ARMW vs UNHG

ARMWBRoundhill ARM WeeklyPay ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

ARMW No sold calls here. ARMW uses swaps to target 1.2x Arm Holdings' calendar-week total return and pays shareholders every week, resetting its exposure at the final close of each week. Fee: 1.00%, with no waiver.

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

ARMW The fund seeks weekly shareholder distributions and, as a secondary objective, calendar-week returns before fees and expenses equal to 1.2 times Arm Holdings plc common shares' calendar-week total return.

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

• ARMW It writes no options. The fund targets 1.2x Arm's weekly total return through swaps, so the upside isn't capped the way a covered-call income fund's is.roundhillinvestments.com
• Leverage resets at the close of the last trading day of each calendar week, so the compounding math runs off weekly moves, not daily ones.sec.gov
• Distributions land weekly, sized by a formula that reads Arm's recent total return and implied volatility rather than option premium collected.sec.gov
• Sits in the top tier of a crowded single-stock leverage group, with an actively managed structure built around the 1.2x weekly mandate in its prospectus.

• 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

• ARMW 1.00% a year, no waiver, and near the going rate for leveraged single-stock funds. ARMG, which also references Arm, charges 0.78%.
• The payout formula moves with Arm's recent return and implied volatility, so the weekly amount is variable by design, not a fixed rate.sec.gov
• One chip-design company, geared 1.2x. The prospectus says it is not meant for investors seeking daily exposure, and the fund only launched in 2025.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 ARMW profile⁠

Full UNHG profile⁠