LTL vs. DGS
LTL (ProShares Ultra Telecommunications) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both exchange-traded funds - LTL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Telecommunications Index (200%), while DGS is a Emerging Markets Diversified fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index. Both are passively managed. Over the past 10 years, LTL returned 8.83%/yr vs 10.14%/yr for DGS. At a 0.43 correlation, their price movements are largely independent. LTL charges 0.95%/yr vs 0.58%/yr for DGS.
Performance
LTL vs. DGS - Performance Comparison
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Returns By Period
In the year-to-date period, LTL achieves a -12.79% return, which is significantly lower than DGS's 14.94% return. Over the past 10 years, LTL has underperformed DGS with an annualized return of 8.83%, while DGS has yielded a comparatively higher 10.14% annualized return.
LTL
- 1D
- -1.02%
- 1M
- -9.73%
- YTD
- -12.79%
- 6M
- -10.48%
- 1Y
- 12.42%
- 3Y*
- 34.49%
- 5Y*
- 15.81%
- 10Y*
- 8.83%
DGS
- 1D
- 0.65%
- 1M
- 1.51%
- YTD
- 14.94%
- 6M
- 17.07%
- 1Y
- 25.61%
- 3Y*
- 15.36%
- 5Y*
- 8.06%
- 10Y*
- 10.14%
LTL vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LTL ProShares Ultra Telecommunications | -12.79% | 37.06% | 65.15% | 62.03% | -41.14% | 40.42% | -3.25% | 30.16% | -23.44% | -26.85% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 14.94% | 21.18% | 1.13% | 19.08% | -12.35% | 15.33% | 4.06% | 18.90% | -16.52% | 37.47% |
Correlation
The correlation between LTL and DGS is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 22, 2008 | 0.43 |
The correlation between LTL and DGS has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.
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Return for Risk
LTL vs. DGS — Risk / Return Rank
LTL
DGS
LTL vs. DGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Telecommunications (LTL) and WisdomTree Emerging Markets SmallCap Dividend Fund (DGS). 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.
| LTL | DGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.27 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 2.38 | -1.91 |
| Martin ratioReturn relative to average drawdown | 1.29 | 7.84 | -6.55 |
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Drawdowns
LTL vs. DGS - Drawdown Comparison
The maximum LTL drawdown since its inception was -80.20%, which is greater than DGS's maximum drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for LTL and DGS.
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Drawdown Indicators
| LTL | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.20% | -61.83% | -18.37% |
Max Drawdown (1Y)Largest decline over 1 year | -21.43% | -10.06% | -11.37% |
Max Drawdown (3Y)Largest decline over 3 years | -34.37% | -19.31% | -15.06% |
Max Drawdown (5Y)Largest decline over 5 years | -52.60% | -24.86% | -27.74% |
Max Drawdown (10Y)Largest decline over 10 years | -64.15% | -44.08% | -20.07% |
Current DrawdownCurrent decline from peak | -15.86% | -1.05% | -14.81% |
Average DrawdownAverage peak-to-trough decline | -28.63% | -12.57% | -16.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.69% | 3.05% | +4.64% |
Volatility
LTL vs. DGS - Volatility Comparison
ProShares Ultra Telecommunications (LTL) and WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) have volatilities of 7.29% and 7.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTL | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 7.30% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 19.50% | 14.27% | +5.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.89% | 16.60% | +10.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.58% | 15.08% | +19.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.91% | 17.39% | +19.52% |
LTL vs. DGS - Expense Ratio Comparison
LTL has a 0.95% expense ratio, which is higher than DGS's 0.58% expense ratio.
Dividends
LTL vs. DGS - Dividend Comparison
LTL's dividend yield for the trailing twelve months is around 0.93%, less than DGS's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.20% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
LTL ProShares Ultra Telecommunications | 0.93% | 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 DGS have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGS has higher volatility (7.30%) compared to LTL (7.29%). In terms of maximum drawdown, LTL dropped -80.20% vs DGS's -61.83%.
On 10-year performance, DGS leads with 10.14% vs 8.83% for LTL. On fees, DGS is cheaper at 0.58% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DGS has performed better with a 10.14% return vs 8.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGS is cheaper with a 0.58% expense ratio, compared with 0.95% for LTL.
DGS has the higher dividend yield at 3.20%, compared with 0.93% for LTL.
LTL is categorized as Leveraged Equities, while DGS is Emerging Markets Diversified. LTL tracks Dow Jones U.S. Select Telecommunications Index (200%), while DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.95% for LTL and 0.58% for DGS.
DGS currently has the higher Sharpe Ratio (1.44 vs 0.37), 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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