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AAPX vs UNHG

T-REX 2X Long Apple Daily Target ETF

AAPXBCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

0.0%by weight

Expense ratio

UNHG −0.28pt a year

AAPX1.05%UNHG0.77%

Avg volume · 30D

UNHG 13.2×the volume

AAPX54.9KUNHG726K

AAPX vs UNHG Performance

Oct 31, 2025 – Nov 2, 2026

+31.3%AAPX+8.4%UNHG

Oct 31, 2025 to Nov 2, 2026. AAPX +31.3%. UNHG +8.4%. Use the arrow keys to read each point.−40%−20%20%Oct 2025May 2026Nov 2026
Expense ratio
AAPX 1.05%
UNHG 0.77%, better
Fund size
AAPX $8M
UNHG $63M
1Y total return
AAPX +31.3%, better
UNHG +8.4%
Yield (12M)
AAPX 0.50%
UNHG No data
Holdings
AAPX 2
UNHG 5
Avg volume (30D)
AAPX 54.9K sh
UNHG 726K sh, better
NAV per share
AAPX $42.31
UNHG $20.57
52W range

ETF.net Grade

AAPX: Cost 42, Risk 79, Mission 90, Tradability 55, Holdings not scored, Durability 66. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for AAPX, UNHG, with each pillar’s weight
PillarAAPXUNHG
Cost30% weightC42B60Higher
Mission25% weightA90A90
Risk15% weightA79A83Higher
Tradability15% weightB55A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB66B66

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. AAPX 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 AAPX 69th 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 62BUSGGLeverage Shares 2X Long USAR Daily ETFScore 56
  5. Rank 69BAAPXT-REX 2X Long Apple Daily Target ETFScore 55
  6. Rank 69BCSCLDirexion Daily CSCO Bull 2X ETFScore 55

Our read on each fund

ETF.net Research

AAPXBT-REX 2X Long Apple Daily Target ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

AAPX One of only two US ETFs built to double Apple's daily move, and the challenger rather than the incumbent. This is a one-day instrument: 200% of AAPL before fees, reset at every close.

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

AAPX The Fund seeks daily investment results, before fees and expenses, equal to 200% of Apple common-stock performance. Its objective applies for a single trading day rather than longer holding periods.

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

  • AAPX Does one job and states it plainly: 200% of Apple's daily stock move before fees and expenses. It has stayed close to that daily target since launching in January 2024.
  • Standing is strong: one of the better-executed products in a crowded field of leveraged single-stock bull funds.
  • Registered under the 1940 Act, so amplified Apple exposure arrives in a standard ETF wrapper with no margin account or options approval on your end.
  • 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

  • AAPX The daily reset compounds. Hold past a single session and the result can diverge from twice Apple's move over that stretch, in either direction.
  • One company, doubled. Apple news lands with twice the force, and there is nothing else in the portfolio to soften it.
  • Fees run 1.05% a year against 0.96% at AAPU, the other 2x Apple fund. It is also a smaller, moderately traded fund, so limit orders earn their keep.
  • 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 AAPX profile⁠

Full UNHG profile⁠

AAPX vs UNHG Holdings

How AAPX and UNHG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AAPX and 0.0% of UNHG.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for UNHG.

Country, concentration and asset class

Country by domicile

Country weights in AAPX and UNHG, widest gap first
CountryMore in AAPXMore in UNHG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • AAPX546.9%
  • UNHG213.5%

Securities held

  • AAPX1
  • UNHG1

Asset class

AAPX
Equity
UNHG
Equity

Holdings

  • Only in AAPX1
  • In both0
  • Only in UNHG1

Only in AAPX

1 security, 100% of AAPX by weight

  • Recv Aapx Trs Aapl Eq466.64%

Only in UNHG

1 security, 13.5% of UNHG by weight

  • First American Treasury Obligations Fund 01/01/204013.47%

Weight gaps

AAPX and UNHG share no securities.

All 5 AAPX holdings⁠All 5 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.

AAPX vs UNHG Cost

Overpaying AAPX vs UNHG

$4,666

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

  • AAPX 1.05%

    $19,495

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • AAPX 1.05%
  • 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$20K051015202530AAPX $19,495UNHG $14,829

Year by year

YearAAPXUNHGOverpaying
10$1,847$1,371$476
20$6,927$5,205$1,722
30$19,495$14,829$4,666

Expense ratio

  • 1.05%AAPX
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

AAPX 201st cheapest of 315 funds

AAPX vs UNHG Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
AAPX 0.50%
UNHG No data
Payout (12M)
AAPX $0.20
UNHG No data
Last payment
AAPX $0.20
UNHG $1.90
Ex-dividend
AAPX Dec 24, 2025
UNHG Dec 30, 2025
Paid on
AAPX Dec 26, 2025
UNHG Jan 2, 2026
Frequency
AAPX Annual
UNHG Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

AAPXAnnual · 2 paymentsAll AAPX payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $6.93; Dec 24, 2025 $0.20. Use the arrow keys to read each point.$0$52026YTD
UNHGIrregular · 1 paymentAll UNHG payments⁠
One bar per payment. 1 payment from 2024 to 2026 YTD. Dec 30, 2025 $1.90. Use the arrow keys to read each point.$0$52026YTD

AAPX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AAPX 42.8%since Feb 2024UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
AAPX 0.73since Feb 2024UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
AAPX −58.5%since Jan 2024UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
AAPX 1.72UNHG 5.19

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