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ADBG vs UNHG

Leverage Shares 2x Long ADBE Daily ETF

ADBGBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

ADBG0.77%UNHG0.77%

Avg volume · 30D

ADBG 5.8×the volume

ADBG4.22MUNHG726K

ADBG vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−60.3%ADBG+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. ADBG −60.3%. UNHG +11.9%. Use the arrow keys to read each point.−40%−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
ADBG 0.77%
UNHG 0.77%
Fund size
ADBG $23M
UNHG $63M
1Y total return
ADBG −60.3%
UNHG +11.9%, better
Holdings
ADBG 5
UNHG 5
Avg volume (30D)
ADBG 4.22M sh, better
UNHG 726K sh
NAV per share
ADBG $3.95
UNHG $20.57
52W range

ETF.net Grade

ADBG: Cost 60, Risk 53, Mission 96, Tradability 85, Holdings not scored, Durability 64. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for ADBG, UNHG, with each pillar’s weight
PillarADBGUNHG
Cost30% weightB60B60
Mission25% weightA96HigherA90
Risk15% weightC53A83Higher
Tradability15% weightA85A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB64B66Higher

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. ADBG 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 ADBG 23rd 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 18BTERGLeverage Shares 2X Long TER Daily ETFScore 65
  5. Rank 23BADBGLeverage Shares 2x Long ADBE Daily ETFScore 64
  6. Rank 23BPYPGLeverage Shares 2x Long PYPL Daily ETFScore 64

Our read on each fund

ETF.net Research

ADBGBLeverage Shares 2x Long ADBE Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

ADBG Two times Adobe's daily move, wrapped in something you can trade like a stock. Live since March 2025, a year ahead of the rival 2x ADBE fund, swap-backed, reset every day, 0.77% with no waiver.

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

ADBG The fund seeks daily investment results, before fees and expenses, corresponding to 200% (2x) of the daily performance of Adobe 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

  • ADBG 0.77% flat, no waiver, and below the median for the 365 leveraged single-stock funds we price. The cheap end of a shelf that rarely competes on fee.
  • Day to day, it has stayed close to its 200% target. For a daily-reset fund, that is the entire job.leverageshares.com
  • Actively traded, and one of the stronger implementations in a leveraged single-stock field of roughly 380 funds.
  • Exposure comes from swap agreements with major banks inside a 1940 Act ETF, so no margin account or borrowing on your end.leverageshares.com
  • 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

  • ADBG The 2x target resets daily. Leverage Shares notes the fund can lose value over time even if Adobe ends up flat, especially in choppy markets.leverageshares.com
  • One stock, doubled. Nothing in the portfolio softens an Adobe earnings gap or a rough guidance day.
  • Returns ride on swaps rather than owned Adobe shares, which puts the bank on the other side of the trade on your risk list.leverageshares.com
  • 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 ADBG profile⁠

Full UNHG profile⁠

ADBG 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.

ADBG vs UNHG Cost

Same expense ratio

$14,829

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

  • ADBG 0.77%

    $14,829

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • ADBG 0.77%
  • UNHG 0.77%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530ADBG $14,829UNHG $14,829

Year by year

YearADBGUNHG
10$1,371$1,371
20$5,205$5,205
30$14,829$14,829

Expense ratio

  • 0.77%ADBG
  • 0.77%UNHG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

ADBG 135th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

ADBG vs UNHG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
ADBG None
UNHG No data
Last payment
ADBG No data
UNHG $1.90
Ex-dividend
ADBG No data
UNHG Dec 30, 2025
Paid on
ADBG No data
UNHG Jan 2, 2026
Frequency
ADBG No data
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

ADBGAll ADBG payments⁠

No distribution history available.

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

ADBG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ADBG 76.7%since Apr 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
ADBG −0.71since Apr 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
ADBG −84.1%since Mar 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
ADBG 1.57UNHG 5.53

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