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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)
$6,376
AUM
$847,882
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)
28.42%
META
Meta Platforms Inc - Ordinary Shares - Class A
16.82%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
8.61%
GOOG
Alphabet Inc - Ordinary Shares - Class C
7.38%
CHTR
Charter Communications Inc. - Ordinary Shares - Class A
3.46%
T
AT&T, Inc.
3.44%
ATVI
Activision Blizzard Inc
3.33%
TMUS
T-Mobile US Inc
3.32%
CMCSA
Comcast Corp - Ordinary Shares - Class A
3.29%
DIS
Walt Disney Co (The)
3.26%
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 GAUG, AUGW, LGRO

LTL
ProShares Trust - ProShares Ultra Communication Services
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
FCOM
Fidelity Covington Trust - Fidelity MSCI Communication Services Index ETF
VOX
Vanguard Group, Inc. - Vanguard Communication Services ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
FFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - February
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
PSEP
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - September
FSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -September

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

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with LTL using Composer

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Mar 25, 2024 • by Natan Ponieman
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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 0.0072%. This is the percent change in the value of LTL over the most recent 1-month period. The 3-month return on LTL is 0.0546%. 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 0.3611%. 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 TQQQ, SSO, and TNA.

ETFs correlated to LTL include GAUG, AUGW, and LGRO.

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

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.