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AMZZ vs UNHG

GraniteShares 2x Long AMZN Daily ETF

AMZZBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.38pt a year

AMZZ1.15%UNHG0.77%

Avg volume · 30D

UNHG 5.1×the volume

AMZZ141KUNHG726K

AMZZ vs UNHG Performance

Oct 31, 2025 – Nov 2, 2026

−15.6%AMZZ+8.4%UNHG

Oct 31, 2025 to Nov 2, 2026. AMZZ −15.6%. UNHG +8.4%. Use the arrow keys to read each point.−40%20%40%Oct 2025May 2026Nov 2026
Expense ratio
AMZZ 1.15%
UNHG 0.77%, better
Fund size
AMZZ $43M
UNHG $63M
1Y total return
AMZZ −15.6%
UNHG +8.4%, better
Holdings
AMZZ 2
UNHG 5
Avg volume (30D)
AMZZ 141K sh
UNHG 726K sh, better
NAV per share
AMZZ $29.12
UNHG $20.57
52W range

ETF.net Grade

AMZZ: Cost 38, Risk 60, Mission 85, Tradability 83, Holdings not scored, Durability 79. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for AMZZ, UNHG, with each pillar’s weight
PillarAMZZUNHG
Cost30% weightD38B60Higher
Mission25% weightA85A90Higher
Risk15% weightB60A83Higher
Tradability15% weightA83A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA79HigherB66

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. AMZZ 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 AMZZ 62nd 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 62BAMUUDirexion Daily AMD Bull 2X ETFScore 56
  5. Rank 62BAMZZGraniteShares 2x Long AMZN Daily ETFScore 56
  6. Rank 62BCRCAProShares Ultra CRCLScore 56

Our read on each fund

ETF.net Research

AMZZBGraniteShares 2x Long AMZN Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

AMZZ Twice Amazon's daily move in one ticker, rebuilt every night. Built for traders working a single mega-cap, not a set-and-forget holding, and one of the closer trackers in a very crowded leveraged field.

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

AMZZ The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in Amazon's common 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

  • AMZZ Hits its mandate: the fund has stayed close to its 2x-daily target, among the stronger implementations in a peer group of hundreds of single-stock leveraged funds.
  • Amazon exposure doubled without a margin account or an options chain: the leverage is packaged inside the fund, via swaps plus direct AMZN shares.graniteshares.comyahoo.com
  • Trading since March 2024, with a moderately active market in the shares and trading costs that stack up well against its leveraged peers.
  • 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

  • AMZZ Costs 1.15% (1.21% gross, net of a waiver through December 31, 2026), above the category median; cheaper peers exist, like OKTG at 0.75%, on other stocks.
  • Daily reset means multi-day results come from compounding, and can diverge from 2x Amazon over the same stretch, especially after choppy trading.sec.gov
  • One stock, geared: a rough day for AMZN lands roughly twice as hard. The fund is non-diversified by design.sec.govyahoo.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 AMZZ profile⁠

Full UNHG profile⁠

AMZZ 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.

AMZZ vs UNHG Cost

Overpaying AMZZ vs UNHG

$6,248

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

  • AMZZ 1.15%

    $21,077

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • AMZZ 1.15%
  • 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$20K$25K051015202530AMZZ $21,077UNHG $14,829

Year by year

YearAMZZUNHGOverpaying
10$2,015$1,371$644
20$7,521$5,205$2,316
30$21,077$14,829$6,248

Expense ratio

  • 1.15%AMZZ
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

AMZZ 222nd cheapest of 315 funds

AMZZ vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

AMZZAll AMZZ 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

AMZZ vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AMZZ 62.2%since Apr 2024UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
AMZZ 0.26since Apr 2024UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
AMZZ −55.3%since Mar 2024UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
AMZZ 3.29UNHG 5.19

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