LTL vs. SSO
Compare and contrast key facts about ProShares Ultra Telecommunications (LTL) and ProShares Ultra S&P 500 (SSO).
LTL and SSO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LTL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Select Telecommunications Index (200%). It was launched on Mar 25, 2008. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (200%). It was launched on Jun 21, 2006. Both LTL and SSO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LTL or SSO.
Performance
LTL vs. SSO - Performance Comparison
Returns By Period
In the year-to-date period, LTL achieves a 60.97% return, which is significantly higher than SSO's 43.76% return. Over the past 10 years, LTL has underperformed SSO with an annualized return of 8.26%, while SSO has yielded a comparatively higher 19.91% annualized return.
LTL
60.97%
8.19%
28.66%
72.06%
16.47%
8.26%
SSO
43.76%
0.48%
18.81%
60.14%
21.93%
19.91%
Key characteristics
| LTL | SSO | |
|---|---|---|
| Sharpe Ratio | 2.48 | 2.48 |
| Sortino Ratio | 3.01 | 3.07 |
| Omega Ratio | 1.41 | 1.42 |
| Calmar Ratio | 3.03 | 2.93 |
| Martin Ratio | 18.26 | 15.24 |
| Ulcer Index | 4.01% | 3.97% |
| Daily Std Dev | 29.50% | 24.32% |
| Max Drawdown | -80.20% | -84.67% |
| Current Drawdown | -4.12% | -4.42% |
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LTL vs. SSO - Expense Ratio Comparison
LTL has a 0.95% expense ratio, which is higher than SSO's 0.90% expense ratio.
Correlation
The correlation between LTL and SSO is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
LTL vs. SSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Telecommunications (LTL) and ProShares Ultra S&P 500 (SSO). 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.
Dividends
LTL vs. SSO - Dividend Comparison
LTL's dividend yield for the trailing twelve months is around 0.29%, less than SSO's 0.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTL ProShares Ultra Telecommunications | 0.29% | 0.98% | 2.01% | 1.14% | 1.57% | 0.83% | 1.99% | 1.95% | 0.93% | 1.55% | 0.77% | 0.82% |
SSO ProShares Ultra S&P 500 | 0.71% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% | 0.26% |
Drawdowns
LTL vs. SSO - Drawdown Comparison
The maximum LTL drawdown since its inception was -80.20%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for LTL and SSO. For additional features, visit the drawdowns tool.
Volatility
LTL vs. SSO - Volatility Comparison
ProShares Ultra Telecommunications (LTL) and ProShares Ultra S&P 500 (SSO) have volatilities of 8.46% and 8.16%, 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.