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BTCU vs UNHG

Direxion Daily Bitcoin Bull 2X ETF

BTCUCNYSE Arca

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

0.0%by weight

Expense ratio

UNHG −0.36pt a year

BTCU1.13%UNHG0.77%

Avg volume · 30D

UNHG 26.7×the volume

BTCU27.2KUNHG726K

BTCU vs UNHG Performance

Jul 31, 2026 – Nov 2, 2026

+38.6%BTCU−11.0%UNHG

Jul 31, 2026 to Nov 2, 2026. BTCU +38.6%. UNHG −11.0%. Use the arrow keys to read each point.20%60%80%Jul 2026Sep 2026Nov 2026
Expense ratio
BTCU 1.13%
UNHG 0.77%, better
Fund size
BTCU $5M
UNHG $63M
1Y total return
BTCU No data
UNHG +8.4%
Holdings
BTCU 8
UNHG 5
Avg volume (30D)
BTCU 27.2K sh
UNHG 726K sh, better
NAV per share
BTCU $22.44
UNHG $20.57
52W range

ETF.net Grade

BTCU: Cost 38, Risk 82, Mission not scored, Tradability 50, Holdings not scored, Durability 55. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for BTCU, UNHG, with each pillar’s weight
PillarBTCUUNHG
Cost30% weightD38B60Higher
Mission25% weightNot scoredA90
Risk15% weightA82A83Higher
Tradability15% weightC50A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB55B66Higher

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. BTCU 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 BTCU 78th 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 78CBABXGraniteShares 2x Long BABA Daily ETFScore 52
  5. Rank 78CBTCUDirexion Daily Bitcoin Bull 2X ETFScore 52
  6. Rank 78CLMTLDirexion Daily LMT Bull 2X ETFScore 52

Our read on each fund

ETF.net Research

BTCUCDirexion Daily Bitcoin Bull 2X ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

BTCU What if you could get 2x daily bitcoin without touching futures? That's BTCU: swaps written on a spot bitcoin ETF, targeting 200% of bitcoin's daily move. 1.13% net of a waiver through September 1, 2027.

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

BTCU BTCU seeks daily investment results equal to 200% of Bitcoin's price performance before fees and expenses.

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

  • BTCU The spot angle. Direxion built this on swaps referencing IBIT, the iShares spot bitcoin ETF, rather than CME futures, so the reference is bitcoin's price, not a futures curve.direxion.com
  • One job, stated plainly: daily results of 200% of bitcoin's price performance before fees and expenses. No stock picking, no discretion, no hedge overlay.direxion.com
  • 2x is the milder rung on the leverage ladder. The daily-reset math that chews up 3x products in choppy tape bites less hard at double.
  • On risk measures, it sits in the stronger part of a crowded leveraged-bull field of hundreds of funds.
  • 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

  • BTCU This is a one-day tool. Leverage resets daily, so returns over longer stretches can diverge meaningfully from 2x bitcoin, and volatile sideways markets widen that gap.sec.gov
  • Cost runs above the category median: 1.13% net of a waiver through September 1, 2027, 1.15% gross. The cheapest-run 2x names (OKTG 0.75%, TSMG 0.76%) charge less, unwaived.
  • Young and small. It launched in 2026 with a modest asset base and light trading, which can mean wider spreads for anyone sizing a position quickly.
  • 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 BTCU profile⁠

Full UNHG profile⁠

BTCU vs UNHG Holdings

How BTCU and UNHG differ

Overlap by weight

0.0%

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

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for BTCU and UNHG.

Country, concentration and asset class

Country by domicile

No country split for BTCU.

Concentration

Weight in the 10 largest Holdings

  • BTCU100.0%
  • UNHG213.5%

Securities held

  • BTCU2
  • UNHG1

Asset class

BTCU
Leveraged/Inverse
UNHG
Equity

Holdings

  • Only in BTCU2
  • In both0
  • Only in UNHG1

Only in BTCU

2 securities, 18.5% of BTCU by weight

  • Goldman Finl Sq Trsry Inst 50611.01%
  • Goldman Sachs Fin Gov 465 Institut7.46%

Only in UNHG

1 security, 13.5% of UNHG by weight

  • First American Treasury Obligations Fund 01/01/204013.47%

Weight gaps

BTCU and UNHG share no securities.

All BTCU 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.

BTCU vs UNHG Cost

Overpaying BTCU vs UNHG

$5,935

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

  • BTCU 1.13%

    $20,764

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • BTCU 1.13%
  • 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$25K051015202530BTCU $20,764UNHG $14,829

Year by year

YearBTCUUNHGOverpaying
10$1,981$1,371$610
20$7,403$5,205$2,198
30$20,764$14,829$5,935

Expense ratio

  • 1.13%BTCU
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

BTCU 221st cheapest of 315 funds

BTCU vs UNHG Dividends

Last 12 months to Nov 2, 2026
Last payment
BTCU $0.16
UNHG $1.90
Ex-dividend
BTCU Sep 22, 2026
UNHG Dec 30, 2025
Paid on
BTCU Sep 29, 2026
UNHG Jan 2, 2026
Frequency
BTCU Quarterly
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

BTCUQuarterly · 2 paymentsAll BTCU payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Jun 23, 2026 $0.04; Sep 22, 2026 $0.16. Use the arrow keys to read each point.$0$22026YTD
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

BTCU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTCU No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
BTCU No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
BTCU No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
BTCU 0.00UNHG 5.19

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