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BTDL vs UNHG

GraniteShares 2x Long BTDR Daily ETF

BTDLFNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

0.0%by weight

Expense ratio

UNHG −0.73pt a year

BTDL1.50%UNHG0.77%

Avg volume · 30D

UNHG 17.3×the volume

BTDL42KUNHG726K

BTDL vs UNHG Performance

Jul 31, 2026 – Nov 2, 2026

−75.8%BTDL−11.0%UNHG

Jul 31, 2026 to Nov 2, 2026. BTDL −75.8%. UNHG −11.0%. Use the arrow keys to read each point.−60%−40%20%Jul 2026Sep 2026Nov 2026
Expense ratio
BTDL 1.50%
UNHG 0.77%, better
Fund size
BTDL $2M
UNHG $63M
1Y total return
BTDL No data
UNHG +8.4%
Holdings
BTDL 2
UNHG 5
Avg volume (30D)
BTDL 42K sh
UNHG 726K sh, better
NAV per share
BTDL $4.82
UNHG $20.57
52W range

ETF.net Grade

BTDL: Cost 11, Risk 24, Mission not scored, Tradability 39, Holdings not scored, Durability 40. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for BTDL, UNHG, with each pillar’s weight
PillarBTDLUNHG
Cost30% weightF11B60Higher
Mission25% weightNot scoredA90
Risk15% weightF24A83Higher
Tradability15% weightD39A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC40B66Higher

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. BTDL 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 BTDL 301st 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 298FGLXUT-REX 2X Long GLXY Daily Target ETFScore 23
  5. Rank 301FBTDLGraniteShares 2x Long BTDR Daily ETFScore 22
  6. Rank 302FONDUTradr 2X Long ONDS Daily ETFScore 21

Our read on each fund

ETF.net Research

BTDLFGraniteShares 2x Long BTDR Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

BTDL 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

BTDL 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

BTDL 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

BTDL 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 BTDL profile⁠

Full UNHG profile⁠

BTDL vs UNHG Holdings

How BTDL and UNHG differ

Overlap by weight

0.0%

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

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Countryby domicile0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for BTDL and UNHG.

Country, concentration and asset class

Country by domicile

Country weights in BTDL and UNHG, widest gap first
CountryMore in BTDLMore in UNHG
SingaporeBTDL +100.0 points
United StatesUNHG +100.0 points

Outside the US: BTDL 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

  • BTDL100.0%
  • UNHG213.5%

Securities held

  • BTDL1
  • UNHG1

Asset class

BTDL
Leveraged/Inverse
UNHG
Equity

Holdings

  • Only in BTDL1
  • In both0
  • Only in UNHG1

Only in BTDL

1 security, 66.7% of BTDL by weight

  • Btdr66.66%

Only in UNHG

1 security, 13.5% of UNHG by weight

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

Weight gaps

BTDL and UNHG share no securities.

All BTDL 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.

BTDL vs UNHG Cost

Overpaying BTDL vs UNHG

$11,454

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

  • BTDL 1.50%

    $26,283

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • BTDL 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$30K051015202530BTDL $26,283UNHG $14,829

Year by year

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

UNHG 135th cheapest of 315 funds

BTDL 271st cheapest of 315 funds

BTDL vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

BTDLAll BTDL 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

BTDL vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

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

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