- ISIN
- US74347R2638
- CUSIP
- 74347R263
- Issuer
- ProShares
- Inception Date
- Mar 25, 2008
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- Dow Jones U.S. Select Telecommunications Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $7M
Share Price Chart
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Performance
LTL Performance Chart
ProShares Ultra Telecommunications (LTL) is down 19.6% since the beginning of the year. LTL is currently trading at $23 per share. Investors who bought $1,000 worth of LTL shares 5 years ago would now be looking at an investment worth $1,992.
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Returns By Period
ProShares Ultra Telecommunications (LTL) has returned -19.62% so far this year and 2.97% over the past 12 months. Over the last ten years, LTL has returned 7.38% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProShares Ultra Telecommunications
- 1D
- -4.20%
- 1M
- -14.53%
- YTD
- -19.62%
- 6M
- -18.20%
- 1Y
- 2.97%
- 3Y*
- 30.89%
- 5Y*
- 14.78%
- 10Y*
- 7.38%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
LTL Monthly Returns History
Based on dividend-adjusted daily data since May 22, 2008, LTL's average daily return is +0.06%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2020 with a return of +26.1%, while the worst month was Oct 2008 at -37.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.
On a daily basis, LTL closed higher 44% of trading days. The best single day was Oct 13, 2008 with a return of +30.0%, while the worst single day was Nov 20, 2008 at -16.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.94% | -3.74% | -12.00% | 9.85% | -2.05% | -14.34% | -19.62% | ||||||
| 2025 | 11.25% | -1.38% | -10.72% | -4.45% | 11.81% | 14.24% | -2.76% | 6.37% | 13.55% | -6.69% | 0.12% | 4.49% | 37.06% |
| 2024 | 8.63% | 8.10% | 6.00% | -9.98% | 12.97% | 6.21% | -0.54% | 2.44% | 7.17% | 3.30% | 13.03% | -3.64% | 65.15% |
| 2023 | 11.44% | -7.97% | 6.97% | 5.47% | 7.29% | 9.06% | 10.46% | -3.50% | -6.58% | -3.54% | 15.12% | 8.24% | 62.03% |
| 2022 | -12.60% | -2.70% | 1.73% | -20.49% | 4.26% | -11.28% | 8.21% | -6.66% | -18.44% | 15.06% | 6.07% | -7.99% | -41.14% |
| 2021 | 4.29% | -1.22% | 12.77% | 2.50% | 1.61% | 1.36% | 3.47% | 3.98% | -9.07% | 0.68% | -2.32% | 19.04% | 40.42% |
Benchmark Metrics
ProShares Ultra Telecommunications has an annualized alpha of -2.24%, beta of 1.44, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since May 22, 2008.
- This ETF captured 168.47% of S&P 500 Index gains and 163.01% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.47 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -2.24%
- Beta
- 1.44
- R²
- 0.47
- Upside Capture
- 168.47%
- Downside Capture
- 163.01%
Expense Ratio
LTL has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LTL ranks 10 for risk / return — in the bottom 10% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Telecommunications (LTL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LTL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 2.78 | -2.65 |
| Martin ratioReturn relative to average drawdown | 0.37 | 12.44 | -12.07 |
Dividends
Dividend History
ProShares Ultra Telecommunications provided a 1.01% dividend yield over the last twelve months, with an annual payout of $0.23 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.23 | $0.18 | $0.06 | $0.12 | $0.16 | $0.16 | $0.16 | $0.09 | $0.16 | $0.21 | $0.10 | $0.16 |
Dividend yield | 1.01% | 0.64% | 0.29% | 0.97% | 2.01% | 1.14% | 1.57% | 0.83% | 1.99% | 1.96% | 0.70% | 1.55% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra Telecommunications. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.07 | ||||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.18 |
| 2024 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.06 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.12 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra Telecommunications. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Ultra Telecommunications was 80.20%, occurring on Nov 20, 2008. Recovery took 1233 trading sessions.
The current ProShares Ultra Telecommunications drawdown is 22.45%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -80.20%Nov 2008 | 5mo 17d | 4y 11mo | 5y 4moJun 2008 - Oct 2013 |
COVID crash2020 | -64.15%Mar 2020 | 3y 2mo | 3y 10mo | 7y 28dJan 2017 - Feb 2024 |
2016 bear market2016 | -39.07%Jan 2016 | 9mo 18d | 3mo 1d | 1y 14dApr 2015 - Apr 2016 |
2025 selloff2025 | -34.37%Apr 2025 | 1mo 19d | 2mo 23d | 4mo 12dFeb 2025 - Jun 2025 |
2016 bear market2016 | -28.22%Nov 2016 | 3mo 21d | 1mo 17d | 5mo 8dJul 2016 - Dec 2016 |
Drawdown Indicators
| LTL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.20% | -56.78% | -23.42% |
Max Drawdown (1Y)Largest decline over 1 year | -22.45% | -9.10% | -13.35% |
Max Drawdown (3Y)Largest decline over 3 years | -34.37% | -18.90% | -15.47% |
Max Drawdown (5Y)Largest decline over 5 years | -52.60% | -25.43% | -27.17% |
Max Drawdown (10Y)Largest decline over 10 years | -64.15% | -33.92% | -30.23% |
Current DrawdownCurrent decline from peak | -22.45% | -1.80% | -20.65% |
Average DrawdownAverage peak-to-trough decline | -28.62% | -10.71% | -17.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.11% | 2.03% | +6.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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