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ROM vs SKYU

ProShares Ultra Technology

ROMANYSE Arca

ProShares Ultra Nasdaq Cloud Computing

SKYUCNasdaq

Overlap

38.7%by weight

Expense ratio

ROM −0.02pt a year

ROM0.93%SKYU0.95%

Avg volume · 30D

ROM 8.6×the volume

ROM47.7KSKYU5.57K

5Y return · a year

ROM +18.9pt

ROM+17.7%SKYU−1.2%

ROM vs SKYU Performance

Oct 29, 2021 – Oct 30, 2026

+126.1%ROM−5.6%SKYU

Oct 29, 2021 to Oct 30, 2026. ROM +126.1%. SKYU −5.6%. Use the arrow keys to read each point.−50%50%200%Oct 2021Apr 2024Oct 2026
Expense ratio
ROM 0.93%, better
SKYU 0.95%
Fund size
ROM $1.15B
SKYU $4M
1Y total return
ROM +26.5%, better
SKYU +9.0%
Yield (12M)
ROM 0.03%
SKYU 0.47%, better
Holdings
ROM 85
SKYU 66
Avg volume (30D)
ROM 47.7K sh, better
SKYU 5.57K sh
NAV per share
ROM $132.18
SKYU $48.63
52W range

ETF.net Grade

ROM: Cost 70, Risk 56, Mission not scored, Tradability 88, Holdings not scored, Durability 81. SKYU: Cost 51, Risk 44, Mission not scored, Tradability 64, Holdings 73, Durability 54.
Pillar letters and Scores for ROM, SKYU, with each pillar’s weight
PillarROMSKYU
Cost30% weightA70HigherC51
Mission25% weightNot scoredNot scored
Risk15% weightB56HigherC44
Tradability15% weightA88HigherB64
Holdings10% weightNot scoredA73
Durability5% weightA81HigherC54

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 SKYU 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 SKYU 37th 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 37CMEGXCorgi U.S. Mega-Cap Growth 2x Daily ETFScore 40
  6. Rank 37CSKYUProShares Ultra Nasdaq Cloud ComputingScore 40
  7. Rank 37CTSXUDirexion Daily Semiconductors Top 5 Bull 2X ETFScore 40

Our read on each fund

ETF.net Research

ROMAProShares Ultra Technology

SKYUCProShares Ultra Nasdaq Cloud Computing

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.

SKYU A 2x daily play on the cloud stack. The index scores companies by how many layers they run (infrastructure, platform, software) and weights them by that score, and SKYU aims to double its daily move. A one-day-at-a-time tool.

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.

SKYU The fund seeks daily returns equal to twice the daily performance of the ISE CTA Cloud Computing Index, before fees and expenses.

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
  • SKYU Weight is earned by role, not size: 3 points for infrastructure, 2 for platform, 1 for software, modified equal weight, with constituents capped at 4.5% at each rebalance.nasdaq.comnasdaqomx.comnasdaqomx.com 2
  • The fee is 0.95% net of a waiver through September 30, 2027 (5.86% gross), near the category median and level with ProShares stablemates like DDM at 0.95%.
  • Not a two-stock theme sleeve: roughly 70 cloud names, from infrastructure giants down to subscription software, inside one leveraged wrapper.
  • The underlying ISE CTA Cloud Computing Index launched back in 2007, well before cloud became a marketing word, and SKYU has tracked its 2x mandate since 2021.nasdaqomx.com

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.
  • SKYU The 2x target applies to a single day. Hold longer and compounding takes over, so results can drift well away from twice the index move, especially in choppy markets.proshares.com
  • A small fund that trades thinly, so bid-ask spreads can run wide and larger orders can push the price around.
  • Cloud is one slice of tech and the fund is non-diversified, so a bad stretch for software multiples lands at double speed.proshares.com

Full ROM profile⁠

Full SKYU profile⁠

ROM vs SKYU Holdings

How ROM and SKYU differ

Overlap by weight

38.7%

Shared holdings make up 68.0% of SKYU and 46.1% of ROM.

Level by level

  • Holdings19 in both38.7%
  • Sector6 Sectors87.8%
  • Countryby domicile96.3%
  • Asset classEquity100%

Sector

Sector weights in ROM and SKYU, widest gap first
SectorMore in ROMMore in SKYU
CommunicationSKYU +8.3 points
TechnologyROM +7.3 points
FinancialsROM +4.8 points
Consumer DiscretionarySKYU +3.3 points
Health CareSKYU +0.6 points
EnergyROM +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in ROM and SKYU, widest gap first
CountryMore in ROMMore in SKYU
United StatesROM +3.1 points
CanadaSKYU +2.5 points
GermanySKYU +1.2 points
Other countries (2)ROM +0.6 points

Concentration

Weight in the 10 largest Holdings

  • ROM70.0%
  • SKYU64.9%

Securities held

  • ROM84
  • SKYU65

Asset class

ROM
Equity
SKYU
Equity

Holdings

  • Only in ROM65
  • In both19
  • Only in SKYU46

Only in ROM

65 securities, 53.9% of ROM by weight

  • Apple Inc9.53%
  • NVIDIA Corp9.38%
  • Proshares Genius Mny Mkt Etf3.23%

Only in SKYU

46 securities, 32.0% of SKYU by weight

  • Nutanix Inc - A1.78%
  • Amazon.com Inc1.68%
  • Alphabet Inc-Cl A1.50%

Weight gaps

All 19 Holdings in both funds, largest gap first.

Holding weights in ROM and SKYU, widest gap first
HoldingMore in ROMMore in SKYU
Microsoft CorpMSFTROM +5.47 points
Everpure Inc-APSKYU +2.33 points
Intl Business Machines CorpIBMSKYU +1.08 points
Akamai Technologies IncAKAMSKYU +0.98 points
Arista Networks IncANETSKYU +0.89 points
Palo Alto Networks IncPANWROM +0.85 points
Netapp IncNTAPSKYU +0.83 points
Oracle CorpORCLSKYU +0.72 points

All 80 ROM holdings⁠All 66 SKYU 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 SKYU Cost

Overpaying SKYU vs ROM

$330

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

  • ROM 0.93%

    $17,539

  • SKYU 0.95%

    $17,869

$10,000
30 years

Cost over time

  • ROM 0.93%
  • SKYU 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$20K051015202530SKYU $17,869ROM $17,539

Year by year

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

ROM 29th cheapest of 95 funds

SKYU 32nd cheapest of 95 funds

ROM vs SKYU Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ROM 0.03%
SKYU 0.47%, better
Payout (12M)
ROM $0.04
SKYU $0.23
Last payment
ROM $0.02
SKYU $0.0078
Ex-dividend
ROM Mar 25, 2026
SKYU Sep 23, 2026
Paid on
ROM Mar 31, 2026
SKYU Sep 29, 2026
Frequency
ROM Quarterly
SKYU 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
SKYUQuarterly · 8 paymentsAll SKYU payments⁠
One bar per payment. 8 payments from 2017 to 2026 YTD. Sep 25, 2024 $0.03; Dec 23, 2024 $0.04; Mar 26, 2025 $0.0054; Sep 24, 2025 $0.08; Dec 24, 2025 $0.12; Mar 25, 2026 $0.06; Jun 24, 2026 $0.04; Sep 23, 2026 $0.0078. Use the arrow keys to read each point.$0$0.102017202020232026YTD

ROM vs SKYU Risk

Fall from peak · 5 years

  • ROM
  • SKYU
Oct 29, 2021 to Oct 30, 2026. Worst fall: SKYU −83.0% · Jan 2023. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
ROM 49.3%, betterSKYU 53.9%
Return per unit of riskSharpe ratio, 3 years
ROM 0.97, betterSKYU 0.90
Worst fallMax drawdown, 5 years
ROM −67.6%, betterSKYU −83.0%
Market sensitivityBeta, 5 years
ROM 3.09SKYU 2.89

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