ROM
ROM (Global X Russell 2000 Covered Call ETF) is an exchange-traded fund (ETF) managed by Global X. It seeks to provide investment results that correspond to the performance of the CBOE Russell 2000 BuyWrite Index. The fund primarily invests in small-cap stocks in the Russell 2000 Index and employs a covered call strategy to generate income.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Oct 8, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
14.48%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
20.00%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
31.27%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
55.29%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
1.64
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
2.90
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Boost Performance NowFrequently Asked Questions
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Similar ETFs to ROM include: XYLD (Global X S&P 500 Covered Call ETF), which tracks the CBOE S&P 500 BuyWrite Index, focusing on large-cap stocks and a covered call strategy; CWB (Invesco BuyWrite ETF), which seeks to replicate the performance of the CBOE S&P 500 BuyWrite Index with a covered call strategy; and BXY (Global X NASDAQ 100 Covered Call ETF), which tracks the CBOE NASDAQ-100 BuyWrite Index, focusing on NASDAQ-100 stocks with a covered call strategy.
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ROM typically distributes dividends on a monthly basis. These dividends come from the income generated by the covered call strategy and any income from the underlying stocks.
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ROM adjusts its holdings and covered call positions to reflect changes in the CBOE Russell 2000 BuyWrite Index. The ETF rebalances periodically to ensure alignment with the index’s performance and strategy.
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Key performance metrics for ROM include its net asset value (NAV), dividend yield, expense ratio, total return, and tracking error. NAV reflects the per-share value of the ETF, the dividend yield shows income relative to the share price, the expense ratio indicates management fees, total return includes income and capital gains, and tracking error measures how closely the fund tracks its index.
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ROM’s covered call strategy involves holding the underlying stocks in the Russell 2000 Index and selling call options on these stocks. This strategy aims to generate additional income from the premiums received for the call options, which can provide higher yields but may limit potential gains if the underlying stocks rise significantly.
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Investors can purchase shares of ROM through a brokerage account. It is traded on major stock exchanges under the ticker symbol "ROM" and can be bought and sold like other stocks and ETFs.
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Historical performance data for ROM includes past returns, NAV, and dividend yields. This data provides insights into how well the ETF has performed relative to its index and the income it has generated over time.
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ROM is managed by Global X and focuses on investing in stocks that are part of the Russell 2000 Index, a benchmark for small-cap stocks. The fund utilizes a covered call strategy, where it sells call options on the underlying stocks to generate additional income from option premiums while holding the stocks.
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ROM has an expense ratio of approximately 0.60%. This fee covers the costs of managing and operating the fund, including portfolio management and administrative expenses.
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Risks include potential underperformance relative to the Russell 2000 Index due to the covered call strategy, which may limit upside potential. Additionally, the performance of ROM is influenced by the volatility of small-cap stocks and market conditions affecting the pricing of call options.
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IWM is an exchange-traded fund (ETF) that seeks to track the performance of the Russell 2000 Index. The Russell 2000 Index measures the performance of the 2,000 smallest stocks in the Russell 3000 Index, representing a broad segment of small-cap U.S. companies.
Disclaimers
The information displayed on this site is sourced from third-party providers and is believed to be reliable. OHLCX has not independently verified this data and does not guarantee its accuracy. Content is for educational and informational purposes only and is not financial or investment advice.
With any investment, your capital is at risk. Past performance is no guarantee of future results. Consult your provider's terms and privacy policies where applicable.
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Securities products are: Not FDIC insured · Not bank guaranteed · May lose value
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