TECS vs. ROM
TECS (Direxion Daily Technology Bear 3X Shares) and ROM (ProShares Ultra Technology) are both Leveraged Equities funds - TECS tracks the Technology Select Sector Index (-300%) while ROM tracks the Dow Jones U.S. Technology Index (200%). Both are passively managed. Over the past 10 years, TECS returned -62.51%/yr vs 42.70%/yr for ROM. At a correlation of -0.98, they often move in opposite directions. TECS charges 1.08%/yr vs 0.95%/yr for ROM.
Performance
TECS vs. ROM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TECS achieves a -64.31% return, which is significantly lower than ROM's 77.72% return. Over the past 10 years, TECS has underperformed ROM with an annualized return of -62.51%, while ROM has yielded a comparatively higher 42.70% annualized return.
TECS
- 1D
- 2.85%
- 1M
- -45.32%
- YTD
- -64.31%
- 6M
- -63.84%
- 1Y
- -80.92%
- 3Y*
- -64.76%
- 5Y*
- -59.06%
- 10Y*
- -62.51%
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%
TECS vs. ROM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -64.31% | -62.44% | -49.76% | -74.45% | 45.05% | -67.92% | -87.79% | -73.77% | -19.14% | -60.81% |
ROM ProShares Ultra Technology | 77.72% | 35.63% | 31.65% | 130.70% | -63.86% | 77.75% | 80.42% | 102.10% | -9.89% | 81.11% |
Correlation
The correlation between TECS and ROM is -1.00, 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 | -1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2008 | -0.98 |
The correlation between TECS and ROM has been stable across timeframes, ranging from -1.00 to -0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TECS vs. ROM — Risk / Return Rank
TECS
ROM
TECS vs. ROM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) 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.
| TECS | ROM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.97 | ||
| Sortino ratioReturn per unit of downside risk | -6.77 | ||
| Omega ratioGain probability vs. loss probability | 0.68 | 1.48 | -0.80 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 4.73 | -5.73 |
| Martin ratioReturn relative to average drawdown | -1.81 | 14.47 | -16.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TECS | ROM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.30 | 3.66 | -4.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.80 | 0.62 | -1.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.87 | 0.86 | -1.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.89 | 0.54 | -1.43 |
Drawdowns
TECS vs. ROM - Drawdown Comparison
The maximum TECS drawdown since its inception was -100.00%, which is greater than ROM's maximum drawdown of -83.36%. Use the drawdown chart below to compare losses from any high point for TECS and ROM.
Loading charts...
Drawdown Indicators
| TECS | ROM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -83.36% | -16.64% |
Max Drawdown (1Y)Largest decline over 1 year | -81.50% | -32.33% | -49.17% |
Max Drawdown (3Y)Largest decline over 3 years | -96.22% | -48.10% | -48.12% |
Max Drawdown (5Y)Largest decline over 5 years | -98.88% | -67.55% | -31.33% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -67.55% | -32.45% |
Current DrawdownCurrent decline from peak | -100.00% | -2.01% | -97.99% |
Average DrawdownAverage peak-to-trough decline | -96.76% | -20.88% | -75.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.66% | 10.55% | +34.11% |
Volatility
TECS vs. ROM - Volatility Comparison
Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 21.44% compared to ProShares Ultra Technology (ROM) at 14.00%. This indicates that TECS's price experiences larger fluctuations and is considered to be riskier than ROM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TECS | ROM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.44% | 14.00% | +7.44% |
Volatility (6M)Calculated over the trailing 6-month period | 50.52% | 33.37% | +17.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.27% | 41.83% | +20.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.25% | 51.63% | +22.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.17% | 49.82% | +22.35% |
TECS vs. ROM - Expense Ratio Comparison
TECS has a 1.08% expense ratio, which is higher than ROM's 0.95% expense ratio.
Dividends
TECS vs. ROM - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 10.91%, more than ROM's 0.14% 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% |
TECS Direxion Daily Technology Bear 3X Shares | 10.91% | 5.83% | 5.24% | 7.52% | 0.00% | 0.00% | 1.50% | 2.40% | 0.72% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TECS and ROM have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECS has higher volatility (21.44%) compared to ROM (14.00%). In terms of maximum drawdown, TECS dropped -100.00% vs ROM's -83.36%.
On 10-year performance, ROM leads with 42.70% vs -62.51% for TECS. On fees, ROM is cheaper at 0.95% per year. On volatility, ROM has been the lower-risk option at 14.00%. 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 -62.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROM is cheaper with a 0.95% expense ratio, compared with 1.08% for TECS.
TECS has the higher dividend yield at 10.91%, compared with 0.14% for ROM.
TECS tracks Technology Select Sector Index (-300%), while ROM tracks Dow Jones U.S. Technology Index (200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.08% for TECS and 0.95% for ROM.
ROM currently has the higher Sharpe Ratio (3.66 vs -1.30), 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.
Find the right allocation for TECS and ROM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer