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ROM vs. TECL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ROM vs. TECL

Last updated Jun 23, 2026

ROM (ProShares Ultra Technology) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds - ROM tracks the S&P Technology Select Sector Index (200%) while TECL tracks the Technology Select Sector Index (300%). Both are passively managed. Over the past 10 years, ROM returned 43.20%/yr vs 54.55%/yr for TECL. With a 0.98 correlation, they move nearly in lockstep. ROM charges 0.95%/yr vs 0.91%/yr for TECL.

Performance

ROM vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Technology (ROM) and Direxion Daily Technology Bull 3X Shares (TECL). 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 68.28% return, which is significantly lower than TECL's 104.37% return. Over the past 10 years, ROM has underperformed TECL with an annualized return of 43.20%, while TECL has yielded a comparatively higher 54.55% annualized return.

ROM

1D
1.04%
1M
11.73%
YTD
68.28%
6M
64.98%
1Y
131.63%
3Y*
55.44%
5Y*
28.14%
10Y*
43.20%

TECL

1D
1.43%
1M
15.41%
YTD
104.37%
6M
98.56%
1Y
218.70%
3Y*
73.29%
5Y*
37.90%
10Y*
54.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ROM vs. TECL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ROM
ProShares Ultra Technology		68.28%35.63%31.65%130.70%-63.86%77.75%80.42%102.10%-9.89%81.11%
TECL
Direxion Daily Technology Bull 3X Shares		104.37%38.60%36.15%203.14%-74.32%112.80%69.46%185.58%-24.03%124.82%

Correlation

The correlation between ROM and TECL is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

0.99

Correlation (10Y)
Calculated over the trailing 10-year period

0.98

Correlation (All Time)
Calculated using the full available price history since Dec 30, 2008

0.98

The correlation between ROM and TECL has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.

ROM vs. TECL - Sectors Allocation Comparison

Sectors
ROM
TECL

Technology

56.6%
22.4%

Financial Services

3.2%

-

Energy

0.1%
0.0%

Industrials

0.0%
0.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Technology

ROM
56.6%
TECL
22.4%

Financial Services

ROM
3.2%
TECL

-

Energy

ROM
0.1%
TECL
0.0%

Industrials

ROM
0.0%
TECL
0.0%

Basic Materials

ROM

-

TECL

-

Communication Services

ROM

-

TECL

-

Consumer Cyclical

ROM

-

TECL

-

Consumer Defensive

ROM

-

TECL

-

Healthcare

ROM

-

TECL

-

Real Estate

ROM

-

TECL

-

Utilities

ROM

-

TECL

-

Compare stocks, funds, or ETFs

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ProShares Ultra Technology

Direxion Daily Technology Bull 3X Shares

Often compared with ROM:
ROM vs. QLDROM vs. TQQQROM vs. UPROROM vs. USAROM vs. WEBLROM vs. SOXXROM vs. FTEC
Often compared with TECL:
TECL vs. TQQQTECL vs. SOXLTECL vs. TECSTECL vs. QQQTECL vs. FNGUTECL vs. BULZTECL vs. VGT

Return for Risk

ROM vs. TECL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ROM
ROM Risk / Return Rank: 7676
Overall Rank
ROM Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
ROM Sortino Ratio Rank: 6969
Sortino Ratio Rank
ROM Omega Ratio Rank: 7272
Omega Ratio Rank
ROM Calmar Ratio Rank: 8181
Calmar Ratio Rank
ROM Martin Ratio Rank: 6868
Martin Ratio Rank
TECL
TECL Risk / Return Rank: 7878
Overall Rank
TECL Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
TECL Sortino Ratio Rank: 6868
Sortino Ratio Rank
TECL Omega Ratio Rank: 7171
Omega Ratio Rank
TECL Calmar Ratio Rank: 8787
Calmar Ratio Rank
TECL Martin Ratio Rank: 7272
Martin Ratio Rank
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. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and Direxion Daily Technology Bull 3X Shares (TECL). 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.

ROMTECLDifference
Sharpe ratioReturn per unit of total volatility
2.86
3.20

-0.34

Sortino ratioReturn per unit of downside risk
3.00
2.98

+0.02

Omega ratioGain probability vs. loss probability

1.41

1.40

0.00

Calmar ratioReturn relative to maximum drawdown

4.10

4.73

-0.63

Martin ratioReturn relative to average drawdown

12.05

13.09

-1.04

ROM vs. TECL - Sharpe Ratio Comparison

The current ROM Sharpe Ratio is 2.86, which is comparable to the TECL Sharpe Ratio of 3.20. The chart below compares the historical Sharpe Ratios of ROM and TECL, 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. TECL - Drawdown Comparison

The maximum ROM drawdown since its inception was -83.36%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for ROM and TECL.

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Drawdown Indicators

ROMTECLDifference

Max Drawdown

Largest peak-to-trough decline

-83.36%

-77.96%

-5.40%

Max Drawdown (1Y)

Largest decline over 1 year

-32.33%

-46.58%

+14.25%

Max Drawdown (3Y)

Largest decline over 3 years

-48.10%

-66.58%

+18.48%

Max Drawdown (5Y)

Largest decline over 5 years

-67.55%

-77.96%

+10.41%

Max Drawdown (10Y)

Largest decline over 10 years

-67.55%

-77.96%

+10.41%

Current Drawdown

Current decline from peak

-7.22%

-12.23%

+5.01%

Average Drawdown

Average peak-to-trough decline

-20.85%

-18.38%

-2.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.97%

16.79%

-5.82%

Volatility

ROM vs. TECL - Volatility Comparison

The current volatility for ProShares Ultra Technology (ROM) is 23.70%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 35.62%. This indicates that ROM experiences smaller price fluctuations and is considered to be less risky than TECL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ROMTECLDifference

Volatility (1M)

Calculated over the trailing 1-month period

23.70%

35.62%

-11.92%

Volatility (6M)

Calculated over the trailing 6-month period

38.65%

57.86%

-19.21%

Volatility (1Y)

Calculated over the trailing 1-year period

46.41%

68.99%

-22.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

52.40%

75.28%

-22.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

50.24%

73.00%

-22.76%

ROM vs. TECL - Expense Ratio Comparison

ROM has a 0.95% expense ratio, which is higher than TECL's 0.91% expense ratio.

Dividends

ROM vs. TECL - Dividend Comparison

ROM's dividend yield for the trailing twelve months is around 0.14%, less than TECL's 3.48% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
TECL
Direxion Daily Technology Bull 3X Shares		3.48%7.19%0.29%0.28%0.22%0.32%0.52%0.25%0.47%0.10%0.00%0.00%

Frequently Asked Questions

With a correlation of 1.00, ROM and TECL 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.

TECL has higher volatility (35.62%) compared to ROM (23.70%). In terms of maximum drawdown, ROM dropped -83.36% vs TECL's -77.96%.

On 10-year performance, TECL leads with 54.55% vs 43.20% for ROM. On fees, TECL is cheaper at 0.91% per year. On volatility, ROM has been the lower-risk option at 23.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, TECL has performed better with a 54.55% return vs 43.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

TECL is cheaper with a 0.91% expense ratio, compared with 0.95% for ROM.

TECL has the higher dividend yield at 3.48%, compared with 0.14% for ROM.

ROM tracks S&P Technology Select Sector Index (200%), while TECL tracks Technology Select Sector Index (300%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for ROM and 0.91% for TECL.

TECL currently has the higher Sharpe Ratio (3.20 vs 2.86), 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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