ROMO vs. QTR
ROMO (Strategy Shares Newfound/ReSolve Robust Momentum ETF) and QTR (Global X NASDAQ 100 Tail Risk ETF) are both exchange-traded funds - ROMO is a Momentum fund tracking the Newfound/ReSolve Robust Equity Momentum Index, while QTR is a Nasdaq-100 fund tracking the NASDAQ-100 Quarterly Protective Put 90 Index. Both are passively managed. Over the past 3 years, ROMO returned 14.40%/yr vs 21.67%/yr for QTR. A 0.70 correlation means they provide meaningful diversification when combined. ROMO charges 0.82%/yr vs 0.60%/yr for QTR.
Performance
ROMO vs. QTR - Performance Comparison
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Returns By Period
In the year-to-date period, ROMO achieves a 6.18% return, which is significantly lower than QTR's 16.64% return.
ROMO
- 1D
- -0.27%
- 1M
- 0.64%
- YTD
- 6.18%
- 6M
- 6.21%
- 1Y
- 18.57%
- 3Y*
- 14.40%
- 5Y*
- 6.88%
- 10Y*
- —
QTR
- 1D
- -0.28%
- 1M
- 2.78%
- YTD
- 16.64%
- 6M
- 15.67%
- 1Y
- 32.82%
- 3Y*
- 21.67%
- 5Y*
- —
- 10Y*
- —
ROMO vs. QTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF | 6.18% | 9.29% | 20.68% | 11.05% | -18.88% | 5.24% |
QTR Global X NASDAQ 100 Tail Risk ETF | 16.64% | 14.52% | 21.46% | 45.53% | -29.94% | 4.16% |
Correlation
The correlation between ROMO and QTR is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | 0.70 |
The correlation between ROMO and QTR shifts across timeframes, from 0.70 (all time) to 0.82 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ROMO vs. QTR — Risk / Return Rank
ROMO
QTR
ROMO vs. QTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) and Global X NASDAQ 100 Tail Risk ETF (QTR). 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.
| ROMO | QTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.68 | -1.01 |
| Martin ratioReturn relative to average drawdown | 5.95 | 9.00 | -3.05 |
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Drawdowns
ROMO vs. QTR - Drawdown Comparison
The maximum ROMO drawdown since its inception was -28.66%, smaller than the maximum QTR drawdown of -31.72%. Use the drawdown chart below to compare losses from any high point for ROMO and QTR.
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Drawdown Indicators
| ROMO | QTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.66% | -31.72% | +3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -12.29% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -18.99% | +4.90% |
Max Drawdown (5Y)Largest decline over 5 years | -20.26% | — | — |
Current DrawdownCurrent decline from peak | -1.76% | -1.09% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -8.78% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 3.66% | -0.53% |
Volatility
ROMO vs. QTR - Volatility Comparison
The current volatility for Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) is 4.34%, while Global X NASDAQ 100 Tail Risk ETF (QTR) has a volatility of 7.99%. This indicates that ROMO experiences smaller price fluctuations and is considered to be less risky than QTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROMO | QTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 7.99% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 11.71% | 12.70% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 15.82% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.14% | 18.32% | -6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.48% | 18.32% | -3.84% |
ROMO vs. QTR - Expense Ratio Comparison
ROMO has a 0.82% expense ratio, which is higher than QTR's 0.60% expense ratio.
Dividends
ROMO vs. QTR - Dividend Comparison
ROMO's dividend yield for the trailing twelve months is around 8.36%, less than QTR's 16.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
QTR Global X NASDAQ 100 Tail Risk ETF | 16.09% | 18.77% | 0.50% | 0.53% | 0.36% | 1.90% | 0.00% | 0.00% |
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF | 8.36% | 8.87% | 0.76% | 2.42% | 0.77% | 0.56% | 0.97% | 0.58% |
Frequently Asked Questions
ROMO and QTR have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTR has higher volatility (7.99%) compared to ROMO (4.34%). In terms of maximum drawdown, ROMO dropped -28.66% vs QTR's -31.72%.
On 3-year performance, QTR leads with 21.67% vs 14.40% for ROMO. On fees, QTR is cheaper at 0.60% per year. On volatility, ROMO has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QTR has performed better with a 21.67% return vs 14.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTR is cheaper with a 0.60% expense ratio, compared with 0.82% for ROMO.
QTR has the higher dividend yield at 16.09%, compared with 8.36% for ROMO.
ROMO is categorized as Momentum, while QTR is Nasdaq-100. ROMO tracks Newfound/ReSolve Robust Equity Momentum Index, while QTR tracks NASDAQ-100 Quarterly Protective Put 90 Index. They also come from different issuers: Rational Capital LLC and Global X. Their fees differ too: 0.82% for ROMO and 0.60% for QTR.
QTR currently has the higher Sharpe Ratio (2.09 vs 1.33), 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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