WDAY vs. LTL

Last updated Jul 30, 2026

WDAY (Workday, Inc.) is a stock, while LTL (ProShares Ultra Telecommunications) is Leveraged Equities fund tracking the Dow Jones U.S. Select Telecommunications Index (200%). Over the past 10 years, WDAY returned 7.26%/yr vs 6.30%/yr for LTL. Their 0.29 correlation means their historical movements had little consistent relationship.

Performance

WDAY vs. LTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Workday, Inc. (WDAY) and ProShares Ultra Telecommunications (LTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WDAY achieves a -21.78% return, which is significantly lower than LTL's -16.92% return. Over the past 10 years, WDAY has outperformed LTL with an annualized return of 7.26%, while LTL has yielded a comparatively lower 6.30% annualized return.

WDAY

• 1D: 5.21%
• 1M: 35.95%
• 6M: -11.16%
• YTD: -21.78%
• 1Y: -29.89%
• 3Y*: -10.58%
• 5Y*: -6.44%
• 10Y*: 7.26%
• ALL TIME*: 9.50%

LTL

• 1D: -0.83%
• 1M: 1.55%
• 6M: -15.05%
• YTD: -16.92%
• 1Y: 0.41%
• 3Y*: 26.65%
• 5Y*: 14.70%
• 10Y*: 6.30%
• ALL TIME*: 5.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LTL ProShares Ultra Telecommunications	$156.97K	$122.33K	$82.70K
WDAY Workday, Inc.	$731.09M	$642.25M	$686.50M

WDAY vs. LTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WDAY Workday, Inc.	-21.78%	-16.76%	-6.53%	64.98%	-38.75%	14.01%	45.70%	2.99%	56.95%	53.94%
LTL ProShares Ultra Telecommunications	-16.92%	37.06%	65.15%	62.03%	-41.14%	40.42%	-3.25%	30.16%	-23.44%	-26.85%

Correlation

The correlation between WDAY and LTL is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.25
Correlation (3Y) Balances recent behavior with more history.	0.37
Correlation (5Y) Shows whether the relationship held over a longer period.	0.43
Correlation (10Y) Provides a long-term view across more market conditions.	0.33
Correlation (All Time) Calculated using the full available price history since Oct 12, 2012	0.29

The correlation between WDAY and LTL shifts across timeframes, from 0.25 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

WDAY vs. LTL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WDAY

WDAY Risk / Return Rank: 21
WDAY Sharpe Ratio Rank: 17
WDAY Sortino Ratio Rank: 18
WDAY Omega Ratio Rank: 20
WDAY Calmar Ratio Rank: 25
WDAY Martin Ratio Rank: 26

LTL

LTL Risk / Return Rank: 11
LTL Sharpe Ratio Rank: 11
LTL Sortino Ratio Rank: 12
LTL Omega Ratio Rank: 11
LTL Calmar Ratio Rank: 11
LTL Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WDAY vs. LTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Workday, Inc. (WDAY) and ProShares Ultra Telecommunications (LTL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	WDAY	LTL	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	0.01	-0.62
Sortino ratio: Return per unit of downside risk	-0.69	0.23	-0.92
Omega ratio: Gain probability vs. loss probability	0.92	1.03	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.55	0.02	-0.57
Martin ratio: Return relative to average drawdown	-0.90	0.04	-0.94

WDAY vs. LTL - Sharpe Ratio Comparison

The current WDAY Sharpe Ratio is -0.61, which is lower than the LTL Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of WDAY and LTL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WDAY vs. LTL - Drawdown Comparison

The maximum WDAY drawdown since its inception was -63.38%, smaller than the maximum LTL drawdown of -80.20%. Use the drawdown chart below to compare losses from any high point for WDAY and LTL.

Drawdown Indicators

	WDAY	LTL	Difference
Max Drawdown Largest peak-to-trough decline	-63.38%	-80.20%	+16.82%
Max Drawdown (1Y) Largest decline over 1 year	-54.58%	-25.25%	-29.33%
Max Drawdown (3Y) Largest decline over 3 years	-63.38%	-34.37%	-29.01%
Max Drawdown (5Y) Largest decline over 5 years	-63.38%	-52.60%	-10.78%
Max Drawdown (10Y) Largest decline over 10 years	-63.38%	-64.15%	+0.77%
Current Drawdown Current decline from peak	-45.31%	-19.84%	-25.47%
Average Drawdown Average peak-to-trough decline	-21.28%	-28.57%	+7.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.24%	10.22%	+23.02%

Volatility

WDAY vs. LTL - Volatility Comparison

Workday, Inc. (WDAY) has a higher volatility of 19.27% compared to ProShares Ultra Telecommunications (LTL) at 12.52%. This indicates that WDAY's price experiences larger fluctuations and is considered to be riskier than LTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDAY	LTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.27%	12.52%	+6.75%
Volatility (6M) Calculated over the trailing 6-month period	43.52%	23.50%	+20.02%
Volatility (1Y) Calculated over the trailing 1-year period	49.22%	29.25%	+19.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.33%	35.07%	+5.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.42%	36.97%	+2.45%

Dividends

WDAY vs. LTL - Dividend Comparison

WDAY has not paid dividends to shareholders, while LTL's dividend yield for the trailing twelve months is around 1.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LTL ProShares Ultra Telecommunications	1.04%	0.64%	0.29%	0.97%	2.01%	1.14%	1.57%	0.83%	1.99%	1.96%	0.70%	1.55%
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%

Frequently Asked Questions

Can I hold both WDAY and LTL in my portfolio?

WDAY and LTL have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WDAY or LTL?

WDAY has higher volatility (19.27%) compared to LTL (12.52%). In terms of maximum drawdown, WDAY dropped -63.38% vs LTL's -80.20%.

Which has better risk-adjusted returns?

LTL currently has the higher Sharpe Ratio (0.01 vs -0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.