ProShares UltraPro S&P 500 (UPRO) Alternatives
ProShares UltraPro S&P 500 (UPRO) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with UPRO. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to UPRO
UPRO charges 0.92% annually. Among ETFs in the Leveraged Equities category, these options have the lowest expense ratios among UPRO alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | Sep 14, 2021 | UPRO vs IFED | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.64% | May 28, 2014 | UPRO vs SPUU | |
| Leverage Shares 2X Long NVDA Daily ETF | 0.75% | Dec 12, 2024 | UPRO vs NVDG | |
| Leverage Shares 2X Long AMD Daily ETF | 0.75% | Jan 24, 2025 | UPRO vs AMDG | |
| Leverage Shares 2X Long TSLA Daily ETF | 0.75% | Dec 12, 2024 | UPRO vs TSLG |
Best Risk-Adjusted Alternatives to UPRO
Among ETFs in the Leveraged Equities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Direxion Daily South Korea Bull 3X Shares | 98 | Apr 10, 2013 | UPRO vs KORU | |
| Direxion Daily MU Bull 2X Shares | 98 | Oct 9, 2024 | UPRO vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | Nov 11, 2024 | UPRO vs MULL | |
| Direxion Daily GOOGL Bull 2X Shares | 96 | Sep 6, 2022 | UPRO vs GGLL | |
| Direxion Daily TSM Bull 2X Shares | 96 | Oct 3, 2024 | UPRO vs TSMX |
Top Performing UPRO Alternatives (YTD)
UPRO alternatives from the Leveraged Equities category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 168.34% | Apr 9, 2019 | UPRO vs NRGU | |
| MicroSectors Energy 3X Leveraged ETN | 141.86% | Feb 16, 2023 | UPRO vs WTIU | |
| Leverage Shares 2X Long TER Daily ETF | 102.79% | Nov 17, 2025 | UPRO vs TERG | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | 102.61% | Apr 1, 2020 | UPRO vs GUSH | |
| ProShares Ultra Oil & Gas | 85.56% | Jan 30, 2007 | UPRO vs DIG |
Lowest Volatility Alternatives to UPRO
UPRO alternatives from the Leveraged Equities category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 14.33% | Apr 1, 2021 | UPRO vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 16.31% | Apr 1, 2021 | UPRO vs QTAP | |
| Roundhill BRKB WeeklyPay ETF | 17.95% | Jun 17, 2025 | UPRO vs BRKW | |
| Innovator US Equity Accelerated ETF | 17.99% | Apr 1, 2021 | UPRO vs XDSQ | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 18.18% | Jul 1, 2021 | UPRO vs XTJL |
Lowest Drawdown Alternatives to UPRO
UPRO alternatives from the Leveraged Equities category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -11.83% | Apr 1, 2021 | UPRO vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -12.04% | Apr 1, 2021 | UPRO vs QTAP | |
| Innovator US Equity Accelerated ETF | -12.18% | Apr 1, 2021 | UPRO vs XDSQ | |
| Innovator Growth Accelerated ETF - Quarterly | -12.64% | Apr 1, 2021 | UPRO vs XDQQ | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -13.81% | Jul 1, 2021 | UPRO vs XTJL |
Other ETFs from ProShares
Most popular ProShares ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 50 | -20.81% | Feb 9, 2010 | UPRO vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency, Actively Managed | 5 | -23.25% | Oct 19, 2021 | UPRO vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities, Leveraged | 57 | -13.35% | Jun 21, 2006 | UPRO vs QLD | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 51 | -10.23% | Jun 19, 2006 | UPRO vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | S&P 500, Dividend | 27 | 2.36% | Oct 9, 2013 | UPRO vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 90 | -8.58% | Jan 30, 2007 | UPRO vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Leveraged | 2 | 18.46% | Feb 9, 2010 | UPRO vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Leveraged, Volatility | 5 | 45.56% | Oct 3, 2011 | UPRO vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 3 | -47.12% | Apr 1, 2024 | UPRO vs BITU | |
| ProShares Ultra Bloomberg Natural Gas | Leveraged Commodities, Leveraged | 2 | -29.61% | Oct 4, 2011 | UPRO vs BOIL |
Often Compared With UPRO
What investors most often compare with UPRO, based on PortfoliosLab usage data.
Compare UPRO with Any Fund or Stock
Compare UPRO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.