QLD vs ROM: Grades, Fees and Holdings Compared

ProShares Ultra QQQ

QLDANYSE Arca

ProShares Ultra Technology

ROMANYSE Arca

Overlap

56.2%by weight

Expense ratio

QLD −0.04pt a year

QLD0.89%ROM0.93%

Avg volume · 30D

QLD 87.0×the volume

QLD4.15MROM47.7K

10Y return · a year

ROM +4.7pt

QLD+31.9%ROM+36.6%

QLD vs ROM Performance

Oct 29, 2021 – Oct 30, 2026

+97.9%QLD+126.1%ROM

Expense ratio: QLD 0.89%, better; ROM 0.93%
Fund size: QLD $13.3B; ROM $1.15B
1Y total return: QLD +10.7%; ROM +26.5%, better
Yield (12M): QLD 0.15%, better; ROM 0.03%
Holdings: QLD 113; ROM 85
Avg volume (30D): QLD 4.15M sh, better; ROM 47.7K sh
NAV per share: QLD $82.56; ROM $132.18
52W range

ETF.net Grade

Pillar letters and Scores for QLD, ROM, with each pillar’s weight
Pillar	QLD	ROM
Cost30% weight	A72Higher	A70
Mission25% weight	A95	Not scored
Risk15% weight	B66Higher	B56
Tradability15% weight	A100Higher	A88
Holdings10% weight	A72	Not scored
Durability5% weight	A81	A81

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›

Same Category. QLD and ROM are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds

See all 95 ›

QLD ranks 1st and ROM 3rd of 95 funds in the Leveraged Long (2x & Other) Category.

Rank 1AQLDProShares Ultra QQQScore 77
Rank 2AUYGProShares Ultra FinancialsScore 74
Rank 3AROMProShares Ultra TechnologyScore 71
Rank 4BDDMProShares Ultra Dow30Score 69

Our read on each fund

ETF.net Research

QLDAProShares Ultra QQQ

ROMAProShares Ultra Technology

In short

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

ROM The original 2x tech trade. Since 2007, ROM has aimed at twice the daily move of the S&P 500's technology sector: a double dose in a category now stacked with triples.

Stated mandate

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

ROM ROM seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the S&P Technology Select Sector SM Index.

Why people hold it

QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.

ROM Two times, not three. A 2x daily target means smaller swings and less compounding drag than a 3x fund chasing the same sector.sec.gov
Live since January 2007, so it has run through the 2008 crash and the full tech cycle since. Long mileage is rare in geared funds.
0.93% a year, flat, with no waiver propping it up. Peer QLD runs 0.89%, but only net of a waiver through September 30, 2027.
One of the strongest implementations in the leveraged-bull pack, from an issuer that has run geared funds since the category's early days.proshares.com

Worth knowing

QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.

ROM The 2x target resets at each close, so results over weeks or months depend on the path the sector takes, not just where it ends up.sec.gov proshares.com
Trades thinner than the category's headline names, so spreads and limit orders matter, especially in size.
About 80 tech names from the S&P 500. That is one concentrated sector bet, doubled, in both directions.

Full QLD profile⁠

Full ROM profile⁠

QLD vs ROM Holdings

How QLD and ROM differ

Overlap by weight

56.2%

Shared holdings make up 89.6% of ROM and 64.9% of QLD.

Level by level

Holdings40 in both56.2%
Sector10 Sectors57.2%
Countryby domicile97.5%
Asset classEquity100%

Sector

Sector weights in QLD and ROM, widest gap first
Sector	More in QLDMore in ROM	QLD	ROM
Technology	ROM +42.8 points	52.3%	95.1%
Communication	QLD +9.6 points	9.6%	0.0%
Consumer Discretionary	QLD +9.2 points	9.2%	0.0%
Financials	QLD +7.6 points	12.4%	4.8%
Consumer Staples	QLD +5.5 points	5.5%	0.0%
Industrials	QLD +4.9 points	4.9%	0.0%
Health Care	QLD +3.9 points	3.9%	0.0%
Utilities	QLD +1.0 points	1.0%	0.0%
Materials	QLD +0.9 points	0.9%	0.0%
Energy	QLD +0.3 points	0.4%	0.1%

Country, concentration and asset class

Country by domicile

Country weights in QLD and ROM, widest gap first
Country	More in QLDMore in ROM	QLD	ROM
United States	ROM +2.1 points	97.3%	99.4%
Canada	QLD +1.1 points	1.1%	0.0%
Netherlands	QLD +0.9 points	0.9%	0.0%
Other countries (4)	QLD +0.2 points	0.8%	0.6%

Concentration

Weight in the 10 largest Holdings

QLD53.3%
ROM70.0%

Securities held

QLD112
ROM84

Asset class

QLD: Equity
ROM: Equity

Holdings

Only in QLD72
In both40
Only in ROM44

Only in QLD

72 securities, 35.1% of QLD by weight

Amazon.com Inc3.03%
Tesla Inc2.45%
Meta Platforms Inc-Class A2.14%
Walmart Inc1.94%
Alphabet Inc-Cl A1.92%
Space Exploration Techn-Cl A1.86%
Alphabet Inc-Cl C1.80%
Costco Wholesale Corp1.45%
Netflix Inc0.83%
Amgen Inc0.81%
Linde PLC0.76%
Gilead Sciences Inc0.68%
TREASURY BILL, 0%, due 2027-01-190.67%
Shopify Inc - Class A0.61%
Pepsico Inc0.60%
T-Mobile Us Inc0.54%
Intuitive Surgical Inc0.49%
TREASURY BILL, 0%, due 2026-11-030.49%
Asml Holding Nv-Ny Reg Shs0.47%
Vertex Pharmaceuticals Inc0.46%
Starbucks Corp0.38%
Automatic Data Processing0.38%
TREASURY BILL, 0%, due 2026-12-010.37%
TREASURY BILL, 0%, due 2027-01-260.37%
TREASURY BILL, 0%, due 2027-02-110.37%
Booking Holdings Inc0.36%
Marriott International -Cl A0.34%
Csx Corp0.31%
Regeneron Pharmaceuticals0.30%
TREASURY BILL, 0%, due 2026-11-050.30%
Constellation Energy0.30%
Monster Beverage Corp0.30%
Arm Holdings Plc-Adr0.29%
Moderna Inc0.29%
Cintas Corp0.28%
Mondelez International Inc-A0.27%
Comcast Corp-Class A0.27%
Mercadolibre Inc0.26%
Ross Stores Inc0.24%
Doordash Inc - A0.24%
O'reilly Automotive Inc0.23%
American Electric Power0.23%
Applovin Corp-Class A0.22%
Honeywell International Inc0.22%
Airbnb Inc-Class A0.22%
Fastenal Co0.19%
Diamondback Energy Inc0.19%
Baker Hughes Co0.18%
Paccar Inc0.17%
Pdd Holdings Inc0.17%

Only in ROM

44 securities, 10.4% of ROM by weight

Intl Business Machines Corp0.93%
Oracle Corp0.87%
Amphenol Corp-Cl A0.75%
Salesforce Inc0.72%
Arista Networks Inc0.68%
Accenture Plc-Cl A0.61%
Dell Technologies -C0.49%
TREASURY BILL, 0%, due 2026-11-100.44%
TREASURY BILL, 0%, due 2026-12-030.44%
Servicenow Inc0.42%
Corning Inc0.37%
Motorola Solutions Inc0.31%
Hewlett Packard Enterprise0.28%
Te Connectivity PLC0.24%
Keysight Technologies In0.20%
Ciena Corp0.17%
Everpure Inc-A0.16%
Coherent Corp0.16%
Netapp Inc0.15%
Flex Ltd0.12%
Teledyne Technologies Inc0.12%
Cognizant Tech Solutions-A0.11%
Jabil Inc0.11%
On Semiconductor0.11%
Hp Inc0.10%
Verisign Inc0.10%
Qnity Electronics Inc0.09%
TREASURY BILL, 0%, due 2026-12-080.09%
TREASURY BILL, 0%, due 2027-03-040.09%
Ptc Inc0.08%
Twilio Inc - A0.08%
Skyworks Solutions Inc0.08%
Cdw Corp/De0.07%
F5 Inc0.07%
First Solar Inc0.07%
Super Micro Computer Inc0.07%
Zebra Technologies Corp-Cl A0.07%
Gen Digital Inc0.06%
Fair Isaac Corp0.06%
Trimble Inc0.06%
Tyler Technologies Inc0.06%
Godaddy Inc - Class A0.06%
Gartner Inc0.06%
Akamai Technologies Inc0.05%

Weight gaps

All 40 Holdings in both funds, largest gap first.

Holding weights in QLD and ROM, widest gap first
Holding	More in QLDMore in ROM	QLD	ROM
Proshares Genius Mny Mkt EtfIQMM	QLD +7.64 points	10.87%	3.23%
Apple IncAAPL	ROM +3.65 points	5.88%	9.53%
NVIDIA CorpNVDA	ROM +3.62 points	5.76%	9.38%
Microsoft CorpMSFT	ROM +2.81 points	4.53%	7.34%
TREASURY BILL, 0%, due 2027-01-12	ROM +1.40 points	0.07%	1.47%
Broadcom IncAVGO	ROM +1.13 points	1.81%	2.94%
TREASURY BILL, 0%, due 2026-12-24	ROM +1.02 points	0.37%	1.39%
Micron Technology IncMU	QLD +0.71 points	3.22%	2.51%
TREASURY BILL, 0%, due 2026-12-17	ROM +0.46 points	0.24%	0.70%
TREASURY BILL, 0%, due 2026-12-29	QLD +0.36 points	1.31%	0.95%
Palantir Technologies Inc-APLTR	ROM +0.25 points	1.37%	1.62%
Cisco Systems IncCSCO	ROM +0.25 points	1.33%	1.58%
Applied Materials IncAMAT	ROM +0.19 points	1.00%	1.19%
Lam Research CorpLRCX	ROM +0.19 points	0.96%	1.15%
Palo Alto Networks IncPANW	ROM +0.18 points	0.96%	1.14%
Advanced Micro DevicesAMD	ROM +0.17 points	2.66%	2.83%
Texas Instruments IncTXN	ROM +0.16 points	0.89%	1.05%
Crowdstrike Holdings Inc - ACRWD	ROM +0.15 points	0.83%	0.98%
Intel CorpINTC	ROM +0.14 points	1.11%	1.25%
Analog Devices IncADI	ROM +0.13 points	0.65%	0.78%
Kla CorpKLAC	ROM +0.12 points	0.67%	0.79%
Qualcomm IncQCOM	ROM +0.11 points	0.56%	0.67%
Marvell Technology IncMRVL	ROM +0.10 points	0.56%	0.66%
Sandisk CorpSNDK	ROM +0.10 points	0.54%	0.64%
Seagate Technology HoldingsSTX	ROM +0.09 points	0.47%	0.56%
Western Digital CorpWDC	ROM +0.08 points	0.43%	0.51%
Adobe IncADBE	ROM +0.06 points	0.32%	0.38%
Intuit IncINTU	ROM +0.06 points	0.30%	0.36%
Cadence Design Sys IncCDNS	ROM +0.06 points	0.29%	0.35%
Synopsys IncSNPS	ROM +0.05 points	0.29%	0.34%
Datadog Inc - Class ADDOG	ROM +0.05 points	0.25%	0.30%
Lumentum Holdings IncLITE	ROM +0.05 points	0.24%	0.29%
Nxp Semiconductors NVNXPI	ROM +0.04 points	0.21%	0.25%
Monolithic Power Systems IncMPWR	ROM +0.04 points	0.19%	0.23%
Autodesk IncADSK	ROM +0.03 points	0.17%	0.20%
Roper Technologies IncROP	ROM +0.03 points	0.15%	0.18%
Workday Inc-Class AWDAY	ROM +0.03 points	0.12%	0.15%
Teradyne IncTER	ROM +0.02 points	0.14%	0.16%
Microchip Technology IncMCHP	ROM +0.02 points	0.14%	0.16%
Fortinet IncFTNT	Same weight	0.32%	0.32%

All 121 QLD holdings⁠All 80 ROM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QLD vs ROM Cost

Overpaying ROM vs QLD

$667

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

QLD 0.89%
$16,872
ROM 0.93%
$17,539

Amount$10,000

Years30 years

Cost over time

QLD 0.89%
ROM 0.93%
Overpaying

Year by year

Year	QLD	ROM	Overpaying
10	$1,576	$1,644	$68
20	$5,953	$6,199	$246
30	$16,872	$17,539	$667

Expense ratio

0.89%QLD, cheaper
0.93%ROM

QLD0.89%ROM0.93%

0.20%2.19%

Middle half of Leveraged Long (2x & Other) funds
Median 0.95%

QLD 28th cheapest of 95 funds

ROM 29th cheapest of 95 funds

QLD vs ROM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): QLD 0.15%, better; ROM 0.03%
Payout (12M): QLD $0.12; ROM $0.04
Last payment: QLD $0.03; ROM $0.02
Ex-dividend: QLD Sep 23, 2026; ROM Mar 25, 2026
Paid on: QLD Sep 29, 2026; ROM Mar 31, 2026
Frequency: QLD Quarterly; ROM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QLDQuarterly · 21 paymentsAll QLD payments⁠

ROMQuarterly · 19 paymentsAll ROM payments⁠

QLD vs ROM Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: QLD 36.7%, betterROM 49.3%
Return per unit of riskSharpe ratio, 3 years: QLD 1.04, betterROM 0.97
Worst fallMax drawdown, 5 years: QLD −63.7%, betterROM −67.6%
Market sensitivityBeta, 5 years: QLD 2.46ROM 3.09; Market = 1

QLD and ROM in the news

All news⁠

ETF Filings
Simplify files six Smart Leverage ETFs that target 2x without a daily reset
Sep 11, 2026QLD

Popular comparisons

QLDAvsUYGA
ProShares Ultra QQQ · ProShares Ultra Financials
Expense ratio
0.89% · 0.93%
Category
ROMAvsUYGA
ProShares Ultra Technology · ProShares Ultra Financials
Expense ratio
0.93% · 0.93%
Category
QLDAvsDDMB
ProShares Ultra QQQ · ProShares Ultra Dow30
Expense ratio
0.89% · 0.95%
Category
ROMAvsDDMB
ProShares Ultra Technology · ProShares Ultra Dow30
Expense ratio
0.93% · 0.95%
Category
QLDAvsUSDB
ProShares Ultra QQQ · ProShares Ultra Semiconductors
Expense ratio
0.89% · 0.94%
Category
ROMAvsUSDB
ProShares Ultra Technology · ProShares Ultra Semiconductors
Expense ratio
0.93% · 0.94%
Category

QLD vs ROM

In short

Stated mandate

Why people hold it

Worth knowing

How QLD and ROM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QLD

Only in ROM

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Simplify files six Smart Leverage ETFs that target 2x without a daily reset

How QLD and ROM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QLD

Only in ROM

Weight gaps