ProShares Ultra Telecommunications (LTL) Performance
LTL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −23.9% since Dec 31, 2025
- 1 year
- −21.2% total return
- 5 years
- +13.7% a year
- 10 years
- +6.9% a year
- Since first price
- +6.3% a year since 2008
LTL trailing returns vs SPY, QQQ, AGG
| Period | LTL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −12.8% | −12.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.8% | −2.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −21.8% | −22.2% | +7.8% | +8.4% | −1.5% |
| YTD | −23.9% | −24.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −21.2% | −22.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +100.2%+26.0%/yr | +96.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +89.7%+13.7%/yr | +79.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +94.4%+6.9%/yr | +70.5% | — | — | — |
| 15 years | +371.7%+10.9%/yr | +286.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionApr 8, 2008 | +208.1%+6.3%/yr | +133.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: LTL vs SPY
From Apr 8, 2008: LTL grew to $30,808, SPY to $77,794.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LTL returns by calendar year
10 of 17 full years positive. Best 2024 (+65.1%), worst 2022 (−41.1%). 2026 is year to date.
LTL annual returns table
| Year | LTL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −23.9% | −26.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +37.1% | −34.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +65.1% | −13.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +62.0% | −17.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −41.1% | −52.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +40.4% | −13.6% | +28.7% | +27.4% | −1.8% |
| 2020 | −3.3% | −47.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +30.2% | −21.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −23.4% | −34.0% | −4.6% | −0.1% | +0.1% |
| 2017 | −26.8% | −43.0% | +21.7% | +32.7% | +3.6% |
| 2016 | +49.3% | −28.2% | +12.0% | +7.1% | +2.4% |
| 2015 | −6.1% | −29.3% | +1.2% | +9.4% | +0.5% |
| 2014 | −0.9% | −19.8% | +13.5% | +19.2% | +6.0% |
| 2013 | +57.4% | −19.1% | +32.3% | +36.6% | −2.0% |
| 2012 | +34.8% | −23.0% | +16.0% | +18.1% | +3.8% |
| 2011 | −19.9% | −41.5% | +1.9% | +3.4% | +7.7% |
| 2010 | +40.3% | −24.8% | +15.1% | +19.9% | +6.4% |
| 2009 | +45.7% | −42.7% | +26.4% | +54.7% | +3.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
LTL largest drawdowns
Now 26.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 5, 2008 | −80.2% | Nov 20, 2008 | Oct 17, 2013 | 6 months | 5.4 years |
| Jan 5, 2017 | −64.1% | Mar 23, 2020 | Feb 2, 2024 | 3.2 years | 7.1 years |
| Apr 6, 2015 | −39.1% | Jan 20, 2016 | Apr 19, 2016 | 9 months | 1.0 years |
| Feb 14, 2025 | −34.4% | Apr 8, 2025 | Jun 30, 2025 | 53 days | 4 months |
| Jul 14, 2016 | −28.2% | Nov 3, 2016 | Dec 20, 2016 | 4 months | 5 months |
| Sep 19, 2025 | −26.6% | Oct 23, 2026 | not yet | 1.1 years | 1.1 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
LTL risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +32.2% | +16.5% | +7.6% | +6.4% |
| Volatility (annualized) | 27.4% | 31.0% | 30.9% | 34.1% |
| Sharpe ratio | 1.01 | 0.54 | 0.32 | 0.32 |
| Sortino ratio | 1.76 | 0.82 | 0.47 | 0.47 |
| Best month | +15.1% | +19.0% | +25.2% | +25.2% |
| Worst month | −14.1% | −20.5% | −22.5% | −37.3% |
| Best 12 months | +88.9% | +88.9% | +88.9% | +88.9% |
| Worst 12 months | −17.1% | −41.1% | −41.1% | −64.4% |
| Positive months | 61% | 58% | 56% | 56% |
| Beta vs S&P 500 | 1.75 | 1.68 | 1.67 | — |
| Correlation with S&P 500 | 0.80 | 0.85 | 0.83 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
LTL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 211 | −64.4% | +17.7% | +88.9% | 64% |
| 3-year (a year) | 187 | −18.4% | +11.6% | +61.6% | 74% |
| 5-year (a year) | 163 | −8.8% | +9.8% | +31.4% | 74% |
| 10-year (a year) | 103 | −0.1% | +7.3% | +15.3% | 99% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
LTL performance overview
ProShares Ultra Telecommunications (LTL) returned −21.2% over the past year and +6.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned +6.3% a year, turning $10,000 into about $30,808. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −80.2%, from Jun 5, 2008 to Nov 20, 2008, and it took 4.9 years to get back to the old high. LTL finished 10 of its 17 full calendar years with a gain; the best year was 2024 (+65.1%) and the worst 2022 (−41.1%). Volatility has been 34.1% a year.
Related: LTL chart, LTL holdings, LTL dividends, LTL valuation. See the LTL overview for the latest quote and fund facts.
LTL performance FAQ
What is the LTL return over the past year?
LTL returned −21.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 22.0%.
What is the average annual return of LTL?
LTL has returned +13.7% a year over 5 years, +6.9% a year over 10 years, +6.3% a year since April 8, 2008 (total return, distributions reinvested).
How much would $10,000 invested in LTL be worth?
$10,000 invested in LTL at its first recorded close on April 8, 2008 would be worth about $30,808 on October 23, 2026 with distributions reinvested.
What was the worst year for LTL?
The worst calendar year was 2022, with a total return of −41.1%. The best was 2024 at +65.1%.
What is the biggest drawdown of LTL?
The largest peak-to-trough decline was −80.2% between June 5, 2008 and November 20, 2008. It recovered to the old high on October 17, 2013, 4.9 years after the bottom.
How volatile is LTL?
Over the past 3 years LTL had an annualized volatility of 27.4% and a Sharpe ratio of 1.01 (excess return over 1–3 month T-bills per unit of risk).