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% | 4.44M | Sep 2018 | UBT vs PFFL | |
| ProShares UltraShort 20+ Year Treasury | 0.93% | 317.44M | Apr 2008 | UBT vs TBT | |
| ProShares UltraShort 7-10 Year Treasury | 0.95% | 10.62M | Apr 2008 | UBT vs PST | |
| ProShares Ultra 7-10 Year Treasury | 0.95% | 14.95M | Jan 2010 | UBT vs UST | |
| UltraPro Short 20+ Year Treasury | 0.95% | 19.45M | Mar 2012 | UBT vs TTT |
Best Risk-Adjusted Alternatives to UBT
UBT has a PortfoliosLab risk / return rank of 5. There are 9 ETFs in the Leveraged Bonds category with higher risk-adjusted ranks, going as high as 38.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily 7-10 Year Treasury Bear 3X | 38 | 12.41M | Apr 2009 | UBT vs TYO | |
| ProShares UltraShort 7-10 Year Treasury | 35 | 10.62M | Apr 2008 | UBT vs PST | |
| ProShares Ultra High Yield | 34 | 10.13M | Apr 2011 | UBT vs UJB | |
| Direxion Daily 20-Year Treasury Bear 3X | 28 | 185.07M | Apr 2009 | UBT vs TMV | |
| ProShares UltraShort 20+ Year Treasury | 26 | 317.44M | Apr 2008 | UBT vs TBT |
Top Performing UBT Alternatives (YTD)
UBT is at -9.14% YTD. There are 10 ETFs in the Leveraged Bonds category with higher YTD returns, going as high as 16.38%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily 20-Year Treasury Bear 3X | 16.38% | 185.07M | Apr 2009 | UBT vs TMV | |
| UltraPro Short 20+ Year Treasury | 14.61% | 19.45M | Mar 2012 | UBT vs TTT | |
| Direxion Daily 7-10 Year Treasury Bear 3X | 12.39% | 12.41M | Apr 2009 | UBT vs TYO | |
| ProShares UltraShort 20+ Year Treasury | 10.43% | 317.44M | Apr 2008 | UBT vs TBT | |
| ProShares UltraShort 7-10 Year Treasury | 7.47% | 10.62M | Apr 2008 | UBT vs PST |
Lowest Volatility Alternatives to UBT
UBT has 18.34% 1-year volatility. There are 8 ETFs in the Leveraged Bonds category with lower 1-year volatility, going as low as 4.49%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Merger Arbitrage ETF | 4.49% | — | Dec 2024 | UBT vs RSBA | |
| ProShares Ultra High Yield | 7.37% | 10.13M | Apr 2011 | UBT vs UJB | |
| ProShares Ultra 7-10 Year Treasury | 9.01% | 14.95M | Jan 2010 | UBT vs UST | |
| ProShares UltraShort 7-10 Year Treasury | 9.14% | 10.62M | Apr 2008 | UBT vs PST | |
| Roundhill Treasury Bond WeeklyPay ETF | 10.83% | — | Nov 2025 | UBT vs TSYW |
Lowest Drawdown Alternatives to UBT
UBT has a 1-year max drawdown of -18.25%. 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 UltraShort 7-10 Year Treasury | -4.73% | 10.62M | Apr 2008 | UBT vs PST | |
| ProShares Ultra High Yield | -5.01% | 10.13M | Apr 2011 | UBT vs UJB | |
| Direxion Daily 7-10 Year Treasury Bear 3X | -6.90% | 12.41M | Apr 2009 | UBT vs TYO | |
| ProShares Ultra 7-10 Year Treasury | -8.86% | 14.95M | Jan 2010 | UBT vs UST |
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 | UBT vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 48 | 23.13% | 12.76B | Jun 2006 | UBT vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -28.40% | 1.41B | Oct 2021 | UBT vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 65 | 26.96% | 5.15B | Jun 2009 | UBT vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 67 | 19.52% | 7.81B | Jun 2006 | UBT vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 58 | 55.27% | 2.47B | Jan 2007 | UBT vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 51 | 11.50% | 11.68B | Oct 2013 | UBT vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -38.05% | 2.00B | Feb 2010 | UBT vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 52 | 11.89% | 394.37M | Mar 2024 | UBT vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -36.18% | 244.68M | Oct 2011 | UBT vs UVXY |
Often Compared With UBT
Investors most often compare UBT with TLT, TMF, KMLM. These 20 comparison targets span 15 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