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UCYB vs. ROM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UCYB vs. ROM

Last updated Aug 2, 2026
Documentation

UCYB (ProShares Ultra Nasdaq Cybersecurity) and ROM (ProShares Ultra Technology) are both Leveraged Equities funds from ProShares - UCYB tracks the Nasdaq CTA Cybersecurity Index (200%) while ROM tracks the S&P Technology Select Sector Index (200%). Both are passively managed. Over the past 5 years, UCYB returned 13.38%/yr vs 20.19%/yr for ROM. Their 0.73 correlation means they have sometimes moved together and sometimes differently. UCYB charges 0.97%/yr vs 0.95%/yr for ROM.

Performance

UCYB vs. ROM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Nasdaq Cybersecurity (UCYB) and ProShares Ultra Technology (ROM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UCYB achieves a 52.30% return, which is significantly higher than ROM's 37.33% return.

UCYB

1D
4.15%
1M
1.65%
6M
64.59%
YTD
52.30%
1Y
46.16%
3Y*
37.45%
5Y*
13.38%
10Y*
—
ALL TIME*
14.12%

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

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ROM

ProShares Ultra Technology
$8.11M$7.91M$10.36M

UCYB

ProShares Ultra Nasdaq Cybersecurity
$420.30K$398.12K$355.85K

UCYB vs. ROM - Yearly Performance Comparison

2026 (YTD)20252024202320222021
UCYB
ProShares Ultra Nasdaq Cybersecurity		52.30%9.41%28.84%68.85%-55.15%27.53%
ROM
ProShares Ultra Technology		37.33%35.63%31.65%130.70%-63.86%68.82%

Correlation

The correlation between UCYB and ROM is 0.59, 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.

0.59

Correlation (3Y)
Balances recent behavior with more history.

0.67

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.73

Correlation (All Time)
Calculated using the full available price history since Jan 21, 2021

0.73

The correlation between UCYB and ROM shifts across timeframes, from 0.59 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

UCYB vs. ROM - Sectors Allocation Comparison

Sectors
UCYB
ROM

Technology

95.1%
62.0%

Industrials

4.8%
0.0%

Communication Services

0.1%
0.8%

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

0.1%

Financial Services

-

3.5%

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Technology

UCYB
95.1%
ROM
62.0%

Industrials

UCYB
4.8%
ROM
0.0%

Communication Services

UCYB
0.1%
ROM
0.8%

Basic Materials

UCYB

-

ROM

-

Consumer Cyclical

UCYB

-

ROM

-

Consumer Defensive

UCYB

-

ROM

-

Energy

UCYB

-

ROM
0.1%

Financial Services

UCYB

-

ROM
3.5%

Healthcare

UCYB

-

ROM

-

Real Estate

UCYB

-

ROM

-

Utilities

UCYB

-

ROM

-

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ProShares Ultra Nasdaq Cybersecurity

ProShares Ultra Technology

Often compared with UCYB:
UCYB vs. CIBRUCYB vs. AIBUUCYB vs. XAIX.DEUCYB vs. WCBRUCYB vs. FCLDUCYB vs. ^GSPCUCYB vs. FNGO
Often compared with ROM:
ROM vs. QLDROM vs. TECLROM vs. TQQQROM vs. UPROROM vs. USAROM vs. WEBLROM vs. SOXX

Return for Risk

UCYB vs. ROM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
UCYB
UCYB Risk / Return Rank: 3232
Overall Rank
UCYB Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
UCYB Sortino Ratio Rank: 3636
Sortino Ratio Rank
UCYB Omega Ratio Rank: 3535
Omega Ratio Rank
UCYB Calmar Ratio Rank: 3030
Calmar Ratio Rank
UCYB Martin Ratio Rank: 2626
Martin Ratio Rank
ROM
ROM Risk / Return Rank: 4747
Overall Rank
ROM Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
ROM Sortino Ratio Rank: 4747
Sortino Ratio Rank
ROM Omega Ratio Rank: 4646
Omega Ratio Rank
ROM Calmar Ratio Rank: 5252
Calmar Ratio Rank
ROM Martin Ratio Rank: 4242
Martin Ratio Rank
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.

UCYB vs. ROM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cybersecurity (UCYB) 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.

UCYBROMDifference
Sharpe ratioReturn per unit of total volatility
0.80
1.16

-0.36

Sortino ratioReturn per unit of downside risk
1.36
1.68

-0.32

Omega ratioGain probability vs. loss probability

1.17

1.21

-0.04

Calmar ratioReturn relative to maximum drawdown

0.97

1.84

-0.87

Martin ratioReturn relative to average drawdown

2.11

4.64

-2.53

UCYB vs. ROM - Sharpe Ratio Comparison

The current UCYB Sharpe Ratio is 0.80, which is lower than the ROM Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of UCYB 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.

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Drawdowns

UCYB vs. ROM - Drawdown Comparison

The maximum UCYB drawdown since its inception was -62.69%, smaller than the maximum ROM drawdown of -83.36%. Use the drawdown chart below to compare losses from any high point for UCYB and ROM.

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Drawdown Indicators

UCYBROMDifference

Max Drawdown

Largest peak-to-trough decline

-62.69%

-83.36%

+20.67%

Max Drawdown (1Y)

Largest decline over 1 year

-43.04%

-32.33%

-10.71%

Max Drawdown (3Y)

Largest decline over 3 years

-43.04%

-48.10%

+5.06%

Max Drawdown (5Y)

Largest decline over 5 years

-62.69%

-67.55%

+4.86%

Max Drawdown (10Y)

Largest decline over 10 years

—

-67.55%

—

Current Drawdown

Current decline from peak

-7.29%

-24.28%

+16.99%

Average Drawdown

Average peak-to-trough decline

-27.06%

-20.84%

-6.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.78%

12.79%

+6.99%

Volatility

UCYB vs. ROM - Volatility Comparison

The current volatility for ProShares Ultra Nasdaq Cybersecurity (UCYB) is 14.44%, while ProShares Ultra Technology (ROM) has a volatility of 18.85%. This indicates that UCYB 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.

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Volatility by Period

UCYBROMDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.44%

18.85%

-4.41%

Volatility (6M)

Calculated over the trailing 6-month period

45.21%

43.73%

+1.48%

Volatility (1Y)

Calculated over the trailing 1-year period

52.49%

51.28%

+1.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

50.62%

53.25%

-2.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

49.78%

50.57%

-0.79%

UCYB vs. ROM - Expense Ratio Comparison

UCYB has a 0.97% expense ratio, which is higher than ROM's 0.95% expense ratio.

Dividends

UCYB vs. ROM - Dividend Comparison

UCYB's dividend yield for the trailing twelve months is around 1.52%, more than ROM's 0.07% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
UCYB
ProShares Ultra Nasdaq Cybersecurity		1.52%1.90%2.16%0.56%0.00%0.91%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

UCYB and ROM have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ROM has higher volatility (18.85%) compared to UCYB (14.44%). In terms of maximum drawdown, UCYB dropped -62.69% vs ROM's -83.36%.

On 5-year performance, ROM leads with 20.19% vs 13.38% for UCYB. On fees, ROM is cheaper at 0.95% per year. On volatility, UCYB has been the lower-risk option at 14.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ROM has performed better with a 20.19% return vs 13.38%. 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 0.97% for UCYB.

UCYB has the higher dividend yield at 1.52%, compared with 0.07% for ROM.

UCYB tracks Nasdaq CTA Cybersecurity Index (200%), while ROM tracks S&P Technology Select Sector Index (200%). Their fees differ too: 0.97% for UCYB and 0.95% for ROM.

ROM currently has the higher Sharpe Ratio (1.16 vs 0.80), 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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