ProShares Ultra Palladium K-1 Free ETF (UPAL) belongs to the Leveraged Commodities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with UPAL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UPAL
UPAL charges 0.95% annually. There are 4 ETFs in the Leveraged Commodities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Gold Strategy PLUS Income ETF | 0.50% | 37.88M | Dec 2024 | UPAL vs YGLD | |
| DB Gold Double Long Exchange Traded Notes | 0.75% | 228.65M | Feb 2008 | UPAL vs DGP | |
| DB Gold Double Short Exchange Traded Notes | 0.75% | 941.91K | Feb 2008 | UPAL vs DZZ | |
| ProShares Ultra Silver | 0.93% | 1.21B | Dec 2008 | UPAL vs AGQ | |
| ProShares UltraShort Bloomberg Natural Gas | 0.95% | 141.09M | Oct 2011 | UPAL vs KOLD |
Best Risk-Adjusted Alternatives to UPAL
Among 15 ETFs in the Leveraged Commodities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 26.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | 26 | 297.53M | Nov 2008 | UPAL vs UCO | |
| MicroSectors Oil & Gas Exploration & Production 3X... | 25 | 65.33M | Mar 2017 | UPAL vs OILU | |
| ProShares Ultra Silver | 20 | 1.21B | Dec 2008 | UPAL vs AGQ | |
| DB Gold Double Long Exchange Traded Notes | 20 | 228.65M | Feb 2008 | UPAL vs DGP | |
| DB Gold Double Short Exchange Traded Notes | 19 | 941.91K | Feb 2008 | UPAL vs DZZ |
Top Performing UPAL Alternatives (YTD)
Among 16 ETFs in the Leveraged Commodities category with YTD return data, the top-performing alternatives shown here go as high as 71.53%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | 71.53% | 297.53M | Nov 2008 | UPAL vs UCO | |
| MicroSectors Oil & Gas Exploration & Production 3X... | 43.47% | 65.33M | Mar 2017 | UPAL vs OILU | |
| Teucrium 2x Daily Wheat ETF | 12.98% | 7.02M | Dec 2024 | UPAL vs WXET | |
| ProShares UltraShort Gold | 3.17% | 109.44M | Dec 2008 | UPAL vs GLL | |
| Roundhill Gold WeeklyPay ETF | -10.88% | 17.57M | Oct 2025 | UPAL vs GLDW |
Lowest Volatility Alternatives to UPAL
UPAL has 80.57% 1-year volatility. There are 12 ETFs in the Leveraged Commodities category with lower 1-year volatility, going as low as 36.70%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Teucrium 2x Daily Corn ETF | 36.70% | 4.25M | Dec 2024 | UPAL vs CXRN | |
| Roundhill Gold WeeklyPay ETF | 37.17% | 17.57M | Oct 2025 | UPAL vs GLDW | |
| Simplify Gold Strategy PLUS Income ETF | 42.04% | 37.88M | Dec 2024 | UPAL vs YGLD | |
| Teucrium 2x Daily Wheat ETF | 48.43% | 7.02M | Dec 2024 | UPAL vs WXET | |
| ProShares UltraShort Gold | 54.72% | 109.44M | Dec 2008 | UPAL vs GLL |
Lowest Drawdown Alternatives to UPAL
Among 15 ETFs in the Leveraged Commodities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -30.76%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Teucrium 2x Daily Wheat ETF | -30.76% | 7.02M | Dec 2024 | UPAL vs WXET | |
| Teucrium 2x Daily Corn ETF | -31.96% | 4.25M | Dec 2024 | UPAL vs CXRN | |
| ProShares Ultra Bloomberg Crude Oil | -37.61% | 297.53M | Nov 2008 | UPAL vs UCO | |
| Simplify Gold Strategy PLUS Income ETF | -42.80% | 37.88M | Dec 2024 | UPAL vs YGLD | |
| MicroSectors Oil & Gas Exploration & Production 3X... | -44.33% | 65.33M | Mar 2017 | UPAL vs OILU |
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 $35B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 54 | 46.66% | 34.64B | Feb 2010 | UPAL vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -32.24% | 1.37B | Oct 2021 | UPAL vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 55 | 33.17% | 13.39B | Jun 2006 | UPAL vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 48 | 20.40% | 5.12B | Jun 2009 | UPAL vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 51 | 15.03% | 7.64B | Jun 2006 | UPAL vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 9.42% | 11.58B | Oct 2013 | UPAL vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 80 | 87.20% | 2.80B | Jan 2007 | UPAL vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -42.94% | 2.16B | Feb 2010 | UPAL vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -28.44% | 247.12M | Oct 2011 | UPAL vs UVXY | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 58 | 15.32% | 408.47M | Mar 2024 | UPAL vs IQQQ |
Compare UPAL with Any Fund or Stock
Compare UPAL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UPAL with funds that move differently
ProShares Ultra Palladium K-1 Free ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UPAL.
Explore UPAL Diversifiers