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ARMG vs UNHG

Leverage Shares 2x Long ARM Daily ETF

ARMGBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.01pt a year

ARMG0.78%UNHG0.77%

Avg volume · 30D

ARMG 1.4×the volume

ARMG1.03MUNHG726K

ARMG vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−30.9%ARMG+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. ARMG −30.9%. UNHG +11.9%. Use the arrow keys to read each point.100%200%300%Oct 2025May 2026Oct 2026
Expense ratio
ARMG 0.78%
UNHG 0.77%, better
Fund size
ARMG $51M
UNHG $63M
1Y total return
ARMG −30.9%
UNHG +11.9%, better
Holdings
ARMG 5
UNHG 5
Avg volume (30D)
ARMG 1.03M sh, better
UNHG 726K sh
NAV per share
ARMG $9.96
UNHG $20.57
52W range

ETF.net Grade

ARMG: Cost 60, Risk 52, Mission 100, Tradability 89, Holdings not scored, Durability 69. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for ARMG, UNHG, with each pillar’s weight
PillarARMGUNHG
Cost30% weightB60B60
Mission25% weightA100HigherA90
Risk15% weightC52A83Higher
Tradability15% weightA89A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB69HigherB66

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. ARMG 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 ARMG 18th 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 15BSNDGLeverage Shares 2X Long SNDK Daily ETFScore 66
  5. Rank 18BARMGLeverage Shares 2x Long ARM Daily ETFScore 65
  6. Rank 18BBEGLeverage Shares 2x Long BE Daily ETFScore 65

Our read on each fund

ETF.net Research

ARMGBLeverage Shares 2x Long ARM Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

ARMG Arm Holdings, doubled by the day. ARMG aims for 200% of ARM's daily move, resets every night, and charges 0.78% a year, below the typical fee in the single-stock leveraged crowd.

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

ARMG The fund seeks daily investment results equal to 200% of the daily performance of Arm Holdings plc stock, before fees and expenses.

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

  • ARMG Fee is 0.78% with no waiver holding it down, so the number shouldn't move. That undercuts the rival 2x ARM fund (ARMW, 1.00%) and sits below the category's typical charge.
  • It has tracked its stated 2x daily objective tightly, one of the stronger implementations in a category stuffed with hundreds of single-stock leveraged funds.
  • The leverage lives inside the fund: no margin account, no margin calls, and losses stop at the amount invested, per the issuer's fund summary.leverageshares.com
  • Actively traded on Nasdaq since its January 2025 launch, which matters for a product built to be bought and sold inside a single session.leverageshares.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

  • ARMG The 2x target applies to one trading day. Hold longer and each day's return compounds: a choppy ARM that ends where it started can still leave the fund behind.sec.gov
  • The math cuts both ways at speed. Per the issuer, an ARM drop of more than 50% in one session would wipe out the full value of an investment.leverageshares.com
  • Everything rides on one chip-design company. The fund is non-diversified, so an ARM earnings gap or licensing headline lands here at double size.sec.gov
  • 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 ARMG profile⁠

Full UNHG profile⁠

ARMG 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.

ARMG vs UNHG Cost

Overpaying ARMG vs UNHG

$173

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

  • ARMG 0.78%

    $15,002

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • ARMG 0.78%
  • 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$20K051015202530ARMG $15,002UNHG $14,829

Year by year

YearARMGUNHGOverpaying
10$1,388$1,371$17
20$5,268$5,205$63
30$15,002$14,829$173

Expense ratio

  • 0.78%ARMG
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

ARMG 142nd cheapest of 315 funds

ARMG vs UNHG Dividends

Last 12 months to Oct 30, 2026
Last payment
ARMG $0.28
UNHG $1.90
Ex-dividend
ARMG Dec 30, 2025
UNHG Dec 30, 2025
Paid on
ARMG Jan 2, 2026
UNHG Jan 2, 2026
Frequency
ARMG Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

ARMGIrregular · 1 paymentAll ARMG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.28. Use the arrow keys to read each point.$0$22026YTD
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

ARMG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ARMG 175.0%since Feb 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
ARMG 0.47since Feb 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
ARMG −84.1%since Jan 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
ARMG 6.89UNHG 5.53

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