LTL vs. XLC
Compare and contrast key facts about ProShares Ultra Telecommunications (LTL) and Communication Services Select Sector SPDR Fund (XLC).
LTL and XLC 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. XLC is a passively managed fund by State Street that tracks the performance of the S&P Communication Services Select Sector Index. It was launched on Jun 18, 2018. Both LTL and XLC 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 XLC.
Key characteristics
| LTL | XLC | |
|---|---|---|
| YTD Return | 23.78% | 13.17% |
| 1Y Return | 73.43% | 37.98% |
| 3Y Return (Ann) | 9.87% | 3.02% |
| 5Y Return (Ann) | 10.73% | 11.70% |
| Sharpe Ratio | 2.29 | 2.34 |
| Daily Std Dev | 32.65% | 16.53% |
| Max Drawdown | -80.20% | -46.66% |
| Current Drawdown | -3.01% | -2.26% |
Correlation
The correlation between LTL and XLC is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
LTL vs. XLC - Performance Comparison
In the year-to-date period, LTL achieves a 23.78% return, which is significantly higher than XLC's 13.17% 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. XLC - Expense Ratio Comparison
LTL has a 0.95% expense ratio, which is higher than XLC's 0.13% expense ratio.
Risk-Adjusted Performance
LTL vs. XLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Telecommunications (LTL) and Communication Services Select Sector SPDR Fund (XLC). 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. XLC - Dividend Comparison
LTL's dividend yield for the trailing twelve months is around 0.22%, less than XLC's 0.81% 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% |
XLC Communication Services Select Sector SPDR Fund | 0.81% | 0.82% | 1.10% | 0.74% | 0.68% | 0.82% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LTL vs. XLC - Drawdown Comparison
The maximum LTL drawdown since its inception was -80.20%, which is greater than XLC's maximum drawdown of -46.66%. Use the drawdown chart below to compare losses from any high point for LTL and XLC. For additional features, visit the drawdowns tool.
Volatility
LTL vs. XLC - Volatility Comparison
ProShares Ultra Telecommunications (LTL) has a higher volatility of 11.66% compared to Communication Services Select Sector SPDR Fund (XLC) at 5.95%. This indicates that LTL's price experiences larger fluctuations and is considered to be riskier than XLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.