ProShares UltraShort Utilities (SDP) 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 SDP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SDP
SDP charges 0.95% annually. There are 96 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% | 43.18M | Mar 2026 | SDP vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.07M | Sep 2021 | SDP vs IFED | |
| Corgi BRKB 2x Daily ETF | 0.45% | — | Jul 2026 | SDP vs BRKL | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 260.25M | May 2014 | SDP vs SPUU | |
| Leverage Shares 2X Long NVDA Daily ETF | 0.75% | — | Dec 2024 | SDP vs NVDG |
Best Risk-Adjusted Alternatives to SDP
SDP has a PortfoliosLab risk / return rank of 7. There are 184 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 98 | 3.86B | Oct 2024 | SDP vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 531.06M | Nov 2024 | SDP vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.69M | Apr 2021 | SDP vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.37M | Apr 2021 | SDP vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 97 | 282.58M | Feb 2025 | SDP vs INTW |
Top Performing SDP Alternatives (YTD)
SDP is at -9.06% YTD. There are 188 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 699.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 699.96% | 101.24M | Feb 2025 | SDP vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 378.90% | 3.86B | Oct 2024 | SDP vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 365.77% | 531.06M | Nov 2024 | SDP vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 266.23% | 63.06M | Nov 2025 | SDP vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 265.05% | 282.58M | Feb 2025 | SDP vs INTW |
Lowest Volatility Alternatives to SDP
SDP has 30.20% 1-year volatility. There are 39 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.89%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.89% | 22.69M | Apr 2021 | SDP vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.61% | 20.37M | Apr 2021 | SDP vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.75% | 13.42M | Jul 2021 | SDP vs XTJL | |
| Innovator US Equity Accelerated ETF | 10.94% | 69.34M | Apr 2021 | SDP vs XDSQ | |
| Innovator Growth Accelerated Plus ETF - July | 11.73% | 19.11M | Jul 2021 | SDP vs QTJL |
Lowest Drawdown Alternatives to SDP
SDP has a 1-year max drawdown of -25.44%. There are 42 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% | 22.69M | Apr 2021 | SDP vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.81% | 20.37M | Apr 2021 | SDP vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.42M | Jul 2021 | SDP vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -8.48% | 19.11M | Jul 2021 | SDP vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.34M | Apr 2021 | SDP 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 $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 45 | 29.42% | 32.83B | Feb 2010 | SDP vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 48 | 23.13% | 12.76B | Jun 2006 | SDP vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -28.40% | 1.41B | Oct 2021 | SDP vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 65 | 26.96% | 5.15B | Jun 2009 | SDP vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 67 | 19.52% | 7.81B | Jun 2006 | SDP vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 58 | 55.27% | 2.47B | Jan 2007 | SDP vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 51 | 11.50% | 11.68B | Oct 2013 | SDP vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -38.05% | 2.00B | Feb 2010 | SDP vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 52 | 11.89% | 394.37M | Mar 2024 | SDP vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -36.18% | 244.68M | Oct 2011 | SDP vs UVXY |
Often Compared With SDP
Investors most often compare SDP with UPW, SPY, YSPY. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare SDP with Any Fund or Stock
Compare SDP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SDP with funds that move differently
ProShares UltraShort Utilities alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SDP.
Explore SDP Diversifiers