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BMNU vs UNHG

T-Rex 2x Long BMNR Daily Target ETF

BMNUDCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

0.0%by weight

Expense ratio

UNHG −0.73pt a year

BMNU1.50%UNHG0.77%

Avg volume · 30D

BMNU 6.7×the volume

BMNU4.88MUNHG726K

BMNU vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−94.1%BMNU+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. BMNU −94.1%. UNHG +11.9%. Use the arrow keys to read each point.−75%−50%−25%Oct 2025Apr 2026Oct 2026
Expense ratio
BMNU 1.50%
UNHG 0.77%, better
Fund size
BMNU $278M
UNHG $63M
1Y total return
BMNU −94.1%
UNHG +11.9%, better
Holdings
BMNU 7
UNHG 5
Avg volume (30D)
BMNU 4.88M sh, better
UNHG 726K sh
NAV per share
BMNU $13.22
UNHG $20.57
52W range

ETF.net Grade

BMNU: Cost 11, Risk 24, Mission not scored, Tradability 59, Holdings not scored, Durability 74. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for BMNU, UNHG, with each pillar’s weight
PillarBMNUUNHG
Cost30% weightF11B60Higher
Mission25% weightNot scoredA90
Risk15% weightF24A83Higher
Tradability15% weightB59A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA74HigherB66

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. BMNU 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 BMNU 275th 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 275DBBULGraniteShares 2x Long BB Daily ETFScore 30
  5. Rank 275DBMNUT-Rex 2x Long BMNR Daily Target ETFScore 30
  6. Rank 275DIONLGraniteShares 2x Long IONQ Daily ETFScore 30

Our read on each fund

ETF.net Research

BMNUDT-Rex 2x Long BMNR Daily Target ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

BMNU No data

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

BMNU No data

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

BMNU No data

  • 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

BMNU No data

  • 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 BMNU profile⁠

Full UNHG profile⁠

BMNU vs UNHG Holdings

How BMNU and UNHG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BMNU and 0.0% of UNHG.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for BMNU and UNHG.

Country, concentration and asset class

Country by domicile

Country weights in BMNU and UNHG, widest gap first
CountryMore in BMNUMore in UNHG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • BMNU209.8%
  • UNHG212.0%

Securities held

  • BMNU1
  • UNHG1

Asset class

BMNU
Equity
UNHG
Equity

Holdings

  • Only in BMNU1
  • In both0
  • Only in UNHG1

Only in BMNU

1 security, 9.5% of BMNU by weight

  • First American Government Obli First Am Gov Oblig X9.49%

Only in UNHG

1 security, 12.0% of UNHG by weight

  • First American Treasury Obligations Fund 01/01/204011.99%

Weight gaps

BMNU and UNHG share no securities.

All 8 BMNU 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.

BMNU vs UNHG Cost

Overpaying BMNU vs UNHG

$11,454

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

  • BMNU 1.50%

    $26,283

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • BMNU 1.50%
  • UNHG 0.77%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530BMNU $26,283UNHG $14,829

Year by year

YearBMNUUNHGOverpaying
10$2,590$1,371$1,219
20$9,519$5,205$4,314
30$26,283$14,829$11,454

Expense ratio

  • 1.50%BMNU
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

BMNU 271st cheapest of 315 funds

BMNU vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

BMNUAll BMNU 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

BMNU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BMNU 161.4%since Oct 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
BMNU −0.96since Oct 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
BMNU −98.3%since Sep 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
BMNU 2.52UNHG 5.53

BMNU and UNHG in the news

All news⁠

Popular comparisons

  • BMNUDvsTSMGA

    T-Rex 2x Long BMNR Daily Target ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.50% · 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.

  • BMNUDvsOKTGA

    T-Rex 2x Long BMNR Daily Target ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.50% · 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.

  • BMNUDvsPANGA

    T-Rex 2x Long BMNR Daily Target ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.50% · 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.