ROM vs. UVXY
ROM (ProShares Ultra Technology) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - ROM is a Leveraged Equities fund tracking the Dow Jones U.S. Technology Index (200%), while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 10 years, ROM returned 42.70%/yr vs -72.67%/yr for UVXY. At a correlation of -0.67, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
ROM vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, ROM achieves a 77.72% return, which is significantly higher than UVXY's -19.06% return. Over the past 10 years, ROM has outperformed UVXY with an annualized return of 42.70%, while UVXY has yielded a comparatively lower -72.67% annualized return.
ROM
- 1D
- -2.01%
- 1M
- 45.36%
- YTD
- 77.72%
- 6M
- 74.45%
- 1Y
- 152.07%
- 3Y*
- 59.24%
- 5Y*
- 31.70%
- 10Y*
- 42.70%
UVXY
- 1D
- -0.24%
- 1M
- -22.10%
- YTD
- -19.06%
- 6M
- -37.37%
- 1Y
- -72.91%
- 3Y*
- -64.55%
- 5Y*
- -67.90%
- 10Y*
- -72.67%
ROM vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ROM ProShares Ultra Technology | 77.72% | 35.63% | 31.65% | 130.70% | -63.86% | 77.75% | 80.42% | 102.10% | -9.89% | 81.11% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -19.06% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -94.17% |
Correlation
The correlation between ROM and UVXY is -0.58, 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 | -0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2011 | -0.67 |
The correlation between ROM and UVXY has been stable across timeframes, ranging from -0.67 to -0.58 - a consistent structural relationship.
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Return for Risk
ROM vs. UVXY — Risk / Return Rank
ROM
UVXY
ROM vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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.
| ROM | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.53 | ||
| Sortino ratioReturn per unit of downside risk | +5.29 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.82 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 4.73 | -0.97 | +5.70 |
| Martin ratioReturn relative to average drawdown | 14.47 | -1.31 | +15.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ROM | UVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.66 | -0.87 | +4.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | -0.66 | +1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | -0.64 | +1.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | -0.68 | +1.21 |
Drawdowns
ROM vs. UVXY - Drawdown Comparison
The maximum ROM drawdown since its inception was -83.36%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ROM and UVXY.
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Drawdown Indicators
| ROM | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.36% | -100.00% | +16.64% |
Max Drawdown (1Y)Largest decline over 1 year | -32.33% | -75.22% | +42.89% |
Max Drawdown (3Y)Largest decline over 3 years | -48.10% | -95.45% | +47.35% |
Max Drawdown (5Y)Largest decline over 5 years | -67.55% | -99.68% | +32.13% |
Max Drawdown (10Y)Largest decline over 10 years | -67.55% | -100.00% | +32.45% |
Current DrawdownCurrent decline from peak | -2.01% | -100.00% | +97.99% |
Average DrawdownAverage peak-to-trough decline | -20.88% | -98.55% | +77.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.55% | 55.63% | -45.08% |
Volatility
ROM vs. UVXY - Volatility Comparison
ProShares Ultra Technology (ROM) has a higher volatility of 14.00% compared to ProShares Ultra VIX Short-Term Futures ETF (UVXY) at 11.77%. This indicates that ROM's price experiences larger fluctuations and is considered to be riskier than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROM | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.00% | 11.77% | +2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 33.37% | 62.64% | -29.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.83% | 84.42% | -42.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.63% | 103.85% | -52.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.82% | 113.82% | -64.00% |
ROM vs. UVXY - Expense Ratio Comparison
Both ROM and UVXY have an expense ratio of 0.95%.
Dividends
ROM vs. UVXY - Dividend Comparison
ROM's dividend yield for the trailing twelve months is around 0.14%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ROM and UVXY have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROM has higher volatility (14.00%) compared to UVXY (11.77%). In terms of maximum drawdown, ROM dropped -83.36% vs UVXY's -100.00%.
On 10-year performance, ROM leads with 42.70% vs -72.67% for UVXY. Both ETFs have the same 0.95% expense ratio. On volatility, UVXY has been the lower-risk option at 11.77%. 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 42.70% return vs -72.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROM and UVXY have the same expense ratio: 0.95% per year.
ROM has the higher dividend yield at 0.14%, compared with 0.00% for UVXY.
ROM is categorized as Leveraged Equities, while UVXY is Volatility. ROM tracks Dow Jones U.S. Technology Index (200%), while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%).
ROM currently has the higher Sharpe Ratio (3.66 vs -0.87), 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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