Skip to content
etf.net

ROM vs UGL

ProShares Ultra Technology

ROMANYSE Arca

ProShares Ultra Gold

UGLCNYSE Arca

Overlap

29.1%by weight

Expense ratio

ROM −0.02pt a year

ROM0.93%UGL0.95%

Avg volume · 30D

UGL 53.8×the volume

ROM47.7KUGL2.56M

10Y return · a year

ROM +22.3pt

ROM+36.6%UGL+14.3%

ROM vs UGL Performance

Oct 29, 2021 – Oct 30, 2026

+126.1%ROM+175.8%UGL

Oct 29, 2021 to Oct 30, 2026. ROM +126.1%. UGL +175.8%. Use the arrow keys to read each point.0%300%400%500%Oct 2021Apr 2024Oct 2026
Expense ratio
ROM 0.93%, better
UGL 0.95%
Fund size
ROM $1.15B
UGL $620M
1Y total return
ROM +26.5%, better
UGL −18.9%
Yield (12M)
ROM 0.03%
UGL No data
Holdings
ROM 85
UGL 1
Avg volume (30D)
ROM 47.7K sh
UGL 2.56M sh, better
NAV per share
ROM $132.18
UGL $39.60
52W range

ETF.net Grade

ROM: Cost 70, Risk 56, Mission not scored, Tradability 88, Holdings not scored, Durability 81. UGL: Cost 51, Risk 40, Mission not scored, Tradability 62, Holdings not scored, Durability 79.
Pillar letters and Scores for ROM, UGL, with each pillar’s weight
PillarROMUGL
Cost30% weightA70HigherC51
Mission25% weightNot scoredNot scored
Risk15% weightB56HigherC40
Tradability15% weightA88HigherB62
Holdings10% weightNot scoredNot scored
Durability5% weightA81HigherA79

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 UGL 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 UGL 25th 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 25CQQUPProShares Ultra QQQ MegaScore 52
  6. Rank 25CUGLProShares Ultra GoldScore 52
  7. Rank 27CUCCProShares Ultra Consumer DiscretionaryScore 50

Our read on each fund

ETF.net Research

ROMAProShares Ultra Technology

UGLCProShares Ultra Gold

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.

UGL A 2x gold trade in ETF clothing: UGL targets twice the daily move of the Bloomberg Gold Subindex using futures and swaps, no bullion in a vault. It has run this playbook since 2008, a long life for a leveraged commodity fund.

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.

UGL UGL seeks to deliver approximately twice the daily performance of the Bloomberg Gold Subindex before fees and expenses. It obtains this exposure through futures and swaps rather than direct ownership of gold.

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
  • UGL Charges 0.95% a year, below the typical leveraged fund's fee, so the cost drag on a levered gold position is a little lighter.
  • Trading since December 2008, it has been through full gold cycles, boom and bust. That is an unusually long run for a leveraged commodity product.
  • Actively traded rather than a forgotten ticker, which matters when your holding period is measured in days.
  • Stands among the stronger implementations in a crowded leveraged-bull field that includes names like UDOW and QLD.

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.
  • UGL The 2x target resets every day. Over longer holds, results can differ from twice the index's move for the period, and choppy gold tape works against you.proshares.com
  • Exposure comes from futures and swaps, not gold sitting in a vault, so contract roll costs and swap counterparties are part of the package.proshares.com
  • Organized as a commodity pool rather than a conventional stock fund, so its structure and tax paperwork differ from an equity ETF's. It is not built to pay income.

Full ROM profile⁠

Full UGL profile⁠

ROM vs UGL Holdings

How ROM and UGL differ

Overlap by weight

29.1%

Shared holdings make up 100% of UGL and 29.1% of ROM.

Level by level

  • Asset classEquity, Commodities0.0%
  • Holdings0 in both29.1%

Sector

No Sector split for UGL.

Country, concentration and asset class

Country by domicile

No country split for UGL.

Concentration

Weight in the 10 largest Holdings

  • ROM70.0%
  • UGL100.0%

Securities held

  • ROM84
  • UGL0

Asset class

ROM
Equity
UGL
Commodities

Holdings

  • Only in ROM84
  • In both0
  • Only in UGL0

Only in ROM

84 securities, 70.9% of ROM by weight

  • Apple Inc9.53%
  • NVIDIA Corp9.38%
  • Microsoft Corp7.34%

Only in UGL

0 securities, 0.0% of UGL by weight

Weight gaps

ROM and UGL share no securities.

All 80 ROM holdings⁠All 5 UGL 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 UGL Cost

Overpaying UGL vs ROM

$330

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

  • ROM 0.93%

    $17,539

  • UGL 0.95%

    $17,869

$10,000
30 years

Cost over time

  • ROM 0.93%
  • UGL 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$20K051015202530UGL $17,869ROM $17,539

Year by year

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

ROM 29th cheapest of 95 funds

UGL 32nd cheapest of 95 funds

ROM vs UGL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ROM 0.03%
UGL No data
Payout (12M)
ROM $0.04
UGL None
Last payment
ROM $0.02
UGL No data
Ex-dividend
ROM Mar 25, 2026
UGL No data
Paid on
ROM Mar 31, 2026
UGL No data
Frequency
ROM Quarterly
UGL No data

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
UGLAll UGL payments⁠

No distribution history available.

ROM vs UGL Risk

Fall from peak · 5 years

  • ROM
  • UGL
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%UGL 38.3%, better
Return per unit of riskSharpe ratio, 3 years
ROM 0.97, betterUGL 0.92
Worst fallMax drawdown, 5 years
ROM −67.6%UGL −53.9%, better
Market sensitivityBeta, 5 years
ROM 3.09UGL 0.57

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.

  • UGLCvsQLDA

    ProShares Ultra Gold · ProShares Ultra QQQ

    Expense ratio
    0.95% · 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.

  • UGLCvsUYGA

    ProShares Ultra Gold · ProShares Ultra Financials

    Expense ratio
    0.95% · 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.

  • UGLCvsDDMB

    ProShares Ultra Gold · ProShares Ultra Dow30

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