ROM vs XLKX: which held to its multiple?

Over the days both have traded, ROM finished 3.2 points from its stated multiple and XLKX 4.1. ProShares Ultra Technology and Corgi U.S. Technology 2x Daily ETF.

+8.0%
ROM returned, 3 months
+7.0%
XLKX returned, 3 months
−3.2 pts
ROM from its stated multiple
−4.1 pts
XLKX from its stated multiple
ROM · 3 months to Sep 30, 20263.2 pts short of its stated multiple
3.2 pts short of its stated multipleROM returned +8.0% while 2 times XLK's move would have been +11.2%XLK +5.6% ×2 implies+11.2%ROM returned+8.0%3.2 pts short of its stated multipleROM returned +8.0% while 2 times XLK's move would have been +11.2%XLK +5.6% ×2 implies+11.2%ROM returned+8.0%

ROM returned +8.0% while 2 times XLK's move would have been +11.2%

XLKX · 3 months to Sep 30, 20264.1 pts short of its stated multiple
4.1 pts short of its stated multipleXLKX returned +7.0% while 2 times XLK's move would have been +11.2%XLK +5.6% ×2 implies+11.2%XLKX returned+7.0%4.1 pts short of its stated multipleXLKX returned +7.0% while 2 times XLK's move would have been +11.2%XLK +5.6% ×2 implies+11.2%XLKX returned+7.0%

XLKX returned +7.0% while 2 times XLK's move would have been +11.2%

ETFIQ Decay Resistance Score · ROM scores higherDid it keep up with its own daily multiple, compounded day by day?
0.1, the lowest in this set99.9, the highest

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 returnMultiple would giveDifference
WindowROMXLKXROMXLKXROMXLKX
1 month+9.7%+9.5%+10.2%+10.2%−0.4 pts−0.6 pts
3 months+8.0%+7.0%+11.2%+11.2%−3.2 pts−4.1 pts
6 months+97.0%not published+90.9%not published+6.1 ptsnot published
1 year+71.9%not published+79.2%not published−7.3 ptsnot published
3 years+308.5%not publishednot meaningfulnot publishednot meaningfulnot published
Since launch
ROM Jan 2010 · XLKX Jun 2026
+9405.0%−6.2%not meaningful0.0%not meaningful−6.2 pts

ROM and XLKX 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
ProShares Ultra Technology · Aims to return twice the daily move of technology (XLK)
XLKX
Corgi U.S. Technology 2x Daily ETF · Aims to return twice the daily move of technology (XLK)
Issuer ProShares Corgi
Sets out to return +2x +2x
Underlying asset XLK XLK
Segment sector sector
Fund returned, 3 months or since launch +8.0% +7.0%
Underlying returned, over that window +5.6% +5.6%
What the stated multiple implies, over that window +11.2% +11.2%
Difference from stated, over that window −3.2 pts −4.1 pts
Fund returned, 1 year or since launch +71.9% −6.2%
Difference from stated, over that window −7.3 pts −6.2 pts
Underlying volatility 26% 26%
Difference over the days both have traded −3.2 pts −4.1 pts
Expense ratio 0.93% 0.45%
Launched Jan 4, 2010 Jun 3, 2026
Net assets $1.4bn $344,218

ROM and XLKX 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.

XLKX in plain words

Three months to Sep 30, 2026: XLKX returned +7.0% where its own daily promise gave +9.6%, 2.5 points short. Read the multiple against the whole window instead and 2 times XLK's 5.6% implies +11.2%, which makes XLKX look 4.1 points short. XLKX aims to return +2 times XLK's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, ROM or XLKX?
Over the window to Sep 30, 2026, ROM finished 3.2 points from what its multiple implies and XLKX finished 4.1 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 XLKX levered on the same thing?
Yes. Both are levered on technology, ROM at +2 times and XLKX at +2 times the daily move.
Which one decays faster, ROM or XLKX?
Decay follows how much the underlying moves about. Over this window ROM’s moved at 26% annualized and XLKX’s at 26%, so ROM has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold ROM or XLKX 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.
Which is cheaper, ROM or XLKX?
ROM charges 0.93% a year and XLKX charges 0.45%, so XLKX is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, ROM against XLKX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/rom-vs-xlkx

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.