57
ROM Sharpe Ratio Rank: 65
ROM Sortino Ratio Rank: 51
ROM Omega Ratio Rank: 53
ROM Calmar Ratio Rank: 62
ROM Martin Ratio Rank: 51

IQQQ

IQQQ Risk / Return Rank: 51
IQQQ Sharpe Ratio Rank: 52
IQQQ Sortino Ratio Rank: 47
IQQQ Omega Ratio Rank: 48
IQQQ Calmar Ratio Rank: 56
IQQQ Martin Ratio Rank: 53

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. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.60	+0.26
Sortino ratio: Return per unit of downside risk	2.25	2.12	+0.12
Omega ratio: Gain probability vs. loss probability	1.30	1.28	+0.02
Calmar ratio: Return relative to maximum drawdown	2.71	2.45	+0.27
Martin ratio: Return relative to average drawdown	7.85	8.28	-0.43

ROM vs. IQQQ - Sharpe Ratio Comparison

The current ROM Sharpe Ratio is 1.86, which is comparable to the IQQQ Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of ROM and IQQQ, 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. IQQQ - Drawdown Comparison

The maximum ROM drawdown since its inception was -83.36%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for ROM and IQQQ.

Drawdown Indicators

	ROM	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-83.36%	-20.41%	-62.95%
Max Drawdown (1Y) Largest decline over 1 year	-32.33%	-11.13%	-21.20%
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	-18.14%	-5.13%	-13.01%
Average Drawdown Average peak-to-trough decline	-20.85%	-3.63%	-17.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.15%	3.28%	+7.87%

Volatility

ROM vs. IQQQ - Volatility Comparison

ProShares Ultra Technology (ROM) has a higher volatility of 25.16% compared to ProShares Nasdaq-100 High Income ETF (IQQQ) at 8.24%. This indicates that ROM's price experiences larger fluctuations and is considered to be riskier than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROM	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.16%	8.24%	+16.92%
Volatility (6M) Calculated over the trailing 6-month period	39.71%	13.60%	+26.11%
Volatility (1Y) Calculated over the trailing 1-year period	47.18%	17.03%	+30.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.55%	19.05%	+33.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.21%	19.05%	+31.16%

ROM vs. IQQQ - Expense Ratio Comparison

ROM has a 0.95% expense ratio, which is higher than IQQQ's 0.55% expense ratio.

Dividends

ROM vs. IQQQ - Dividend Comparison

ROM's dividend yield for the trailing twelve months is around 0.06%, less than IQQQ's 4.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQQQ ProShares Nasdaq-100 High Income ETF	4.65%	10.34%	7.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROM ProShares Ultra Technology	0.06%	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 IQQQ in my portfolio?

With a correlation of 0.92, ROM and IQQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ROM or IQQQ?

ROM has higher volatility (25.16%) compared to IQQQ (8.24%). In terms of maximum drawdown, ROM dropped -83.36% vs IQQQ's -20.41%.

Which ETF is better, ROM or IQQQ?

On 1-year performance, ROM leads with 87.84% vs 26.55% for IQQQ. On fees, IQQQ is cheaper at 0.55% per year. On volatility, IQQQ has been the lower-risk option at 8.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROM or IQQQ?

Over the 1-year period, ROM has performed better with a 87.84% return vs 26.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROM or IQQQ?

IQQQ is cheaper with a 0.55% expense ratio, compared with 0.95% for ROM.

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

IQQQ has the higher dividend yield at 4.65%, compared with 0.06% for ROM.

What is the main difference between ROM and IQQQ?

ROM is categorized as Leveraged Equities, while IQQQ is Nasdaq-100. ROM tracks S&P Technology Select Sector Index (200%), while IQQQ tracks Nasdaq-100 Daily Covered Call Index. Their fees differ too: 0.95% for ROM and 0.55% for IQQQ.

Which has better risk-adjusted returns?

ROM currently has the higher Sharpe Ratio (1.86 vs 1.60), 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.