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% | 563.43M | May 2021 | UVXY vs SVOL | |
| ProShares VIX Mid-Term Futures ETF | 0.85% | 44.93M | Jan 2011 | UVXY vs VIXM | |
| ProShares VIX Short-Term Futures ETF | 0.85% | 229.68M | Jan 2011 | UVXY vs VIXY | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | 0.89% | 510.38M | Jan 2018 | UVXY vs VXX |
Best Risk-Adjusted Alternatives to UVXY
UVXY has a PortfoliosLab risk / return rank of 1. There are 5 ETFs in the Volatility category with higher risk-adjusted ranks, going as high as 31.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short VIX Short-Term Futures ETF | 31 | 249.79M | Oct 2011 | UVXY vs SVXY | |
| Simplify Volatility Premium ETF | 18 | 563.43M | May 2021 | UVXY vs SVOL | |
| Volatility Premium Plus ETF | 16 | 14.96M | Apr 2023 | UVXY vs ZVOL | |
| ProShares VIX Mid-Term Futures ETF | 4 | 44.93M | Jan 2011 | UVXY vs VIXM | |
| Volatility Shares 2x Long VIX Futures ETF | 2 | 425.83M | Mar 2022 | UVXY vs UVIX |
Top Performing UVXY Alternatives (YTD)
UVXY is at -19.06% YTD. There are 6 ETFs in the Volatility category with higher YTD returns, going as high as 1.31%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares VIX Mid-Term Futures ETF | 1.31% | 44.93M | Jan 2011 | UVXY vs VIXM | |
| Simplify Volatility Premium ETF | -0.40% | 563.43M | May 2021 | UVXY vs SVOL | |
| ProShares Short VIX Short-Term Futures ETF | -0.92% | 249.79M | Oct 2011 | UVXY vs SVXY | |
| Volatility Premium Plus ETF | -2.29% | 14.96M | Apr 2023 | UVXY vs ZVOL | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | -8.16% | 510.38M | Jan 2018 | UVXY vs VXX |
Lowest Volatility Alternatives to UVXY
UVXY has 84.42% 1-year volatility. There are 7 ETFs in the Volatility category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dynamic Shares Trust - Dynamic Short Short-Term Vo... | 0.00% | 6.57M | Jan 2022 | UVXY vs WEIX | |
| Volatility Premium Plus ETF | 18.74% | 14.96M | Apr 2023 | UVXY vs ZVOL | |
| ProShares VIX Mid-Term Futures ETF | 18.98% | 44.93M | Jan 2011 | UVXY vs VIXM | |
| Simplify Volatility Premium ETF | 20.90% | 563.43M | May 2021 | UVXY vs SVOL | |
| ProShares Short VIX Short-Term Futures ETF | 28.62% | 249.79M | Oct 2011 | UVXY vs SVXY |
Lowest Drawdown Alternatives to UVXY
UVXY has a 1-year max drawdown of -75.22%. There are 6 ETFs in the Volatility category with shallower 1-year drawdowns, going as shallow as -13.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | -13.01% | 563.43M | May 2021 | UVXY vs SVOL | |
| ProShares VIX Mid-Term Futures ETF | -15.22% | 44.93M | Jan 2011 | UVXY vs VIXM | |
| Volatility Premium Plus ETF | -16.46% | 14.96M | Apr 2023 | UVXY vs ZVOL | |
| ProShares Short VIX Short-Term Futures ETF | -22.94% | 249.79M | Oct 2011 | UVXY vs SVXY | |
| iPath Series B S&P 500 VIX Short-Term Futures ETN | -56.23% | 510.38M | Jan 2018 | UVXY vs VXX |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 9 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 | 71 | 64.46% | 39.77B | Feb 2010 | UVXY vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -26.37% | 1.70B | Oct 2021 | UVXY vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 69 | 42.06% | 14.46B | Jun 2006 | UVXY vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 62 | 27.90% | 5.55B | Jun 2009 | UVXY vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 62 | 19.37% | 8.38B | Jun 2006 | UVXY vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 22 | 3.51% | 11.07B | Oct 2013 | UVXY vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 90 | 114.00% | 3.05B | Jan 2007 | UVXY vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities | 0 | -45.27% | 2.23B | Feb 2010 | UVXY vs SQQQ | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -52.92% | 446.55M | Apr 2024 | UVXY vs BITU | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 70 | 18.72% | 429.77M | Mar 2024 | UVXY vs IQQQ |
Often Compared With UVXY
Investors most often compare UVXY with SPY, SPXS, XLU. These 19 comparison targets span 9 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