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ROM vs XPP

ProShares Ultra Technology

ROMANYSE Arca

ProShares Ultra FTSE China 50

XPPCNYSE Arca

Overlap

Expense ratio

ROM −0.02pt a year

ROM0.93%XPP0.95%

Avg volume · 30D

ROM 15.2×the volume

ROM47.7KXPP3.14K

10Y return · a year

ROM +45.1pt

ROM+36.6%XPP−8.5%

ROM vs XPP Performance

Oct 29, 2021 – Oct 30, 2026

+126.1%ROM−62.0%XPP

Oct 29, 2021 to Oct 30, 2026. ROM +126.1%. XPP −62.0%. Use the arrow keys to read each point.0%50%200%Oct 2021Apr 2024Oct 2026
Expense ratio
ROM 0.93%, better
XPP 0.95%
Fund size
ROM $1.15B
XPP $7M
1Y total return
ROM +26.5%, better
XPP −34.4%
Yield (12M)
ROM 0.03%
XPP 3.23%, better
Holdings
ROM 85
XPP 2
Avg volume (30D)
ROM 47.7K sh, better
XPP 3.14K sh
NAV per share
ROM $132.18
XPP $17.93
52W range

ETF.net Grade

ROM: Cost 70, Risk 56, Mission not scored, Tradability 88, Holdings not scored, Durability 81. XPP: Cost 51, Risk 36, Mission not scored, Tradability 43, Holdings not scored, Durability 61.
Pillar letters and Scores for ROM, XPP, with each pillar’s weight
PillarROMXPP
Cost30% weightA70HigherC51
Mission25% weightNot scoredNot scored
Risk15% weightB56HigherD36
Tradability15% weightA88HigherC43
Holdings10% weightNot scoredNot scored
Durability5% weightA81HigherB61

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 XPP 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 XPP 32nd 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 30CWXETTeucrium 2x Daily Wheat ETFScore 48
  6. Rank 32CXPPProShares Ultra FTSE China 50Score 46
  7. Rank 33CAIBUDirexion Daily AI and Big Data Bull 2X ETFScore 45

Our read on each fund

ETF.net Research

ROMAProShares Ultra Technology

XPPCProShares Ultra FTSE China 50

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.

XPP The 2x dial on China's Hong Kong blue chips: the 50 biggest HK-listed Chinese names, doubled daily. ProShares calls it the only ETF targeting 2x that index. Fee is 0.95% net of a waiver through September 30, 2027.

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.

XPP The fund seeks daily results, before fees and expenses, equal to two times the daily performance of the FTSE China 50 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
  • XPP ProShares calls it the only ETF targeting 2x the daily return of the FTSE China 50, bought and sold like any stock in a brokerage account.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.49% gross), near the category norm. QLD runs 0.89% net of a waiver through the same date; DDM also charges 0.95%.
  • Rules-based underneath: the 50 largest, most liquid Hong Kong listed Chinese companies (H Shares, Red Chips, P Chips), cap weighted with limits, reviewed quarterly.proshares.com
  • Live since 2009, a long run for a leveraged fund, and it sits in the upper half of a crowded leveraged long field.

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.
  • XPP Leverage resets daily. Over longer holds the path matters as much as the direction, and choppy markets can leave results short of 2x the index move.proshares.com
  • Small by assets and lightly traded, so bid-ask spreads and trade timing matter more here than with the headline leveraged names.
  • Concentrated by design: the prospectus flags banks industry risk, Chinese investments risk (government control of markets, trading suspensions) and non-diversification.proshares.com

Full ROM profile⁠

Full XPP profile⁠

ROM vs XPP 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 XPP Cost

Overpaying XPP vs ROM

$330

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

  • ROM 0.93%

    $17,539

  • XPP 0.95%

    $17,869

$10,000
30 years

Cost over time

  • ROM 0.93%
  • XPP 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$20K051015202530XPP $17,869ROM $17,539

Year by year

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

ROM 29th cheapest of 95 funds

XPP 32nd cheapest of 95 funds

ROM vs XPP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ROM 0.03%
XPP 3.23%, better
Payout (12M)
ROM $0.04
XPP $0.58
Last payment
ROM $0.02
XPP $0.16
Ex-dividend
ROM Mar 25, 2026
XPP Sep 23, 2026
Paid on
ROM Mar 31, 2026
XPP Sep 29, 2026
Frequency
ROM Quarterly
XPP 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$2.502017202020232026YTD
XPPQuarterly · 20 paymentsAll XPP payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.83; Mar 20, 2019 $0.09; Jun 25, 2019 $0.16; Sep 25, 2019 $2.18; Dec 24, 2019 $0.15; Mar 22, 2023 $0.02; Jun 21, 2023 $0.11; Sep 20, 2023 $0.15; Dec 20, 2023 $0.11; Mar 20, 2024 $0.05; Jun 26, 2024 $0.08; Sep 25, 2024 $0.18; Dec 23, 2024 $0.24; Mar 26, 2025 $0.16; Jun 25, 2025 $0.16; Sep 24, 2025 $0.12; Dec 24, 2025 $0.18; Mar 25, 2026 $0.11; Jun 24, 2026 $0.13; Sep 23, 2026 $0.16. Use the arrow keys to read each point.$0$2.502017202020232026YTD

ROM vs XPP Risk

Fall from peak · 5 years

  • ROM
  • XPP
Oct 29, 2021 to Oct 30, 2026. Worst fall: XPP −80.4% · Jan 2024. 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%XPP 44.1%, better
Return per unit of riskSharpe ratio, 3 years
ROM 0.97, betterXPP 0.28
Worst fallMax drawdown, 5 years
ROM −67.6%, betterXPP −80.4%
Market sensitivityBeta, 5 years
ROM 3.09XPP 0.62

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