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AALG vs UNHG

Leverage Shares 2x Long AAL Daily ETF

AALGCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.01pt a year

AALG0.78%UNHG0.77%

Avg volume · 30D

UNHG 17.9×the volume

AALG40.5KUNHG726K

AALG vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−34.0%AALG+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. AALG −34.0%. UNHG +11.9%. Use the arrow keys to read each point.−20%0%40%Oct 2025Apr 2026Oct 2026
Expense ratio
AALG 0.78%
UNHG 0.77%, better
Fund size
AALG $4M
UNHG $63M
1Y total return
AALG −34.0%
UNHG +11.9%, better
Holdings
AALG 5
UNHG 5
Avg volume (30D)
AALG 40.5K sh
UNHG 726K sh, better
NAV per share
AALG $8.99
UNHG $20.57
52W range

ETF.net Grade

AALG: Cost 60, Risk 67, Mission 93, Tradability 65, Holdings not scored, Durability 53. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for AALG, UNHG, with each pillar’s weight
PillarAALGUNHG
Cost30% weightB60B60
Mission25% weightA93HigherA90
Risk15% weightB67A83Higher
Tradability15% weightB65A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC53B66Higher

Rank among Single-Stock Long Leveraged funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AALG and UNHG are both graded against the same 315 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 315 funds
See all 315 ›

UNHG ranks 2nd and AALG 123rd of 315 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  2. Rank 2AUNHGLeverage Shares 2x Long UNH Daily ETFScore 72
  3. Rank 3AOKTGLeverage Shares 2x Long OKTA Daily ETFScore 70
  4. Rank 118CWDCXTradr 2X Long WDC Daily ETFScore 41
  5. Rank 123CAALGLeverage Shares 2x Long AAL Daily ETFScore 40
  6. Rank 123CAAPELeverage Shares 2X Long AAPL Daily ETFScore 40

Our read on each fund

ETF.net Research

AALGCLeverage Shares 2x Long AAL Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

AALG American Airlines, amplified. AALG came to market first with 2x daily exposure to AAL, and at 0.78% it charges less than the typical leveraged single-stock fund. The leverage resets every day.

UNHG Two times UnitedHealth's daily move, reset every night: a managed-care insurer in a category stuffed with chip and AI names. UNHG got there first, and it charges 0.77%.

Stated mandate

AALG The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of American Airlines Group stock.

UNHG 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

  • AALG Launched July 2025 as the first ETF offering 2x daily leveraged exposure to American Airlines stock, a corner of the single-stock market rivals reached later.globenewswire.com
  • Charges 0.78% with no waiver attached, below the median fee in its leveraged single-stock peer group. For scale, TSMG runs 0.76% and UNHG 0.77%, also unwaived.
  • Built to do one job: swaps on AAL sized for 200% of the stock's daily move. No index committee, no basket, nothing diluting the airline bet.leverageshares.com
  • Ranks in the upper half of a crowded leveraged single-stock field on how closely it has hit its stated daily target.
  • UNHG At 0.77%, the cheaper of the only two 2x UNH funds: Direxion's UNHU runs 0.97% net of a waiver through September 1, 2027. Both sit below the category's typical fee.
  • First to the 2x UNH trade, listed July 2025, months before Direxion's version arrived in March 2026. It trades actively for a single-stock leveraged fund.direxion.com
  • Exposure comes from total return swaps reset at each close, and day-to-day it has stayed close to its 2x target. One of the better-built funds in a crowded bull field.leverageshares.comsec.gov

Worth knowing

  • AALG The 2x target applies to a single trading day. Hold longer and compounding takes over, so returns can differ from 2x AAL, and higher volatility widens the gap.sec.gov
  • A small, thinly traded fund, so spreads tend to run wider than on the headline leveraged names.
  • One stock, doubled: an AAL earnings miss or fuel spike lands twice as hard, and the swap counterparties add a layer beyond the airline itself.sec.gov
  • UNHG Daily reset means multi-day results depend on the path UNH takes, not just its direction. Choppy stretches can erode value even if the stock ends where it started.leverageshares.com
  • Swap-based exposure carries counterparty risk, and everything rides on one managed-care company's news, from earnings to policy headlines.leverageshares.com
  • Listed in 2025, so there is little history to judge it across a full market cycle.

Full AALG profile⁠

Full UNHG profile⁠

AALG vs UNHG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AALG vs UNHG Cost

Overpaying AALG vs UNHG

$173

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AALG 0.78%

    $15,002

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • AALG 0.78%
  • UNHG 0.77%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AALG $15,002UNHG $14,829

Year by year

YearAALGUNHGOverpaying
10$1,388$1,371$17
20$5,268$5,205$63
30$15,002$14,829$173

Expense ratio

  • 0.78%AALG
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

AALG 142nd cheapest of 315 funds

AALG vs UNHG Dividends

Last 12 months to Oct 30, 2026
Last payment
AALG $0.28
UNHG $1.90
Ex-dividend
AALG Dec 30, 2025
UNHG Dec 30, 2025
Paid on
AALG Jan 2, 2026
UNHG Jan 2, 2026
Frequency
AALG Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

AALGIrregular · 1 paymentAll AALG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.28. Use the arrow keys to read each point.$0$22026YTD
UNHGIrregular · 1 paymentAll UNHG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $1.90. Use the arrow keys to read each point.$0$22026YTD

AALG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AALG 102.5%since Aug 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
AALG 0.24since Aug 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
AALG −64.2%since Jul 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
AALG 2.54UNHG 5.53

Popular comparisons

  • AALGCvsTSMGA

    Leverage Shares 2x Long AAL Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.78% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsTSMGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.77% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AALGCvsOKTGA

    Leverage Shares 2x Long AAL Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.78% · 0.75%
    Category
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  • UNHGAvsOKTGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.77% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AALGCvsPANGA

    Leverage Shares 2x Long AAL Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.78% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsPANGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.77% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.