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ROM vs. QLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ROM vs. QLD

Last updated Aug 2, 2026
Documentation

ROM (ProShares Ultra Technology) and QLD (ProShares Ultra QQQ) are both Leveraged Equities funds from ProShares - ROM tracks the S&P Technology Select Sector Index (200%) while QLD tracks the NASDAQ-100 Index (200%). Both are passively managed. Over the past 10 years, ROM returned 37.52%/yr vs 32.56%/yr for QLD. Their 0.96 correlation means they have historically moved very closely together. Both charge a 0.95% expense ratio.

Performance

ROM vs. QLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Technology (ROM) and ProShares Ultra QQQ (QLD). 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 37.33% return, which is significantly higher than QLD's 18.94% return. Over the past 10 years, ROM has outperformed QLD with an annualized return of 37.52%, while QLD has yielded a comparatively lower 32.56% annualized return.

ROM

1D
-0.50%
1M
-7.06%
6M
38.35%
YTD
37.33%
1Y
66.51%
3Y*
40.16%
5Y*
20.19%
10Y*
37.52%
ALL TIME*
23.64%

QLD

1D
1.20%
1M
-7.66%
6M
16.78%
YTD
18.94%
1Y
42.18%
3Y*
35.01%
5Y*
17.45%
10Y*
32.56%
ALL TIME*
24.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

QLD

ProShares Ultra QQQ
$408.78M$399.91M$439.78M

ROM

ProShares Ultra Technology
$8.11M$7.91M$10.36M

ROM vs. QLD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ROM
ProShares Ultra Technology		37.33%35.63%31.65%130.70%-63.86%77.75%80.42%102.10%-9.89%81.11%
QLD
ProShares Ultra QQQ		18.94%30.36%42.82%117.72%-60.52%54.67%88.90%81.69%-8.31%70.34%

Correlation

The correlation between ROM and QLD is 0.94, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.94

Correlation (3Y)
Balances recent behavior with more history.

0.95

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.97

Correlation (10Y)
Provides a long-term view across more market conditions.

0.97

Correlation (All Time)
Calculated using the full available price history since Feb 1, 2007

0.96

The correlation between ROM and QLD has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

ROM vs. QLD - Sectors Allocation Comparison

Sectors
ROM
QLD

Technology

62.0%
60.9%

Financial Services

3.5%
0.2%

Communication Services

0.8%
13.1%

Energy

0.1%
0.5%

Industrials

0.0%
2.7%

Basic Materials

-

1.0%

Consumer Cyclical

-

10.7%

Consumer Defensive

-

6.3%

Healthcare

-

3.6%

Real Estate

-

0.1%

Utilities

-

1.1%

Technology

ROM
62.0%
QLD
60.9%

Financial Services

ROM
3.5%
QLD
0.2%

Communication Services

ROM
0.8%
QLD
13.1%

Energy

ROM
0.1%
QLD
0.5%

Industrials

ROM
0.0%
QLD
2.7%

Basic Materials

ROM

-

QLD
1.0%

Consumer Cyclical

ROM

-

QLD
10.7%

Consumer Defensive

ROM

-

QLD
6.3%

Healthcare

ROM

-

QLD
3.6%

Real Estate

ROM

-

QLD
0.1%

Utilities

ROM

-

QLD
1.1%

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

ProShares Ultra QQQ

Often compared with ROM:
ROM vs. TECLROM vs. TQQQROM vs. UPROROM vs. USAROM vs. WEBLROM vs. SOXXROM vs. FTEC
Often compared with QLD:
QLD vs. QQQQLD vs. TQQQQLD vs. SSOQLD vs. QQQMQLD vs. UPROQLD vs. VOOQLD vs. SPY

Return for Risk

ROM vs. QLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ROM
ROM Risk / Return Rank: 4747
Overall Rank
ROM Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
ROM Sortino Ratio Rank: 4747
Sortino Ratio Rank
ROM Omega Ratio Rank: 4646
Omega Ratio Rank
ROM Calmar Ratio Rank: 5252
Calmar Ratio Rank
ROM Martin Ratio Rank: 4242
Martin Ratio Rank
QLD
QLD Risk / Return Rank: 3939
Overall Rank
QLD Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
QLD Sortino Ratio Rank: 3939
Sortino Ratio Rank
QLD Omega Ratio Rank: 3838
Omega Ratio Rank
QLD Calmar Ratio Rank: 4141
Calmar Ratio Rank
QLD Martin Ratio Rank: 4141
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ROM vs. QLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and ProShares Ultra QQQ (QLD). 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.

ROMQLDDifference
Sharpe ratioReturn per unit of total volatility
1.16
0.95

+0.21

Sortino ratioReturn per unit of downside risk
1.68
1.44

+0.24

Omega ratioGain probability vs. loss probability

1.21

1.18

+0.03

Calmar ratioReturn relative to maximum drawdown

1.84

1.46

+0.38

Martin ratioReturn relative to average drawdown

4.64

4.32

+0.32

ROM vs. QLD - Sharpe Ratio Comparison

The current ROM Sharpe Ratio is 1.16, which is comparable to the QLD Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of ROM and QLD, 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. QLD - Drawdown Comparison

The maximum ROM drawdown since its inception was -83.36%, roughly equal to the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for ROM and QLD.

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Drawdown Indicators

ROMQLDDifference

Max Drawdown

Largest peak-to-trough decline

-83.36%

-83.13%

-0.23%

Max Drawdown (1Y)

Largest decline over 1 year

-32.33%

-25.13%

-7.20%

Max Drawdown (3Y)

Largest decline over 3 years

-48.10%

-42.29%

-5.81%

Max Drawdown (5Y)

Largest decline over 5 years

-67.55%

-63.68%

-3.87%

Max Drawdown (10Y)

Largest decline over 10 years

-67.55%

-63.68%

-3.87%

Current Drawdown

Current decline from peak

-24.28%

-16.72%

-7.56%

Average Drawdown

Average peak-to-trough decline

-20.84%

-18.11%

-2.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.79%

8.47%

+4.32%

Volatility

ROM vs. QLD - Volatility Comparison

ProShares Ultra Technology (ROM) has a higher volatility of 18.85% compared to ProShares Ultra QQQ (QLD) at 13.69%. This indicates that ROM's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ROMQLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

18.85%

13.69%

+5.16%

Volatility (6M)

Calculated over the trailing 6-month period

43.73%

31.99%

+11.74%

Volatility (1Y)

Calculated over the trailing 1-year period

51.28%

38.62%

+12.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

53.25%

45.76%

+7.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

50.57%

44.97%

+5.60%

ROM vs. QLD - Expense Ratio Comparison

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

Dividends

ROM vs. QLD - Dividend Comparison

ROM's dividend yield for the trailing twelve months is around 0.07%, less than QLD's 0.14% yield.

PositionTTM20252024202320222021202020192018201720162015
QLD
ProShares Ultra QQQ		0.14%0.17%0.25%0.33%0.31%0.00%0.00%0.13%0.06%0.02%0.21%0.11%
ROM
ProShares Ultra Technology		0.07%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

With a correlation of 0.94, ROM and QLD 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.

ROM has higher volatility (18.85%) compared to QLD (13.69%). In terms of maximum drawdown, ROM dropped -83.36% vs QLD's -83.13%.

On 10-year performance, ROM leads with 37.52% vs 32.56% for QLD. Both ETFs have the same 0.95% expense ratio. On volatility, QLD has been the lower-risk option at 13.69%. 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 37.52% return vs 32.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

QLD has the higher dividend yield at 0.14%, compared with 0.07% for ROM.

ROM tracks S&P Technology Select Sector Index (200%), while QLD tracks NASDAQ-100 Index (200%).

ROM currently has the higher Sharpe Ratio (1.16 vs 0.95), 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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