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.
Key characteristics
| LTL | WDAY | |
|---|---|---|
| YTD Return | 23.78% | -10.57% |
| 1Y Return | 73.43% | 33.12% |
| 3Y Return (Ann) | 9.87% | 2.58% |
| 5Y Return (Ann) | 10.73% | 3.10% |
| 10Y Return (Ann) | 5.92% | 13.18% |
| Sharpe Ratio | 2.29 | 1.18 |
| Daily Std Dev | 32.65% | 29.70% |
| Max Drawdown | -80.20% | -57.65% |
| Current Drawdown | -3.01% | -19.64% |
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.
Performance
LTL vs. WDAY - Performance Comparison
In the year-to-date period, LTL achieves a 23.78% return, which is significantly higher than WDAY's -10.57% return. Over the past 10 years, LTL has underperformed WDAY with an annualized return of 5.92%, while WDAY has yielded a comparatively higher 13.18% 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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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 0.22%, while WDAY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTL ProShares Ultra Telecommunications | 0.22% | 0.97% | 2.01% | 1.14% | 1.57% | 0.83% | 1.99% | 1.96% | 0.70% | 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
ProShares Ultra Telecommunications (LTL) has a higher volatility of 11.66% compared to Workday, Inc. (WDAY) at 5.24%. This indicates that LTL's price experiences larger fluctuations and is considered to be riskier than WDAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.