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ETFs

ProShares Ultra Communication Services

LTL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 25 2008
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$5,291
AUM
$652,398
Associated Index
S&P Communication Services Select Sector Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
34.64%
META
Meta Platforms Inc - Ordinary Shares - Class A
14.36%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
8.61%
GOOG
Alphabet Inc - Ordinary Shares - Class C
7.55%
NFLX
Netflix Inc.
2.94%
DIS
Walt Disney Co (The)
2.77%
ATVI
Activision Blizzard Inc
2.77%
TMUS
T-Mobile US Inc
2.77%
VZ
Verizon Communications Inc
2.76%
CMCSA
Comcast Corp - Ordinary Shares - Class A
2.76%
Invest with LTL

What is LTL?

ProShares Ultra Communication Services seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Communication Services Select Sector Index.

ETFs related toLTL

ETFs correlated to LTL include IYZ, QUS, DIVB

LTL
ProShares Trust - ProShares Ultra Communication Services
IYZ
BlackRock Institutional Trust Company N.A. - iShares U.S. Telecommunications ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
DIVB
BlackRock Institutional Trust Company N.A. - iShares Core Dividend ETF
FDRR
Fidelity Covington Trust - Fidelity Dividend ETF for Rising Rates
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF
EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight ETF
QDF
FlexShares Trust - FlexShares Quality Dividend Index Fund
BMAR
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - March
EPS
WisdomTree Trust - WisdomTree U.S. LargeCap Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toLTL

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with LTL using Composer

FAQ

LTL is a US Equities ETF. ProShares Ultra Communication Services seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Communication Services Select Sector Index.

LTL tracks the S&P Communication Services Select Sector Index.

No, LTL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, LTL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on LTL is -0.0019%. This is the percent change in the value of LTL over the most recent 1-month period. The 3-month return on LTL is 0.0647%. This is the percent change in the value of LTL over the most recent 3-month period.

The standard deviation of LTL for the past year is 0.4146%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to LTL include TZA, TNA, and PSQ.

ETFs correlated to LTL include IYZ, QUS, and DIVB.

ETFs that are inversely correlated to LTL include SPXS, SH, and SDS.

Yes, LTL is a Leveraged (2x) ETF: This means that LTL will try to match the performance of S&P Communication Services Select Sector Index, but with 2x the returns.

Yes, LTL is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P Communication Services Select Sector Index, but move 2x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.