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ROM vs SAA

ProShares Ultra Technology

ROMANYSE Arca

ProShares Ultra SmallCap600

SAACNYSE Arca

Overlap

Expense ratio

ROM −0.02pt a year

ROM0.93%SAA0.95%

Avg volume · 30D

ROM 11.8×the volume

ROM47.7KSAA4.04K

10Y return · a year

ROM +25.1pt

ROM+36.6%SAA+11.5%

ROM vs SAA Performance

Oct 29, 2021 – Oct 30, 2026

+126.1%ROM+9.4%SAA

Oct 29, 2021 to Oct 30, 2026. ROM +126.1%. SAA +9.4%. Use the arrow keys to read each point.−50%50%200%Oct 2021Apr 2024Oct 2026
Expense ratio
ROM 0.93%, better
SAA 0.95%
Fund size
ROM $1.15B
SAA $26M
1Y total return
ROM +26.5%
SAA +34.7%, better
Yield (12M)
ROM 0.03%
SAA 0.74%, better
Holdings
ROM 85
SAA 603
Avg volume (30D)
ROM 47.7K sh, better
SAA 4.04K sh
NAV per share
ROM $132.18
SAA $33.32
52W range

ETF.net Grade

ROM: Cost 70, Risk 56, Mission not scored, Tradability 88, Holdings not scored, Durability 81. SAA: Cost 51, Risk 65, Mission not scored, Tradability 49, Holdings 79, Durability 69.
Pillar letters and Scores for ROM, SAA, with each pillar’s weight
PillarROMSAA
Cost30% weightA70HigherC51
Mission25% weightNot scoredNot scored
Risk15% weightB56B65Higher
Tradability15% weightA88HigherC49
Holdings10% weightNot scoredA79
Durability5% weightA81HigherB69

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. ROM and SAA 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 SAA 22nd 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 22CMAGXRoundhill Daily 2X Long Magnificent Seven ETFScore 54
  6. Rank 22CSAAProShares Ultra SmallCap600Score 54
  7. Rank 24CQQXLProShares Ultra QQQ Top 30Score 53

Our read on each fund

ETF.net Research

ROMAProShares Ultra Technology

SAACProShares Ultra SmallCap600

In short

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.

SAA Two times the daily move of the S&P SmallCap 600, the small-cap index that asks companies to earn money before it lets them in. Running since 2007, it is the quality-screened corner of leveraged small-cap trading.

Stated mandate

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.

SAA ProShares Ultra SmallCap600 aims, before fees and expenses, to deliver daily results equal to twice the daily performance of the S&P SmallCap 600 Index.

Why people hold it

  • 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
  • SAA Aims to deliver 2x the daily move of the S&P SmallCap 600, an index S&P distinguishes from other small-cap benchmarks by its earnings requirement.proshares.comspglobal.com
  • 0.95% net of a waiver through September 30, 2027, near the typical leveraged bull fee and level with DDM's 0.95%.
  • Listed in January 2007, so the daily-reset machinery has run through nearly two decades of markets, 2008 included.
  • Spreads its exposure across roughly 600 small caps, and sits in the top quartile of the leveraged bull funds we grade.

Worth knowing

  • 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.
  • SAA The 2x target resets every day. Hold longer and compounding takes over, so results can diverge from twice the index move over that stretch, most of all in choppy markets.proshares.com
  • A small fund that trades thinly, so bid-ask spreads can run wider than at the headline leveraged ETFs.
  • That 0.95% leans on a waiver set to run through September 30, 2027. Gross expenses are 1.48%.

Full ROM profile⁠

Full SAA profile⁠

ROM vs SAA 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.

ROM vs SAA Cost

Overpaying SAA vs ROM

$330

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

  • ROM 0.93%

    $17,539

  • SAA 0.95%

    $17,869

$10,000
30 years

Cost over time

  • ROM 0.93%
  • SAA 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SAA $17,869ROM $17,539

Year by year

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

Expense ratio

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

ROM 29th cheapest of 95 funds

SAA 32nd cheapest of 95 funds

ROM vs SAA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ROM 0.03%
SAA 0.74%, better
Payout (12M)
ROM $0.04
SAA $0.25
Last payment
ROM $0.02
SAA $0.04
Ex-dividend
ROM Mar 25, 2026
SAA Sep 23, 2026
Paid on
ROM Mar 31, 2026
SAA Sep 29, 2026
Frequency
ROM Quarterly
SAA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

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
SAAQuarterly · 22 paymentsAll SAA payments⁠
One bar per payment. 22 payments from 2017 to 2026 YTD. Sep 26, 2018 $0.0012; Dec 26, 2018 $0.04; Mar 20, 2019 $0.0099; Jun 25, 2019 $0.03; Dec 24, 2019 $0.03; Dec 23, 2020 $0.0064; Sep 21, 2022 $0.03; Dec 22, 2022 $0.07; Jun 21, 2023 $0.05; Sep 20, 2023 $0.06; Dec 20, 2023 $0.11; Mar 20, 2024 $0.04; Jun 26, 2024 $0.08; Sep 25, 2024 $0.09; Dec 23, 2024 $0.14; Mar 26, 2025 $0.05; Jun 25, 2025 $0.01; Sep 24, 2025 $0.08; Dec 24, 2025 $0.13; Mar 25, 2026 $0.04; Jun 24, 2026 $0.03; Sep 23, 2026 $0.04. Use the arrow keys to read each point.$0$0.102017202020232026YTD

ROM vs SAA Risk

Fall from peak · 5 years

  • ROM
  • SAA
Oct 29, 2021 to Oct 30, 2026. Worst fall: ROM −67.6% · Nov 2022. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
ROM 49.3%SAA 38.0%, better
Return per unit of riskSharpe ratio, 3 years
ROM 0.97, betterSAA 0.68
Worst fallMax drawdown, 5 years
ROM −67.6%SAA −55.3%, better
Market sensitivityBeta, 5 years
ROM 3.09SAA 2.06

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