ROM vs. SBIT

Last updated Aug 2, 2026

ROM (ProShares Ultra Technology) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - ROM is a Leveraged Equities fund tracking the S&P Technology Select Sector Index (200%), while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, ROM returned 66.51% vs 98.77% for SBIT. Their -0.39 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.

Performance

ROM vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Technology (ROM) and Proshares Ultrashort Bitcoin ETF (SBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROM achieves a 37.33% return, which is significantly lower than SBIT's 39.44% 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%

SBIT

• 1D: 5.60%
• 1M: -6.04%
• 6M: 32.41%
• YTD: 39.44%
• 1Y: 98.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -42.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ROM ProShares Ultra Technology	$8.11M	$7.91M	$10.36M
SBIT Proshares Ultrashort Bitcoin ETF	$29.57M	$32.71M	$46.48M

ROM vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ROM ProShares Ultra Technology	37.33%	35.63%	14.39%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-73.74%

Correlation

The correlation between ROM and SBIT is -0.46, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.46
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.39

Return for Risk

ROM vs. SBIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ROM

ROM Risk / Return Rank: 47
ROM Sharpe Ratio Rank: 48
ROM Sortino Ratio Rank: 47
ROM Omega Ratio Rank: 46
ROM Calmar Ratio Rank: 52
ROM Martin Ratio Rank: 42

SBIT

SBIT Risk / Return Rank: 55
SBIT Sharpe Ratio Rank: 52
SBIT Sortino Ratio Rank: 56
SBIT Omega Ratio Rank: 52
SBIT Calmar Ratio Rank: 68
SBIT Martin Ratio Rank: 46

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. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and Proshares Ultrashort Bitcoin ETF (SBIT). 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	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.27	-0.11
Sortino ratio: Return per unit of downside risk	1.68	1.95	-0.27
Omega ratio: Gain probability vs. loss probability	1.21	1.23	-0.02
Calmar ratio: Return relative to maximum drawdown	1.84	2.35	-0.51
Martin ratio: Return relative to average drawdown	4.64	5.19	-0.54

ROM vs. SBIT - Sharpe Ratio Comparison

The current ROM Sharpe Ratio is 1.16, which is comparable to the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of ROM and SBIT, 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. SBIT - Drawdown Comparison

The maximum ROM drawdown since its inception was -83.36%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for ROM and SBIT.

Drawdown Indicators

	ROM	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-83.36%	-91.35%	+7.99%
Max Drawdown (1Y) Largest decline over 1 year	-32.33%	-47.94%	+15.61%
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	-24.28%	-77.87%	+53.59%
Average Drawdown Average peak-to-trough decline	-20.84%	-69.07%	+48.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.79%	21.67%	-8.88%

Volatility

ROM vs. SBIT - Volatility Comparison

ProShares Ultra Technology (ROM) and Proshares Ultrashort Bitcoin ETF (SBIT) have volatilities of 18.85% and 18.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROM	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.85%	18.09%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	43.73%	67.10%	-23.37%
Volatility (1Y) Calculated over the trailing 1-year period	51.28%	88.65%	-37.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.25%	96.10%	-42.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.57%	96.10%	-45.53%

ROM vs. SBIT - Expense Ratio Comparison

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

Dividends

ROM vs. SBIT - Dividend Comparison

ROM's dividend yield for the trailing twelve months is around 0.07%, less than SBIT's 4.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ROM and SBIT in my portfolio?

ROM and SBIT have a correlation of -0.46, 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 SBIT?

ROM has higher volatility (18.85%) compared to SBIT (18.09%). In terms of maximum drawdown, ROM dropped -83.36% vs SBIT's -91.35%.

Which ETF is better, ROM or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 66.51% for ROM. Both ETFs have the same 0.95% expense ratio. On volatility, SBIT has been the lower-risk option at 18.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROM or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 66.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROM or SBIT?

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

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

SBIT has the higher dividend yield at 4.03%, compared with 0.07% for ROM.

What is the main difference between ROM and SBIT?

ROM is categorized as Leveraged Equities, while SBIT is Cryptocurrency. ROM tracks S&P Technology Select Sector Index (200%), while SBIT tracks Bloomberg Bitcoin Index (-200%).

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.27 vs 1.16), 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.