ROM vs. MAGX

Last updated Jun 24, 2026

ROM (ProShares Ultra Technology) and MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) are both Leveraged Equities funds. ROM is passively managed, while MAGX is actively managed. Over the past year, ROM returned 107.69% vs 25.45% for MAGX. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

ROM vs. MAGX - Performance Comparison

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

Returns By Period

In the year-to-date period, ROM achieves a 54.49% return, which is significantly higher than MAGX's -13.73% return.

ROM

• 1D: -8.19%
• 1M: 2.57%
• YTD: 54.49%
• 6M: 49.89%
• 1Y: 107.69%
• 3Y*: 51.07%
• 5Y*: 25.64%
• 10Y*: 41.99%

MAGX

• 1D: -2.86%
• 1M: -17.70%
• YTD: -13.73%
• 6M: -16.51%
• 1Y: 25.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ROM vs. MAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ROM ProShares Ultra Technology	54.49%	35.63%	18.56%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-13.73%	26.16%	82.41%

Correlation

The correlation between ROM and MAGX is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024	0.79

The correlation between ROM and MAGX has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

ROM vs. MAGX - Sectors Allocation Comparison

Sectors	ROM	MAGX
Technology	56.6%	-
Financial Services	3.2%	32.8%
Energy	0.1%	-
Industrials	0.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ROM vs. MAGX — Risk / Return Rank

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

ROM

ROM Risk / Return Rank: 64
ROM Sharpe Ratio Rank: 76
ROM Sortino Ratio Rank: 57
ROM Omega Ratio Rank: 59
ROM Calmar Ratio Rank: 70
ROM Martin Ratio Rank: 58

MAGX

MAGX Risk / Return Rank: 19
MAGX Sharpe Ratio Rank: 19
MAGX Sortino Ratio Rank: 20
MAGX Omega Ratio Rank: 19
MAGX Calmar Ratio Rank: 17
MAGX Martin Ratio Rank: 19

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. MAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). 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	MAGX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	0.61	+1.69
Sortino ratio: Return per unit of downside risk	2.58	1.06	+1.52
Omega ratio: Gain probability vs. loss probability	1.35	1.13	+0.22
Calmar ratio: Return relative to maximum drawdown	3.35	0.69	+2.66
Martin ratio: Return relative to average drawdown	9.82	2.03	+7.79

ROM vs. MAGX - Sharpe Ratio Comparison

The current ROM Sharpe Ratio is 2.30, which is higher than the MAGX Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of ROM and MAGX, 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. MAGX - Drawdown Comparison

The maximum ROM drawdown since its inception was -83.36%, which is greater than MAGX's maximum drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for ROM and MAGX.

Drawdown Indicators

	ROM	MAGX	Difference
Max Drawdown Largest peak-to-trough decline	-83.36%	-54.19%	-29.17%
Max Drawdown (1Y) Largest decline over 1 year	-32.33%	-37.24%	+4.91%
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	-14.82%	-21.36%	+6.54%
Average Drawdown Average peak-to-trough decline	-20.85%	-13.79%	-7.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.01%	12.59%	-1.58%

Volatility

ROM vs. MAGX - Volatility Comparison

ProShares Ultra Technology (ROM) has a higher volatility of 25.39% compared to Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) at 15.32%. This indicates that ROM's price experiences larger fluctuations and is considered to be riskier than MAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROM	MAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.39%	15.32%	+10.07%
Volatility (6M) Calculated over the trailing 6-month period	39.61%	31.75%	+7.86%
Volatility (1Y) Calculated over the trailing 1-year period	47.11%	41.71%	+5.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.53%	53.76%	-1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.23%	53.76%	-3.53%

ROM vs. MAGX - Expense Ratio Comparison

Both ROM and MAGX have an expense ratio of 0.95%.

Dividends

ROM vs. MAGX - Dividend Comparison

ROM's dividend yield for the trailing twelve months is around 0.16%, less than MAGX's 2.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.37%	2.05%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROM ProShares Ultra Technology	0.16%	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 MAGX in my portfolio?

ROM and MAGX have a correlation of 0.71, 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 MAGX?

ROM has higher volatility (25.39%) compared to MAGX (15.32%). In terms of maximum drawdown, ROM dropped -83.36% vs MAGX's -54.19%.

Which ETF is better, ROM or MAGX?

On 1-year performance, ROM leads with 107.69% vs 25.45% for MAGX. Both ETFs have the same 0.95% expense ratio. On volatility, MAGX has been the lower-risk option at 15.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROM or MAGX?

Over the 1-year period, ROM has performed better with a 107.69% return vs 25.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROM or MAGX?

ROM and MAGX have the same expense ratio: 0.95% per year.

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

MAGX has the higher dividend yield at 2.37%, compared with 0.16% for ROM.

What is the main difference between ROM and MAGX?

They also come from different issuers: ProShares and Roundhill.

Which has better risk-adjusted returns?

ROM currently has the higher Sharpe Ratio (2.30 vs 0.61), 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.