ProShares UltraShort Technology (REW) 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 REW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to REW
REW charges 0.95% annually. There are 92 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% | 34.68M | Mar 2026 | REW vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.99M | Sep 2021 | REW vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 239.79M | May 2014 | REW vs SPUU | |
| Leverage Shares 2X Long CRWV Daily ETF | 0.75% | 237.53M | Aug 2025 | REW vs CRWG | |
| Leverage Shares 2x Long NEM Daily ETF | 0.75% | 1.35M | Nov 2025 | REW vs NEMG |
Best Risk-Adjusted Alternatives to REW
REW has a PortfoliosLab risk / return rank of 1. There are 249 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 99 | 1.47B | Nov 2024 | REW vs MULL | |
| GraniteShares 2x Long INTC Daily ETF | 98 | 785.62M | Feb 2025 | REW vs INTW | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.60M | Apr 2021 | REW vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 19.18M | Apr 2021 | REW vs QTAP | |
| Direxion Daily Semiconductor Bull 3X ETF | 97 | 28.01B | Mar 2010 | REW vs SOXL |
Top Performing REW Alternatives (YTD)
REW is at -43.64% YTD. There are 279 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 1,049.06%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 1,049.06% | 1.47B | Nov 2024 | REW vs MULL | |
| GraniteShares 2x Long INTC Daily ETF | 760.00% | 785.62M | Feb 2025 | REW vs INTW | |
| Direxion Daily INTC Bull 2X Shares | 753.04% | 104.27M | Nov 2025 | REW vs LINT | |
| GraniteShares 2x Long DELL Daily ETF | 687.71% | 169.15M | Feb 2025 | REW vs DLLL | |
| GraniteShares 2x Long MRVL Daily ETF | 621.98% | 983.44M | Mar 2025 | REW vs MVLL |
Lowest Volatility Alternatives to REW
REW has 47.39% 1-year volatility. There are 111 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.75%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.75% | 22.60M | Apr 2021 | REW vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.05% | 19.18M | Apr 2021 | REW vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.35% | 13.35M | Jul 2021 | REW vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 9.86% | 22.17M | Jul 2021 | REW vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.50% | 68.78M | Apr 2021 | REW vs XDSQ |
Lowest Drawdown Alternatives to REW
REW has a 1-year max drawdown of -61.83%. There are 179 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.60M | Apr 2021 | REW vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 19.18M | Apr 2021 | REW vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.35M | Jul 2021 | REW vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.17M | Jul 2021 | REW vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.78M | Apr 2021 | REW vs XDSQ |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 10 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 | 55 | 42.40% | 39.74B | Feb 2010 | REW vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -33.32% | 1.42B | Oct 2021 | REW vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 56 | 30.45% | 14.59B | Jun 2006 | REW vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 50 | 16.91% | 5.36B | Jun 2009 | REW vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 52 | 12.77% | 8.02B | Jun 2006 | REW vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 39 | 8.38% | 11.27B | Oct 2013 | REW vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 84 | 92.18% | 3.28B | Jan 2007 | REW vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.98% | 1.83B | Feb 2010 | REW vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -24.94% | 265.17M | Oct 2011 | REW vs UVXY | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 58 | 13.95% | 426.74M | Mar 2024 | REW vs IQQQ |
Often Compared With REW
Investors most often compare REW with TECS, ^VVIX, XLK. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare REW with Any Fund or Stock
Compare REW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair REW with funds that move differently
ProShares UltraShort Technology alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to REW.
Explore REW Diversifiers