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QQXL vs ROM

ProShares Ultra QQQ Top 30

QQXLCNasdaq

ProShares Ultra Technology

ROMANYSE Arca

Overlap

Expense ratio

ROM −0.03pt a year

QQXL0.96%ROM0.93%

Avg volume · 30D

ROM 23.0×the volume

QQXL2.19KROM50.3K

QQXL vs ROM Performance

Nov 7, 2025 – Nov 9, 2026

+8.5%QQXL+23.8%ROM

Nov 7, 2025 to Nov 9, 2026. QQXL +8.5%. ROM +23.8%. Use the arrow keys to read each point.−20%40%60%80%Nov 2025May 2026Nov 2026
Expense ratio
QQXL 0.96%
ROM 0.93%, better
Fund size
QQXL $4M
ROM $962M
1Y total return
QQXL +8.5%
ROM +23.8%, better
Yield (12M)
QQXL 1.19%, better
ROM 0.03%
Holdings
QQXL 32
ROM 86
Avg volume (30D)
QQXL 2.19K sh
ROM 50.3K sh, better
NAV per share
QQXL $43.17
ROM $110.30
52W range

ETF.net Grade

QQXL: Cost 51, Risk 52, Mission not scored, Tradability 58, Holdings not scored, Durability 52. ROM: Cost 70, Risk 49, Mission not scored, Tradability 88, Holdings 52, Durability 80.
Pillar letters and Scores for QQXL, ROM, with each pillar’s weight
PillarQQXLROM
Cost30% weightC51A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightC52HigherC49
Tradability15% weightB58A88Higher
Holdings10% weightNot scoredC52
Durability5% weightC52A80Higher

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. QQXL 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 QQXL 25th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 76
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 70
  4. Rank 4BDDMProShares Ultra Dow30Score 69
  5. Rank 25CQQUPProShares Ultra QQQ MegaScore 52
  6. Rank 25CQQXLProShares Ultra QQQ Top 30Score 52
  7. Rank 27CUCCProShares Ultra Consumer DiscretionaryScore 51

Our read on each fund

ETF.net Research

QQXLCProShares Ultra QQQ Top 30

ROMAProShares Ultra Technology

In short

QQXL The first ETF to aim 2x daily leverage at just the top 30 names of the Nasdaq-100 instead of all 100. Same mega-cap engine as the classic leveraged Nasdaq trade, with the back half of the index left on the cutting room floor.

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

QQXL The fund seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the Nasdaq-100 Top 30 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

  • QQXL The first and only ETF targeting 2x the daily move of the Nasdaq-100 Top 30 Index, so the leverage lands on 30 mega caps rather than the full 100.proshares.com
  • Charges 0.96% net of a waiver through September 30, 2027, near the typical 2x fund's fee. Sibling QLD runs 0.89% (also net of a waiver through that date) for the whole index.
  • Run by ProShares, which has managed leveraged Nasdaq-100 funds for years before this one arrived. Distributions are paid quarterly.proshares.com
  • 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

  • QQXL The leverage resets every day. Hold past a single session and compounding takes over, so multi-day results can drift well away from 2x the index, especially in choppy markets.proshares.com
  • That 0.96% is a waived rate. The gross expense ratio is 1.84%, and the waiver is contracted through September 30, 2027.
  • Thirty names, heavy on mega-cap tech, and it only launched in August 2025: a concentrated book, a short record, and lighter trading than the 2x Nasdaq-100 veterans.
  • 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 QQXL profile⁠

Full ROM profile⁠

QQXL 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.

QQXL vs ROM Cost

Overpaying QQXL vs ROM

$495

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

  • QQXL 0.96%

    $18,034

  • ROM 0.93%

    $17,539

$10,000
30 years

Cost over time

  • QQXL 0.96%
  • 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$20K051015202530QQXL $18,034ROM $17,539

Year by year

YearQQXLROMOverpaying
10$1,695$1,644$51
20$6,383$6,199$184
30$18,034$17,539$495

Expense ratio

  • 0.96%QQXL
  • 0.93%ROM, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

ROM 29th cheapest of 95 funds

QQXL 66th cheapest of 95 funds

QQXL vs ROM Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
QQXL 1.19%, better
ROM 0.03%
Payout (12M)
QQXL $0.55
ROM $0.04
Last payment
QQXL $0.12
ROM $0.02
Ex-dividend
QQXL Sep 23, 2026
ROM Mar 25, 2026
Paid on
QQXL Sep 29, 2026
ROM Mar 31, 2026
Frequency
QQXL Quarterly
ROM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQXLQuarterly · 5 paymentsAll QQXL payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Sep 24, 2025 $0.0026; Dec 24, 2025 $0.03; Mar 25, 2026 $0.24; Jun 24, 2026 $0.16; Sep 23, 2026 $0.12. Use the arrow keys to read each point.$0$0.252017202020232026YTD
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$0.252017202020232026YTD

QQXL vs ROM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QQXL 51.0%since Sep 2025ROM 49.3%
Return per unit of riskSharpe ratio, 3 years
QQXL 0.58since Sep 2025ROM 0.97
Worst fallMax drawdown, 5 years
QQXL −33.4%since Aug 2025ROM −67.6%
Market sensitivityBeta, 5 years
QQXL 3.56ROM 3.09

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