ProShares Ultra Communication Services
$24.89−0.20 (−0.80%)
- Expense ratio
- 2.52%
- Fund size
- $5M
- 1Y return
- −13.7%
- Yield · Last 12 months
- 0.97%
- Holdings
- 28
- Volume · 30D
- 0M sh
- NAV per share
- $23.84
- 52W range
The ETF.net LTL Grade
Score 31 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 8Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 63Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 37Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 59Category rank
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
- 28
- 79%
- Net Other Assets (Liabilities)
Sectors
- Communication94.9%
- Technology5.1%
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.
Returns run to the Sep 22, 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 | −11.3% |
| 1 month | +3.0% |
| 3 months | +10.4% |
| 1 year | −13.7% |
| 3 years | +33.8% |
| 5 years | +16.3% |
| 10 years | +7.3% |
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 | −11.3% | |
| 2025 | +37.1% | |
| 2024 | +65.0% | |
| 2023 | +59.7% | |
| 2022 | −42.2% | |
| 2021 | +38.6% | |
| 2020 | −5.2% |
LTL in the news
ETF.net Research hasn’t filed on LTL yet — coverage lands here as it’s written.
LTL Dividends
- 0.97%
- $0.24
- $0.04 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.04 |
| Mar 25, 2026 | Mar 31, 2026 | $0.07 |
| Dec 24, 2025 | Dec 31, 2025 | $0.09 |
| Sep 24, 2025 | Sep 30, 2025 | $0.04 |
| Jun 25, 2025 | Jul 1, 2025 | $0.03 |
| Mar 26, 2025 | Apr 1, 2025 | $0.02 |
| Dec 23, 2024 | Dec 31, 2024 | $0.0083 |
| Sep 25, 2024 | Oct 2, 2024 | Data unavailable |
| Jun 26, 2024 | Jul 3, 2024 | $0.02 |
| Mar 20, 2024 | Mar 27, 2024 | $0.01 |
| Dec 20, 2023 | Dec 28, 2023 | Data unavailable |
| Sep 20, 2023 | Sep 27, 2023 | Data unavailable |
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.
- 27.8%
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.
- 0.91
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
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
85 of the 93 Leveraged Long (2x & Other) funds charge less.