ProShares Ultra 7-10 Year Treasury (UST) 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 UST. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UST
UST 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% | 4.67M | Sep 2018 | UST vs PFFL | |
| ProShares UltraShort 20+ Year Treasury | 0.93% | 309.41M | Apr 2008 | UST vs TBT | |
| ProShares Ultra High Yield | 0.95% | 21.31M | Apr 2011 | UST vs UJB | |
| ProShares Ultra 20+ Year Treasury | 0.95% | 62.45M | Jan 2010 | UST vs UBT | |
| ProShares UltraShort 7-10 Year Treasury | 0.95% | 11.48M | Apr 2008 | UST vs PST |
Best Risk-Adjusted Alternatives to UST
UST has a PortfoliosLab risk / return rank of 10. There are 6 ETFs in the Leveraged Bonds category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T-Rex 2X Long Alphabet Daily Target ETF | 93 | 56.13M | Jan 2024 | UST vs GOOX | |
| ProShares Ultra High Yield | 32 | 21.31M | Apr 2011 | UST vs UJB | |
| Return Stacked Bonds & Merger Arbitrage ETF | 27 | — | Dec 2024 | UST vs RSBA | |
| Direxion Daily 7-10 Year Treasury Bear 3X | 14 | 12.09M | Apr 2009 | UST vs TYO | |
| ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN | 13 | 4.67M | Sep 2018 | UST vs PFFL |
Top Performing UST Alternatives (YTD)
UST is at -2.82% YTD. There are 11 ETFs in the Leveraged Bonds category with higher YTD returns, going as high as 10.68%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| T-Rex 2X Long Alphabet Daily Target ETF | 10.68% | 56.13M | Jan 2024 | UST vs GOOX | |
| Direxion Daily 7-10 Year Treasury Bear 3X | 7.50% | 12.09M | Apr 2009 | UST vs TYO | |
| ProShares UltraShort 7-10 Year Treasury | 4.69% | 11.48M | Apr 2008 | UST vs PST | |
| Direxion Daily 20-Year Treasury Bear 3X | 1.44% | 169.92M | Apr 2009 | UST vs TMV | |
| ProShares Ultra High Yield | 1.07% | 21.31M | Apr 2011 | UST vs UJB |
Lowest Volatility Alternatives to UST
UST has 9.34% 1-year volatility. There are 2 ETFs in the Leveraged Bonds category with lower 1-year volatility, going as low as 4.53%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Merger Arbitrage ETF | 4.53% | — | Dec 2024 | UST vs RSBA | |
| ProShares Ultra High Yield | 7.37% | 21.31M | Apr 2011 | UST vs UJB | |
| ProShares UltraShort 7-10 Year Treasury | 9.49% | 11.48M | Apr 2008 | UST vs PST | |
| Roundhill Treasury Bond WeeklyPay ETF | 10.73% | — | Nov 2025 | UST vs TSYW | |
| Direxion Daily 7-10 Year Treasury Bull 3X | 13.85% | 34.29M | Apr 2009 | UST vs TYD |
Lowest Drawdown Alternatives to UST
UST has a 1-year max drawdown of -8.75%. There are 3 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 | UST vs RSBA | |
| ProShares Ultra High Yield | -5.01% | 21.31M | Apr 2011 | UST vs UJB | |
| ProShares UltraShort 7-10 Year Treasury | -6.90% | 11.48M | Apr 2008 | UST vs PST | |
| Direxion Daily 7-10 Year Treasury Bear 3X | -10.00% | 12.09M | Apr 2009 | UST vs TYO | |
| ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN | -11.92% | 4.67M | Sep 2018 | UST vs PFFL |
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 $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 53 | 41.43% | 39.74B | Feb 2010 | UST vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -29.93% | 1.42B | Oct 2021 | UST vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 53 | 29.58% | 14.59B | Jun 2006 | UST vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 49 | 17.21% | 5.36B | Jun 2009 | UST vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 50 | 12.95% | 8.02B | Jun 2006 | UST vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 29 | 6.48% | 11.27B | Oct 2013 | UST vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 82 | 84.65% | 3.28B | Jan 2007 | UST vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.31% | 1.83B | Feb 2010 | UST vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -22.07% | 265.17M | Oct 2011 | UST vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -58.07% | 340.85M | Apr 2024 | UST vs BITU |
Often Compared With UST
Investors most often compare UST with TLT, ANXG.L, VOO. These 18 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare UST with Any Fund or Stock
Compare UST with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UST with funds that move differently
ProShares Ultra 7-10 Year Treasury alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UST.
Explore UST Diversifiers