ROM vs. SQQQ
ROM (ProShares Ultra Technology) and SQQQ (ProShares UltraPro Short QQQ) are both Leveraged Equities funds from ProShares - ROM tracks the S&P Technology Select Sector Index (200%) while SQQQ tracks the NASDAQ-100 Index (-300%). Both are passively managed. Over the past 10 years, ROM returned 38.49%/yr vs -54.92%/yr for SQQQ. At a correlation of -0.96, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
ROM vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, ROM achieves a 38.72% return, which is significantly higher than SQQQ's -36.02% return. Over the past 10 years, ROM has outperformed SQQQ with an annualized return of 38.49%, while SQQQ has yielded a comparatively lower -54.92% annualized return.
ROM
- 1D
- -2.24%
- 1M
- -16.71%
- 6M
- 36.00%
- YTD
- 38.72%
- 1Y
- 62.70%
- 3Y*
- 39.67%
- 5Y*
- 21.95%
- 10Y*
- 38.49%
SQQQ
- 1D
- 4.65%
- 1M
- 18.30%
- 6M
- -34.17%
- YTD
- -36.02%
- 1Y
- -51.29%
- 3Y*
- -49.80%
- 5Y*
- -45.39%
- 10Y*
- -54.92%
ROM vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ROM ProShares Ultra Technology | 38.72% | 35.63% | 31.65% | 130.70% | -63.86% | 77.75% | 80.42% | 102.10% | -9.89% | 81.11% |
SQQQ ProShares UltraPro Short QQQ | -36.02% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -58.67% |
Correlation
The correlation between ROM and SQQQ is -0.94, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -0.96 |
The correlation between ROM and SQQQ has been stable across timeframes, ranging from -0.97 to -0.94 - a consistent structural relationship.
ROM vs. SQQQ - Sectors Allocation Comparison
Sectors
ROM
SQQQ
Technology
-
Financial Services
Energy
-
Industrials
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Healthcare
-
-
Real Estate
-
-
Utilities
-
-
Technology
ROM
SQQQ
-
Financial Services
ROM
SQQQ
Energy
ROM
SQQQ
-
Industrials
ROM
SQQQ
-
Basic Materials
ROM
-
SQQQ
-
Communication Services
ROM
-
SQQQ
-
Consumer Cyclical
ROM
-
SQQQ
-
Consumer Defensive
ROM
-
SQQQ
-
Healthcare
ROM
-
SQQQ
-
Real Estate
ROM
-
SQQQ
-
Utilities
ROM
-
SQQQ
-
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Return for Risk
ROM vs. SQQQ — Risk / Return Rank
ROM
SQQQ
ROM vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and ProShares UltraPro Short QQQ (SQQQ). 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 | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.85 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.84 | +2.78 |
| Martin ratioReturn relative to average drawdown | 5.28 | -1.53 | +6.80 |
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Drawdowns
ROM vs. SQQQ - Drawdown Comparison
The maximum ROM drawdown since its inception was -83.36%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ROM and SQQQ.
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Drawdown Indicators
| ROM | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.36% | -100.00% | +16.64% |
Max Drawdown (1Y)Largest decline over 1 year | -32.33% | -61.03% | +28.70% |
Max Drawdown (3Y)Largest decline over 3 years | -48.10% | -92.51% | +44.41% |
Max Drawdown (5Y)Largest decline over 5 years | -67.55% | -97.27% | +29.72% |
Max Drawdown (10Y)Largest decline over 10 years | -67.55% | -99.97% | +32.42% |
Current DrawdownCurrent decline from peak | -23.51% | -100.00% | +76.49% |
Average DrawdownAverage peak-to-trough decline | -20.84% | -92.76% | +71.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.86% | 33.52% | -21.66% |
Volatility
ROM vs. SQQQ - Volatility Comparison
The current volatility for ProShares Ultra Technology (ROM) is 19.26%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 22.12%. This indicates that ROM experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROM | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.26% | 22.12% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 42.13% | 46.34% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.33% | 56.08% | -6.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.93% | 67.92% | -14.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.38% | 66.58% | -16.20% |
ROM vs. SQQQ - Expense Ratio Comparison
Both ROM and SQQQ have an expense ratio of 0.95%.
Dividends
ROM vs. SQQQ - Dividend Comparison
ROM's dividend yield for the trailing twelve months is around 0.07%, less than SQQQ's 9.34% 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% |
SQQQ ProShares UltraPro Short QQQ | 9.34% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% | 0.00% | 0.00% |
Frequently Asked Questions
ROM and SQQQ have a correlation of -0.94, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (22.12%) compared to ROM (19.26%). In terms of maximum drawdown, ROM dropped -83.36% vs SQQQ's -100.00%.
On 10-year performance, ROM leads with 38.49% vs -54.92% for SQQQ. Both ETFs have the same 0.95% expense ratio. On volatility, ROM has been the lower-risk option at 19.26%. 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 38.49% return vs -54.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROM and SQQQ have the same expense ratio: 0.95% per year.
SQQQ has the higher dividend yield at 9.34%, compared with 0.07% for ROM.
ROM tracks S&P Technology Select Sector Index (200%), while SQQQ tracks NASDAQ-100 Index (-300%).
ROM currently has the higher Sharpe Ratio (1.27 vs -0.91), 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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