Skip to content
etf.net

AMAU vs UNHG

Leverage Shares 2X Long AMAT Daily ETF

AMAUBCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

AMAU −0.02pt a year

AMAU0.75%UNHG0.77%

Avg volume · 30D

UNHG 2.3×the volume

AMAU313KUNHG726K

AMAU vs UNHG Performance

Jul 31, 2026 – Nov 2, 2026

−51.1%AMAU−11.0%UNHG

Jul 31, 2026 to Nov 2, 2026. AMAU −51.1%. UNHG −11.0%. Use the arrow keys to read each point.−40%−30%−20%0%10%Jul 2026Sep 2026Nov 2026
Expense ratio
AMAU 0.75%, better
UNHG 0.77%
Fund size
AMAU $12M
UNHG $63M
1Y total return
AMAU No data
UNHG +8.4%
Holdings
AMAU 4
UNHG 5
Avg volume (30D)
AMAU 313K sh
UNHG 726K sh, better
NAV per share
AMAU $8.54
UNHG $20.57
52W range

ETF.net Grade

AMAU: Cost 70, Risk 56, Mission not scored, Tradability 80, Holdings not scored, Durability 48. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for AMAU, UNHG, with each pillar’s weight
PillarAMAUUNHG
Cost30% weightA70HigherB60
Mission25% weightNot scoredA90
Risk15% weightB56A83Higher
Tradability15% weightA80A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC48B66Higher

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. AMAU 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 AMAU 11th 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 8BSKHXLeverage Shares 2X Long SK Hynix Daily ETFScore 68
  5. Rank 11BAMAULeverage Shares 2X Long AMAT Daily ETFScore 67
  6. Rank 11BCRMGLeverage Shares 2x Long CRM Daily ETFScore 67

Our read on each fund

ETF.net Research

AMAUBLeverage Shares 2X Long AMAT Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

AMAU No data

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

AMAU No data

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

AMAU No data

  • 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

AMAU No data

  • 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 AMAU profile⁠

Full UNHG profile⁠

AMAU 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.

AMAU vs UNHG Cost

Overpaying UNHG vs AMAU

$347

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

  • AMAU 0.75%

    $14,482

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • AMAU 0.75%
  • 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$15K051015202530UNHG $14,829AMAU $14,482

Year by year

YearAMAUUNHGOverpaying
10$1,336$1,371$35
20$5,078$5,205$127
30$14,482$14,829$347

Expense ratio

  • 0.75%AMAU, cheaper
  • 0.77%UNHG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

AMAU 87th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

AMAU vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

AMAUAll AMAU 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

AMAU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AMAU No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
AMAU No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
AMAU No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
AMAU −30.15UNHG 5.19

AMAU and UNHG in the news

All news⁠

Popular comparisons

  • AMAUBvsTSMGA

    Leverage Shares 2X Long AMAT Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.75% · 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.

  • AMAUBvsOKTGA

    Leverage Shares 2X Long AMAT Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

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

  • 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.

  • AMAUBvsPANGA

    Leverage Shares 2X Long AMAT Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.75% · 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.