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ROM vs UST

ProShares Ultra Technology

ROMANYSE Arca

ProShares Ultra 7-10 Year Treasury

USTBNYSE Arca

Overlap

Expense ratio

ROM −0.02pt a year

ROM0.93%UST0.95%

Avg volume · 30D

ROM 5.8×the volume

ROM47.7KUST8.23K

10Y return · a year

ROM +39.0pt

ROM+36.6%UST−2.4%

ROM vs UST Performance

Oct 29, 2021 – Oct 30, 2026

+126.1%ROM−32.1%UST

Oct 29, 2021 to Oct 30, 2026. ROM +126.1%. UST −32.1%. Use the arrow keys to read each point.0%50%200%Oct 2021Apr 2024Oct 2026
Expense ratio
ROM 0.93%, better
UST 0.95%
Fund size
ROM $1.15B
UST $16M
1Y total return
ROM +26.5%, better
UST −6.8%
Yield (12M)
ROM 0.03%
UST 3.49%, better
Holdings
ROM 85
UST 2
Avg volume (30D)
ROM 47.7K sh, better
UST 8.23K sh
NAV per share
ROM $132.18
UST $40.03
52W range

ETF.net Grade

ROM: Cost 70, Risk 56, Mission not scored, Tradability 88, Holdings not scored, Durability 81. UST: Cost 51, Risk 65, Mission not scored, Tradability 68, Holdings 47, Durability 65.
Pillar letters and Scores for ROM, UST, with each pillar’s weight
PillarROMUST
Cost30% weightA70HigherC51
Mission25% weightNot scoredNot scored
Risk15% weightB56B65Higher
Tradability15% weightA88HigherB68
Holdings10% weightNot scoredC47
Durability5% weightA81HigherB65

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 UST 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 UST 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 13BUBTProShares Ultra 20+ Year TreasuryScore 58
  6. Rank 13BUSTProShares Ultra 7-10 Year TreasuryScore 58
  7. Rank 13BUXIProShares Ultra IndustrialsScore 58

Our read on each fund

ETF.net Research

ROMAProShares Ultra Technology

USTBProShares Ultra 7-10 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.

UST While ProShares' leveraged lineup chases tech and semis, UST takes the other side: 2x the daily move of the ICE U.S. Treasury 7-10 Year Bond Index, built with swaps and reset every day. A rate bet, not a stock bet.

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.

UST UST seeks daily investment results before fees and expenses that correspond to twice the daily performance of the ICE U.S. Treasury 7-10 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
  • UST The rate play on a shelf full of equity funds: 2x the daily move of an index of 7-10 year Treasuries. ProShares calls it the only ETF targeting 2x that benchmark.proshares.com
  • Trading since January 2010, so the daily-reset machinery has run through more than a decade of rate cycles. Distributions come quarterly.
  • 0.95% net of a waiver through September 30, 2027 (1.24% gross): near the leveraged-category median, matching DDM's 0.95% and a touch above QLD's 0.89%, also waived to that date.
  • Ranks among the stronger implementations in a crowded leveraged peer group.

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.
  • UST The 2x target resets daily, so over weeks or months the result can diverge from 2x the index move, and choppy markets widen that gap.proshares.com
  • A small, thinly traded corner of the leveraged shelf, so spreads can run wider than on the big 2x equity funds.
  • Exposure comes mainly from index swaps with large financial institutions rather than owning the notes outright, which brings counterparty terms into the picture.sec.gov

Full ROM profile⁠

Full UST profile⁠

ROM vs UST 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 UST Cost

Overpaying UST vs ROM

$330

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

  • ROM 0.93%

    $17,539

  • UST 0.95%

    $17,869

$10,000
30 years

Cost over time

  • ROM 0.93%
  • UST 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$20K051015202530UST $17,869ROM $17,539

Year by year

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

ROM 29th cheapest of 95 funds

UST 32nd cheapest of 95 funds

ROM vs UST Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ROM 0.03%
UST 3.49%, better
Payout (12M)
ROM $0.04
UST $1.40
Last payment
ROM $0.02
UST $0.31
Ex-dividend
ROM Mar 25, 2026
UST Sep 23, 2026
Paid on
ROM Mar 31, 2026
UST Sep 29, 2026
Frequency
ROM Quarterly
UST 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$0.502017202020232026YTD
USTQuarterly · 36 paymentsAll UST payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.06; Jun 21, 2017 $0.13; Sep 27, 2017 $0.13; Dec 26, 2017 $0.17; Mar 21, 2018 $0.16; Jun 20, 2018 $0.19; Sep 26, 2018 $0.26; Dec 26, 2018 $0.35; Mar 20, 2019 $0.29; Jun 25, 2019 $0.17; Sep 25, 2019 $0.15; Dec 24, 2019 $0.28; Mar 25, 2020 $0.11; Jun 24, 2020 $0.11; Sep 23, 2020 $0.09; Dec 23, 2020 $0.08; Mar 23, 2021 $0.05; Jun 22, 2021 $0.07; Sep 22, 2021 $0.02; Dec 23, 2021 $0.04; Dec 22, 2022 $0.22; Mar 22, 2023 $0.20; Jun 21, 2023 $0.60; Sep 20, 2023 $0.39; Dec 20, 2023 $0.40; Mar 20, 2024 $0.43; Jun 26, 2024 $0.38; Sep 25, 2024 $0.29; Dec 23, 2024 $0.59; Mar 26, 2025 $0.31; Jun 25, 2025 $0.30; Sep 24, 2025 $0.40; Dec 24, 2025 $0.57; Mar 25, 2026 $0.19; Jun 24, 2026 $0.32; Sep 23, 2026 $0.31. Use the arrow keys to read each point.$0$0.502017202020232026YTD

ROM vs UST Risk

Fall from peak · 5 years

  • ROM
  • UST
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%UST 13.4%, better
Return per unit of riskSharpe ratio, 3 years
ROM 0.97, betterUST 0.03
Worst fallMax drawdown, 5 years
ROM −67.6%UST −42.3%, better
Market sensitivityBeta, 5 years
ROM 3.09UST 2.32

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