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APPX vs UNHG

Tradr 2X Long APP Daily ETF

APPXDNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.59pt a year

APPX1.36%UNHG0.77%

Avg volume · 30D

APPX 1.7×the volume

APPX1.23MUNHG726K

APPX vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−93.6%APPX+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. APPX −93.6%. UNHG +11.9%. Use the arrow keys to read each point.−75%−50%−25%Oct 2025Apr 2026Oct 2026
Expense ratio
APPX 1.36%
UNHG 0.77%, better
Fund size
APPX $48M
UNHG $63M
1Y total return
APPX −93.6%
UNHG +11.9%, better
Holdings
APPX 1
UNHG 5
Avg volume (30D)
APPX 1.23M sh, better
UNHG 726K sh
NAV per share
APPX $6.44
UNHG $20.57
52W range

ETF.net Grade

APPX: Cost 21, Risk 26, Mission 95, Tradability 80, Holdings 39, Durability 70. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for APPX, UNHG, with each pillar’s weight
PillarAPPXUNHG
Cost30% weightF21B60Higher
Mission25% weightA95HigherA90
Risk15% weightD26A83Higher
Tradability15% weightA80A91Higher
Holdings10% weightD39Not scored
Durability5% weightA70HigherB66

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. APPX 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 APPX 249th 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 123CXYZGLeverage Shares 2x Long XYZ Daily ETFScore 40
  5. Rank 249DAPPXTradr 2X Long APP Daily ETFScore 39
  6. Rank 249DHIMZDaily Target 2X Long HIMS ETFScore 39

Our read on each fund

ETF.net Research

APPXDTradr 2X Long APP Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

APPX One stock, one day, double the move. APPX aims for 200% of AppLovin's daily return and has tracked that target closely. The trade-off: 1.36% a year, above what most rival 2x single-stock 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

APPX Seeks daily, before-fee-and-expense results equal to 200% of the daily performance of AppLovin Corp. common shares.

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

  • APPX Does exactly one thing: targets 200% of AppLovin's daily move before fees, and day to day it has landed close to that mark.tradretfs.com
  • Volume and spreads put it among the easier names to get in and out of in a crowded field of roughly 380 leveraged single-stock funds.
  • Against that same peer group the overall build lands in the upper half: solid on the mechanics, with price the main thing holding it back.
  • 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

  • APPX At 1.36% with no fee waiver, it is pricier than 2x peers like TSMG at 0.76% and OKTG at 0.75%, also unwaived. Financing costs for the leverage sit on top of that.
  • Leverage resets daily. Hold longer than a day and compounding takes over, so multi-day results can diverge from 2x the stock's move over the same stretch.tradretfs.com
  • One ticker, doubled, trading since April 2025. No diversification cushion, and only a short history to judge the fund by.nasdaq.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 APPX profile⁠

Full UNHG profile⁠

APPX 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.

APPX vs UNHG Cost

Overpaying APPX vs UNHG

$9,431

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

  • APPX 1.36%

    $24,260

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • APPX 1.36%
  • 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$25K051015202530APPX $24,260UNHG $14,829

Year by year

YearAPPXUNHGOverpaying
10$2,362$1,371$991
20$8,735$5,205$3,530
30$24,260$14,829$9,431

Expense ratio

  • 1.36%APPX
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

APPX 254th cheapest of 315 funds

APPX vs UNHG Dividends

Last 12 months to Oct 30, 2026
Last payment
APPX $9.98
UNHG $1.90
Ex-dividend
APPX Dec 26, 2025
UNHG Dec 30, 2025
Paid on
APPX Dec 30, 2025
UNHG Jan 2, 2026
Frequency
APPX Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

APPXIrregular · 1 paymentAll APPX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 26, 2025 $9.98. Use the arrow keys to read each point.$0$102026YTD
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$102026YTD

APPX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
APPX 180.3%since May 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
APPX 0.22since May 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
APPX −95.3%since Apr 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
APPX 7.24UNHG 5.53

Popular comparisons

  • APPXDvsTSMGA

    Tradr 2X Long APP Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.36% · 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.

  • APPXDvsOKTGA

    Tradr 2X Long APP Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.36% · 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.

  • APPXDvsPANGA

    Tradr 2X Long APP Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.36% · 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.