LTL vs. TQQQ
Compare and contrast key facts about ProShares Ultra Telecommunications (LTL) and ProShares UltraPro QQQ (TQQQ).
LTL and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both LTL and TQQQ 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 TQQQ.
Performance
LTL vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, LTL achieves a 60.97% return, which is significantly higher than TQQQ's 48.06% return. Over the past 10 years, LTL has underperformed TQQQ with an annualized return of 8.14%, while TQQQ has yielded a comparatively higher 34.14% annualized return.
LTL
60.97%
8.71%
28.66%
72.01%
16.25%
8.14%
TQQQ
48.06%
1.57%
18.83%
74.81%
32.55%
34.14%
Key characteristics
| LTL | TQQQ | |
|---|---|---|
| Sharpe Ratio | 2.48 | 1.45 |
| Sortino Ratio | 3.01 | 1.92 |
| Omega Ratio | 1.41 | 1.26 |
| Calmar Ratio | 3.03 | 1.47 |
| Martin Ratio | 18.26 | 6.04 |
| Ulcer Index | 4.01% | 12.43% |
| Daily Std Dev | 29.50% | 51.88% |
| Max Drawdown | -80.20% | -81.66% |
| Current Drawdown | -4.12% | -13.36% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LTL vs. TQQQ - Expense Ratio Comparison
Both LTL and TQQQ have an expense ratio of 0.95%.
Correlation
The correlation between LTL and TQQQ is 0.50, 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. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Telecommunications (LTL) and ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
LTL's dividend yield for the trailing twelve months is around 0.29%, less than TQQQ's 1.28% 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% |
TQQQ ProShares UltraPro QQQ | 1.28% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
LTL vs. TQQQ - Drawdown Comparison
The maximum LTL drawdown since its inception was -80.20%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for LTL and TQQQ. For additional features, visit the drawdowns tool.
Volatility
LTL vs. TQQQ - Volatility Comparison
The current volatility for ProShares Ultra Telecommunications (LTL) is 8.46%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.89%. This indicates that LTL experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.