Skip to content
etf.net

ROM vs TARK

ProShares Ultra Technology

ROMANYSE Arca

Tradr 2X Long Innovation ETF

TARKDNasdaq

Overlap

Expense ratio

ROM −0.55pt a year

ROM0.93%TARK1.48%

Avg volume · 30D

ROM 2.2×the volume

ROM47.7KTARK22.1K

3Y return · a year

ROM +16.3pt

ROM+44.2%TARK+27.9%

ROM vs TARK Performance

Oct 31, 2025 – Nov 2, 2026

+19.3%ROM−37.6%TARK

Oct 31, 2025 to Nov 2, 2026. ROM +19.3%. TARK −37.6%. Use the arrow keys to read each point.−20%0%40%60%Oct 2025May 2026Nov 2026
Expense ratio
ROM 0.93%, better
TARK 1.48%
Fund size
ROM $1.15B
TARK $11M
1Y total return
ROM +19.3%, better
TARK −37.6%
Yield (12M)
ROM 0.03%
TARK 35.39%, better
Holdings
ROM 85
TARK 2
Avg volume (30D)
ROM 47.7K sh, better
TARK 22.1K sh
NAV per share
ROM $132.18
TARK $41.57
52W range

ETF.net Grade

ROM: Cost 70, Risk 56, Mission not scored, Tradability 88, Holdings not scored, Durability 81. TARK: Cost 7, Risk 30, Mission 85, Tradability 63, Holdings 28, Durability 49.
Pillar letters and Scores for ROM, TARK, with each pillar’s weight
PillarROMTARK
Cost30% weightA70HigherF7
Mission25% weightNot scoredA85
Risk15% weightB56HigherD30
Tradability15% weightA88HigherB63
Holdings10% weightNot scoredD28
Durability5% weightA81HigherC49

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 TARK 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 TARK 86th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 78
  2. Rank 2AUYGProShares Ultra FinancialsScore 73
  3. Rank 3AROMProShares Ultra TechnologyScore 71
  4. Rank 4BDDMProShares Ultra Dow30Score 69
  5. Rank 86DCWEBDirexion Daily CSI China Internet Index Bull 2X ETFScore 28
  6. Rank 86DTARKTradr 2X Long Innovation ETFScore 28
  7. Rank 88DRAMRoundhill T-REX 2X Long DRAM Daily Target ETFScore 27

Our read on each fund

ETF.net Research

ROMAProShares Ultra Technology

TARKDTradr 2X Long Innovation ETF

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.

TARK Most leveraged ETFs double an index. TARK doubles a stock picker: it targets 2x the daily move of ARKK, ARK's actively managed innovation fund, in one ticker. Costs 1.48% net of a waiver through July 31, 2027, with leverage reset daily.

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.

TARK The Fund seeks daily investment results equal to two times the daily performance of the ARK Innovation ETF. It targets this result for one trading day only.

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
  • TARK One ticker for 2x daily ARKK. The fund uses swaps and rebalances daily, targeting double the ARK Innovation ETF's one-day move without a margin account.tradretfs.com
  • The reference asset is a live active portfolio, not an index, so exposure shifts as ARK's managers trade rather than on a reconstitution calendar.tradretfs.com
  • Trading since 2022, it has stayed close to its stated daily 2x target, and the daily rebalance resets exposure each session instead of letting it drift.tradretfs.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.
  • TARK At 1.48% net of a waiver through July 31, 2027 (1.78% gross), it sits above the category median. Index-based 2x funds like QLD (0.89%, net of a waiver through September 30, 2027) and ROM (0.93%) cost less.
  • Leverage resets daily, so a multi-day result compounds off each day's move and can land well off 2x the period change, especially after choppy stretches.tradretfs.com
  • It is a small fund that trades lightly next to the big index-based leveraged ETFs, which can show up as wider spreads at the point of trade.

Full ROM profile⁠

Full TARK profile⁠

ROM vs TARK 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 TARK Cost

Overpaying TARK vs ROM

$8,460

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

  • ROM 0.93%

    $17,539

  • TARK 1.48%

    $25,999

$10,000
30 years

Cost over time

  • ROM 0.93%
  • TARK 1.48%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530TARK $25,999ROM $17,539

Year by year

YearROMTARKOverpaying
10$1,644$2,558$914
20$6,199$9,408$3,209
30$17,539$25,999$8,460

Expense ratio

  • 0.93%ROM, cheaper
  • 1.48%TARK
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

ROM 29th cheapest of 95 funds

TARK 92nd cheapest of 95 funds

ROM vs TARK Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
ROM 0.03%
TARK 35.39%, better
Payout (12M)
ROM $0.04
TARK $14.71
Last payment
ROM $0.02
TARK $14.71
Ex-dividend
ROM Mar 25, 2026
TARK Dec 23, 2025
Paid on
ROM Mar 31, 2026
TARK Dec 26, 2025
Frequency
ROM Quarterly
TARK Annual

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$102017202020232026YTD
TARKAnnual · 2 paymentsAll TARK payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Dec 23, 2024 $0.26; Dec 23, 2025 $14.71. Use the arrow keys to read each point.$0$102017202020232026YTD

ROM vs TARK Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ROM 49.3%, betterTARK 83.9%
Return per unit of riskSharpe ratio, 3 years
ROM 0.97, betterTARK 0.69
Worst fallMax drawdown, 5 years
ROM −67.6%TARK −77.8%since May 2022
Market sensitivityBeta, 5 years
ROM 3.09TARK 5.06

Popular comparisons

  • ROMAvsQLDA

    ProShares Ultra Technology · ProShares Ultra QQQ

    Expense ratio
    0.93% · 0.89%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TARKDvsQLDA

    Tradr 2X Long Innovation ETF · ProShares Ultra QQQ

    Expense ratio
    1.48% · 0.89%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ROMAvsUYGA

    ProShares Ultra Technology · ProShares Ultra Financials

    Expense ratio
    0.93% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TARKDvsUYGA

    Tradr 2X Long Innovation ETF · ProShares Ultra Financials

    Expense ratio
    1.48% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ROMAvsDDMB

    ProShares Ultra Technology · ProShares Ultra Dow30

    Expense ratio
    0.93% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TARKDvsDDMB

    Tradr 2X Long Innovation ETF · ProShares Ultra Dow30

    Expense ratio
    1.48% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.