ProShares Ultra Top QQQ (QQUP) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QQUP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QQUP
QQUP charges 0.95% annually. There are 91 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 28.74M | Mar 2026 | QQUP vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.98M | Sep 2021 | QQUP vs IFED | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.64% | 241.41M | May 2014 | QQUP vs SPUU | |
| Leverage Shares 2X Long ARM Daily ETF | 0.75% | 75.08M | Jan 2025 | QQUP vs ARMG | |
| Leverage Shares 2X Long TSM Daily ETF | 0.75% | 23.74M | Jan 2025 | QQUP vs TSMG |
Best Risk-Adjusted Alternatives to QQUP
Among 235 ETFs in the Leveraged Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 99 | 3.44B | Oct 2024 | QQUP vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 99 | 1.11B | Nov 2024 | QQUP vs MULL | |
| Innovator Growth Accelerated Plus ETF - April | 98 | 19.26M | Apr 2021 | QQUP vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.62M | Apr 2021 | QQUP vs XTAP | |
| Direxion Daily South Korea Bull 3X Shares | 98 | 1.73B | Apr 2013 | QQUP vs KORU |
Top Performing QQUP Alternatives (YTD)
QQUP is at 19.26% YTD. There are 131 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 929.51%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 929.51% | 3.44B | Oct 2024 | QQUP vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 907.48% | 1.11B | Nov 2024 | QQUP vs MULL | |
| Leverage Shares 2X Long ARM Daily ETF | 888.42% | 75.08M | Jan 2025 | QQUP vs ARMG | |
| GraniteShares 2x Long DELL Daily ETF | 816.87% | 101.08M | Feb 2025 | QQUP vs DLLL | |
| GraniteShares 2x Long MRVL Daily ETF | 779.83% | 568.50M | Mar 2025 | QQUP vs MVLL |
Lowest Volatility Alternatives to QQUP
QQUP has 38.35% 1-year volatility. There are 78 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.69%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.69% | 22.62M | Apr 2021 | QQUP vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 5.57% | 19.26M | Apr 2021 | QQUP vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.43% | 13.32M | Jul 2021 | QQUP vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.02% | 22.12M | Jul 2021 | QQUP vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.56% | 68.42M | Apr 2021 | QQUP vs XDSQ |
Lowest Drawdown Alternatives to QQUP
Among 235 ETFs in the Leveraged Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.42%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.42% | 22.62M | Apr 2021 | QQUP vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -1.69% | 19.26M | Apr 2021 | QQUP vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.32M | Jul 2021 | QQUP vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.12M | Jul 2021 | QQUP vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.42M | Apr 2021 | QQUP vs XDSQ |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 7 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 75 | 65.71% | 39.77B | Feb 2010 | QQUP vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -24.14% | 1.70B | Oct 2021 | QQUP vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 73 | 42.81% | 14.46B | Jun 2006 | QQUP vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 69 | 30.62% | 5.55B | Jun 2009 | QQUP vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 68 | 21.07% | 8.38B | Jun 2006 | QQUP vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | S&P 500, Dividend | 23 | 3.68% | 11.07B | Oct 2013 | QQUP vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 92 | 116.46% | 3.05B | Jan 2007 | QQUP vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities | 0 | -45.68% | 2.23B | Feb 2010 | QQUP vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -18.87% | 398.99M | Oct 2011 | QQUP vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -50.14% | 446.55M | Apr 2024 | QQUP vs BITU |
Often Compared With QQUP
Investors most often compare QQUP with QQQU, QQQ, GDE. These 19 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare QQUP with Any Fund or Stock
Compare QQUP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QQUP with funds that move differently
ProShares Ultra Top QQQ alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QQUP.
Explore QQUP Diversifiers