ROM vs. TQQQ
Compare and contrast key facts about ProShares Ultra Technology (ROM) and ProShares UltraPro QQQ (TQQQ).
ROM and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both ROM and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ROM or TQQQ.
Performance
ROM vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, ROM achieves a 28.25% return, which is significantly lower than TQQQ's 48.06% return. Over the past 10 years, ROM has underperformed TQQQ with an annualized return of 30.69%, while TQQQ has yielded a comparatively higher 34.14% annualized return.
ROM
28.25%
-1.56%
10.13%
40.89%
30.37%
30.69%
TQQQ
48.06%
1.57%
18.83%
74.81%
32.55%
34.14%
Key characteristics
| ROM | TQQQ | |
|---|---|---|
| Sharpe Ratio | 0.97 | 1.45 |
| Sortino Ratio | 1.45 | 1.92 |
| Omega Ratio | 1.19 | 1.26 |
| Calmar Ratio | 1.31 | 1.47 |
| Martin Ratio | 3.97 | 6.04 |
| Ulcer Index | 10.65% | 12.43% |
| Daily Std Dev | 43.64% | 51.88% |
| Max Drawdown | -83.36% | -81.66% |
| Current Drawdown | -11.84% | -13.36% |
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ROM vs. TQQQ - Expense Ratio Comparison
Both ROM and TQQQ have an expense ratio of 0.95%.
Correlation
The correlation between ROM and TQQQ is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
ROM vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and ProShares UltraPro QQQ (TQQQ). 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.
Dividends
ROM vs. TQQQ - Dividend Comparison
ROM's dividend yield for the trailing twelve months is around 0.17%, less than TQQQ's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROM ProShares Ultra Technology | 0.17% | 0.01% | 0.00% | 0.00% | 0.05% | 0.16% | 0.30% | 0.08% | 0.20% | 0.12% | 0.24% | 0.03% |
TQQQ ProShares UltraPro QQQ | 1.28% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
ROM vs. TQQQ - Drawdown Comparison
The maximum ROM drawdown since its inception was -83.36%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ROM and TQQQ. For additional features, visit the drawdowns tool.
Volatility
ROM vs. TQQQ - Volatility Comparison
The current volatility for ProShares Ultra Technology (ROM) is 12.52%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.89%. This indicates that ROM experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.