ROM vs. UPRO
Compare and contrast key facts about ProShares Ultra Technology (ROM) and ProShares UltraPro S&P 500 (UPRO).
ROM and UPRO 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. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. Both ROM and UPRO 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 UPRO.
Key characteristics
| ROM | UPRO | |
|---|---|---|
| YTD Return | 30.28% | 64.45% |
| 1Y Return | 65.61% | 108.12% |
| 3Y Return (Ann) | 8.59% | 12.89% |
| 5Y Return (Ann) | 34.92% | 27.10% |
| 10Y Return (Ann) | 33.49% | 27.11% |
| Sharpe Ratio | 1.48 | 2.90 |
| Sortino Ratio | 1.96 | 3.23 |
| Omega Ratio | 1.26 | 1.43 |
| Calmar Ratio | 1.46 | 2.03 |
| Martin Ratio | 6.21 | 16.76 |
| Ulcer Index | 10.32% | 6.44% |
| Daily Std Dev | 43.38% | 37.18% |
| Max Drawdown | -83.36% | -76.82% |
| Current Drawdown | -10.44% | -1.13% |
Correlation
The correlation between ROM and UPRO is 0.87, 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.
Performance
ROM vs. UPRO - Performance Comparison
In the year-to-date period, ROM achieves a 30.28% return, which is significantly lower than UPRO's 64.45% return. Over the past 10 years, ROM has outperformed UPRO with an annualized return of 33.49%, while UPRO has yielded a comparatively lower 27.11% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ROM vs. UPRO - Expense Ratio Comparison
ROM has a 0.95% expense ratio, which is higher than UPRO's 0.92% expense ratio.
Risk-Adjusted Performance
ROM vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and ProShares UltraPro S&P 500 (UPRO). 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. UPRO - Dividend Comparison
ROM's dividend yield for the trailing twelve months is around 0.17%, less than UPRO's 0.77% 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% |
UPRO ProShares UltraPro S&P 500 | 0.77% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
ROM vs. UPRO - Drawdown Comparison
The maximum ROM drawdown since its inception was -83.36%, which is greater than UPRO's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for ROM and UPRO. For additional features, visit the drawdowns tool.
Volatility
ROM vs. UPRO - Volatility Comparison
ProShares Ultra Technology (ROM) has a higher volatility of 11.56% compared to ProShares UltraPro S&P 500 (UPRO) at 8.96%. This indicates that ROM's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.