ROM vs. WEBL

Last updated Aug 2, 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 20.19%/yr vs -21.03%/yr for WEBL. Their correlation of 0.82 means they have usually moved in the same direction. 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 37.33% return, which is significantly higher than WEBL's -7.63% 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%

WEBL

• 1D: 7.55%
• 1M: 7.05%
• 6M: 3.15%
• YTD: -7.63%
• 1Y: -9.93%
• 3Y*: 23.73%
• 5Y*: -21.03%
• 10Y*: —
• ALL TIME*: 0.71%

*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
WEBL Daily Dow Jones Internet Bull 3X Shares	$4.08M	$4.54M	$6.35M

ROM vs. WEBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ROM ProShares Ultra Technology	37.33%	35.63%	31.65%	130.70%	-63.86%	77.75%	80.42%	15.59%
WEBL Daily Dow Jones Internet Bull 3X Shares	-7.63%	2.37%	76.78%	165.50%	-91.04%	2.73%	132.56%	10.36%

Correlation

The correlation between ROM and WEBL is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.82

Over the past year, the correlation between ROM and WEBL has dropped to 0.61 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

ROM vs. WEBL - Sectors Allocation Comparison

Sectors	ROM	WEBL
Technology	62.0%	45.2%
Financial Services	3.5%	1.9%
Communication Services	0.8%	25.2%
Energy	0.1%	-
Industrials	0.0%	1.0%
Basic Materials	-	-
Consumer Cyclical	-	25.5%
Consumer Defensive	-	-
Healthcare	-	1.1%
Real Estate	-	-
Utilities	-	-

Return for Risk

ROM vs. WEBL — 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

WEBL

WEBL Risk / Return Rank: 7
WEBL Sharpe Ratio Rank: 7
WEBL Sortino Ratio Rank: 9
WEBL Omega Ratio Rank: 9
WEBL Calmar Ratio Rank: 7
WEBL Martin Ratio Rank: 7

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. 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	1.16	-0.31	+1.47
Sortino ratio: Return per unit of downside risk	1.68	-0.05	+1.73
Omega ratio: Gain probability vs. loss probability	1.21	0.99	+0.22
Calmar ratio: Return relative to maximum drawdown	1.84	-0.33	+2.17
Martin ratio: Return relative to average drawdown	4.64	-0.65	+5.29

ROM vs. WEBL - Sharpe Ratio Comparison

The current ROM Sharpe Ratio is 1.16, which is higher than the WEBL Sharpe Ratio of -0.31. 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	-24.28%	-72.81%	+48.53%
Average Drawdown Average peak-to-trough decline	-20.84%	-59.20%	+38.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.79%	28.94%	-16.15%

Volatility

ROM vs. WEBL - Volatility Comparison

ProShares Ultra Technology (ROM) has a higher volatility of 18.85% compared to Daily Dow Jones Internet Bull 3X Shares (WEBL) at 17.59%. This indicates that ROM's price experiences larger fluctuations and is considered to be riskier than WEBL based on this measure. 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	18.85%	17.59%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	43.73%	48.65%	-4.92%
Volatility (1Y) Calculated over the trailing 1-year period	51.28%	60.82%	-9.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.25%	81.16%	-27.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.57%	82.54%	-31.97%

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 0.07%, less than WEBL's 0.17% 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%
WEBL Daily Dow Jones Internet Bull 3X Shares	0.17%	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 0.61, 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 (18.85%) compared to WEBL (17.59%). 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 20.19% vs -21.03% for WEBL. On fees, ROM is cheaper at 0.95% per year. On volatility, WEBL has been the lower-risk option at 17.59%. 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 20.19% return vs -21.03%. 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 0.17%, compared with 0.07% 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 (1.16 vs -0.31), 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.