ProShares Ultra Euro (ULE) belongs to the Leveraged Currency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ULE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ULE
ULE charges 0.95% annually. There is 1 ETF in the Leveraged Currency category with a lower expense ratio, going as low as 0.81%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Currency Strategy ETF | 0.81% | 362.35M | Feb 2025 | ULE vs FOXY | |
| ProShares Ultra Yen | 0.95% | 32.36M | Nov 2008 | ULE vs YCL | |
| ProShares UltraShort Euro | 0.99% | 35.38M | Nov 2008 | ULE vs EUO | |
| ProShares UltraShort Yen | 1.00% | 36.37M | Nov 2008 | ULE vs YCS |
Best Risk-Adjusted Alternatives to ULE
ULE has a PortfoliosLab risk / return rank of 5. There are 3 ETFs in the Leveraged Currency category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Currency Strategy ETF | 89 | 362.35M | Feb 2025 | ULE vs FOXY | |
| ProShares UltraShort Yen | 75 | 36.37M | Nov 2008 | ULE vs YCS | |
| ProShares UltraShort Euro | 26 | 35.38M | Nov 2008 | ULE vs EUO | |
| ProShares Ultra Yen | 0 | 32.36M | Nov 2008 | ULE vs YCL |
Top Performing ULE Alternatives (YTD)
ULE is at -6.22% YTD. There are 3 ETFs in the Leveraged Currency category with higher YTD returns, going as high as 13.57%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Currency Strategy ETF | 13.57% | 362.35M | Feb 2025 | ULE vs FOXY | |
| ProShares UltraShort Yen | 10.29% | 36.37M | Nov 2008 | ULE vs YCS | |
| ProShares UltraShort Euro | 8.40% | 35.38M | Nov 2008 | ULE vs EUO | |
| ProShares Ultra Yen | -8.16% | 32.36M | Nov 2008 | ULE vs YCL |
Lowest Volatility Alternatives to ULE
ULE has 13.03% 1-year volatility. There are 2 ETFs in the Leveraged Currency category with lower 1-year volatility, going as low as 9.83%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Currency Strategy ETF | 9.83% | 362.35M | Feb 2025 | ULE vs FOXY | |
| ProShares UltraShort Euro | 12.62% | 35.38M | Nov 2008 | ULE vs EUO | |
| ProShares Ultra Yen | 16.30% | 32.36M | Nov 2008 | ULE vs YCL | |
| ProShares UltraShort Yen | 16.66% | 36.37M | Nov 2008 | ULE vs YCS |
Lowest Drawdown Alternatives to ULE
ULE has a 1-year max drawdown of -11.67%. There are 3 ETFs in the Leveraged Currency category with shallower 1-year drawdowns, going as shallow as -4.32%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Currency Strategy ETF | -4.32% | 362.35M | Feb 2025 | ULE vs FOXY | |
| ProShares UltraShort Euro | -8.05% | 35.38M | Nov 2008 | ULE vs EUO | |
| ProShares UltraShort Yen | -8.30% | 36.37M | Nov 2008 | ULE vs YCS | |
| ProShares Ultra Yen | -22.69% | 32.36M | Nov 2008 | ULE vs YCL |
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 $37B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 53 | 46.69% | 37.04B | Feb 2010 | ULE vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 55 | 33.19% | 14.15B | Jun 2006 | ULE vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -28.18% | 1.45B | Oct 2021 | ULE vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 53 | 26.83% | 5.47B | Jun 2009 | ULE vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 56 | 19.14% | 8.13B | Jun 2006 | ULE vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 78 | 85.14% | 2.97B | Jan 2007 | ULE vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 33 | 10.28% | 11.63B | Oct 2013 | ULE vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -43.51% | 2.09B | Feb 2010 | ULE vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 59 | 15.80% | 410.75M | Mar 2024 | ULE vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -35.49% | 216.19M | Oct 2011 | ULE vs UVXY |
Often Compared With ULE
Investors most often compare ULE with UGL, AGQ, VOO. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare ULE with Any Fund or Stock
Compare ULE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ULE with funds that move differently
ProShares Ultra Euro alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ULE.
Explore ULE Diversifiers