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LTL vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LTL vs. DGRO

Last updated Aug 2, 2026
Documentation

LTL (ProShares Ultra Telecommunications) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - LTL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Telecommunications Index (200%), while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 10 years, LTL returned 6.41%/yr vs 13.44%/yr for DGRO. Their 0.54 correlation means they have sometimes moved together and sometimes differently. LTL charges 0.95%/yr vs 0.08%/yr for DGRO.

Performance

LTL vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Telecommunications (LTL) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LTL achieves a -18.73% return, which is significantly lower than DGRO's 13.39% return. Over the past 10 years, LTL has underperformed DGRO with an annualized return of 6.41%, while DGRO has yielded a comparatively higher 13.44% annualized return.

LTL

1D
3.03%
1M
-3.61%
6M
-21.05%
YTD
-18.73%
1Y
-1.62%
3Y*
25.79%
5Y*
14.19%
10Y*
6.41%
ALL TIME*
5.81%

DGRO

1D
-0.28%
1M
0.97%
6M
9.59%
YTD
13.39%
1Y
24.21%
3Y*
16.30%
5Y*
11.08%
10Y*
13.44%
ALL TIME*
12.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DGRO

iShares Core Dividend Growth ETF
$103.52M$104.25M$110.17M

LTL

ProShares Ultra Telecommunications
$123.54K$121.65K$82.18K

LTL vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LTL
ProShares Ultra Telecommunications		-18.73%37.06%65.15%62.03%-41.14%40.42%-3.25%30.16%-23.44%-26.85%
DGRO
iShares Core Dividend Growth ETF		13.39%15.69%16.62%10.47%-7.91%26.64%9.50%29.87%-2.38%23.00%

Correlation

The correlation between LTL and DGRO is 0.47, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.47

Correlation (3Y)
Balances recent behavior with more history.

0.54

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.66

Correlation (10Y)
Provides a long-term view across more market conditions.

0.61

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2014

0.54

The correlation between LTL and DGRO shifts across timeframes, from 0.47 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

LTL vs. DGRO - Sectors Allocation Comparison

Sectors
LTL
DGRO

Communication Services

56.2%
0.1%

Technology

6.5%
17.3%

Basic Materials

-

2.5%

Consumer Cyclical

-

6.5%

Consumer Defensive

-

11.9%

Energy

-

4.8%

Financial Services

-

20.4%

Healthcare

-

17.9%

Industrials

-

11.3%

Real Estate

-

-

Utilities

-

7.3%

Communication Services

LTL
56.2%
DGRO
0.1%

Technology

LTL
6.5%
DGRO
17.3%

Basic Materials

LTL

-

DGRO
2.5%

Consumer Cyclical

LTL

-

DGRO
6.5%

Consumer Defensive

LTL

-

DGRO
11.9%

Energy

LTL

-

DGRO
4.8%

Financial Services

LTL

-

DGRO
20.4%

Healthcare

LTL

-

DGRO
17.9%

Industrials

LTL

-

DGRO
11.3%

Real Estate

LTL

-

DGRO

-

Utilities

LTL

-

DGRO
7.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Ultra Telecommunications

iShares Core Dividend Growth ETF

Often compared with LTL:
LTL vs. XLCLTL vs. WDAYLTL vs. SSOLTL vs. LITPLTL vs. BRK-BLTL vs. XLKLTL vs. TQQQ
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

LTL vs. DGRO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
LTL
LTL Risk / Return Rank: 99
Overall Rank
LTL Sharpe Ratio Rank: 99
Sharpe Ratio Rank
LTL Sortino Ratio Rank: 99
Sortino Ratio Rank
LTL Omega Ratio Rank: 99
Omega Ratio Rank
LTL Calmar Ratio Rank: 99
Calmar Ratio Rank
LTL Martin Ratio Rank: 88
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 9191
Overall Rank
DGRO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 9393
Sortino Ratio Rank
DGRO Omega Ratio Rank: 9292
Omega Ratio Rank
DGRO Calmar Ratio Rank: 8888
Calmar Ratio Rank
DGRO Martin Ratio Rank: 9090
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LTL vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Telecommunications (LTL) and iShares Core Dividend Growth ETF (DGRO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

LTLDGRODifference
Sharpe ratioReturn per unit of total volatility
-0.14
2.44

-2.58

Sortino ratioReturn per unit of downside risk
0.01
3.55

-3.55

Omega ratioGain probability vs. loss probability

1.00

1.45

-0.45

Calmar ratioReturn relative to maximum drawdown

-0.17

3.61

-3.77

Martin ratioReturn relative to average drawdown

-0.40

14.07

-14.47

LTL vs. DGRO - Sharpe Ratio Comparison

The current LTL Sharpe Ratio is -0.14, which is lower than the DGRO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of LTL and DGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

LTL vs. DGRO - Drawdown Comparison

The maximum LTL drawdown since its inception was -80.20%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for LTL and DGRO.

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Drawdown Indicators

LTLDGRODifference

Max Drawdown

Largest peak-to-trough decline

-80.20%

-35.10%

-45.10%

Max Drawdown (1Y)

Largest decline over 1 year

-25.25%

-6.47%

-18.78%

Max Drawdown (3Y)

Largest decline over 3 years

-34.37%

-14.03%

-20.34%

Max Drawdown (5Y)

Largest decline over 5 years

-52.60%

-19.31%

-33.29%

Max Drawdown (10Y)

Largest decline over 10 years

-64.15%

-35.10%

-29.05%

Current Drawdown

Current decline from peak

-21.59%

-1.35%

-20.24%

Average Drawdown

Average peak-to-trough decline

-28.56%

-3.41%

-25.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.42%

1.66%

+8.76%

Volatility

LTL vs. DGRO - Volatility Comparison

ProShares Ultra Telecommunications (LTL) has a higher volatility of 13.00% compared to iShares Core Dividend Growth ETF (DGRO) at 3.21%. This indicates that LTL's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LTLDGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.00%

3.21%

+9.79%

Volatility (6M)

Calculated over the trailing 6-month period

23.65%

7.12%

+16.53%

Volatility (1Y)

Calculated over the trailing 1-year period

29.78%

9.61%

+20.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.15%

13.79%

+21.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.01%

16.58%

+20.43%

LTL vs. DGRO - Expense Ratio Comparison

LTL has a 0.95% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

LTL vs. DGRO - Dividend Comparison

LTL's dividend yield for the trailing twelve months is around 1.06%, less than DGRO's 1.89% yield.

PositionTTM20252024202320222021202020192018201720162015
DGRO
iShares Core Dividend Growth ETF		1.89%2.09%2.26%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%
LTL
ProShares Ultra Telecommunications		1.06%0.64%0.29%0.97%2.01%1.14%1.57%0.83%1.99%1.96%0.70%1.55%

Frequently Asked Questions

LTL and DGRO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LTL has higher volatility (13.00%) compared to DGRO (3.21%). In terms of maximum drawdown, LTL dropped -80.20% vs DGRO's -35.10%.

On 10-year performance, DGRO leads with 13.44% vs 6.41% for LTL. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DGRO has performed better with a 13.44% return vs 6.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DGRO is cheaper with a 0.08% expense ratio, compared with 0.95% for LTL.

DGRO has the higher dividend yield at 1.89%, compared with 1.06% for LTL.

LTL is categorized as Leveraged Equities, while DGRO is Large Cap Growth Equities. LTL tracks Dow Jones U.S. Select Telecommunications Index (200%), while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for LTL and 0.08% for DGRO.

DGRO currently has the higher Sharpe Ratio (2.44 vs -0.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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