BOEU vs UNHG: Grades, Fees and Holdings Compared

Direxion Daily BA Bull 2X ETF

BOEUCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

0.0%by weight

Expense ratio

UNHG −0.29pt a year

BOEU1.06%UNHG0.77%

Avg volume · 30D

UNHG 11.1×the volume

BOEU65.3KUNHG726K

BOEU vs UNHG Performance

Oct 31, 2025 – Nov 2, 2026

−40.0%BOEU+8.4%UNHG

Expense ratio: BOEU 1.06%; UNHG 0.77%, better
Fund size: BOEU $25M; UNHG $63M
1Y total return: BOEU −40.0%; UNHG +8.4%, better
Yield (12M): BOEU 3.81%; UNHG No data
Holdings: BOEU 9; UNHG 5
Avg volume (30D): BOEU 65.3K sh; UNHG 726K sh, better
NAV per share: BOEU $19.43; UNHG $20.57
52W range

ETF.net Grade

Pillar letters and Scores for BOEU, UNHG, with each pillar’s weight
Pillar	BOEU	UNHG
Cost30% weight	C42	B60Higher
Mission25% weight	A82	A90Higher
Risk15% weight	B61	A83Higher
Tradability15% weight	C48	A90Higher
Holdings10% weight	Not scored	Not scored
Durability5% weight	A74Higher	B66

Rank among Single-Stock Long Leveraged funds

How we build Categories ›

Same Category. BOEU 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 BOEU 84th of 315 funds in the Single-Stock Long Leveraged Category.

Rank 1ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
Rank 2AUNHGLeverage Shares 2x Long UNH Daily ETFScore 72
Rank 3AOKTGLeverage Shares 2x Long OKTA Daily ETFScore 70
Rank 84CBEXTradr 2X Long BE Daily ETFScore 50
Rank 84CBOEUDirexion Daily BA Bull 2X ETFScore 50
Rank 84CMSFXT-Rex 2X Long Microsoft Daily Target ETFScore 50

Our read on each fund

ETF.net Research

BOEUCDirexion Daily BA Bull 2X ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

BOEU Two times Boeing, one day at a time. BOEU aims for 200% of BA's daily move, resets every night, and beat every other 2x Boeing fund to market. Fee: 1.06% net of a waiver through September 1, 2027 (1.30% gross).

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

BOEU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of The Boeing's 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

BOEU First mover: listed in April 2025, it beat the only other 2x Boeing ETF to market by roughly two months.direxion.com leverageshares.com
Tracks what it sets out to track: day-to-day results have stayed close to the 200%-of-BA objective, among the stronger implementations in the leveraged single-stock crowd.
One job, stated plainly: 200% of Boeing's daily move before fees and expenses. No stock picking, no index committee, nothing buried in the fine print.direxion.com

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.com sec.gov

Worth knowing

BOEU Daily reset cuts both ways: returns compound off a new base each session, so a choppy stretch can leave the fund well off 2x the period's move.direxion.com
Cost sits above the category median: 1.06% net of a waiver through September 1, 2027, and 1.30% gross if that waiver lapses. The rival 2x Boeing fund prices below it.leverageshares.com
All eggs, one hangar. A safety headline, a strike, or a delivery miss at Boeing lands twice as hard here, and there is no other holding to soften it.direxion.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 BOEU profile⁠

Full UNHG profile⁠

BOEU vs UNHG Holdings

How BOEU and UNHG differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for UNHG.

Country, concentration and asset class

Country by domicile

Country weights in BOEU and UNHG, widest gap first
Country	More in BOEUMore in UNHG	BOEU	UNHG
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

BOEU100.0%
UNHG213.5%

Securities held

BOEU3
UNHG1

Asset class

BOEU: Equity
UNHG: Equity

Holdings

Only in BOEU3
In both0
Only in UNHG1

Only in BOEU

3 securities, 6.5% of BOEU by weight

Goldman Finl Sq Trsry Inst 5064.56%
Boeing Co/The1.75%
Goldman Sachs Fin Gov 465 Institut0.16%

Only in UNHG

1 security, 13.5% of UNHG by weight

First American Treasury Obligations Fund 01/01/204013.47%

Weight gaps

BOEU and UNHG share no securities.

All 6 BOEU 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.

BOEU vs UNHG Cost

Overpaying BOEU vs UNHG

$4,826

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

BOEU 1.06%
$19,655
UNHG 0.77%
$14,829

Amount$10,000

Years30 years

Cost over time

BOEU 1.06%
UNHG 0.77%
Overpaying

Year by year

Year	BOEU	UNHG	Overpaying
10	$1,864	$1,371	$493
20	$6,987	$5,205	$1,782
30	$19,655	$14,829	$4,826

Expense ratio

1.06%BOEU
0.77%UNHG, cheaper

UNHG0.77%BOEU1.06%

0.20%2.28%

Middle half of Single-Stock Long Leveraged funds
Median 0.97%

UNHG 135th cheapest of 315 funds

BOEU 211th cheapest of 315 funds

BOEU vs UNHG Dividends

Last 12 months to Nov 2, 2026

Yield (12M): BOEU 3.81%; UNHG No data
Payout (12M): BOEU $0.77; UNHG No data
Last payment: BOEU $0.15; UNHG $1.90
Ex-dividend: BOEU Sep 22, 2026; UNHG Dec 30, 2025
Paid on: BOEU Sep 29, 2026; UNHG Jan 2, 2026
Frequency: BOEU Quarterly; UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

BOEUQuarterly · 7 paymentsAll BOEU payments⁠

UNHGIrregular · 1 paymentAll UNHG payments⁠

BOEU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BOEU 60.8%since May 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years: BOEU −0.28since May 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years: BOEU −63.3%since Apr 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years: BOEU 2.67UNHG 5.19; Market = 1

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