WDAY vs. LTL
Compare and contrast key facts about Workday, Inc. (WDAY) and ProShares Ultra Telecommunications (LTL).
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: WDAY or LTL.
Key characteristics
| WDAY | LTL | |
|---|---|---|
| YTD Return | -9.06% | 18.54% |
| 1Y Return | 34.15% | 68.80% |
| 3Y Return (Ann) | -1.33% | 10.03% |
| 5Y Return (Ann) | 4.20% | 8.30% |
| 10Y Return (Ann) | 13.12% | 6.59% |
| Sharpe Ratio | 1.15 | 2.53 |
| Daily Std Dev | 29.56% | 34.60% |
| Max Drawdown | -57.65% | -80.20% |
| Current Drawdown | -18.28% | -7.12% |
Correlation
The correlation between WDAY and LTL 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
WDAY vs. LTL - Performance Comparison
In the year-to-date period, WDAY achieves a -9.06% return, which is significantly lower than LTL's 18.54% return. Over the past 10 years, WDAY has outperformed LTL with an annualized return of 13.12%, while LTL has yielded a comparatively lower 6.59% 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
WDAY vs. LTL - Risk-Adjusted Performance 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.
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 0.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LTL ProShares Ultra Telecommunications | 0.23% | 0.97% | 2.01% | 1.14% | 1.57% | 0.83% | 1.99% | 1.96% | 0.70% | 1.55% | 0.77% | 0.82% |
Drawdowns
WDAY vs. LTL - Drawdown Comparison
The maximum WDAY drawdown since its inception was -57.65%, 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. For additional features, visit the drawdowns tool.
Volatility
WDAY vs. LTL - Volatility Comparison
The current volatility for Workday, Inc. (WDAY) is 3.82%, while ProShares Ultra Telecommunications (LTL) has a volatility of 11.74%. This indicates that WDAY experiences smaller price fluctuations and is considered to be less risky than LTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.