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LTL vs. UPRO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between LTL and UPRO is 0.57, 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.


-0.50.00.51.00.6

Performance

LTL vs. UPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Telecommunications (LTL) and ProShares UltraPro S&P 500 (UPRO). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
28.79%
22.45%
LTL
UPRO

Key characteristics

Sharpe Ratio

LTL:

2.33

UPRO:

1.99

Sortino Ratio

LTL:

2.80

UPRO:

2.41

Omega Ratio

LTL:

1.39

UPRO:

1.33

Calmar Ratio

LTL:

4.08

UPRO:

2.30

Martin Ratio

LTL:

17.33

UPRO:

11.97

Ulcer Index

LTL:

4.06%

UPRO:

6.19%

Daily Std Dev

LTL:

30.23%

UPRO:

37.26%

Max Drawdown

LTL:

-80.20%

UPRO:

-76.82%

Current Drawdown

LTL:

-7.51%

UPRO:

-6.24%

Returns By Period

The year-to-date returns for both investments are quite close, with LTL having a 70.55% return and UPRO slightly higher at 71.63%. Over the past 10 years, LTL has underperformed UPRO with an annualized return of 9.19%, while UPRO has yielded a comparatively higher 23.81% annualized return.


LTL

YTD

70.55%

1M

2.37%

6M

28.79%

1Y

70.36%

5Y*

17.34%

10Y*

9.19%

UPRO

YTD

71.63%

1M

-0.71%

6M

22.45%

1Y

73.05%

5Y*

22.42%

10Y*

23.81%

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LTL vs. UPRO - Expense Ratio Comparison

LTL has a 0.95% expense ratio, which is higher than UPRO's 0.92% expense ratio.


LTL
ProShares Ultra Telecommunications
Expense ratio chart for LTL: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for UPRO: current value at 0.92% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.92%

Risk-Adjusted Performance

LTL vs. UPRO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Telecommunications (LTL) and ProShares UltraPro S&P 500 (UPRO). 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.


Sharpe ratio
The chart of Sharpe ratio for LTL, currently valued at 2.33, compared to the broader market0.002.004.002.331.99
The chart of Sortino ratio for LTL, currently valued at 2.80, compared to the broader market-2.000.002.004.006.008.0010.002.802.41
The chart of Omega ratio for LTL, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.001.391.33
The chart of Calmar ratio for LTL, currently valued at 4.08, compared to the broader market0.005.0010.0015.004.082.30
The chart of Martin ratio for LTL, currently valued at 17.33, compared to the broader market0.0020.0040.0060.0080.00100.0017.3311.97
LTL
UPRO

The current LTL Sharpe Ratio is 2.33, which is comparable to the UPRO Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of LTL and UPRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.33
1.99
LTL
UPRO

Dividends

LTL vs. UPRO - Dividend Comparison

LTL's dividend yield for the trailing twelve months is around 0.28%, less than UPRO's 0.88% yield.


TTM20232022202120202019201820172016201520142013
LTL
ProShares Ultra Telecommunications
0.28%0.98%2.01%1.14%1.57%0.83%1.99%1.95%0.93%1.55%0.77%0.82%
UPRO
ProShares UltraPro S&P 500
0.88%0.74%0.52%0.06%0.11%0.41%0.63%0.00%0.12%0.34%0.22%0.07%

Drawdowns

LTL vs. UPRO - Drawdown Comparison

The maximum LTL drawdown since its inception was -80.20%, roughly equal to the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for LTL and UPRO. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.51%
-6.24%
LTL
UPRO

Volatility

LTL vs. UPRO - Volatility Comparison

The current volatility for ProShares Ultra Telecommunications (LTL) is 9.76%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 11.56%. This indicates that LTL experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
9.76%
11.56%
LTL
UPRO
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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