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BAIG vs UNHG

Leverage Shares 2x Long BBAI Daily ETF

BAIGCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.01pt a year

BAIG0.78%UNHG0.77%

Avg volume · 30D

UNHG 28.1×the volume

BAIG25.8KUNHG726K

BAIG vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−94.2%BAIG+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. BAIG −94.2%. UNHG +11.9%. Use the arrow keys to read each point.−75%−50%−25%Oct 2025Apr 2026Oct 2026
Expense ratio
BAIG 0.78%
UNHG 0.77%, better
Fund size
BAIG $5M
UNHG $63M
1Y total return
BAIG −94.2%
UNHG +11.9%, better
Holdings
BAIG 5
UNHG 5
Avg volume (30D)
BAIG 25.8K sh
UNHG 726K sh, better
NAV per share
BAIG $10.49
UNHG $20.57
52W range

ETF.net Grade

BAIG: Cost 60, Risk 25, Mission 90, Tradability 40, Holdings not scored, Durability 52. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for BAIG, UNHG, with each pillar’s weight
PillarBAIGUNHG
Cost30% weightB60B60
Mission25% weightA90A90
Risk15% weightD25A83Higher
Tradability15% weightC40A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC52B66Higher

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. BAIG 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 BAIG 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 123CBABCCorgi BABA 2x Daily ETFScore 40
  5. Rank 123CBAIGLeverage Shares 2x Long BBAI Daily ETFScore 40
  6. Rank 123CBECCorgi BE 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

BAIGCLeverage Shares 2x Long BBAI Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

BAIG Most 2x single-stock ETFs point at megacaps. BAIG points at BigBear.ai, a small, jumpy defense-AI name, and aims for twice its daily move through swaps, reset every day, for 0.78% a year 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

BAIG The Fund seeks daily leveraged investment results equal to two times the daily percentage change in BBAI's common-stock price, before fees and expenses. It does not pursue this objective for periods different from one trading day.

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

  • BAIG Swap agreements with major financial institutions do the work: exposure is sized for 200% of BigBear.ai's daily move, no margin account or options chain required.leverageshares.com
  • At 0.78% with no fee waiver, it sits below the category median and only a hair above the cheapest in its own lineup (OKTG at 0.75%, TSMG at 0.76%).
  • Day to day, it has stayed close to its stated 2x target, which is the entire job of a daily-reset 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

  • BAIG The 2x target resets every trading day. Held through a choppy stretch, results can trail twice BBAI's move, which the prospectus states plainly.leverageshares.com
  • One of the smaller, more lightly traded names in a crowded 2x category, so bid-ask spreads carry more weight here than in the megacap-linked versions.
  • The trust reserves the right to use splits or reverse splits to keep shares in a convenient trading range, changing your share count but not the fund's net 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 BAIG profile⁠

Full UNHG profile⁠

BAIG 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.

BAIG vs UNHG Cost

Overpaying BAIG vs UNHG

$173

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

  • BAIG 0.78%

    $15,002

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • BAIG 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$20K051015202530BAIG $15,002UNHG $14,829

Year by year

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

Expense ratio

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

UNHG 135th cheapest of 315 funds

BAIG 142nd cheapest of 315 funds

BAIG vs UNHG Dividends

Last 12 months to Oct 30, 2026
Last payment
BAIG $4.75
UNHG $1.90
Ex-dividend
BAIG Dec 30, 2025
UNHG Dec 30, 2025
Paid on
BAIG Jan 2, 2026
UNHG Jan 2, 2026
Frequency
BAIG Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

BAIGIrregular · 1 paymentAll BAIG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $4.75. Use the arrow keys to read each point.$0$52026YTD
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$52026YTD

BAIG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BAIG 119.2%since Sep 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
BAIG −1.05since Sep 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
BAIG −97.7%since Aug 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
BAIG 6.83UNHG 5.53

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