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CBRG vs UNHG

Leverage Shares 2X Long CBRS Daily ETF

CBRGBCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

CBRG −0.02pt a year

CBRG0.75%UNHG0.77%

Avg volume · 30D

CBRG 19.7×the volume

CBRG14.3MUNHG726K

CBRG vs UNHG Performance

Jul 31, 2026 – Oct 30, 2026

−77.1%CBRG−8.1%UNHG

Jul 31, 2026 to Oct 30, 2026. CBRG −77.1%. UNHG −8.1%. Use the arrow keys to read each point.−50%−25%25%50%75%Jul 2026Sep 2026Oct 2026
Expense ratio
CBRG 0.75%, better
UNHG 0.77%
Fund size
CBRG $57M
UNHG $63M
1Y total return
CBRG No data
UNHG +11.9%
Holdings
CBRG 5
UNHG 5
Avg volume (30D)
CBRG 14.3M sh, better
UNHG 726K sh
NAV per share
CBRG $0.9300
UNHG $20.57
52W range

ETF.net Grade

CBRG: Cost 70, Risk 12, Mission not scored, Tradability 78, Holdings not scored, Durability 58. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for CBRG, UNHG, with each pillar’s weight
PillarCBRGUNHG
Cost30% weightA70HigherB60
Mission25% weightNot scoredA90
Risk15% weightF12A83Higher
Tradability15% weightA78A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB58B66Higher

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. CBRG 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 CBRG 58th 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 54BMRVUDirexion Daily MRVL Bull 2X ETFScore 58
  5. Rank 58BCBRGLeverage Shares 2X Long CBRS Daily ETFScore 57
  6. Rank 58BELILDirexion Daily LLY Bull 2X ETFScore 57

Our read on each fund

ETF.net Research

CBRGBLeverage Shares 2X Long CBRS Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

CBRG Cerebras barely finished its IPO before this arrived: 2x daily exposure to the wafer-scale AI chipmaker, in an ETF wrapper rather than a margin account, at 0.75% while the typical single-stock leveraged fund runs near 1.15%.

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

CBRG The fund seeks daily investment results equal to 200% of the daily performance of Cerebras Systems common 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

  • CBRG At 0.75%, it undercuts the roughly 1.15% median fee in its single-stock leveraged cohort and matches the cheapest Leverage Shares siblings, like the 2x UNH fund (UNHG).
  • The mechanism is plain: 200% of Cerebras's daily move before fees, in a 1940 Act ETF you buy like any share. No margin account to open, no borrow to arrange.leverageshares.comcboe.com
  • Pure play, not a basket. The exposure rides one company's wafer-scale AI compute story instead of getting diluted across two dozen other chip names.leverageshares.comcerebras.ai
  • For a fund this new, it already changes hands actively, which tends to keep entry and exit spreads reasonable.
  • 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

  • CBRG Daily reset compounds. Hold past one day and results can drift from 2x the stock's move; the fund's own factsheet warns it can lose money even if Cerebras is flat.leverageshares.com
  • Double exposure to one young chip stock cuts both ways, and the listing materials frame these as short-term tools for active traders.cboe.com
  • History is thin: the fund launched in 2026, right after the Cerebras IPO, so there is little data on how it acts across a full cycle.leverageshares.combenzinga.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 CBRG profile⁠

Full UNHG profile⁠

CBRG 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.

CBRG vs UNHG Cost

Overpaying UNHG vs CBRG

$347

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

  • CBRG 0.75%

    $14,482

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • CBRG 0.75%
  • 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$15K051015202530UNHG $14,829CBRG $14,482

Year by year

YearCBRGUNHGOverpaying
10$1,336$1,371$35
20$5,078$5,205$127
30$14,482$14,829$347

Expense ratio

  • 0.75%CBRG, cheaper
  • 0.77%UNHG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

CBRG 87th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

CBRG vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

CBRGAll CBRG 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

CBRG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CBRG No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
CBRG No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
CBRG No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
CBRG 1.75UNHG 5.53

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