ROM vs. WEBL

Last updated Jun 23, 2026

ROM (ProShares Ultra Technology) and WEBL (Daily Dow Jones Internet Bull 3X Shares) are both Leveraged Equities funds - ROM tracks the S&P Technology Select Sector Index (200%) while WEBL tracks the Dow Jones Internet Composite Index (300%). Both are passively managed. Over the past 5 years, ROM returned 28.14%/yr vs -23.34%/yr for WEBL. Their correlation of 0.84 suggests significant overlap in exposure. ROM charges 0.95%/yr vs 1.17%/yr for WEBL.

Performance

ROM vs. WEBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Technology (ROM) and Daily Dow Jones Internet Bull 3X Shares (WEBL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROM achieves a 68.28% return, which is significantly higher than WEBL's -19.84% 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%

WEBL

• 1D: -6.56%
• 1M: -16.40%
• YTD: -19.84%
• 6M: -21.98%
• 1Y: -13.17%
• 3Y*: 26.91%
• 5Y*: -23.34%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ROM vs. WEBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ROM ProShares Ultra Technology	68.28%	35.63%	31.65%	130.70%	-63.86%	77.75%	80.42%	15.59%
WEBL Daily Dow Jones Internet Bull 3X Shares	-19.84%	2.37%	76.78%	165.50%	-91.04%	2.73%	132.56%	10.36%

Correlation

The correlation between ROM and WEBL is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.84

The correlation between ROM and WEBL shifts across timeframes, from 0.67 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

ROM vs. WEBL - Sectors Allocation Comparison

Sectors	ROM	WEBL
Technology	56.6%	43.1%
Financial Services	3.2%	2.0%
Energy	0.1%	-
Industrials	0.0%	1.3%
Basic Materials	-	-
Communication Services	-	27.0%
Consumer Cyclical	-	25.5%
Consumer Defensive	-	-
Healthcare	-	1.2%
Real Estate	-	-
Utilities	-	-

Return for Risk

ROM vs. WEBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ROM

ROM Risk / Return Rank: 76
ROM Sharpe Ratio Rank: 89
ROM Sortino Ratio Rank: 69
ROM Omega Ratio Rank: 72
ROM Calmar Ratio Rank: 81
ROM Martin Ratio Rank: 68

WEBL

WEBL Risk / Return Rank: 7
WEBL Sharpe Ratio Rank: 7
WEBL Sortino Ratio Rank: 8
WEBL Omega Ratio Rank: 8
WEBL Calmar Ratio Rank: 7
WEBL Martin Ratio Rank: 6

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. WEBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Technology (ROM) and Daily Dow Jones Internet Bull 3X Shares (WEBL). 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	WEBL	Difference
Sharpe ratio: Return per unit of total volatility	2.86	-0.22	+3.08
Sortino ratio: Return per unit of downside risk	3.00	0.08	+2.93
Omega ratio: Gain probability vs. loss probability	1.41	1.01	+0.40
Calmar ratio: Return relative to maximum drawdown	4.10	-0.23	+4.33
Martin ratio: Return relative to average drawdown	12.05	-0.49	+12.54

ROM vs. WEBL - Sharpe Ratio Comparison

The current ROM Sharpe Ratio is 2.86, which is higher than the WEBL Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of ROM and WEBL, 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. WEBL - Drawdown Comparison

The maximum ROM drawdown since its inception was -83.36%, smaller than the maximum WEBL drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for ROM and WEBL.

Drawdown Indicators

	ROM	WEBL	Difference
Max Drawdown Largest peak-to-trough decline	-83.36%	-94.44%	+11.08%
Max Drawdown (1Y) Largest decline over 1 year	-32.33%	-56.57%	+24.24%
Max Drawdown (3Y) Largest decline over 3 years	-48.10%	-60.82%	+12.72%
Max Drawdown (5Y) Largest decline over 5 years	-67.55%	-94.44%	+26.89%
Max Drawdown (10Y) Largest decline over 10 years	-67.55%	—	—
Current Drawdown Current decline from peak	-7.22%	-76.40%	+69.18%
Average Drawdown Average peak-to-trough decline	-20.85%	-58.95%	+38.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.97%	26.84%	-15.87%

Volatility

ROM vs. WEBL - Volatility Comparison

ProShares Ultra Technology (ROM) and Daily Dow Jones Internet Bull 3X Shares (WEBL) have volatilities of 23.70% and 22.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROM	WEBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.70%	22.93%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	38.65%	46.83%	-8.18%
Volatility (1Y) Calculated over the trailing 1-year period	46.41%	58.99%	-12.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.40%	81.00%	-28.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.24%	82.87%	-32.63%

ROM vs. WEBL - Expense Ratio Comparison

ROM has a 0.95% expense ratio, which is lower than WEBL's 1.17% expense ratio.

Dividends

ROM vs. WEBL - Dividend Comparison

ROM's dividend yield for the trailing twelve months is around 0.14%, less than WEBL's 0.25% yield.

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%
WEBL Daily Dow Jones Internet Bull 3X Shares	0.25%	0.25%	0.00%	0.00%	0.00%	4.79%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ROM and WEBL in my portfolio?

ROM and WEBL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROM or WEBL?

ROM has higher volatility (23.70%) compared to WEBL (22.93%). In terms of maximum drawdown, ROM dropped -83.36% vs WEBL's -94.44%.

Which ETF is better, ROM or WEBL?

On 5-year performance, ROM leads with 28.14% vs -23.34% for WEBL. On fees, ROM is cheaper at 0.95% per year. On volatility, WEBL has been the lower-risk option at 22.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROM or WEBL?

Over the 5-year period, ROM has performed better with a 28.14% return vs -23.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROM or WEBL?

ROM is cheaper with a 0.95% expense ratio, compared with 1.17% for WEBL.

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

WEBL has the higher dividend yield at 0.25%, compared with 0.14% for ROM.

What is the main difference between ROM and WEBL?

ROM tracks S&P Technology Select Sector Index (200%), while WEBL tracks Dow Jones Internet Composite Index (300%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for ROM and 1.17% for WEBL.

Which has better risk-adjusted returns?

ROM currently has the higher Sharpe Ratio (2.86 vs -0.22), 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.