LTL vs. WDAY
Compare and contrast key facts about ProShares Ultra Telecommunications (LTL) and Workday, Inc. (WDAY).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LTL or WDAY.
Performance
LTL vs. WDAY - Performance Comparison
Returns By Period
In the year-to-date period, LTL achieves a 66.61% return, which is significantly higher than WDAY's -2.89% return. Over the past 10 years, LTL has underperformed WDAY with an annualized return of 8.83%, while WDAY has yielded a comparatively higher 11.25% annualized return.
LTL
66.61%
14.57%
32.16%
72.68%
17.47%
8.83%
WDAY
-2.89%
8.64%
2.75%
14.43%
9.20%
11.25%
Key characteristics
| LTL | WDAY | |
|---|---|---|
| Sharpe Ratio | 2.46 | 0.41 |
| Sortino Ratio | 3.00 | 0.79 |
| Omega Ratio | 1.40 | 1.12 |
| Calmar Ratio | 3.01 | 0.41 |
| Martin Ratio | 18.26 | 0.72 |
| Ulcer Index | 3.98% | 18.50% |
| Daily Std Dev | 29.49% | 32.54% |
| Max Drawdown | -80.20% | -57.65% |
| Current Drawdown | -0.88% | -12.74% |
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Correlation
The correlation between LTL and WDAY is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
LTL vs. WDAY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Telecommunications (LTL) and Workday, Inc. (WDAY). 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. WDAY - Dividend Comparison
LTL's dividend yield for the trailing twelve months is around 0.28%, while WDAY has not paid dividends to shareholders.
| 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% |
WDAY Workday, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LTL vs. WDAY - Drawdown Comparison
The maximum LTL drawdown since its inception was -80.20%, which is greater than WDAY's maximum drawdown of -57.65%. Use the drawdown chart below to compare losses from any high point for LTL and WDAY. For additional features, visit the drawdowns tool.
Volatility
LTL vs. WDAY - Volatility Comparison
The current volatility for ProShares Ultra Telecommunications (LTL) is 8.19%, while Workday, Inc. (WDAY) has a volatility of 9.40%. This indicates that LTL experiences smaller price fluctuations and is considered to be less risky than WDAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.