LTL vs. VOO
Compare and contrast key facts about ProShares Ultra Telecommunications (LTL) and Vanguard S&P 500 ETF (VOO).
LTL and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both LTL and VOO 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 VOO.
Key characteristics
| LTL | VOO | |
|---|---|---|
| YTD Return | 23.78% | 10.48% |
| 1Y Return | 73.43% | 28.69% |
| 3Y Return (Ann) | 9.87% | 9.60% |
| 5Y Return (Ann) | 10.73% | 14.65% |
| 10Y Return (Ann) | 5.92% | 12.89% |
| Sharpe Ratio | 2.29 | 2.52 |
| Daily Std Dev | 32.65% | 11.57% |
| Max Drawdown | -80.20% | -33.99% |
| Current Drawdown | -3.01% | -0.06% |
Correlation
The correlation between LTL and VOO is 0.56, 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.
Performance
LTL vs. VOO - Performance Comparison
In the year-to-date period, LTL achieves a 23.78% return, which is significantly higher than VOO's 10.48% return. Over the past 10 years, LTL has underperformed VOO with an annualized return of 5.92%, while VOO has yielded a comparatively higher 12.89% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LTL vs. VOO - Expense Ratio Comparison
LTL has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
LTL vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Telecommunications (LTL) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
LTL's dividend yield for the trailing twelve months is around 0.22%, less than VOO's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTL ProShares Ultra Telecommunications | 0.22% | 0.97% | 2.01% | 1.14% | 1.57% | 0.83% | 1.99% | 1.96% | 0.70% | 1.55% | 0.77% | 0.82% |
VOO Vanguard S&P 500 ETF | 1.33% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
LTL vs. VOO - Drawdown Comparison
The maximum LTL drawdown since its inception was -80.20%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for LTL and VOO. For additional features, visit the drawdowns tool.
Volatility
LTL vs. VOO - Volatility Comparison
ProShares Ultra Telecommunications (LTL) has a higher volatility of 11.66% compared to Vanguard S&P 500 ETF (VOO) at 3.36%. This indicates that LTL's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.