LTL vs. UPRO
Compare and contrast key facts about ProShares Ultra Telecommunications (LTL) and ProShares UltraPro S&P 500 (UPRO).
LTL and UPRO 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. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. Both LTL and UPRO 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 UPRO.
Performance
LTL vs. UPRO - Performance Comparison
Returns By Period
In the year-to-date period, LTL achieves a 67.28% return, which is significantly lower than UPRO's 71.45% return. Over the past 10 years, LTL has underperformed UPRO with an annualized return of 8.87%, while UPRO has yielded a comparatively higher 24.13% annualized return.
LTL
67.28%
12.86%
36.10%
73.37%
17.58%
8.87%
UPRO
71.45%
3.88%
34.17%
94.81%
25.05%
24.13%
Key characteristics
| LTL | UPRO | |
|---|---|---|
| Sharpe Ratio | 2.58 | 2.67 |
| Sortino Ratio | 3.10 | 3.03 |
| Omega Ratio | 1.42 | 1.42 |
| Calmar Ratio | 3.15 | 2.59 |
| Martin Ratio | 18.96 | 15.97 |
| Ulcer Index | 4.01% | 6.08% |
| Daily Std Dev | 29.51% | 36.40% |
| Max Drawdown | -80.20% | -76.82% |
| Current Drawdown | -0.48% | -2.93% |
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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.
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.
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.
Dividends
LTL vs. UPRO - Dividend Comparison
LTL's dividend yield for the trailing twelve months is around 0.28%, less than UPRO's 0.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.74% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 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.
Volatility
LTL vs. UPRO - Volatility Comparison
The current volatility for ProShares Ultra Telecommunications (LTL) is 8.12%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 11.98%. 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.