Skip to content
etf.net

BMNG vs UNHG

Leverage Shares 2x Long BMNR Daily ETF

BMNGCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

6.7%by weight

Expense ratio

UNHG −0.01pt a year

BMNG0.78%UNHG0.77%

Avg volume · 30D

UNHG 1.1×the volume

BMNG680KUNHG726K

BMNG vs UNHG Performance

Oct 31, 2025 – Nov 2, 2026

−94.3%BMNG+8.4%UNHG

Oct 31, 2025 to Nov 2, 2026. BMNG −94.3%. UNHG +8.4%. Use the arrow keys to read each point.−75%−50%−25%25%Oct 2025May 2026Nov 2026
Expense ratio
BMNG 0.78%
UNHG 0.77%, better
Fund size
BMNG $31M
UNHG $63M
1Y total return
BMNG −94.3%
UNHG +8.4%, better
Holdings
BMNG 6
UNHG 5
Avg volume (30D)
BMNG 680K sh
UNHG 726K sh, better
NAV per share
BMNG $15.45
UNHG $20.57
52W range

ETF.net Grade

BMNG: Cost 60, Risk 23, Mission 86, Tradability 75, Holdings not scored, Durability 61. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for BMNG, UNHG, with each pillar’s weight
PillarBMNGUNHG
Cost30% weightB60B60
Mission25% weightA86A90Higher
Risk15% weightF23A83Higher
Tradability15% weightA75A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB61B66Higher

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. BMNG 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 BMNG 71st 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 71CAAOGLeverage Shares 2X Long AAOI Daily ETFScore 54
  5. Rank 71CBMNGLeverage Shares 2x Long BMNR Daily ETFScore 54
  6. Rank 71CCIFGLeverage Shares 2x Long CIFR Daily ETFScore 54

Our read on each fund

ETF.net Research

BMNGCLeverage Shares 2x Long BMNR Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

BMNG BitMine's balance sheet is mostly Ethereum. BMNG aims to deliver 200% of that stock's daily move, so you are stacking leverage on something that already trades like a crypto proxy. Fee: 0.78%, 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

BMNG The fund seeks daily investment results, before fees and expenses, corresponding to 200% of the daily performance of BitMine stock, identified as BMNR.

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

  • BMNG One job, stated plainly: 200% of BitMine stock's daily move, reset every day. No stock picking, no index to second-guess.
  • 0.78% all-in, with no waiver propping up the number, which lands below the typical fee in the single-stock leveraged category.
  • Actively traded, and it has stayed close to its stated daily target, which is more than you can say for every ticker in this crowded field.
  • 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

  • BMNG The 2x target resets daily. Through a choppy stretch, results can drift well away from twice the stock's move over that same span.
  • BitMine already swings with Ethereum, which it holds in size. Doubling that daily puts BMNG among the most volatile things on a US exchange.prnewswire.com
  • Launched in 2025, so the track record is short, and it makes no distributions. The whole case here is price movement.
  • 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 BMNG profile⁠

Full UNHG profile⁠

BMNG vs UNHG Holdings

How BMNG and UNHG differ

Overlap by weight

6.7%

Shared holdings make up 13.5% of UNHG and 6.7% of BMNG.

Level by level

  • Holdings1 in both6.7%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for BMNG and UNHG.

Country, concentration and asset class

Country by domicile

Country weights in BMNG and UNHG, widest gap first
CountryMore in BMNGMore in UNHG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • BMNG207.0%
  • UNHG213.5%

Securities held

  • BMNG1
  • UNHG1

Asset class

BMNG
Equity
UNHG
Equity

Holdings

  • Only in BMNG0
  • In both1
  • Only in UNHG0

Only in BMNG

0 securities, 0.0% of BMNG 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 BMNG and UNHG, widest gap first
HoldingMore in BMNGMore in UNHG
First American Treasury Obligations Fund 01/01/2040UNHG +6.74 points

All 6 BMNG 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.

BMNG vs UNHG Cost

Overpaying BMNG vs UNHG

$173

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

  • BMNG 0.78%

    $15,002

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • BMNG 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$20K051015202530BMNG $15,002UNHG $14,829

Year by year

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

Expense ratio

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

UNHG 135th cheapest of 315 funds

BMNG 142nd cheapest of 315 funds

BMNG vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

BMNGAll BMNG 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

BMNG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BMNG 168.0%since Nov 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
BMNG −0.80since Nov 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
BMNG −97.3%since Oct 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
BMNG 1.83UNHG 5.19

Popular comparisons

  • BMNGCvsTSMGA

    Leverage Shares 2x Long BMNR Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.78% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsTSMGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.77% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BMNGCvsOKTGA

    Leverage Shares 2x Long BMNR Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.78% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsOKTGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.77% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BMNGCvsPANGA

    Leverage Shares 2x Long BMNR Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.78% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsPANGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.77% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.