ProShares Ultra Platinum K-1 Free ETF (UPLT) 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 UPLT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UPLT
UPLT 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% | 36.00M | Dec 2024 | UPLT vs YGLD | |
| DB Gold Double Long Exchange Traded Notes | 0.75% | 228.65M | Feb 2008 | UPLT vs DGP | |
| DB Gold Double Short Exchange Traded Notes | 0.75% | 941.91K | Feb 2008 | UPLT vs DZZ | |
| ProShares Ultra Silver | 0.93% | 1.08B | Dec 2008 | UPLT vs AGQ | |
| ProShares Ultra Palladium K-1 Free ETF | 0.95% | 2.80M | Apr 2026 | UPLT vs UPAL |
Best Risk-Adjusted Alternatives to UPLT
Among 15 ETFs in the Leveraged Commodities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 47.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| MicroSectors Oil & Gas Exploration & Production 3X... | 47 | 65.33M | Mar 2017 | UPLT vs OILU | |
| ProShares Ultra Bloomberg Crude Oil | 44 | 417.03M | Nov 2008 | UPLT vs UCO | |
| DB Gold Double Short Exchange Traded Notes | 22 | 941.91K | Feb 2008 | UPLT vs DZZ | |
| DB Gold Double Long Exchange Traded Notes | 21 | 228.65M | Feb 2008 | UPLT vs DGP | |
| ProShares Ultra Silver | 19 | 1.08B | Dec 2008 | UPLT vs AGQ |
Top Performing UPLT Alternatives (YTD)
Among 16 ETFs in the Leveraged Commodities category with YTD return data, the top-performing alternatives shown here go as high as 114.54%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | 114.54% | 417.03M | Nov 2008 | UPLT vs UCO | |
| MicroSectors Oil & Gas Exploration & Production 3X... | 79.42% | 65.33M | Mar 2017 | UPLT vs OILU | |
| Teucrium 2x Daily Wheat ETF | 52.30% | 8.22M | Dec 2024 | UPLT vs WXET | |
| ProShares UltraShort Gold | 3.56% | 130.67M | Dec 2008 | UPLT vs GLL | |
| Teucrium 2x Daily Corn ETF | -9.43% | 4.25M | Dec 2024 | UPLT vs CXRN |
Lowest Volatility Alternatives to UPLT
UPLT has 78.62% 1-year volatility. There are 12 ETFs in the Leveraged Commodities category with lower 1-year volatility, going as low as 36.28%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill Gold WeeklyPay ETF | 36.28% | 16.16M | Oct 2025 | UPLT vs GLDW | |
| Teucrium 2x Daily Corn ETF | 36.99% | 4.25M | Dec 2024 | UPLT vs CXRN | |
| Simplify Gold Strategy PLUS Income ETF | 42.36% | 36.00M | Dec 2024 | UPLT vs YGLD | |
| Teucrium 2x Daily Wheat ETF | 50.04% | 8.22M | Dec 2024 | UPLT vs WXET | |
| Direxion Daily Gold Bull 2X ETF | 52.24% | 2.36M | May 2026 | UPLT vs UGLD |
Lowest Drawdown Alternatives to UPLT
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% | 8.22M | Dec 2024 | UPLT vs WXET | |
| Teucrium 2x Daily Corn ETF | -31.96% | 4.25M | Dec 2024 | UPLT vs CXRN | |
| ProShares Ultra Bloomberg Crude Oil | -38.55% | 417.03M | Nov 2008 | UPLT vs UCO | |
| Simplify Gold Strategy PLUS Income ETF | -43.35% | 36.00M | Dec 2024 | UPLT vs YGLD | |
| MicroSectors Oil & Gas Exploration & Production 3X... | -46.49% | 65.33M | Mar 2017 | UPLT vs OILU |
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 | 38 | 28.83% | 32.81B | Feb 2010 | UPLT vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 42 | 22.29% | 12.97B | Jun 2006 | UPLT vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -26.94% | 1.40B | Oct 2021 | UPLT vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 47 | 20.15% | 5.20B | Jun 2009 | UPLT vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 51 | 14.99% | 7.93B | Jun 2006 | UPLT vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 9.79% | 11.64B | Oct 2013 | UPLT vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 61 | 58.94% | 2.53B | Jan 2007 | UPLT vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 2 | -36.18% | 2.11B | Feb 2010 | UPLT vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 46 | 11.01% | 395.28M | Mar 2024 | UPLT vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -31.12% | 251.64M | Oct 2011 | UPLT vs UVXY |
Often Compared With UPLT
Investors most often compare UPLT with KOLD, UGL, SHNY. These 4 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Bloomberg Natural Gas | Oil & Gas, Inverse Commodities, Leveraged Commodities | 19 | -19.90% | 111.42M | Oct 2011 | UPLT vs KOLD | |
| ProShares Ultra Gold | Leveraged Commodities | 19 | -21.85% | 637.90M | Dec 2008 | UPLT vs UGL | |
| MicroSectors Gold 3X Leveraged ETN | Leveraged Commodities | 14 | -40.62% | 115.40M | Feb 2023 | UPLT vs SHNY | |
| ProShares UltraShort Bloomberg Crude Oil | Oil & Gas, Leveraged Commodities | 1 | -65.36% | 622.61M | Nov 2008 | UPLT vs SCO |
Compare UPLT with Any Fund or Stock
Compare UPLT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UPLT with funds that move differently
ProShares Ultra Platinum K-1 Free ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UPLT.
Explore UPLT Diversifiers