ROM vs. QQH

Last updated Jun 4, 2026

ROM (ProShares Ultra Technology) and QQH (HCM Defender 100 Index ETF) are both exchange-traded funds - ROM is a Leveraged Equities fund tracking the Dow Jones U.S. Technology Index (200%), while QQH is a Technology Equities fund tracking the HCM Defender 100 Index. Both are passively managed. Over the past 5 years, ROM returned 31.70%/yr vs 15.09%/yr for QQH. Their correlation of 0.91 suggests significant overlap in exposure. ROM charges 0.95%/yr vs 1.14%/yr for QQH.

Performance

ROM vs. QQH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Technology (ROM) and HCM Defender 100 Index ETF (QQH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROM achieves a 77.72% return, which is significantly higher than QQH's 14.78% return.

ROM

• 1D: -2.01%
• 1M: 45.36%
• YTD: 77.72%
• 6M: 74.45%
• 1Y: 152.07%
• 3Y*: 59.24%
• 5Y*: 31.70%
• 10Y*: 42.70%

QQH

• 1D: -0.56%
• 1M: 14.19%
• YTD: 14.78%
• 6M: 12.39%
• 1Y: 40.27%
• 3Y*: 26.06%
• 5Y*: 15.09%
• 10Y*: —

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

ROM vs. QQH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ROM ProShares Ultra Technology	77.72%	35.63%	31.65%	130.70%	-63.86%	77.75%	80.42%	29.56%
QQH HCM Defender 100 Index ETF	14.78%	15.66%	33.64%	48.05%	-39.60%	37.52%	41.71%	15.13%

Correlation

The correlation between ROM and QQH is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019	0.91

The correlation between ROM and QQH has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

ROM vs. QQH - Sectors Allocation Comparison

Sectors	ROM	QQH
Technology	55.2%	56.6%
Financial Services	3.0%	0.2%
Energy	0.1%	0.5%
Industrials	0.0%	2.2%
Basic Materials	-	1.0%
Communication Services	-	14.9%
Consumer Cyclical	-	13.6%
Consumer Defensive	-	6.3%
Healthcare	-	3.5%
Real Estate	-	0.0%
Utilities	-	1.2%

Return for Risk

ROM vs. QQH — Risk / Return Rank

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

ROM

ROM Risk / Return Rank: 83
ROM Sharpe Ratio Rank: 94
ROM Sortino Ratio Rank: 81
ROM Omega Ratio Rank: 80
ROM Calmar Ratio Rank: 85
ROM Martin Ratio Rank: 75

QQH

QQH Risk / Return Rank: 51
QQH Sharpe Ratio Rank: 58
QQH Sortino Ratio Rank: 51
QQH Omega Ratio Rank: 52
QQH Calmar Ratio Rank: 50
QQH Martin Ratio Rank: 42

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. QQH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and HCM Defender 100 Index ETF (QQH). 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.

	ROM	QQH	Difference
Sharpe ratio: Return per unit of total volatility	3.66	1.97	+1.70
Sortino ratio: Return per unit of downside risk	3.69	2.53	+1.15
Omega ratio: Gain probability vs. loss probability	1.48	1.33	+0.16
Calmar ratio: Return relative to maximum drawdown	4.73	2.50	+2.23
Martin ratio: Return relative to average drawdown	14.47	6.81	+7.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ROM vs. QQH - Sharpe Ratio Comparison

The current ROM Sharpe Ratio is 3.66, which is higher than the QQH Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of ROM and QQH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ROM	QQH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.66	1.97	+1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.71	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.85	-0.32

Drawdowns

ROM vs. QQH - Drawdown Comparison

The maximum ROM drawdown since its inception was -83.36%, which is greater than QQH's maximum drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for ROM and QQH.

Drawdown Indicators

	ROM	QQH	Difference
Max Drawdown Largest peak-to-trough decline	-83.36%	-41.87%	-41.49%
Max Drawdown (1Y) Largest decline over 1 year	-32.33%	-16.18%	-16.15%
Max Drawdown (3Y) Largest decline over 3 years	-48.10%	-24.84%	-23.26%
Max Drawdown (5Y) Largest decline over 5 years	-67.55%	-41.87%	-25.68%
Max Drawdown (10Y) Largest decline over 10 years	-67.55%	—	—
Current Drawdown Current decline from peak	-2.01%	-0.56%	-1.45%
Average Drawdown Average peak-to-trough decline	-20.88%	-12.94%	-7.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.55%	5.93%	+4.62%

Volatility

ROM vs. QQH - Volatility Comparison

ProShares Ultra Technology (ROM) has a higher volatility of 14.00% compared to HCM Defender 100 Index ETF (QQH) at 6.03%. This indicates that ROM's price experiences larger fluctuations and is considered to be riskier than QQH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROM	QQH	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.00%	6.03%	+7.97%
Volatility (6M) Calculated over the trailing 6-month period	33.37%	14.47%	+18.90%
Volatility (1Y) Calculated over the trailing 1-year period	41.83%	20.57%	+21.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.63%	21.51%	+30.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.82%	24.73%	+25.09%

ROM vs. QQH - Expense Ratio Comparison

ROM has a 0.95% expense ratio, which is lower than QQH's 1.14% expense ratio.

Dividends

ROM vs. QQH - Dividend Comparison

ROM's dividend yield for the trailing twelve months is around 0.14%, less than QQH's 0.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQH HCM Defender 100 Index ETF	0.18%	0.21%	0.24%	0.27%	0.00%	0.00%	0.00%	0.21%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both ROM and QQH in my portfolio?

With a correlation of 0.91, ROM and QQH 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 QQH?

ROM has higher volatility (14.00%) compared to QQH (6.03%). In terms of maximum drawdown, ROM dropped -83.36% vs QQH's -41.87%.

Which ETF is better, ROM or QQH?

On 5-year performance, ROM leads with 31.70% vs 15.09% for QQH. On fees, ROM is cheaper at 0.95% per year. On volatility, QQH has been the lower-risk option at 6.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROM or QQH?

Over the 5-year period, ROM has performed better with a 31.70% return vs 15.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROM or QQH?

ROM is cheaper with a 0.95% expense ratio, compared with 1.14% for QQH.

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

QQH has the higher dividend yield at 0.18%, compared with 0.14% for ROM.

What is the main difference between ROM and QQH?

ROM is categorized as Leveraged Equities, while QQH is Technology Equities. ROM tracks Dow Jones U.S. Technology Index (200%), while QQH tracks HCM Defender 100 Index. They also come from different issuers: ProShares and Howard Capital Management. Their fees differ too: 0.95% for ROM and 1.14% for QQH.

Which has better risk-adjusted returns?

ROM currently has the higher Sharpe Ratio (3.66 vs 1.97), 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.