ROM vs. LTL
ROM (ProShares Ultra Technology) and LTL (ProShares Ultra Telecommunications) are both Leveraged Equities funds from ProShares - ROM tracks the S&P Technology Select Sector Index (200%) while LTL tracks the Dow Jones U.S. Select Telecommunications Index (200%). Both are passively managed. Over the past 10 years, ROM returned 41.60%/yr vs 7.43%/yr for LTL. At a 0.50 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
ROM vs. LTL - Performance Comparison
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Returns By Period
In the year-to-date period, ROM achieves a 48.47% return, which is significantly higher than LTL's -20.91% return. Over the past 10 years, ROM has outperformed LTL with an annualized return of 41.60%, while LTL has yielded a comparatively lower 7.43% annualized 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%
LTL
- 1D
- 0.85%
- 1M
- -17.29%
- YTD
- -20.91%
- 6M
- -21.18%
- 1Y
- -7.72%
- 3Y*
- 29.74%
- 5Y*
- 13.90%
- 10Y*
- 7.43%
ROM vs. LTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ROM ProShares Ultra Technology | 48.47% | 35.63% | 31.65% | 130.70% | -63.86% | 77.75% | 80.42% | 102.10% | -9.89% | 81.11% |
LTL ProShares Ultra Telecommunications | -20.91% | 37.06% | 65.15% | 62.03% | -41.14% | 40.42% | -3.25% | 30.16% | -23.44% | -26.85% |
Correlation
The correlation between ROM and LTL is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since May 22, 2008 | 0.50 |
The correlation between ROM and LTL shifts across timeframes, from 0.34 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.
ROM vs. LTL - Sectors Allocation Comparison
Sectors
ROM
LTL
Technology
Financial Services
-
Energy
-
Industrials
-
Basic Materials
-
-
Communication Services
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Healthcare
-
-
Real Estate
-
-
Utilities
-
-
Technology
ROM
LTL
Financial Services
ROM
LTL
-
Energy
ROM
LTL
-
Industrials
ROM
LTL
-
Basic Materials
ROM
-
LTL
-
Communication Services
ROM
-
LTL
Consumer Cyclical
ROM
-
LTL
-
Consumer Defensive
ROM
-
LTL
-
Healthcare
ROM
-
LTL
-
Real Estate
ROM
-
LTL
-
Utilities
ROM
-
LTL
-
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Return for Risk
ROM vs. LTL — Risk / Return Rank
ROM
LTL
ROM vs. LTL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and ProShares Ultra Telecommunications (LTL). 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 | LTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.99 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | -0.23 | +2.95 |
| Martin ratioReturn relative to average drawdown | 7.85 | -0.66 | +8.51 |
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Drawdowns
ROM vs. LTL - Drawdown Comparison
The maximum ROM drawdown since its inception was -83.36%, roughly equal to the maximum LTL drawdown of -80.20%. Use the drawdown chart below to compare losses from any high point for ROM and LTL.
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Drawdown Indicators
| ROM | LTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.36% | -80.20% | -3.16% |
Max Drawdown (1Y)Largest decline over 1 year | -32.33% | -24.33% | -8.00% |
Max Drawdown (3Y)Largest decline over 3 years | -48.10% | -34.37% | -13.73% |
Max Drawdown (5Y)Largest decline over 5 years | -67.55% | -52.60% | -14.95% |
Max Drawdown (10Y)Largest decline over 10 years | -67.55% | -64.15% | -3.40% |
Current DrawdownCurrent decline from peak | -18.14% | -23.69% | +5.55% |
Average DrawdownAverage peak-to-trough decline | -20.85% | -28.61% | +7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.15% | 8.63% | +2.52% |
Volatility
ROM vs. LTL - Volatility Comparison
ProShares Ultra Technology (ROM) has a higher volatility of 25.16% compared to ProShares Ultra Telecommunications (LTL) at 9.42%. This indicates that ROM's price experiences larger fluctuations and is considered to be riskier than LTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROM | LTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.16% | 9.42% | +15.74% |
Volatility (6M)Calculated over the trailing 6-month period | 39.71% | 20.75% | +18.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.18% | 27.28% | +19.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.55% | 34.70% | +17.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.21% | 36.95% | +13.26% |
ROM vs. LTL - Expense Ratio Comparison
Both ROM and LTL have an expense ratio of 0.95%.
Dividends
ROM vs. LTL - Dividend Comparison
ROM's dividend yield for the trailing twelve months is around 0.06%, less than LTL's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTL ProShares Ultra Telecommunications | 1.09% | 0.64% | 0.29% | 0.97% | 2.01% | 1.14% | 1.57% | 0.83% | 1.99% | 1.96% | 0.70% | 1.55% |
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
ROM and LTL have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROM has higher volatility (25.16%) compared to LTL (9.42%). In terms of maximum drawdown, ROM dropped -83.36% vs LTL's -80.20%.
On 10-year performance, ROM leads with 41.60% vs 7.43% for LTL. Both ETFs have the same 0.95% expense ratio. On volatility, LTL has been the lower-risk option at 9.42%. 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 41.60% return vs 7.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROM and LTL have the same expense ratio: 0.95% per year.
LTL has the higher dividend yield at 1.09%, compared with 0.06% for ROM.
ROM tracks S&P Technology Select Sector Index (200%), while LTL tracks Dow Jones U.S. Select Telecommunications Index (200%).
ROM currently has the higher Sharpe Ratio (1.86 vs -0.21), 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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