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BEX vs UNHG

Tradr 2X Long BE Daily ETF

BEXCCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.53pt a year

BEX1.30%UNHG0.77%

Avg volume · 30D

BEX 3.7×the volume

BEX2.72MUNHG726K

BEX vs UNHG Performance

Dec 31, 2025 – Oct 30, 2026

+89.9%BEX+22.2%UNHG

Dec 31, 2025 to Oct 30, 2026. BEX +89.9%. UNHG +22.2%. Use the arrow keys to read each point.200%400%600%800%Dec 2025Jun 2026Oct 2026
Expense ratio
BEX 1.30%
UNHG 0.77%, better
Fund size
BEX $173M
UNHG $63M
1Y total return
BEX No data
UNHG +11.9%
Holdings
BEX 1
UNHG 5
Avg volume (30D)
BEX 2.72M sh, better
UNHG 726K sh
NAV per share
BEX $17.84
UNHG $20.57
52W range

ETF.net Grade

BEX: Cost 32, Risk 46, Mission 87, Tradability 84, Holdings not scored, Durability 70. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for BEX, UNHG, with each pillar’s weight
PillarBEXUNHG
Cost30% weightD32B60Higher
Mission25% weightA87A90Higher
Risk15% weightC46A83Higher
Tradability15% weightA84A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA70HigherB66

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. BEX 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 BEX 84th 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 82CLMTLDirexion Daily LMT Bull 2X ETFScore 51
  5. Rank 84CBEXTradr 2X Long BE Daily ETFScore 50
  6. Rank 84CBOEUDirexion Daily BA Bull 2X ETFScore 50

Our read on each fund

ETF.net Research

BEXCTradr 2X Long BE Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

BEX One stock, twice the daily swing. BEX aims to deliver two times Bloom Energy's daily move, resetting every session, and it is one of only two US ETFs offering leveraged exposure to the fuel-cell maker.

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

BEX The fund seeks daily investment results, before fees and expenses, equal to two times the daily performance of Bloom Energy Corporation common shares.

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

  • BEX Does exactly one thing: two times Bloom Energy's daily move, before fees. No index committee, no basket, no guessing what is inside.tradretfs.com
  • Amplified BE exposure inside a 1940 Act ETF wrapper, so no margin account, no borrowing paperwork, no margin call at 3am.tradretfs.com
  • Tracks its 2x daily target closely, which puts it in the upper half of a crowded leveraged single-stock field.
  • Trades actively for a fund this young, so getting in and out has not required hunting for a counterparty.
  • 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

  • BEX At 1.30% a year, it sits at the pricier end of the leveraged single-stock shelf. BEG offers the same 2x BE exposure at 0.75%.
  • The 2x target applies to a single day. Because leverage resets daily, multi-day results can drift well away from twice BE's return, in either direction.
  • One stock, geared up: this is concentration on top of leverage, and the fund launched in late 2025, so there is little history to study.
  • 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 BEX profile⁠

Full UNHG profile⁠

BEX 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.

BEX vs UNHG Cost

Overpaying BEX vs UNHG

$8,540

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

  • BEX 1.30%

    $23,369

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • BEX 1.30%
  • 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$25K051015202530BEX $23,369UNHG $14,829

Year by year

YearBEXUNHGOverpaying
10$2,263$1,371$892
20$8,393$5,205$3,188
30$23,369$14,829$8,540

Expense ratio

  • 1.30%BEX
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

BEX 229th cheapest of 315 funds

BEX vs UNHG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
BEX None
UNHG No data
Last payment
BEX No data
UNHG $1.90
Ex-dividend
BEX No data
UNHG Dec 30, 2025
Paid on
BEX No data
UNHG Jan 2, 2026
Frequency
BEX No data
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

BEXAll BEX payments⁠

No distribution history available.

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

BEX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BEX No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
BEX No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
BEX No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
BEX 18.83UNHG 5.53

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