ROM vs. TECL

Last updated Aug 2, 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 37.52%/yr vs 45.88%/yr for TECL. Their 0.98 correlation means they have historically moved very closely together. 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.

Returns By Period

In the year-to-date period, ROM achieves a 37.33% return, which is significantly lower than TECL's 48.00% return. Over the past 10 years, ROM has underperformed TECL with an annualized return of 37.52%, while TECL has yielded a comparatively higher 45.88% annualized 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%

TECL

• 1D: -0.52%
• 1M: -11.12%
• 6M: 50.64%
• YTD: 48.00%
• 1Y: 91.25%
• 3Y*: 47.81%
• 5Y*: 24.87%
• 10Y*: 45.88%
• ALL TIME*: 46.64%

*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
TECL Direxion Daily Technology Bull 3X Shares	$140.43M	$155.29M	$226.00M

ROM vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ROM ProShares Ultra Technology	37.33%	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	48.00%	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 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (3Y) Balances recent behavior with more history.	1.00
Correlation (5Y) Shows whether the relationship held over a longer period.	0.99
Correlation (10Y) Provides a long-term view across more market conditions.	0.99
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	62.0%	99.2%
Financial Services	3.5%	-
Communication Services	0.8%	0.8%
Energy	0.1%	0.0%
Industrials	0.0%	0.0%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ROM vs. TECL — 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

TECL

TECL Risk / Return Rank: 44
TECL Sharpe Ratio Rank: 42
TECL Sortino Ratio Rank: 46
TECL Omega Ratio Rank: 45
TECL Calmar Ratio Rank: 48
TECL Martin Ratio Rank: 39

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. 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.

	ROM	TECL	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.05	+0.12
Sortino ratio: Return per unit of downside risk	1.68	1.66	+0.02
Omega ratio: Gain probability vs. loss probability	1.21	1.21	0.00
Calmar ratio: Return relative to maximum drawdown	1.84	1.71	+0.13
Martin ratio: Return relative to average drawdown	4.64	4.07	+0.57

ROM vs. TECL - Sharpe Ratio Comparison

The current ROM Sharpe Ratio is 1.16, which is comparable to the TECL Sharpe Ratio of 1.05. 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.

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.

Drawdown Indicators

	ROM	TECL	Difference
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	-24.28%	-36.44%	+12.16%
Average Drawdown Average peak-to-trough decline	-20.84%	-18.45%	-2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.79%	19.52%	-6.73%

Volatility

ROM vs. TECL - Volatility Comparison

The current volatility for ProShares Ultra Technology (ROM) is 18.85%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 28.17%. 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.

Volatility by Period

	ROM	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.85%	28.17%	-9.32%
Volatility (6M) Calculated over the trailing 6-month period	43.73%	65.35%	-21.62%
Volatility (1Y) Calculated over the trailing 1-year period	51.28%	76.26%	-24.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.25%	76.62%	-23.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.57%	73.57%	-23.00%

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 0.07%, less than TECL's 4.81% 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%
TECL Direxion Daily Technology Bull 3X Shares	4.81%	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

Can I hold both ROM and TECL in my portfolio?

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.

Which is riskier, ROM or TECL?

TECL has higher volatility (28.17%) compared to ROM (18.85%). In terms of maximum drawdown, ROM dropped -83.36% vs TECL's -77.96%.

Which ETF is better, ROM or TECL?

On 10-year performance, TECL leads with 45.88% vs 37.52% for ROM. On fees, TECL is cheaper at 0.91% per year. On volatility, ROM has been the lower-risk option at 18.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROM or TECL?

Over the 10-year period, TECL has performed better with a 45.88% return vs 37.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROM or TECL?

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

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

TECL has the higher dividend yield at 4.81%, compared with 0.07% for ROM.

What is the main difference between ROM and TECL?

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.

Which has better risk-adjusted returns?

ROM currently has the higher Sharpe Ratio (1.16 vs 1.05), 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.