# LTL (ProShares Ultra Communication Services)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: LTL returned −0.3% where its own daily promise gave +1.3%, 1.6 points short.

## Key facts

- LTL, what XLC did: +1.1%, as of Sep 11, 2026.
- LTL, what +2 times a day gives: +1.3%, as of Sep 11, 2026.
- LTL, what the fund returned: −0.3%, as of Sep 11, 2026.
- LTL, the fund itself cost: −1.6 pts, as of Sep 11, 2026.
- LTL, net assets: $5m (issuer page, as of Sep 11, 2026).
- LTL, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025).

## LTL over each window to Sep 11, 2026

| Window | Fund | XLC | +2x the move | Difference | XLC moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +3.3% | +2.1% | +4.2% | −0.9 pts | 16% |
| 3 months | −0.3% | +1.1% | +2.2% | −2.6 pts | 20% |
| 6 months | −6.5% | −1.0% | −2.1% | −4.5 pts | 18% |
| 1 year | −11.7% | −2.0% | −4.1% | −7.7 pts | 15% |
| 3 years | +124.7% | +73.1% | +146.3% | −21.6 pts | 17% |
| Since launch | +188.4% | +143.7% | not meaningful over this window | not meaningful over this window | 22% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of XLC, reset daily | ETFIQ |
| Multiple a holder actually got over the window | XLC moved +1.1% over this window, too little to read a multiple from | ETFIQ |
| Underlying | XLC | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $5m | issuer page, as of Sep 11, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 23, 2025 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 20% annualized | ETFIQ |

## Questions

### Did LTL return +2 times XLC?

Over the window to Sep 11, 2026, XLC moved +1.1% and LTL returned −0.3%. 2 times that move is +2.2%, so the fund came out 2.6 points short of it.

### Why does LTL not return +2 times over a year?

Because it resets daily. LTL aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, LTL, data as of Sep 11, 2026. https://etfiq.com/funds/LTL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/LTL  ·  JSON: https://etfiq.com/funds/LTL.json