ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) 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 SKYU. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SKYU
SKYU charges 0.95% annually. There are 93 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 | SKYU vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.98M | Sep 2021 | SKYU vs IFED | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.64% | 241.41M | May 2014 | SKYU vs SPUU | |
| Leverage Shares 2X Long ARM Daily ETF | 0.75% | 75.08M | Jan 2025 | SKYU vs ARMG | |
| Leverage Shares 2X Long TSM Daily ETF | 0.75% | 23.74M | Jan 2025 | SKYU vs TSMG |
Best Risk-Adjusted Alternatives to SKYU
SKYU has a PortfoliosLab risk / return rank of 22. There are 115 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 | SKYU vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 99 | 1.11B | Nov 2024 | SKYU vs MULL | |
| Innovator Growth Accelerated Plus ETF - April | 98 | 19.26M | Apr 2021 | SKYU vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.62M | Apr 2021 | SKYU vs XTAP | |
| Direxion Daily Semiconductor Bull 3X ETF | 97 | 22.99B | Mar 2010 | SKYU vs SOXL |
Top Performing SKYU Alternatives (YTD)
SKYU is at 20.72% YTD. There are 123 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 932.29%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MRVL Daily ETF | 932.29% | 568.50M | Mar 2025 | SKYU vs MVLL | |
| Leverage Shares 2X Long ARM Daily ETF | 841.05% | 75.08M | Jan 2025 | SKYU vs ARMG | |
| Direxion Daily MU Bull 2X Shares | 798.37% | 3.44B | Oct 2024 | SKYU vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 774.91% | 1.11B | Nov 2024 | SKYU vs MULL | |
| GraniteShares 2x Long DELL Daily ETF | 758.72% | 101.08M | Feb 2025 | SKYU vs DLLL |
Lowest Volatility Alternatives to SKYU
SKYU has 55.92% 1-year volatility. There are 139 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.68%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.68% | 22.62M | Apr 2021 | SKYU vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 5.56% | 19.26M | Apr 2021 | SKYU vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.42% | 13.32M | Jul 2021 | SKYU vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 9.99% | 22.12M | Jul 2021 | SKYU vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.54% | 68.42M | Apr 2021 | SKYU vs XDSQ |
Lowest Drawdown Alternatives to SKYU
SKYU has a 1-year max drawdown of -50.23%. There are 134 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 | SKYU vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -1.69% | 19.26M | Apr 2021 | SKYU vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.32M | Jul 2021 | SKYU vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.12M | Jul 2021 | SKYU vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.42M | Apr 2021 | SKYU 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 | 71 | 61.91% | 39.77B | Feb 2010 | SKYU vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -28.44% | 1.70B | Oct 2021 | SKYU vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 70 | 40.66% | 14.46B | Jun 2006 | SKYU vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 66 | 29.29% | 5.55B | Jun 2009 | SKYU vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 67 | 20.20% | 8.38B | Jun 2006 | SKYU vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 25 | 4.61% | 11.07B | Oct 2013 | SKYU vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 89 | 103.32% | 3.05B | Jan 2007 | SKYU vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 0 | -44.43% | 2.23B | Feb 2010 | SKYU vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -23.07% | 398.99M | Oct 2011 | SKYU vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -55.56% | 446.55M | Apr 2024 | SKYU vs BITU |
Often Compared With SKYU
Investors most often compare SKYU with FCLD, CLOU, SKYY. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare SKYU with Any Fund or Stock
Compare SKYU with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SKYU with funds that move differently
ProShares Ultra Nasdaq Cloud Computing ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SKYU.
Explore SKYU Diversifiers