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QQUP vs ROM

ProShares Ultra QQQ Mega

QQUPCNasdaq

ProShares Ultra Technology

ROMANYSE Arca

Overlap

Expense ratio

ROM −0.02pt a year

QQUP0.95%ROM0.93%

Avg volume · 30D

ROM 16.4×the volume

QQUP2.9KROM47.7K

QQUP vs ROM Performance

Oct 31, 2025 – Oct 30, 2026

−7.0%QQUP+26.5%ROM

Oct 31, 2025 to Oct 30, 2026. QQUP −7.0%. ROM +26.5%. Use the arrow keys to read each point.−40%−20%40%60%Oct 2025Apr 2026Oct 2026
Expense ratio
QQUP 0.95%
ROM 0.93%, better
Fund size
QQUP $23M
ROM $1.15B
1Y total return
QQUP −7.0%
ROM +26.5%, better
Yield (12M)
QQUP 0.66%, better
ROM 0.03%
Holdings
QQUP 9
ROM 85
Avg volume (30D)
QQUP 2.9K sh
ROM 47.7K sh, better
NAV per share
QQUP $58.28
ROM $132.18
52W range

ETF.net Grade

QQUP: Cost 51, Risk 47, Mission not scored, Tradability 58, Holdings not scored, Durability 59. ROM: Cost 70, Risk 56, Mission not scored, Tradability 88, Holdings not scored, Durability 81.
Pillar letters and Scores for QQUP, ROM, with each pillar’s weight
PillarQQUPROM
Cost30% weightC51A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightC47B56Higher
Tradability15% weightB58A88Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB59A81Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QQUP 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 ›

ROM ranks 3rd and QQUP 25th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 71
  4. Rank 4BDDMProShares Ultra Dow30Score 69
  5. Rank 24CQQXLProShares Ultra QQQ Top 30Score 53
  6. Rank 25CQQUPProShares Ultra QQQ MegaScore 52
  7. Rank 25CUGLProShares Ultra GoldScore 52

Our read on each fund

ETF.net Research

QQUPCProShares Ultra QQQ Mega

ROMAProShares Ultra Technology

In short

QQUP Most 2x Nasdaq funds own all 100 names. QQUP targets twice the daily move of only the mega-cap top slice, with membership set by index rules rather than a frozen Mag 7 list.

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

QQUP The fund targets two times the daily returns of the Nasdaq-100 Mega 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

  • QQUP ProShares calls it the first and only ETF targeting 2x the daily move of the Nasdaq-100 Mega Index, a basket covering roughly the top 45% of the Nasdaq-100.proshares.com
  • Membership is rules-based: annual December reconstitution plus rank checks in March, June and September, so the mega-cap leaderboard rotates as it changes.nasdaq.com
  • Fee is 0.95% net of a waiver through September 30, 2027 (1.22% gross), near the median for leveraged bull funds.
  • 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

  • QQUP The 2x target applies to a single day. Over longer holds, daily compounding can push returns meaningfully above or below 2x the index, as the prospectus spells out.proshares.com
  • A narrow mega-cap basket, doubled. One name's bad week lands harder here than in a 2x fund spread across all 100 Nasdaq-100 members.proshares.comnasdaq.com
  • Launched in 2025, it stays small and lightly traded next to veterans like QLD, which runs 0.89% net of a waiver through September 30, 2027.
  • 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.govproshares.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 QQUP profile⁠

Full ROM profile⁠

QQUP vs 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.

QQUP vs ROM Cost

Overpaying QQUP vs ROM

$330

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

  • QQUP 0.95%

    $17,869

  • ROM 0.93%

    $17,539

$10,000
30 years

Cost over time

  • QQUP 0.95%
  • ROM 0.93%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QQUP $17,869ROM $17,539

Year by year

YearQQUPROMOverpaying
10$1,678$1,644$34
20$6,322$6,199$123
30$17,869$17,539$330

Expense ratio

  • 0.95%QQUP
  • 0.93%ROM, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

ROM 29th cheapest of 95 funds

QQUP 32nd cheapest of 95 funds

QQUP vs ROM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QQUP 0.66%, better
ROM 0.03%
Payout (12M)
QQUP $0.39
ROM $0.04
Last payment
QQUP $0.08
ROM $0.02
Ex-dividend
QQUP Sep 23, 2026
ROM Mar 25, 2026
Paid on
QQUP Sep 29, 2026
ROM Mar 31, 2026
Frequency
QQUP Quarterly
ROM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQUPQuarterly · 5 paymentsAll QQUP payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Sep 24, 2025 $0.07; Dec 24, 2025 $0.09; Mar 25, 2026 $0.11; Jun 24, 2026 $0.10; Sep 23, 2026 $0.08. Use the arrow keys to read each point.$0$0.102017202020232026YTD
ROMQuarterly · 19 paymentsAll ROM payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0015; Dec 26, 2017 $0.0075; Mar 21, 2018 $0.0064; Jun 20, 2018 $0.006; Dec 26, 2018 $0.02; Mar 20, 2019 $0.01; Jun 25, 2019 $0.0043; Dec 24, 2019 $0.01; Mar 25, 2020 $0.02; Dec 20, 2023 $0.0042; Mar 20, 2024 $0.01; Jun 26, 2024 $0.04; Sep 25, 2024 $0.06; Dec 23, 2024 $0.03; Mar 26, 2025 $0.02; Jun 25, 2025 $0.14; Sep 24, 2025 $0.05; Dec 24, 2025 $0.02; Mar 25, 2026 $0.02. Use the arrow keys to read each point.$0$0.102017202020232026YTD

QQUP vs ROM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QQUP 46.7%since Jul 2025ROM 49.3%
Return per unit of riskSharpe ratio, 3 years
QQUP 0.60since Jul 2025ROM 0.97
Worst fallMax drawdown, 5 years
QQUP −37.7%since Jun 2025ROM −67.6%
Market sensitivityBeta, 5 years
QQUP 3.46ROM 3.09

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