Correlation
The correlation between ^SIXT and ROM is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
^SIXT vs. ROM
Compare and contrast key facts about Technology Select Sector Index (^SIXT) and ProShares Ultra Technology (ROM).
ROM is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Technology Index (200%). It was launched on Jan 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SIXT or ROM.
Performance
^SIXT vs. ROM - Performance Comparison
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Key characteristics
^SIXT:
0.26
ROM:
0.09
^SIXT:
0.57
ROM:
0.41
^SIXT:
1.08
ROM:
1.05
^SIXT:
0.30
ROM:
-0.02
^SIXT:
0.93
ROM:
-0.04
^SIXT:
8.29%
ROM:
18.22%
^SIXT:
30.63%
ROM:
60.68%
^SIXT:
-33.93%
ROM:
-83.36%
^SIXT:
-4.39%
ROM:
-17.37%
Returns By Period
In the year-to-date period, ^SIXT achieves a -0.47% return, which is significantly higher than ROM's -8.69% return. Over the past 10 years, ^SIXT has underperformed ROM with an annualized return of 18.29%, while ROM has yielded a comparatively higher 28.57% annualized return.
^SIXT
-0.47%
10.12%
-0.85%
10.49%
17.90%
18.84%
18.29%
ROM
-8.69%
19.82%
-9.99%
5.46%
22.19%
25.35%
28.57%
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Risk-Adjusted Performance
^SIXT vs. ROM — Risk-Adjusted Performance Rank
^SIXT
ROM
^SIXT vs. ROM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Technology Select Sector Index (^SIXT) 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.
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Drawdowns
^SIXT vs. ROM - Drawdown Comparison
The maximum ^SIXT drawdown since its inception was -33.93%, smaller than the maximum ROM drawdown of -83.36%. Use the drawdown chart below to compare losses from any high point for ^SIXT and ROM.
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Volatility
^SIXT vs. ROM - Volatility Comparison
The current volatility for Technology Select Sector Index (^SIXT) is 6.38%, while ProShares Ultra Technology (ROM) has a volatility of 12.71%. This indicates that ^SIXT 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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