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CRCG vs UNHG

Leverage Shares 2x Long CRCL Daily ETF

CRCGBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.01pt a year

CRCG0.78%UNHG0.77%

Avg volume · 30D

CRCG 4.4×the volume

CRCG3.24MUNHG744K

CRCG vs UNHG Performance

Nov 7, 2025 – Nov 9, 2026

−85.1%CRCG+18.8%UNHG

Nov 7, 2025 to Nov 9, 2026. CRCG −85.1%. UNHG +18.8%. Use the arrow keys to read each point.−50%−25%0%50%Nov 2025May 2026Nov 2026
Expense ratio
CRCG 0.78%
UNHG 0.77%, better
Fund size
CRCG $76M
UNHG $73M
1Y total return
CRCG −85.1%
UNHG +18.8%, better
Holdings
CRCG 7
UNHG 6
Avg volume (30D)
CRCG 3.24M sh, better
UNHG 744K sh
NAV per share
CRCG $7.50
UNHG $19.20
52W range

ETF.net Grade

CRCG: Cost 61, Risk 44, Mission 96, Tradability 89, Holdings not scored, Durability 66. UNHG: Cost 61, Risk 86, Mission 91, Tradability 91, Holdings not scored, Durability 67.
Pillar letters and Scores for CRCG, UNHG, with each pillar’s weight
PillarCRCGUNHG
Cost30% weightB61B61
Mission25% weightA96HigherA91
Risk15% weightC44A86Higher
Tradability15% weightA89A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB66B67Higher

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. CRCG 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 CRCG 26th 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 26CBIDGLeverage Shares 2X Long BIDU Daily ETFScore 63
  4. Rank 26BCRCGLeverage Shares 2x Long CRCL Daily ETFScore 63
  5. Rank 26BMSFUDirexion Daily MSFT Bull 2X SharesScore 63

Our read on each fund

ETF.net Research

CRCGBLeverage Shares 2x Long CRCL Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

CRCG Two times the daily move in Circle, the listed issuer of the USDC stablecoin, wrapped as a regular ETF: no margin account, no margin calls. The fee runs 0.78%, under the single-stock leverage crowd.

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

CRCG The fund seeks daily investment results equal to 200% of the daily performance of Circle 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

  • CRCG 0.78% a year, below the typical single-stock leveraged fund and in line with Leverage Shares siblings TSMG (0.76%) and UNHG (0.77%). No fee waiver propping that number up.
  • Hews closely to its stated 200% daily target, one of the tighter implementations among the hundreds of leveraged single-stock funds.
  • A 1940 Act fund using swaps: issuer materials cite no margin calls and losses capped at the amount invested, unlike running the same bet in a margin account.leverageshares.com
  • Trades actively through the session, which matters for a tool built to be used in short stretches.
  • 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

  • CRCG Leverage resets every day. Hold through choppy weeks and the result can wander well away from double Circle's move over that stretch.leverageshares.comleverageshares.com 2
  • One stock, doubled, and a young one: Circle listed in June 2025, so there is little history on how wide its swings run. Sits at the volatile end of the ETF universe.cnbc.com
  • Not an income vehicle: no distributions paid, and the fund itself only launched in August 2025.globenewswire.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 CRCG profile⁠

Full UNHG profile⁠

CRCG 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.

CRCG vs UNHG Cost

Overpaying CRCG vs UNHG

$173

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

  • CRCG 0.78%

    $15,002

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • CRCG 0.78%
  • 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$20K051015202530CRCG $15,002UNHG $14,829

Year by year

YearCRCGUNHGOverpaying
10$1,388$1,371$17
20$5,268$5,205$63
30$15,002$14,829$173

Expense ratio

  • 0.78%CRCG
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 312 funds

CRCG 142nd cheapest of 312 funds

CRCG vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

CRCGAll CRCG 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

CRCG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CRCG 169.7%since Sep 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
CRCG −0.36since Sep 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
CRCG −95.3%since Aug 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
CRCG 0.39UNHG 5.19

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