ProShares Ultra 20+ Year Treasury (UBT) belongs to the Leveraged Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with UBT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UBT
UBT charges 0.95% annually. There are 2 ETFs in the Leveraged Bonds category with lower expense ratios, going as low as 0.85%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN | 0.85% | 4.82M | Sep 2018 | UBT vs PFFL | |
| ProShares UltraShort 20+ Year Treasury | 0.93% | 332.94M | Apr 2008 | UBT vs TBT | |
| UltraPro Short 20+ Year Treasury | 0.95% | 18.81M | Mar 2012 | UBT vs TTT | |
| ProShares UltraShort 7-10 Year Treasury | 0.95% | 11.43M | Apr 2008 | UBT vs PST | |
| ProShares Ultra High Yield | 0.95% | 8.68M | Apr 2011 | UBT vs UJB |
Best Risk-Adjusted Alternatives to UBT
UBT has a PortfoliosLab risk / return rank of 11. There are 5 ETFs in the Leveraged Bonds category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T-Rex 2X Long Alphabet Daily Target ETF | 93 | 48.80M | Jan 2024 | UBT vs GOOX | |
| ProShares Ultra High Yield | 35 | 8.68M | Apr 2011 | UBT vs UJB | |
| Return Stacked Bonds & Merger Arbitrage ETF | 30 | — | Dec 2024 | UBT vs RSBA | |
| ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN | 17 | 4.82M | Sep 2018 | UBT vs PFFL | |
| ProShares Ultra 7-10 Year Treasury | 14 | 15.52M | Jan 2010 | UBT vs UST |
Top Performing UBT Alternatives (YTD)
UBT is at -2.69% YTD. There are 10 ETFs in the Leveraged Bonds category with higher YTD returns, going as high as 18.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| T-Rex 2X Long Alphabet Daily Target ETF | 18.83% | 48.80M | Jan 2024 | UBT vs GOOX | |
| Direxion Daily 7-10 Year Treasury Bear 3X | 8.03% | 12.19M | Apr 2009 | UBT vs TYO | |
| Direxion Daily 20-Year Treasury Bear 3X | 4.73% | 187.70M | Apr 2009 | UBT vs TMV | |
| ProShares UltraShort 7-10 Year Treasury | 4.57% | 11.43M | Apr 2008 | UBT vs PST | |
| UltraPro Short 20+ Year Treasury | 3.59% | 18.81M | Mar 2012 | UBT vs TTT |
Lowest Volatility Alternatives to UBT
UBT has 19.41% 1-year volatility. There are 8 ETFs in the Leveraged Bonds category with lower 1-year volatility, going as low as 4.59%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Merger Arbitrage ETF | 4.59% | — | Dec 2024 | UBT vs RSBA | |
| ProShares Ultra High Yield | 7.29% | 8.68M | Apr 2011 | UBT vs UJB | |
| ProShares Ultra 7-10 Year Treasury | 9.50% | 15.52M | Jan 2010 | UBT vs UST | |
| ProShares UltraShort 7-10 Year Treasury | 9.62% | 11.43M | Apr 2008 | UBT vs PST | |
| Roundhill Treasury Bond WeeklyPay ETF | 10.78% | — | Nov 2025 | UBT vs TSYW |
Lowest Drawdown Alternatives to UBT
UBT has a 1-year max drawdown of -16.86%. There are 8 ETFs in the Leveraged Bonds category with shallower 1-year drawdowns, going as shallow as -2.74%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Merger Arbitrage ETF | -2.74% | — | Dec 2024 | UBT vs RSBA | |
| ProShares Ultra High Yield | -5.01% | 8.68M | Apr 2011 | UBT vs UJB | |
| ProShares UltraShort 7-10 Year Treasury | -7.25% | 11.43M | Apr 2008 | UBT vs PST | |
| ProShares Ultra 7-10 Year Treasury | -8.75% | 15.52M | Jan 2010 | UBT vs UST | |
| Direxion Daily 7-10 Year Treasury Bear 3X | -10.48% | 12.19M | Apr 2009 | UBT vs TYO |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 8 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 | 64.46% | 39.77B | Feb 2010 | UBT vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -26.37% | 1.70B | Oct 2021 | UBT vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 69 | 42.06% | 14.46B | Jun 2006 | UBT vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 62 | 27.90% | 5.55B | Jun 2009 | UBT vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 62 | 19.37% | 8.38B | Jun 2006 | UBT vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 22 | 3.51% | 11.07B | Oct 2013 | UBT vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 90 | 114.00% | 3.05B | Jan 2007 | UBT vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities | 0 | -45.27% | 2.23B | Feb 2010 | UBT vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -19.06% | 398.99M | Oct 2011 | UBT vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -52.92% | 446.55M | Apr 2024 | UBT vs BITU |
Often Compared With UBT
Investors most often compare UBT with TLT, TMF, KMLM. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare UBT with Any Fund or Stock
Compare UBT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UBT with funds that move differently
ProShares Ultra 20+ Year Treasury alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UBT.
Explore UBT Diversifiers