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AAPU vs UNHG

Direxion Daily AAPL Bull 2X Shares

AAPUBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.19pt a year

AAPU0.96%UNHG0.77%

Avg volume · 30D

AAPU 2.1×the volume

AAPU1.51MUNHG726K

AAPU vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

+41.1%AAPU+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. AAPU +41.1%. UNHG +11.9%. Use the arrow keys to read each point.−40%−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
AAPU 0.96%
UNHG 0.77%, better
Fund size
AAPU $139M
UNHG $63M
1Y total return
AAPU +41.1%, better
UNHG +11.9%
Yield (12M)
AAPU 6.27%
UNHG No data
Holdings
AAPU 11
UNHG 5
Avg volume (30D)
AAPU 1.51M sh, better
UNHG 726K sh
NAV per share
AAPU $48.10
UNHG $20.57
52W range

ETF.net Grade

AAPU: Cost 56, Risk 80, Mission 90, Tradability 76, Holdings not scored, Durability 85. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for AAPU, UNHG, with each pillar’s weight
PillarAAPUUNHG
Cost30% weightB56B60Higher
Mission25% weightA90A90
Risk15% weightA80A83Higher
Tradability15% weightA76A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA85HigherB66

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. AAPU 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 AAPU 8th 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 5BCOTGLeverage Shares 2X Long COST Daily ETFScore 69
  5. Rank 8BAAPUDirexion Daily AAPL Bull 2X SharesScore 68
  6. Rank 8BGLWGLeverage Shares 2X Long GLW Daily ETFScore 68

Our read on each fund

ETF.net Research

AAPUBDirexion Daily AAPL Bull 2X Shares

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

AAPU Two-times daily Apple, in a ticker. AAPU aims for 200% of AAPL's daily move without a margin account or an options screen, and it has been doing the job since 2022 at a fee below its leveraged single-stock peers' typical rate.

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

AAPU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Apple Inc.'s common shares.

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

  • AAPU Simple mechanism: the fund seeks 200% of Apple's daily share performance before fees, so one trade replaces a margined AAPL position or a call spread.direxion.com
  • At 0.96% a year it undercuts the typical fee in its leveraged single-stock cohort, and comes in cheaper than AAPX, the other fund built on the same Apple exposure (1.05%).
  • One of the more actively traded names in a category full of thin tickers, which matters when you are trading a daily-reset product rather than holding it.
  • Tracks its 2x daily target closely and ranks in the top tier of its 200-plus fund peer group on implementation quality.
  • 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

  • AAPU The 2x target resets every day. Hold longer than a day and compounding takes over, so results over a week or a year can look very different from twice Apple's move over that stretch.
  • One company, doubled. There is no diversification here: an iPhone cycle, a court ruling, or a single earnings night drives the whole position.
  • Leverage costs money. The financing built into the exposure plus a 0.96% fee is a headwind the underlying stock does not carry.
  • 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 AAPU profile⁠

Full UNHG profile⁠

AAPU 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.

AAPU vs UNHG Cost

Overpaying AAPU vs UNHG

$3,205

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

  • AAPU 0.96%

    $18,034

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • AAPU 0.96%
  • 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$20K051015202530AAPU $18,034UNHG $14,829

Year by year

YearAAPUUNHGOverpaying
10$1,695$1,371$324
20$6,383$5,205$1,178
30$18,034$14,829$3,205

Expense ratio

  • 0.96%AAPU
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

AAPU 154th cheapest of 315 funds

AAPU vs UNHG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AAPU 6.27%
UNHG No data
Payout (12M)
AAPU $2.94
UNHG No data
Last payment
AAPU $0.19
UNHG $1.90
Ex-dividend
AAPU Sep 22, 2026
UNHG Dec 30, 2025
Paid on
AAPU Sep 29, 2026
UNHG Jan 2, 2026
Frequency
AAPU Quarterly
UNHG Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

AAPUQuarterly · 19 paymentsAll AAPU payments⁠
One bar per payment. 19 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.01; Dec 20, 2022 $0.12; Mar 21, 2023 $0.08; Jun 21, 2023 $0.14; Sep 19, 2023 $0.15; Dec 21, 2023 $0.27; Mar 19, 2024 $0.08; Jun 25, 2024 $0.20; Sep 24, 2024 $0.28; Dec 12, 2024 $4.63; Dec 23, 2024 $0.30; Mar 25, 2025 $0.24; Jun 24, 2025 $0.08; Sep 23, 2025 $0.22; Dec 10, 2025 $2.17; Dec 23, 2025 $0.19; Mar 24, 2026 $0.17; Jun 23, 2026 $0.22; Sep 22, 2026 $0.19. Use the arrow keys to read each point.$0$520232026YTD
UNHGIrregular · 1 paymentAll UNHG payments⁠
One bar per payment. 1 payment from 2022 to 2026 YTD. Dec 30, 2025 $1.90. Use the arrow keys to read each point.$0$520232026YTD

AAPU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AAPU 41.9%UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
AAPU 0.85UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
AAPU −58.6%since Aug 2022UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
AAPU 1.81UNHG 5.53

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