Skip to content
etf.net

Launched · SEC filings

ProShares Ultra Communication Services

LTLNYSE ArcaProSharesCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$19.36+0.15 (+0.81%)

As of Nov 2, 2026, 3:57 PM ET

C40/ 100

Rank 37 of 99 in Leveraged Long (2x & Other)

C40/100Rank 37 of 99inLeveraged Long (2x & Other)
Intraday session: up, 78 prints from 19.20 to 19.36. Range 19.36 to 19.74. Use the arrow keys to read each point.19.5019.6019.7010 AM12 PM2 PM4 PM
Expense ratio
0.95%*
Fund size
$4M
1Y total return
−28.7%
Yield · Last 12 months
1.44%
Holdings
23
Avg volume · 30D
21.1K sh
52W range
low $19.21high $29.38
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 30, 2027. Without it: 1.83%.

The ETF.net LTL Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
37 of 99
Six-pillar profile for LTL. Scores out of 100: Cost 51, Risk 55, Mission not scored, Tradability 62, Holdings 42, Durability 58. Strongest: Tradability (62). Weakest: Holdings (42). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
55
This cap took
−15
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C51 out of 100
    Rank 32 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B55 out of 100
    Rank 45 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B62 out of 100
    Rank 28 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C42 out of 100
    Rank 18 of 27

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 42 of 99

Our read on LTL

ETF.net Research

In short

CThe only ETF targeting 2x the daily move of the Communication Services sector, and older than the sector itself: it launched in 2008 as a telecom fund, a decade before GICS redrew the lines to pull in media and internet names.

Stated mandate

The fund targets twice the daily performance of the Communication Services sector.

Why people hold it

  • ProShares calls it the only ETF targeting 2x the daily return of the communication services sector, so this slice of geared sector exposure has no direct in-category rival.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.83% gross), near the median of 97 funds in its category and in line with ProShares siblings DDM at 0.95% and ROM at 0.93%.
  • Trading since March 2008, it rode out the 2018 sector overhaul and sits in the stronger end of the leveraged bull funds we grade.sec.gov

Worth knowing

  • The 2x target applies to one day. ProShares says compounding can make longer-period returns differ in amount and even direction, and to monitor holdings as often as daily.sec.gov
  • One of the smaller, less-traded funds in its category, which can mean wider bid-ask spreads than the headline leveraged names.
  • Around two dozen stocks, all drawn from the S&P 500's communication services roster, so this is concentrated sector exposure by construction.sec.gov

LTL Performance

Launched Mar 25, 2008

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

LTL$7,131
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. LTL $7,131. SPY $11,199. Use the arrow keys to read each point.$8,000$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for LTL. Periods over one year show the average yearly return.
PeriodLTL
Year to date−31.8%
1 month−19.7%
3 months−16.1%
1 year−28.7%
3 yearsper year+24.3%
5 yearsper year+10.5%
10 yearsper year+4.8%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LTL
YearReturn barLTL
2026 YTD−31.8%
2025+37.1%

LTL in the news

LTL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.44%Last 12 months
Payout per share
$0.28Last 12 months
Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 10 payments from 2024 to 2026 YTD. Mar 20, 2024 $0.01; Jun 26, 2024 $0.02; Dec 23, 2024 $0.0083; Mar 26, 2025 $0.02; Jun 25, 2025 $0.03; Sep 24, 2025 $0.04; Dec 24, 2025 $0.09; Mar 25, 2026 $0.07; Jun 24, 2026 $0.04; Sep 23, 2026 $0.08. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.08
Jun 24, 2026Jun 30, 2026$0.04
Mar 25, 2026Mar 31, 2026$0.07
Dec 24, 2025Dec 31, 2025$0.09
Sep 24, 2025Sep 30, 2025$0.04
Jun 25, 2025Jul 1, 2025$0.03
Mar 26, 2025Apr 1, 2025$0.02
Dec 23, 2024Dec 31, 2024$0.0083
Sep 25, 2024Oct 2, 2024No data
Jun 26, 2024Jul 3, 2024$0.02
Mar 20, 2024Mar 27, 2024$0.01
Dec 20, 2023Dec 28, 2023No data

See all 69 payments⁠

$10,000 in LTL 10 years ago paid $380 in dividends.⁠

LTL Risk

Risk pillarB55 out of 100Rank 45 of 98 in Leveraged Long (2x & Other)

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
30.1%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.73
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−53.2%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.69
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

LTL Cost

Compare LTL and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$13,714

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LTL 0.95%

    $17,869

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • LTL 0.95%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530LTL $17,869WX $4,155

Year by year

YearLTLWXOverpaying
10$1,678$365$1,313
20$6,322$1,421$4,901
30$17,869$4,155$13,714
How the 0.95% is worked out

Full fee 1.83%− waiver 0.88%= you pay 0.95%

The waiver ends Sep 30, 2027. After that the fee is 1.83% unless ProShares renews it. Source: prospectus, Sep 2026.

Other funds in Leveraged Long (2x & Other)

See others