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AVXX vs UNHG

Defiance Daily Target 2X Long AVAV ETF

AVXXDNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.54pt a year

AVXX1.31%UNHG0.77%

Avg volume · 30D

UNHG 5.1×the volume

AVXX144KUNHG726K

AVXX vs UNHG Performance

Oct 31, 2025 – Nov 2, 2026

−95.0%AVXX+8.4%UNHG

Oct 31, 2025 to Nov 2, 2026. AVXX −95.0%. UNHG +8.4%. Use the arrow keys to read each point.−75%−50%−25%25%Oct 2025May 2026Nov 2026
Expense ratio
AVXX 1.31%
UNHG 0.77%, better
Fund size
AVXX $11M
UNHG $63M
1Y total return
AVXX −95.0%
UNHG +8.4%, better
Holdings
AVXX 8
UNHG 5
Avg volume (30D)
AVXX 144K sh
UNHG 726K sh, better
NAV per share
AVXX $15.98
UNHG $20.57
52W range

ETF.net Grade

AVXX: Cost 25, Risk 24, Mission 84, Tradability 41, Holdings not scored, Durability 63. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for AVXX, UNHG, with each pillar’s weight
PillarAVXXUNHG
Cost30% weightD25B60Higher
Mission25% weightA84A90Higher
Risk15% weightF24A83Higher
Tradability15% weightC41A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB63B66Higher

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. AVXX 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 AVXX 272nd 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 271DAPHUT-REX 2X Long APH Daily Target ETFScore 32
  5. Rank 272DAVXXDefiance Daily Target 2X Long AVAV ETFScore 31
  6. Rank 272DPDDLGraniteShares 2x Long PDD Daily ETFScore 31

Our read on each fund

ETF.net Research

AVXXDDefiance Daily Target 2X Long AVAV ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

AVXX One ticker, one stock, double the daily move. AVXX targets 2x AeroVironment's (AVAV) daily percentage change and resets every session, so its math is built around single days, not long stretches.

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

AVXX The fund seeks amplified long exposure to AeroVironment Inc., with daily results targeted at two times the underlying stock's daily percentage change.

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

  • AVXX Clean packaging for a leveraged single-name trade: 2x daily exposure to AVAV through an ordinary brokerage order, with no margin account and no options chain to manage.defianceetfs.com
  • Delivery matches the label: day to day, the fund has tracked its stated 2x daily target closely.
  • Narrow by design. This is the concentrated version of the trade, amplified exposure to a single company rather than a diluted basket, and it changes hands actively for a young fund.
  • 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

  • AVXX The fee runs 1.31%, above what several established 2x single-stock funds charge (GGLL and AAPU at 0.96%, UNHG and ASMG at 0.75%).
  • Daily reset: hold longer than a session and results can drift well away from 2x AVAV's move over that stretch, especially in choppy markets.
  • Everything rides on one company's headlines, and the 2x multiple magnifies drawdowns as readily as gains. Launched in 2025, so the record is short.
  • 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 AVXX profile⁠

Full UNHG profile⁠

AVXX 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.

AVXX vs UNHG Cost

Overpaying AVXX vs UNHG

$8,690

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

  • AVXX 1.31%

    $23,519

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • AVXX 1.31%
  • 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$25K051015202530AVXX $23,519UNHG $14,829

Year by year

YearAVXXUNHGOverpaying
10$2,280$1,371$909
20$8,450$5,205$3,245
30$23,519$14,829$8,690

Expense ratio

  • 1.31%AVXX
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

AVXX 236th cheapest of 315 funds

AVXX vs UNHG Dividends

Last 12 months to Nov 2, 2026
Last payment
AVXX $0.43
UNHG $1.90
Ex-dividend
AVXX Dec 30, 2025
UNHG Dec 30, 2025
Paid on
AVXX Dec 31, 2025
UNHG Jan 2, 2026
Frequency
AVXX Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

AVXXIrregular · 1 paymentAll AVXX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.43. 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

AVXX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AVXX 78.3%since Nov 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
AVXX −2.93since Nov 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
AVXX −95.6%since Oct 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
AVXX 4.27UNHG 5.19

Popular comparisons

  • AVXXDvsTSMGA

    Defiance Daily Target 2X Long AVAV ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.31% · 0.76%
    Category
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  • UNHGAvsTSMGA

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    Expense ratio
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    Category
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  • AVXXDvsOKTGA

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    Expense ratio
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    Category
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    0.77% · 0.75%
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  • UNHGAvsPANGA

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    Expense ratio
    0.77% · 0.76%
    Category
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