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ASMG vs UNHG

Leverage Shares 2x Long ASML Daily ETF

ASMGBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

13.5%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

ASMG0.77%UNHG0.77%

Avg volume · 30D

UNHG 9.1×the volume

ASMG80.1KUNHG726K

ASMG vs UNHG Performance

Oct 31, 2025 – Nov 2, 2026

+48.0%ASMG+8.4%UNHG

Oct 31, 2025 to Nov 2, 2026. ASMG +48.0%. UNHG +8.4%. Use the arrow keys to read each point.−50%100%150%Oct 2025May 2026Nov 2026
Expense ratio
ASMG 0.77%
UNHG 0.77%
Fund size
ASMG $21M
UNHG $63M
1Y total return
ASMG +48.0%, better
UNHG +8.4%
Holdings
ASMG 4
UNHG 5
Avg volume (30D)
ASMG 80.1K sh
UNHG 726K sh, better
NAV per share
ASMG $36.12
UNHG $20.57
52W range

ETF.net Grade

ASMG: Cost 60, Risk 82, Mission 95, Tradability 79, Holdings not scored, Durability 65. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for ASMG, UNHG, with each pillar’s weight
PillarASMGUNHG
Cost30% weightB60B60
Mission25% weightA95HigherA90
Risk15% weightA82A83Higher
Tradability15% weightA79A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB65B66Higher

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. ASMG 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 ASMG 5th 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 5BAMDGLeverage Shares 2x Long AMD Daily ETFScore 69
  5. Rank 5BASMGLeverage Shares 2x Long ASML Daily ETFScore 69
  6. Rank 5BCOTGLeverage Shares 2X Long COST Daily ETFScore 69

Our read on each fund

ETF.net Research

ASMGBLeverage Shares 2x Long ASML Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

ASMG Two times ASML's daily move, reset each day. Since its January 2025 launch, ASMG has stuck closely to that one narrow job, at a fee below the single-stock leverage median. The issuer calls it a short-term tool, and means it.

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

ASMG The fund seeks to deliver twice the daily performance of ASML stock, before fees and expenses, for short-term leveraged exposure.

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

  • ASMG The mandate is one line: 200% of ASML's daily move, before fees. No options overlay, no manager discretion, no index to drift from.leverageshares.com
  • One of the stronger implementations in a field of hundreds of single-stock leverage funds, staying close to its stated 2x daily target since launch.
  • Priced below the typical single-stock leveraged fund, with no waiver propping up the number, so there is no step-up date waiting down the road.
  • Sibling funds price within a basis point or two of each other (OKTG 0.75%, TSMG 0.76%), so the pick comes down to the underlying stock, not the sticker.
  • 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

  • ASMG The daily reset compounds. Held through a choppy stretch, results can diverge from 2x the period move in either direction. The issuer frames it as short-term.leverageshares.com
  • Everything rides on one company's news flow, doubled. No diversification to soften an earnings night.
  • A small fund by category standards, and this sponsor has closed siblings in the lineup that did not attract enough assets.leverageshares.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 ASMG profile⁠

Full UNHG profile⁠

ASMG vs UNHG Holdings

How ASMG and UNHG differ

Overlap by weight

13.5%

Shared holdings make up 15.1% of ASMG and 13.5% of UNHG.

Level by level

  • Holdings1 in both13.5%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for ASMG and UNHG.

Country, concentration and asset class

Country by domicile

Country weights in ASMG and UNHG, widest gap first
CountryMore in ASMGMore in UNHG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • ASMG215.2%
  • UNHG213.5%

Securities held

  • ASMG1
  • UNHG1

Asset class

ASMG
Equity
UNHG
Equity

Holdings

  • Only in ASMG0
  • In both1
  • Only in UNHG0

Only in ASMG

0 securities, 0.0% of ASMG by weight

Only in UNHG

0 securities, 0.0% of UNHG by weight

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in ASMG and UNHG, widest gap first
HoldingMore in ASMGMore in UNHG
First American Treasury Obligations Fund 01/01/2040ASMG +1.65 points

All 4 ASMG 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.

ASMG vs UNHG Cost

Same expense ratio

$14,829

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

  • ASMG 0.77%

    $14,829

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • ASMG 0.77%
  • UNHG 0.77%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530ASMG $14,829UNHG $14,829

Year by year

YearASMGUNHG
10$1,371$1,371
20$5,205$5,205
30$14,829$14,829

Expense ratio

  • 0.77%ASMG
  • 0.77%UNHG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

ASMG 135th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

ASMG vs UNHG Dividends

Last 12 months to Nov 2, 2026
Last payment
ASMG $2.53
UNHG $1.90
Ex-dividend
ASMG Dec 30, 2025
UNHG Dec 30, 2025
Paid on
ASMG Jan 2, 2026
UNHG Jan 2, 2026
Frequency
ASMG Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

ASMGIrregular · 1 paymentAll ASMG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $2.53. Use the arrow keys to read each point.$0$2.502026YTD
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$2.502026YTD

ASMG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ASMG 96.5%since Feb 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
ASMG 0.95since Feb 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
ASMG −47.7%since Jan 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
ASMG 2.95UNHG 5.19

ASMG and UNHG in the news

All news⁠

Popular comparisons

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