Skip to content
etf.net

BULG vs UNHG

Leverage Shares 2x Long BULL Daily ETF

BULGCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.10pt a year

BULG0.87%UNHG0.77%

Avg volume · 30D

UNHG 69.1×the volume

BULG10.8KUNHG744K

BULG vs UNHG Performance

Nov 7, 2025 – Nov 9, 2026

−87.0%BULG+18.8%UNHG

Nov 7, 2025 to Nov 9, 2026. BULG −87.0%. UNHG +18.8%. Use the arrow keys to read each point.−50%−25%0%50%Nov 2025May 2026Nov 2026
Expense ratio
BULG 0.87%
UNHG 0.77%, better
Fund size
BULG $2M
UNHG $73M
1Y total return
BULG −87.0%
UNHG +18.8%, better
Holdings
BULG 5
UNHG 6
Avg volume (30D)
BULG 10.8K sh
UNHG 744K sh, better
NAV per share
BULG $13.89
UNHG $19.20
52W range

ETF.net Grade

BULG: Cost 59, Risk 40, Mission 74, Tradability 48, Holdings not scored, Durability 46. UNHG: Cost 61, Risk 86, Mission 91, Tradability 91, Holdings not scored, Durability 67.
Pillar letters and Scores for BULG, UNHG, with each pillar’s weight
PillarBULGUNHG
Cost30% weightB59B61Higher
Mission25% weightA74A91Higher
Risk15% weightC40A86Higher
Tradability15% weightC48A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC46B67Higher

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. BULG and UNHG are both graded against the same 312 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 312 funds
See all 312 ›

UNHG ranks 1st and BULG 124th of 312 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1AUNHGLeverage Shares 2x Long UNH Daily ETFScore 74
  2. Rank 2ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  3. Rank 124CBRKLCorgi BRKB 2x Daily ETFScore 40
  4. Rank 124CBULGLeverage Shares 2x Long BULL Daily ETFScore 40
  5. Rank 124CCAMCCorgi CAMT 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

BULGCLeverage Shares 2x Long BULL Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

BULG Two times the daily move in Webull stock, wrapped in a 1940 Act ETF. The same daily-reset machinery Leverage Shares runs across its single-stock shelf, pointed at one young, headline-prone online broker.

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

BULG The fund seeks daily investment results equal to 200% of the daily performance of Webull Corp stock, 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

  • BULG The mandate is blunt: 200% of Webull's daily move before fees, reset each day. One stock, one multiple, no index committee or hedging overlay in between.leverageshares.com
  • Fee sits below the median for leveraged single-stock ETFs, a category running to hundreds of tickers.
  • A 1940 Act registered fund, exchange-listed: no margin account, no options approval, no swap paperwork of your own.leverageshares.com
  • One of dozens of near-identical 2x wrappers from the same shop (TSMG, OKTG, PANG). The machinery is well-worn; the underlying is the only real variable.
  • 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

  • BULG Daily reset means multi-day results compound off each new base. The issuer calls it a short-term tactical tool, often a single-day hold.leverageshares.com
  • No diversification by design: one company's headlines move this fund at double speed, in both directions.
  • Assets are modest and trading is light. Leverage Shares closed 13 subscale ETFs in October 2026, so fund size and spreads are worth watching.leverageshares.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 BULG profile⁠

Full UNHG profile⁠

BULG vs 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.

BULG vs UNHG Cost

Overpaying BULG vs UNHG

$1,707

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

  • BULG 0.87%

    $16,536

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • BULG 0.87%
  • 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$20K051015202530BULG $16,536UNHG $14,829

Year by year

YearBULGUNHGOverpaying
10$1,542$1,371$171
20$5,830$5,205$625
30$16,536$14,829$1,707

Expense ratio

  • 0.87%BULG
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 312 funds

BULG 151st cheapest of 312 funds

BULG vs UNHG Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
BULG None
UNHG No data
Last payment
BULG No data
UNHG $1.90
Ex-dividend
BULG No data
UNHG Dec 30, 2025
Paid on
BULG No data
UNHG Jan 2, 2026
Frequency
BULG No data
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

BULGAll BULG 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

BULG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BULG 151.8%since Sep 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
BULG −0.79since Sep 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
BULG −96.1%since Aug 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
BULG 8.28UNHG 5.19

Popular comparisons

  • BULGCvsTSMGA

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

    Expense ratio
    0.87% · 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.

  • BULGCvsCOTGA

    Leverage Shares 2x Long BULL Daily ETF · Leverage Shares 2X Long COST Daily ETF

    Expense ratio
    0.87% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsCOTGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2X Long COST Daily ETF

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

  • BULGCvsOKTGA

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

    Expense ratio
    0.87% · 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.