SKWD vs. ROM

Last updated Jun 25, 2026

SKWD (Skyward Specialty Insurance Group Inc. Common Stock) is a stock, while ROM (ProShares Ultra Technology) is Leveraged Equities fund tracking the S&P Technology Select Sector Index (200%). Over the past 3 years, SKWD returned 29.13%/yr vs 50.35%/yr for ROM. At a 0.11 correlation, their price movements are largely independent.

Performance

SKWD vs. ROM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Skyward Specialty Insurance Group Inc. Common Stock (SKWD) and ProShares Ultra Technology (ROM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKWD achieves a 6.42% return, which is significantly lower than ROM's 52.28% return.

SKWD

• 1D: 2.86%
• 1M: 14.63%
• YTD: 6.42%
• 6M: 5.16%
• 1Y: -7.48%
• 3Y*: 29.13%
• 5Y*: —
• 10Y*: —

ROM

• 1D: -1.43%
• 1M: 1.11%
• YTD: 52.28%
• 6M: 47.00%
• 1Y: 97.67%
• 3Y*: 50.35%
• 5Y*: 25.38%
• 10Y*: 41.78%

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

SKWD vs. ROM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SKWD Skyward Specialty Insurance Group Inc. Common Stock	6.42%	1.13%	49.17%	79.26%
ROM ProShares Ultra Technology	52.28%	35.63%	31.65%	113.45%

Correlation

The correlation between SKWD and ROM is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jan 13, 2023	0.11

The correlation between SKWD and ROM shifts across timeframes, from -0.03 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SKWD vs. ROM — Risk / Return Rank

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

SKWD

SKWD Risk / Return Rank: 33
SKWD Sharpe Ratio Rank: 34
SKWD Sortino Ratio Rank: 31
SKWD Omega Ratio Rank: 31
SKWD Calmar Ratio Rank: 35
SKWD Martin Ratio Rank: 36

ROM

ROM Risk / Return Rank: 63
ROM Sharpe Ratio Rank: 73
ROM Sortino Ratio Rank: 57
ROM Omega Ratio Rank: 59
ROM Calmar Ratio Rank: 68
ROM Martin Ratio Rank: 56

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.

SKWD vs. ROM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Skyward Specialty Insurance Group Inc. Common Stock (SKWD) and ProShares Ultra Technology (ROM). 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.

	SKWD	ROM	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	2.09	-2.31
Sortino ratio: Return per unit of downside risk	-0.07	2.43	-2.50
Omega ratio: Gain probability vs. loss probability	0.99	1.33	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.26	3.04	-3.30
Martin ratio: Return relative to average drawdown	-0.41	8.86	-9.28

SKWD vs. ROM - Sharpe Ratio Comparison

The current SKWD Sharpe Ratio is -0.22, which is lower than the ROM Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of SKWD and ROM, 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

SKWD vs. ROM - Drawdown Comparison

The maximum SKWD drawdown since its inception was -36.52%, smaller than the maximum ROM drawdown of -83.36%. Use the drawdown chart below to compare losses from any high point for SKWD and ROM.

Drawdown Indicators

	SKWD	ROM	Difference
Max Drawdown Largest peak-to-trough decline	-36.52%	-83.36%	+46.84%
Max Drawdown (1Y) Largest decline over 1 year	-28.60%	-32.33%	+3.73%
Max Drawdown (3Y) Largest decline over 3 years	-36.52%	-48.10%	+11.58%
Max Drawdown (5Y) Largest decline over 5 years	—	-67.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-67.55%	—
Current Drawdown Current decline from peak	-16.32%	-16.04%	-0.28%
Average Drawdown Average peak-to-trough decline	-11.09%	-20.85%	+9.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.57%	11.06%	+8.51%

Volatility

SKWD vs. ROM - Volatility Comparison

The current volatility for Skyward Specialty Insurance Group Inc. Common Stock (SKWD) is 11.25%, while ProShares Ultra Technology (ROM) has a volatility of 25.39%. This indicates that SKWD experiences smaller price fluctuations and is considered to be less risky than ROM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKWD	ROM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.25%	25.39%	-14.14%
Volatility (6M) Calculated over the trailing 6-month period	25.01%	39.45%	-14.44%
Volatility (1Y) Calculated over the trailing 1-year period	34.52%	47.09%	-12.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.02%	52.53%	-18.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.02%	50.22%	-16.20%

Dividends

SKWD vs. ROM - Dividend Comparison

SKWD has not paid dividends to shareholders, while ROM's dividend yield for the trailing twelve months is around 0.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ROM ProShares Ultra Technology	0.16%	0.24%	0.21%	0.01%	0.00%	0.00%	0.05%	0.16%	0.30%	0.08%	0.20%	0.12%
SKWD Skyward Specialty Insurance Group Inc. Common Stock	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

Can I hold both SKWD and ROM in my portfolio?

SKWD and ROM have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SKWD or ROM?

ROM has higher volatility (25.39%) compared to SKWD (11.25%). In terms of maximum drawdown, SKWD dropped -36.52% vs ROM's -83.36%.

Which has better risk-adjusted returns?

ROM currently has the higher Sharpe Ratio (2.09 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.