ProShares UltraPro Short S&P500 (SPXU) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SPXU. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPXU
SPXU charges 0.90% annually. There are 107 ETFs in the S&P 500 category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF | 0.02% | 158.31B | Nov 2005 | SPXU vs SPYM | |
| iShares Core S&P 500 ETF | 0.03% | 894.38B | May 2000 | SPXU vs IVV | |
| Vanguard S&P 500 ETF | 0.03% | 1.70T | Sep 2010 | SPXU vs VOO | |
| SPDR Portfolio S&P 500 Value ETF | 0.04% | 35.82B | Sep 2000 | SPXU vs SPYV | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.04% | 52.75B | Sep 2000 | SPXU vs SPYG |
Best Risk-Adjusted Alternatives to SPXU
SPXU has a PortfoliosLab risk / return rank of 1. There are 102 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | SPXU vs CPSP | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | SPXU vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 97 | 56.60M | May 2024 | SPXU vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - February | 96 | — | Jan 2025 | SPXU vs PMFB | |
| Calamos S&P 500 Structured Alt Protection ETF - Se... | 95 | 32.10M | Sep 2024 | SPXU vs CPST |
Top Performing SPXU Alternatives (YTD)
SPXU is at -25.00% YTD. There are 110 ETFs in the S&P 500 category with higher YTD returns, going as high as 53.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 High Beta Bull 3X Shares | 53.82% | 94.34M | Nov 2019 | SPXU vs HIBL | |
| Invesco S&P 500 Equal Weight Technology ETF | 31.56% | 5.69B | Jan 2006 | SPXU vs RSPT | |
| Invesco S&P 500 Equal Weight Energy ETF | 31.41% | 540.52M | Nov 2006 | SPXU vs RSPG | |
| Direxion Daily S&P 500 Bull 3X ETF | 24.85% | 6.98B | Nov 2008 | SPXU vs SPXL | |
| ProShares UltraPro S&P 500 | 24.61% | 5.47B | Jun 2009 | SPXU vs UPRO |
Lowest Volatility Alternatives to SPXU
SPXU has 37.51% 1-year volatility. There are 109 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 1.31%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | SPXU vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.36% | 19.60M | Apr 2025 | SPXU vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 1.66% | 56.60M | May 2024 | SPXU vs CPSM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | 1.90% | 25.70M | Jun 2025 | SPXU vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | 1.97% | — | May 2025 | SPXU vs PMJN |
Lowest Drawdown Alternatives to SPXU
SPXU has a 1-year max drawdown of -43.83%. There are 102 ETFs in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -0.37%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | SPXU vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | SPXU vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - May | -0.60% | — | Apr 2025 | SPXU vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | -1.03% | 25.70M | Jun 2025 | SPXU vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | -1.15% | — | May 2025 | SPXU vs PMJN |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 11 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 | 41 | 34.71% | 37.04B | Feb 2010 | SPXU vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 44 | 25.90% | 14.15B | Jun 2006 | SPXU vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -27.77% | 1.45B | Oct 2021 | SPXU vs BITO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 54 | 17.80% | 8.13B | Jun 2006 | SPXU vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 60 | 63.25% | 2.97B | Jan 2007 | SPXU vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 40 | 11.29% | 11.63B | Oct 2013 | SPXU vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -38.86% | 2.09B | Feb 2010 | SPXU vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 48 | 12.64% | 410.75M | Mar 2024 | SPXU vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -34.93% | 216.19M | Oct 2011 | SPXU vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 1 | -56.31% | 362.31M | Apr 2024 | SPXU vs BITU |
Often Compared With SPXU
Investors most often compare SPXU with SPXS, SDS, SPY. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare SPXU with Any Fund or Stock
Compare SPXU with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPXU with funds that move differently
ProShares UltraPro Short S&P500 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPXU.
Explore SPXU Diversifiers