ProShares Ultra Communication Services
DThis 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.
$24.38+0.40 (+1.65%)
- 2.52%
- $5M
- −7.9%
- 1.16%
- 0M sh
- $24.00
- low $21.88high $29.38
The ETF.net LTL Grade
D
Score 32 out of 100
- 80 of 99
Score 32 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F8 out of 100Rank 91 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B61 out of 100Rank 32 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 62 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 38 of 99
Our read on LTL
DA 2008-vintage geared play on communication services: it aims for twice the daily move of the S&P Communication Services Select Sector Index, a concentrated basket of roughly 28 media, telecom and internet names.
The fund targets twice the daily performance of the Communication Services sector.
Why people hold it
- One of the few leveraged funds pointed at communication services rather than the usual broad indexes or financials, targeting 2x the sector's daily move.proshares.com
- Trading since 2008, which makes it one of the longer-lived leveraged sector funds still on the shelf.
- A standard 1940 Act fund, so tax time brings a 1099 rather than the K-1 some leveraged and futures-based products generate.
Worth knowing
- The fee is 2.52% a year, roughly double what the largest leveraged funds charge (QLD and FAS sit near 1%). Sector-level leverage carries a premium.
- The 2x target resets daily. Hold longer and returns compound, so multi-day results can diverge from twice the index move, most visibly when the sector chops.proshares.com
- A small fund that trades thinly, so bid-ask spreads can run wider than on the headline leveraged names.
LTL Holdings
- Stocks
- 23
- 84%
- Net Other Assets (Liabilities)
Sectors
- Communication91.1%
- Technology8.9%
Geography
- United States100.00%
LTL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
LTL$9,207
Returns run to the Oct 12, 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.
| Period | LTL |
|---|---|
| Year to date | −14.8% |
| 1 month | −2.0% |
| 3 months | −2.2% |
| 1 year | −7.9% |
| 3 years | +29.4% |
| 5 years | +16.4% |
| 10 years | +6.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | LTL |
|---|---|---|
| 2026 YTD | −14.8% | |
| 2025 | +37.1% | |
| 2024 | +65.0% | |
| 2023 | +59.7% | |
| 2022 | −42.2% | |
| 2021 | +38.6% | |
| 2020 | −5.2% |
LTL in the news
LTL Dividends
- 1.16%
- $0.28
- $0.08 per share
- Quarterly
Distribution history
LTL Risk
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.
- 27.4%
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.
- 1.00
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.
- −53.2%
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.
- 1.69
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
LTL Cost
2.52%
LTL2.52%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
87 of the 95 Leveraged Long (2x & Other) funds charge less.
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