ProShares Ultra Health Care (RXL) 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 RXL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RXL
RXL charges 0.95% annually. There are 100 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% | 44.22M | Mar 2026 | RXL vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 49.31M | Sep 2021 | RXL vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 257.66M | May 2014 | RXL vs SPUU | |
| Leverage Shares 2X Long PLUG Daily ETF | 0.75% | — | Jan 2026 | RXL vs PLUL | |
| Leverage Shares 2X Long VALE Daily ETF | 0.75% | — | Dec 2025 | RXL vs VALG |
Best Risk-Adjusted Alternatives to RXL
RXL has a PortfoliosLab risk / return rank of 33. There are 82 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 99 | 6.16B | Oct 2024 | RXL vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 923.53M | Nov 2024 | RXL vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.82M | Apr 2021 | RXL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.50M | Apr 2021 | RXL vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 97 | 509.42M | Feb 2025 | RXL vs INTW |
Top Performing RXL Alternatives (YTD)
RXL is at 1.92% YTD. There are 166 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 857.58%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 857.58% | 162.40M | Feb 2025 | RXL vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 640.02% | 6.16B | Oct 2024 | RXL vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 619.42% | 923.53M | Nov 2024 | RXL vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 438.70% | 101.49M | Nov 2025 | RXL vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 438.59% | 509.42M | Feb 2025 | RXL vs INTW |
Lowest Volatility Alternatives to RXL
RXL has 31.92% 1-year volatility. There are 45 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.76% | 22.82M | Apr 2021 | RXL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.21% | 20.50M | Apr 2021 | RXL vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.39% | 13.45M | Jul 2021 | RXL vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.51% | 20.95M | Jul 2021 | RXL vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.54% | 69.49M | Apr 2021 | RXL vs XDSQ |
Lowest Drawdown Alternatives to RXL
RXL has a 1-year max drawdown of -21.33%. There are 29 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% | 22.82M | Apr 2021 | RXL vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 20.50M | Apr 2021 | RXL vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.45M | Jul 2021 | RXL vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 20.95M | Jul 2021 | RXL vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.49M | Apr 2021 | RXL vs XDSQ |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $37B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 50 | 42.86% | 37.04B | Feb 2010 | RXL vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 52 | 30.96% | 14.15B | Jun 2006 | RXL vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -27.52% | 1.45B | Oct 2021 | RXL vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 52 | 25.19% | 5.47B | Jun 2009 | RXL vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 55 | 18.15% | 8.13B | Jun 2006 | RXL vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 76 | 81.18% | 2.97B | Jan 2007 | RXL vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 33 | 9.33% | 11.63B | Oct 2013 | RXL vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -42.24% | 2.09B | Feb 2010 | RXL vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 56 | 14.90% | 410.75M | Mar 2024 | RXL vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -33.76% | 216.19M | Oct 2011 | RXL vs UVXY |
Often Compared With RXL
Investors most often compare RXL with CURE, XLV, XHS. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare RXL with Any Fund or Stock
Compare RXL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RXL with funds that move differently
ProShares Ultra Health Care alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RXL.
Explore RXL Diversifiers