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ROM vs UBT

ProShares Ultra Technology

ROMANYSE Arca

ProShares Ultra 20+ Year Treasury

UBTBNYSE Arca

Overlap

Expense ratio

ROM −0.02pt a year

ROM0.93%UBT0.95%

Avg volume · 30D

UBT 1.7×the volume

ROM47.7KUBT81.9K

10Y return · a year

ROM +45.3pt

ROM+36.6%UBT−8.7%

ROM vs UBT Performance

Oct 29, 2021 – Oct 30, 2026

+126.1%ROM−69.1%UBT

Oct 29, 2021 to Oct 30, 2026. ROM +126.1%. UBT −69.1%. Use the arrow keys to read each point.0%50%200%Oct 2021Apr 2024Oct 2026
Expense ratio
ROM 0.93%, better
UBT 0.95%
Fund size
ROM $1.15B
UBT $68M
1Y total return
ROM +26.5%, better
UBT −14.5%
Yield (12M)
ROM 0.03%
UBT 3.27%, better
Holdings
ROM 85
UBT 3
Avg volume (30D)
ROM 47.7K sh
UBT 81.9K sh, better
NAV per share
ROM $132.18
UBT $14.69
52W range

ETF.net Grade

ROM: Cost 70, Risk 56, Mission not scored, Tradability 88, Holdings not scored, Durability 81. UBT: Cost 51, Risk 55, Mission not scored, Tradability 71, Holdings 38, Durability 73.
Pillar letters and Scores for ROM, UBT, with each pillar’s weight
PillarROMUBT
Cost30% weightA70HigherC51
Mission25% weightNot scoredNot scored
Risk15% weightB56HigherB55
Tradability15% weightA88HigherA71
Holdings10% weightNot scoredD38
Durability5% weightA81HigherA73

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 UBT 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 UBT 13th 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 12BUGEProShares Ultra Consumer StaplesScore 60
  6. Rank 13BUBTProShares Ultra 20+ Year TreasuryScore 58
  7. Rank 13BUSTProShares Ultra 7-10 Year TreasuryScore 58

Our read on each fund

ETF.net Research

ROMAProShares Ultra Technology

UBTBProShares Ultra 20+ Year Treasury

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.

UBT The leveraged bull aisle is wall-to-wall stock funds. UBT is the duration trade: 2x the daily move of the ICE U.S. Treasury 20+ Year Bond Index, and ProShares calls it the only ETF targeting that exact 2x.

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.

UBT The Fund seeks daily investment results, before fees and expenses, that correspond to two times the daily performance of the ICE U.S. Treasury 20+ Year Bond 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
  • UBT A one-off by its issuer's account: ProShares states UBT is the only ETF targeting 2x the daily return of the ICE U.S. Treasury 20+ Year Bond Index.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (0.98% gross), near the category median and level with stablemate DDM at 0.95%.
  • Trading since January 2010, through zero-rate years and the rate spike that followed. Among the more solid builds in a crowded leveraged-long field.
  • 2x is the gentler dial on long-Treasury leverage; the same index is also tracked at 3x daily by a competing fund, where compounding bites harder.direxion.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.
  • UBT The 2x target resets every day, so results over weeks or months depend on the path the index took, not just where it ended. Choppy stretches work against you.proshares.com
  • Bonds maturing in 20+ years are the most rate-sensitive corner of the Treasury curve. Doubling that daily move magnifies both directions.
  • Moderately traded next to the leveraged equity heavyweights, so spreads and order type matter more here than in the category's busiest names.

Full ROM profile⁠

Full UBT profile⁠

ROM vs UBT 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 UBT Cost

Overpaying UBT vs ROM

$330

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

  • ROM 0.93%

    $17,539

  • UBT 0.95%

    $17,869

$10,000
30 years

Cost over time

  • ROM 0.93%
  • UBT 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$20K051015202530UBT $17,869ROM $17,539

Year by year

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

ROM 29th cheapest of 95 funds

UBT 32nd cheapest of 95 funds

ROM vs UBT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ROM 0.03%
UBT 3.27%, better
Payout (12M)
ROM $0.04
UBT $0.48
Last payment
ROM $0.02
UBT $0.11
Ex-dividend
ROM Mar 25, 2026
UBT Sep 23, 2026
Paid on
ROM Mar 31, 2026
UBT Sep 29, 2026
Frequency
ROM Quarterly
UBT 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$0.252017202020232026YTD
UBTQuarterly · 29 paymentsAll UBT payments⁠
One bar per payment. 29 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.17; Jun 21, 2017 $0.12; Sep 27, 2017 $0.13; Dec 26, 2017 $0.15; Mar 21, 2018 $0.11; Jun 20, 2018 $0.18; Sep 26, 2018 $0.14; Dec 26, 2018 $0.17; Mar 20, 2019 $0.13; Jun 25, 2019 $0.24; Sep 25, 2019 $0.12; Dec 24, 2019 $0.23; Mar 25, 2020 $0.16; Dec 22, 2022 $0.07; Mar 22, 2023 $0.14; Jun 21, 2023 $0.24; Sep 20, 2023 $0.20; Dec 20, 2023 $0.22; Mar 20, 2024 $0.15; Jun 26, 2024 $0.21; Sep 25, 2024 $0.19; Dec 23, 2024 $0.21; Mar 26, 2025 $0.14; Jun 25, 2025 $0.20; Sep 24, 2025 $0.19; Dec 24, 2025 $0.17; Mar 25, 2026 $0.07; Jun 24, 2026 $0.12; Sep 23, 2026 $0.11. Use the arrow keys to read each point.$0$0.252017202020232026YTD

ROM vs UBT Risk

Fall from peak · 5 years

  • ROM
  • UBT
Oct 29, 2021 to Oct 30, 2026. Worst fall: UBT −74.8% · Oct 2026. 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%UBT 26.7%, better
Return per unit of riskSharpe ratio, 3 years
ROM 0.97, betterUBT −0.02
Worst fallMax drawdown, 5 years
ROM −67.6%, betterUBT −74.8%
Market sensitivityBeta, 5 years
ROM 3.09UBT 4.79

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