ProShares Ultra SmallCap600 (SAA) 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 SAA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SAA
SAA 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 | SAA vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.98M | Sep 2021 | SAA vs IFED | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.64% | 241.41M | May 2014 | SAA vs SPUU | |
| Leverage Shares 2X Long ARM Daily ETF | 0.75% | 75.08M | Jan 2025 | SAA vs ARMG | |
| Leverage Shares 2X Long TSM Daily ETF | 0.75% | 23.74M | Jan 2025 | SAA vs TSMG |
Best Risk-Adjusted Alternatives to SAA
SAA has a PortfoliosLab risk / return rank of 57. There are 57 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 | 3.44B | Oct 2024 | SAA vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 99 | 1.11B | Nov 2024 | SAA vs MULL | |
| Innovator Growth Accelerated Plus ETF - April | 98 | 19.26M | Apr 2021 | SAA vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.62M | Apr 2021 | SAA vs XTAP | |
| Direxion Daily South Korea Bull 3X Shares | 98 | 1.73B | Apr 2013 | SAA vs KORU |
Top Performing SAA Alternatives (YTD)
SAA is at 30.42% YTD. There are 103 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 | SAA vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 907.48% | 1.11B | Nov 2024 | SAA vs MULL | |
| Leverage Shares 2X Long ARM Daily ETF | 888.42% | 75.08M | Jan 2025 | SAA vs ARMG | |
| GraniteShares 2x Long DELL Daily ETF | 816.87% | 101.08M | Feb 2025 | SAA vs DLLL | |
| GraniteShares 2x Long MRVL Daily ETF | 779.83% | 568.50M | Mar 2025 | SAA vs MVLL |
Lowest Volatility Alternatives to SAA
SAA has 35.90% 1-year volatility. There are 63 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 | SAA vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 5.57% | 19.26M | Apr 2021 | SAA vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.43% | 13.32M | Jul 2021 | SAA vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.02% | 22.12M | Jul 2021 | SAA vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.56% | 68.42M | Apr 2021 | SAA vs XDSQ |
Lowest Drawdown Alternatives to SAA
SAA has a 1-year max drawdown of -18.21%. There are 20 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going 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 | SAA vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -1.69% | 19.26M | Apr 2021 | SAA vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.32M | Jul 2021 | SAA vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.12M | Jul 2021 | SAA vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.42M | Apr 2021 | SAA 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 | SAA vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -24.14% | 1.70B | Oct 2021 | SAA vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 73 | 42.81% | 14.46B | Jun 2006 | SAA vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 69 | 30.62% | 5.55B | Jun 2009 | SAA vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 68 | 21.07% | 8.38B | Jun 2006 | SAA vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | S&P 500, Dividend | 23 | 3.68% | 11.07B | Oct 2013 | SAA vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 92 | 116.46% | 3.05B | Jan 2007 | SAA vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities | 0 | -45.68% | 2.23B | Feb 2010 | SAA vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -18.87% | 398.99M | Oct 2011 | SAA vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -50.14% | 446.55M | Apr 2024 | SAA vs BITU |
Often Compared With SAA
Investors most often compare SAA with MVV, TNA, URTY. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare SAA with Any Fund or Stock
Compare SAA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SAA with funds that move differently
ProShares Ultra SmallCap600 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SAA.
Explore SAA Diversifiers