ProShares Ultra Financials (UYG) 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 UYG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UYG
UYG charges 0.95% annually. There are 93 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 34.82M | Mar 2026 | UYG vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.88M | Sep 2021 | UYG vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 245.47M | May 2014 | UYG vs SPUU | |
| Leverage Shares 2X Long CIFR Daily ETF | 0.75% | 5.86M | Dec 2025 | UYG vs CIFG | |
| Leverage Shares 2X Long CRML Daily ETF | 0.75% | 3.12M | Feb 2026 | UYG vs CRMU |
Best Risk-Adjusted Alternatives to UYG
UYG has a PortfoliosLab risk / return rank of 10. There are 149 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 98 | 1.70B | Nov 2024 | UYG vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.45M | Apr 2021 | UYG vs XTAP | |
| GraniteShares 2x Long INTC Daily ETF | 98 | 762.39M | Feb 2025 | UYG vs INTW | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.21M | Apr 2021 | UYG vs QTAP | |
| Direxion Daily Semiconductor Bull 3X ETF | 95 | 29.70B | Mar 2010 | UYG vs SOXL |
Top Performing UYG Alternatives (YTD)
UYG is at -6.60% YTD. There are 183 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 882.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 882.83% | 1.70B | Nov 2024 | UYG vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 699.05% | 123.00M | Nov 2025 | UYG vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 691.84% | 762.39M | Feb 2025 | UYG vs INTW | |
| GraniteShares 2x Long DELL Daily ETF | 628.47% | 150.09M | Feb 2025 | UYG vs DLLL | |
| GraniteShares 2x Long MRVL Daily ETF | 542.03% | 1.05B | Mar 2025 | UYG vs MVLL |
Lowest Volatility Alternatives to UYG
UYG has 28.93% 1-year volatility. There are 34 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.75%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.75% | 22.45M | Apr 2021 | UYG vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.06% | 20.21M | Apr 2021 | UYG vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.34% | 13.36M | Jul 2021 | UYG vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 9.86% | 22.19M | Jul 2021 | UYG vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.50% | 68.71M | Apr 2021 | UYG vs XDSQ |
Lowest Drawdown Alternatives to UYG
UYG has a 1-year max drawdown of -28.91%. There are 62 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.45M | Apr 2021 | UYG vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 20.21M | Apr 2021 | UYG vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.36M | Jul 2021 | UYG vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.19M | Jul 2021 | UYG vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.71M | Apr 2021 | UYG vs XDSQ |
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 $35B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 45 | 36.47% | 34.64B | Feb 2010 | UYG vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -32.82% | 1.37B | Oct 2021 | UYG vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 47 | 26.68% | 13.39B | Jun 2006 | UYG vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 42 | 14.61% | 5.12B | Jun 2009 | UYG vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 45 | 11.68% | 7.64B | Jun 2006 | UYG vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 38 | 9.31% | 11.58B | Oct 2013 | UYG vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 76 | 76.74% | 2.80B | Jan 2007 | UYG vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -38.23% | 2.16B | Feb 2010 | UYG vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -24.24% | 247.12M | Oct 2011 | UYG vs UVXY | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 51 | 12.97% | 408.47M | Mar 2024 | UYG vs IQQQ |
Often Compared With UYG
Investors most often compare UYG with SKF, XLF, FAS. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare UYG with Any Fund or Stock
Compare UYG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UYG with funds that move differently
ProShares Ultra Financials alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UYG.
Explore UYG Diversifiers