^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.
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.
Performance
^SIXT vs. ROM - Performance Comparison
Key characteristics
^SIXT:
0.19
ROM:
-0.03
^SIXT:
0.51
ROM:
0.38
^SIXT:
1.07
ROM:
1.05
^SIXT:
0.25
ROM:
-0.03
^SIXT:
0.80
ROM:
-0.09
^SIXT:
8.18%
ROM:
17.72%
^SIXT:
30.15%
ROM:
59.78%
^SIXT:
-33.93%
ROM:
-83.36%
^SIXT:
-10.88%
ROM:
-25.97%
Returns By Period
In the year-to-date period, ^SIXT achieves a -7.22% return, which is significantly higher than ROM's -18.20% return. Over the past 10 years, ^SIXT has underperformed ROM with an annualized return of 17.72%, while ROM has yielded a comparatively higher 27.67% annualized return.
^SIXT
-7.22%
20.14%
-9.13%
5.33%
18.05%
17.72%
ROM
-18.20%
42.62%
-22.40%
-1.55%
24.29%
27.67%
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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.
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. For additional features, visit the drawdowns tool.
Volatility
^SIXT vs. ROM - Volatility Comparison
The current volatility for Technology Select Sector Index (^SIXT) is 15.59%, while ProShares Ultra Technology (ROM) has a volatility of 29.46%. 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.