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UNHG

GradeANASDAQ

Leverage Shares 2x Long UNH Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-07-22 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$17.42−0.33 (−1.86%)

As of Sep 23, 2026, 2:24 PM EDT

History starts Jul 22, 2025.
Intraday session: down, 60 prints from 17.75 to 17.42. Range 17.18 to 17.64. Use the arrow keys to read each point.$17.20$17.6010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$60M
1Y return
−5.1%
Yield · Last 12 months
Data unavailable
Holdings
5
Volume · 30D
0.8M sh
NAV per share
$18.19
52W range
low $9.14high $27.59

The ETF.net UNHG Grade

A

72/ 100

Rank 2 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for UNHG. Scores out of 100: Cost 67, Risk 72, Mission 89, Tradability 87, Holdings not scored, Durability 65. Strongest: Mission (89). Weakest: Durability (65). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 72 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank159/380 · top 42%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 89
    Category rank91/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 72
    Category rank52/285 · top 18%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 87
    Category rank29/380 · top 8%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 65
    Category rank99/380 · top 26%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on UNHG

ETF.net Research

ATwo US ETFs chase twice UnitedHealth's daily move. UNHG is the cheaper one at 0.75% a year, and it has stuck close to its 2x daily target since launching in 2025.

Stated mandate

The fund seeks daily investment results equal to twice the daily performance of UnitedHealth Group Incorporated stock, before fees and expenses.

Why people hold it

  1. 01At 0.75% a year, it undercuts the other fund targeting 2x UNH daily (UNHU, 0.99%) and sits well below the typical leveraged single-stock bull fund.leverageshares.com
  2. 02Hits its stated 2x daily objective closely, one of the tighter implementations in a cohort of 200-plus leveraged single-stock bull funds.
  3. 03Actively traded for a young single-stock fund, which keeps the on-screen cost of getting in and out modest.
  4. 04The mandate is refreshingly plain: twice UnitedHealth's daily stock move, before fees and expenses. No index, no basket, no guessing what's inside.leverageshares.com

Worth knowing

  1. 01The 2x resets every day. Hold longer and compounding takes over, so choppy stretches can leave the fund off twice UNH's move over that period.
  2. 02One stock, doubled. An earnings miss, a regulatory headline, a bad guidance day at UnitedHealth all land here with twice the force.
  3. 03Launched in 2025, so there is little history to judge, and it has not been paying distributions. This is a trading instrument, not an income holding.

UNHG Holdings

As of Sep 21, 2026, 6:57 PM
Asset class
Stocks
Holdings
5
Top-10 weight
212%
Largest holding
UNITEDHEALTH GROUP SWAP - L - CANTOR88.8%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—UNITEDHEALTH GROUP SWAP - L - CANTOR88.81%148,650$58M1
002—UNITEDHEALTH GROUP SWAP - L - CLEARSTREET52.96%88,647$35M1
003—UNITEDHEALTH GROUP SWAP - L - MAREX40.24%67,355$26M1
004—UNITEDHEALTH GROUP INCORPORATED-SWAP-NBCB-L17.98%30,100$12M1
005—First American Treasury Obligations Fund 01/01/204011.99%7,827,529$8M147

Showing 1–5 of 5 holdings

UNHG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

UNHG$9,491
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. UNHG $9,491. SPY $11,723. Use the arrow keys to read each point.$4,456$9,210$13,965Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for UNHG. Periods over one year show the average yearly return.
PeriodUNHG
Year to date+5.7%
1 month−9.2%
3 months−19.5%
1 year−5.1%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for UNHG
YearReturn barUNHG
2026 YTD+5.7%
2025+21.4%

Since listing, Jul 22, 2025

UNHG in the news

ETF.net Research hasn’t filed on UNHG yet — coverage lands here as it’s written.

UNHG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$1.90 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $1.90. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 2, 2026$1.90

UNHG Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
103.6%
Annualised · 13 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.91
vs 3-month T-bills · 13 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−57.1%
14 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
5.44
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

UNHG Cost

Expense ratio0.75%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

85 of the 329 Single-Stock Long Leveraged funds charge less.

UNHG costs $75.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.