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ANEL vs UNHG

Defiance Daily Target 2X Long ANET ETF

ANELCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.68pt a year

ANEL1.45%UNHG0.77%

Avg volume · 30D

UNHG 3.0×the volume

ANEL241KUNHG726K

ANEL vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−27.7%ANEL+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. ANEL −27.7%. UNHG +11.9%. Use the arrow keys to read each point.−40%0%Oct 2025Apr 2026Oct 2026
Expense ratio
ANEL 1.45%
UNHG 0.77%, better
Fund size
ANEL $10M
UNHG $63M
1Y total return
ANEL −27.7%
UNHG +11.9%, better
Holdings
ANEL 8
UNHG 5
Avg volume (30D)
ANEL 241K sh
UNHG 726K sh, better
NAV per share
ANEL $17.98
UNHG $20.57
52W range

ETF.net Grade

ANEL: Cost 19, Risk 70, Mission 95, Tradability 65, Holdings not scored, Durability 64. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for ANEL, UNHG, with each pillar’s weight
PillarANELUNHG
Cost30% weightF19B60Higher
Mission25% weightA95HigherA90
Risk15% weightA70A83Higher
Tradability15% weightB65A91Higher
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. ANEL 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 ANEL 109th 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 102CNOWLGraniteShares 2x Long NOW Daily ETFScore 45
  5. Rank 109CANELDefiance Daily Target 2X Long ANET ETFScore 44
  6. Rank 109CORCXDaily Target 2X Long ORCL ETFScore 44

Our read on each fund

ETF.net Research

ANELCDefiance Daily Target 2X Long ANET ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

ANEL Geared Arista Networks in one ticker: ANEL targets 200% of ANET's daily move via swaps, no margin account needed. A one-day trading tool carrying a 1.45% fee with no waiver, above what rival 2x funds charge.

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

ANEL The fund seeks two times the daily return of Arista Networks, Inc. before fees and expenses, using a single-day leveraged strategy rather than targeting results over longer 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

  • ANEL Two times ANET's daily move before fees and expenses, through swap agreements. Geared exposure inside a cash brokerage account, no margin account or options approval required.defianceetfs.com
  • It has stayed close to its stated 2x daily target, the core job of a geared fund, and ranks in the upper half of a crowded single-stock leveraged field.
  • A single-ticker way to trade Arista, the cloud and AI data-center networking supplier, with the swing doubled in whichever direction the stock moves that day.defianceetfs.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

  • ANEL The 1.45% fee, with no waiver in place, sits above the category median and above 2x peers such as TSMG (0.76%) and OKTG (0.75%), neither of which waives fees.
  • The 2x target resets daily. Hold longer and compounding can push results well away from twice ANET's move over that stretch, especially in choppy markets.defianceetfs.com
  • One company carries the whole fund, so a single earnings report or guidance cut moves it twice as hard. It is also small and young, launched in 2025.
  • 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 ANEL profile⁠

Full UNHG profile⁠

ANEL 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.

ANEL vs UNHG Cost

Overpaying ANEL vs UNHG

$10,741

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

  • ANEL 1.45%

    $25,570

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • ANEL 1.45%
  • UNHG 0.77%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530ANEL $25,570UNHG $14,829

Year by year

YearANELUNHGOverpaying
10$2,509$1,371$1,138
20$9,241$5,205$4,036
30$25,570$14,829$10,741

Expense ratio

  • 1.45%ANEL
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

ANEL 260th cheapest of 315 funds

ANEL vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

ANELAll ANEL 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

ANEL vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ANEL 112.4%since Oct 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
ANEL 0.23since Oct 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
ANEL −56.5%since Sep 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
ANEL 6.04UNHG 5.53

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