Skip to content
etf.net

ARMA vs UNHG

Corgi ARM 2x Daily ETF

ARMACCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

0.0%by weight

Expense ratio

ARMA −0.32pt a year

ARMA0.45%UNHG0.77%

Avg volume · 30D

UNHG 132.9×the volume

ARMA5.47KUNHG726K

ARMA vs UNHG Performance

Jul 31, 2026 – Oct 30, 2026

−38.8%ARMA−8.1%UNHG

Jul 31, 2026 to Oct 30, 2026. ARMA −38.8%. UNHG −8.1%. Use the arrow keys to read each point.20%40%60%Jul 2026Sep 2026Oct 2026
Expense ratio
ARMA 0.45%, better
UNHG 0.77%
Fund size
ARMA $0
UNHG $63M
1Y total return
ARMA No data
UNHG +11.9%
Holdings
ARMA 1
UNHG 5
Avg volume (30D)
ARMA 5.47K sh
UNHG 726K sh, better
NAV per share
ARMA $6.88
UNHG $20.57
52W range

ETF.net Grade

ARMA: Cost 88, Risk 38, Mission not scored, Tradability 18, Holdings not scored, Durability 17. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for ARMA, UNHG, with each pillar’s weight
PillarARMAUNHG
Cost30% weightA88HigherB60
Mission25% weightNot scoredA90
Risk15% weightD38A83Higher
Tradability15% weightF18A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightF17B66Higher

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. ARMA 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 ARMA 123rd 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 123CAPPCCorgi APP 2x Daily ETFScore 40
  5. Rank 123CARMACorgi ARM 2x Daily ETFScore 40
  6. Rank 123CASMZCorgi ASML 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

ARMACCorgi ARM 2x Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

ARMA 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

ARMA 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

ARMA 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

ARMA 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 ARMA profile⁠

Full UNHG profile⁠

ARMA vs UNHG Holdings

How ARMA and UNHG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ARMA and 0.0% of UNHG.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%

Sector

No Sector split for ARMA and UNHG.

Country, concentration and asset class

Country by domicile

No country split for ARMA.

Concentration

Weight in the 10 largest Holdings

  • ARMA198.9%
  • UNHG212.0%

Securities held

  • ARMA0
  • UNHG1

Asset class

ARMA
Equity
UNHG
Equity

Holdings

  • Only in ARMA0
  • In both0
  • Only in UNHG1

Only in ARMA

0 securities, 0.0% of ARMA by weight

Only in UNHG

1 security, 12.0% of UNHG by weight

  • First American Treasury Obligations Fund 01/01/204011.99%

Weight gaps

ARMA and UNHG share no securities.

All 1 ARMA holdings⁠All 5 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.

ARMA vs UNHG Cost

Overpaying UNHG vs ARMA

$5,788

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

  • ARMA 0.45%

    $9,041

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • ARMA 0.45%
  • 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 $14,829ARMA $9,041

Year by year

YearARMAUNHGOverpaying
10$812$1,371$559
20$3,128$5,205$2,077
30$9,041$14,829$5,788

Expense ratio

  • 0.45%ARMA, cheaper
  • 0.77%UNHG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

ARMA 7th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

ARMA vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

ARMAAll ARMA 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

ARMA vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ARMA No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
ARMA No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
ARMA No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
ARMA 0.69UNHG 5.53

Popular comparisons

  • ARMACvsTSMGA

    Corgi ARM 2x Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.45% · 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.

  • ARMACvsOKTGA

    Corgi ARM 2x Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.45% · 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.

  • ARMACvsPANGA

    Corgi ARM 2x Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.45% · 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.