ProShares Ultra VIX Short-Term Futures ETF (UVXY) belongs to the Volatility category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with UVXY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UVXY
UVXY charges 0.95% annually. There are 5 ETFs in the Volatility category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Dynamic Shares Trust - Dynamic Short Short-Term Vo... | 0.50% | 6.57M | Jan 2022 | UVXY vs WEIX | |
| Simplify Volatility Premium ETF | 0.50% | 538.77M | May 2021 | UVXY vs SVOL | |
| ProShares VIX Mid-Term Futures ETF | 0.85% | 39.94M | Jan 2011 | UVXY vs VIXM | |
| ProShares VIX Short-Term Futures ETF | 0.85% | 194.21M | Jan 2011 | UVXY vs VIXY | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | 0.89% | 474.45M | Jan 2018 | UVXY vs VXX |
Best Risk-Adjusted Alternatives to UVXY
UVXY has a PortfoliosLab risk / return rank of 1. There are 6 ETFs in the Volatility category with higher risk-adjusted ranks, going as high as 38.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short VIX Short-Term Futures ETF | 38 | 226.45M | Oct 2011 | UVXY vs SVXY | |
| -1x Short VIX Futures ETF | 31 | 198.28M | Mar 2022 | UVXY vs SVIX | |
| Volatility Premium Plus ETF | 29 | 12.74M | Apr 2023 | UVXY vs ZVOL | |
| Simplify Volatility Premium ETF | 28 | 538.77M | May 2021 | UVXY vs SVOL | |
| ProShares VIX Mid-Term Futures ETF | 3 | 39.94M | Jan 2011 | UVXY vs VIXM |
Top Performing UVXY Alternatives (YTD)
UVXY is at -33.76% YTD. There are 7 ETFs in the Volatility category with higher YTD returns, going as high as 5.93%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Volatility Premium Plus ETF | 5.93% | 12.74M | Apr 2023 | UVXY vs ZVOL | |
| ProShares Short VIX Short-Term Futures ETF | 4.73% | 226.45M | Oct 2011 | UVXY vs SVXY | |
| Simplify Volatility Premium ETF | 2.56% | 538.77M | May 2021 | UVXY vs SVOL | |
| -1x Short VIX Futures ETF | 0.72% | 198.28M | Mar 2022 | UVXY vs SVIX | |
| ProShares VIX Mid-Term Futures ETF | -6.22% | 39.94M | Jan 2011 | UVXY vs VIXM |
Lowest Volatility Alternatives to UVXY
UVXY has 85.34% 1-year volatility. There are 7 ETFs in the Volatility category with lower 1-year volatility, going as low as 17.32%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | 17.32% | 538.77M | May 2021 | UVXY vs SVOL | |
| ProShares VIX Mid-Term Futures ETF | 18.62% | 39.94M | Jan 2011 | UVXY vs VIXM | |
| Volatility Premium Plus ETF | 18.78% | 12.74M | Apr 2023 | UVXY vs ZVOL | |
| ProShares Short VIX Short-Term Futures ETF | 28.86% | 226.45M | Oct 2011 | UVXY vs SVXY | |
| -1x Short VIX Futures ETF | 55.33% | 198.28M | Mar 2022 | UVXY vs SVIX |
Lowest Drawdown Alternatives to UVXY
UVXY has a 1-year max drawdown of -73.42%. There are 7 ETFs in the Volatility category with shallower 1-year drawdowns, going as shallow as -11.42%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | -11.42% | 538.77M | May 2021 | UVXY vs SVOL | |
| Volatility Premium Plus ETF | -16.46% | 12.74M | Apr 2023 | UVXY vs ZVOL | |
| ProShares VIX Mid-Term Futures ETF | -19.16% | 39.94M | Jan 2011 | UVXY vs VIXM | |
| ProShares Short VIX Short-Term Futures ETF | -22.94% | 226.45M | Oct 2011 | UVXY vs SVXY | |
| -1x Short VIX Futures ETF | -42.69% | 198.28M | Mar 2022 | UVXY vs SVIX |
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 | 50 | 42.86% | 37.04B | Feb 2010 | UVXY vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 52 | 30.96% | 14.15B | Jun 2006 | UVXY vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -27.52% | 1.45B | Oct 2021 | UVXY vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 52 | 25.19% | 5.47B | Jun 2009 | UVXY vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 55 | 18.15% | 8.13B | Jun 2006 | UVXY vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 76 | 81.18% | 2.97B | Jan 2007 | UVXY vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 33 | 9.33% | 11.63B | Oct 2013 | UVXY vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -42.24% | 2.09B | Feb 2010 | UVXY vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 56 | 14.90% | 410.75M | Mar 2024 | UVXY vs IQQQ | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 1 | -55.85% | 362.31M | Apr 2024 | UVXY vs BITU |
Often Compared With UVXY
Investors most often compare UVXY with UVIX, SPY, SPXS. These 19 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare UVXY with Any Fund or Stock
Compare UVXY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UVXY with funds that move differently
ProShares Ultra VIX Short-Term Futures ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UVXY.
Explore UVXY Diversifiers