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.
Correlation
The correlation between LTL and WDAY is 0.30, 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
Key characteristics
LTL:
0.34
WDAY:
-0.37
LTL:
0.71
WDAY:
-0.31
LTL:
1.10
WDAY:
0.96
LTL:
0.38
WDAY:
-0.41
LTL:
1.63
WDAY:
-1.22
LTL:
8.04%
WDAY:
11.02%
LTL:
38.81%
WDAY:
36.28%
LTL:
-80.20%
WDAY:
-57.65%
LTL:
-25.88%
WDAY:
-24.37%
Returns By Period
In the year-to-date period, LTL achieves a -12.90% return, which is significantly lower than WDAY's -9.96% return. Over the past 10 years, LTL has underperformed WDAY with an annualized return of 6.07%, while WDAY has yielded a comparatively higher 10.69% annualized return.
LTL
-12.90%
-11.29%
-2.73%
17.06%
20.47%
6.07%
WDAY
-9.96%
-4.84%
-4.18%
-11.89%
9.76%
10.69%
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Risk-Adjusted Performance
LTL vs. WDAY — Risk-Adjusted Performance Rank
LTL
WDAY
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 0.38%, while WDAY has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTL ProShares Ultra Telecommunications | 0.38% | 0.29% | 0.98% | 2.01% | 1.14% | 1.57% | 0.83% | 1.99% | 1.95% | 0.93% | 1.55% | 0.77% |
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 25.95% compared to Workday, Inc. (WDAY) at 13.45%. 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.