ROM vs TECL: which held to its multiple?
Over three months against its own daily promise, ROM finished 1.6 points short and TECL 2.5 points short. ProShares Ultra Technology and Direxion Daily Technology Bull 3X ETF.
ROM returned +8.0% while 2 times XLK's move would have been +11.2%
TECL returned +9.3% while 3 times XLK's move would have been +16.7%
A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | ROM | TECL | ROM | TECL | ROM | TECL |
| 1 month | +9.7% | +14.5% | +10.2% | +15.2% | −0.4 pts | −0.7 pts |
| 3 months | +8.0% | +9.3% | +11.2% | +16.7% | −3.2 pts | −7.4 pts |
| 6 months | +97.0% | +158.2% | +90.9% | +136.3% | +6.1 pts | +21.9 pts |
| 1 year | +71.9% | +99.3% | +79.2% | +118.8% | −7.3 pts | −19.5 pts |
| 3 years | +308.5% | +480.5% | not meaningful | not meaningful | not meaningful | not meaningful |
| Since launch ROM Jan 2010 · TECL Jan 2010 | +9405.0% | +28802.2% | not meaningful | not meaningful | not meaningful | not meaningful |
ROM and TECL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
ROM and TECL on the same fields, as of Sep 30, 2026. Source: ETFIQ.
ROM in plain words
Three months to Sep 30, 2026: ROM returned +8.0% where its own daily promise gave +9.6%, 1.6 points short. Read the multiple against the whole window instead and 2 times XLK's 5.6% implies +11.2%, which makes ROM look 3.2 points short. 1.6 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. ROM aims to return +2 times XLK's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. XLK moved at 26% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
TECL in plain words
Three months to Sep 30, 2026: TECL returned +9.3% where its own daily promise gave +11.8%, 2.5 points short. Read the multiple against the whole window instead and 3 times XLK's 5.6% implies +16.7%, which makes TECL look 7.4 points short. 4.9 of that is daily compounding, which happens to any 3 times fund over the same path, and the rest is the fund. TECL aims to return +3 times XLK's move each day, then resets. Over longer, the daily results compound, so the total is not +3 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, ROM or TECL?
- Over the window to Sep 30, 2026, ROM finished 3.2 points from what its multiple implies and TECL finished 7.4 points from its own, so ROM came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are ROM and TECL levered on the same thing?
- Yes. Both are levered on technology, ROM at +2 times and TECL at +3 times the daily move.
- Which one decays faster, ROM or TECL?
- Decay follows how much the underlying moves about. Over this window ROM’s moved at 26% annualized and TECL’s at 26%, so ROM has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold ROM or TECL for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, ROM against TECL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/rom-vs-tecl
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, ROM against TECL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/rom-vs-tecl Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, ROM against TECL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/rom-vs-tecl
- APA
- ETFIQ. (Sep 30, 2026). ROM against TECL. Retrieved from https://etfiq.com/compare/leverage/rom-vs-tecl
- Markdown
- [ROM against TECL (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/rom-vs-tecl)