ROM vs. RCAT

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares Ultra Technology (ROM) and Red Cat Holdings, Inc. (RCAT).

ROM is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Technology Index (200%). It was launched on Jan 30, 2007.

Performance

ROM vs. RCAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Technology (ROM) and Red Cat Holdings, Inc. (RCAT). The values are adjusted to include any dividend payments, if applicable.

ROM vs. RCAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ROM ProShares Ultra Technology	-16.84%	35.63%	31.65%	130.70%	-63.86%	77.75%	80.42%	102.10%	-9.89%	19.97%
RCAT Red Cat Holdings, Inc.	65.07%	-38.29%	1,360.23%	-6.38%	-54.81%	-30.67%	172.73%	-38.89%	-94.74%	-28.57%

Returns By Period

In the year-to-date period, ROM achieves a -16.84% return, which is significantly lower than RCAT's 65.07% return.

ROM

• 1D: 8.36%
• 1M: -8.93%
• YTD: -16.84%
• 6M: -15.35%
• 1Y: 47.16%
• 3Y*: 31.37%
• 5Y*: 14.97%
• 10Y*: 31.73%

RCAT

• 1D: 12.94%
• 1M: 12.36%
• YTD: 65.07%
• 6M: 26.47%
• 1Y: 122.62%
• 3Y*: 132.61%
• 5Y*: 25.14%
• 10Y*: —

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

Return for Risk

ROM vs. RCAT — 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: 52
ROM Sortino Ratio Rank: 61
ROM Omega Ratio Rank: 59
ROM Calmar Ratio Rank: 62
ROM Martin Ratio Rank: 49

RCAT

RCAT Risk / Return Rank: 77
RCAT Sharpe Ratio Rank: 76
RCAT Sortino Ratio Rank: 80
RCAT Omega Ratio Rank: 74
RCAT Calmar Ratio Rank: 78
RCAT Martin Ratio Rank: 75

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. RCAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and Red Cat Holdings, Inc. (RCAT). 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	RCAT	Difference
Sharpe ratio Return per unit of total volatility	0.88	1.03	-0.14
Sortino ratio Return per unit of downside risk	1.49	2.03	-0.54
Omega ratio Gain probability vs. loss probability	1.21	1.23	-0.03
Calmar ratio Return relative to maximum drawdown	1.48	2.03	-0.56
Martin ratio Return relative to average drawdown	4.42	4.43	0.00
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. RCAT - Sharpe Ratio Comparison

The current ROM Sharpe Ratio is 0.88, which is comparable to the RCAT Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of ROM and RCAT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ROM	RCAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	1.03	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.22	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	-0.06	+0.50

Correlation

The correlation between ROM and RCAT is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ROM vs. RCAT - Dividend Comparison

ROM's dividend yield for the trailing twelve months is around 0.29%, while RCAT has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ROM ProShares Ultra Technology	0.29%	0.24%	0.21%	0.01%	0.00%	0.00%	0.05%	0.16%	0.30%	0.08%	0.20%	0.12%
RCAT Red Cat Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ROM vs. RCAT - Drawdown Comparison

The maximum ROM drawdown since its inception was -83.36%, smaller than the maximum RCAT drawdown of -99.76%. Use the drawdown chart below to compare losses from any high point for ROM and RCAT.

Drawdown Indicators

	ROM	RCAT	Difference
Max Drawdown Largest peak-to-trough decline	-83.36%	-99.76%	+16.40%
Max Drawdown (1Y) Largest decline over 1 year	-32.33%	-60.08%	+27.75%
Max Drawdown (5Y) Largest decline over 5 years	-67.55%	-92.25%	+24.70%
Max Drawdown (10Y) Largest decline over 10 years	-67.55%	—	—
Current Drawdown Current decline from peak	-26.67%	-92.15%	+65.48%
Average Drawdown Average peak-to-trough decline	-21.02%	-95.58%	+74.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.81%	27.61%	-16.80%

Volatility

ROM vs. RCAT - Volatility Comparison

The current volatility for ProShares Ultra Technology (ROM) is 16.01%, while Red Cat Holdings, Inc. (RCAT) has a volatility of 37.54%. This indicates that ROM experiences smaller price fluctuations and is considered to be less risky than RCAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROM	RCAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.01%	37.54%	-21.53%
Volatility (6M) Calculated over the trailing 6-month period	32.95%	84.17%	-51.22%
Volatility (1Y) Calculated over the trailing 1-year period	53.78%	120.21%	-66.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.32%	114.24%	-62.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.50%	251.41%	-201.91%