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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares Ultra Telecommunications, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
ProShares Ultra Telecommunications (LTL) has returned -12.80% so far this year and 22.03% over the past 12 months. Over the last ten years, LTL has returned 9.01% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
ProShares Ultra Telecommunications
- 1D
- 5.34%
- 1M
- -12.00%
- YTD
- -12.80%
- 6M
- -14.87%
- 1Y
- 22.03%
- 3Y*
- 42.86%
- 5Y*
- 17.66%
- 10Y*
- 9.01%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since May 22, 2008, LTL's average daily return is +0.06%, while the average monthly return is +1.01%. At this rate, your investment would double in approximately 5.7 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% | -12.80% | |||||||||
| 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 -0.78%, beta of 1.44, and R² of 0.47 versus S&P 500 Index. Calculated based on daily prices since May 23, 2008.
- This ETF captured 173.12% of S&P 500 Index gains and 160.76% 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
- -0.78%
- Beta
- 1.44
- R²
- 0.47
- Upside Capture
- 173.12%
- Downside Capture
- 160.76%
Expense Ratio
LTL has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LTL ranks 36 for risk / return — below 36% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Telecommunications (LTL) and compare them to a chosen benchmark (S&P 500 Index).
| LTL | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 0.90 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.09 | 1.39 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.40 | -0.31 |
Martin ratioReturn relative to average drawdown | 3.33 | 6.61 | -3.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore LTL risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
ProShares Ultra Telecommunications provided a 0.93% 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 | 0.93% | 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 | $0.07 | |||||||||
| 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 15.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -80.2% | Jun 6, 2008 | 118 | Nov 20, 2008 | 1233 | Oct 17, 2013 | 1351 |
| -64.15% | Jan 6, 2017 | 807 | Mar 23, 2020 | 973 | Feb 2, 2024 | 1780 |
| -39.07% | Apr 7, 2015 | 200 | Jan 20, 2016 | 63 | Apr 20, 2016 | 263 |
| -34.37% | Feb 18, 2025 | 36 | Apr 8, 2025 | 56 | Jun 30, 2025 | 92 |
| -28.22% | Jul 15, 2016 | 79 | Nov 3, 2016 | 32 | Dec 20, 2016 | 111 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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