ROM, NYSE

ProShares Ultra Technology (ROM)

Price (as of September 12)

31.98USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

CLDS

Direxion Daily Cloud Computing Bear 2X Shares

-0.85

SRTY

ProShares UltraPro Short Russell2000

-0.76

DISV

Dimensional International Small Cap Value ETF

-0.24

DBND

DoubleLine Opportunistic Bond ETF

-0.23

DIHP

Dimensional International High Profitability ETF

-0.21

CLRG

IQ Chaikin U.S. Large Cap ETF

-0.17

GRNR

Global X Green Building ETF

-0.17

INQQ

India Internet & Ecommerce ETF

-0.16

DURA

VanEck Morningstar Durable Dividend ETF

-0.14

BOAT

SonicShares Global Shipping ETF

-0.14

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Highest within Industry

Symbol Correlation

TECL

Direxion Daily Technology Bull 3X Shares

0.99

VGT

Vanguard Information Technology Index Fund

0.99

TQQQ

ProShares UltraPro QQQ

0.98

QLD

ProShares Ultra QQQ

0.97

SPXL

Direxion Daily S&P500 Bull 3X Shares

0.9

UPRO

ProShares UltraPro S&P500

0.9

FNGU

MicroSectors FANG+ Index 3X Leveraged ETN

0.9

SPY

SPDR S&P 500 ETF Trust

0.9

USD

ProShares Ultra Semiconductors

0.89

SOXL

Direxion Daily Semiconductor Bull 3X Shares

0.89

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Profile

Sector:
Trading--leveraged Equity
Industry:
Exchange Traded Funds

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund’s investment objective. The index is designed to measure the stock performance of U.S. companies in the technology industry. Component companies include, among others, those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services. The fund is non-diversified.