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CRWG vs UNHG

Leverage Shares 2x Long CRWV Daily ETF

CRWGBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

CRWG0.77%UNHG0.77%

Avg volume · 30D

CRWG 4.7×the volume

CRWG3.43MUNHG726K

CRWG vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−94.5%CRWG+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. CRWG −94.5%. UNHG +11.9%. Use the arrow keys to read each point.−75%−50%−25%Oct 2025Apr 2026Oct 2026
Expense ratio
CRWG 0.77%
UNHG 0.77%
Fund size
CRWG $97M
UNHG $63M
1Y total return
CRWG −94.5%
UNHG +11.9%, better
Holdings
CRWG 6
UNHG 5
Avg volume (30D)
CRWG 3.43M sh, better
UNHG 726K sh
NAV per share
CRWG $6.37
UNHG $20.57
52W range

ETF.net Grade

CRWG: Cost 60, Risk 28, Mission 96, Tradability 91, Holdings not scored, Durability 67. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for CRWG, UNHG, with each pillar’s weight
PillarCRWGUNHG
Cost30% weightB60B60
Mission25% weightA96HigherA90
Risk15% weightD28A83Higher
Tradability15% weightA91A91
Holdings10% weightNot scoredNot scored
Durability5% weightB67HigherB66

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. CRWG 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 CRWG 37th 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 37BCOHHLeverage Shares 2X Long COHR Daily ETFScore 60
  5. Rank 37BCRWGLeverage Shares 2x Long CRWV Daily ETFScore 60
  6. Rank 37BIREGLeverage Shares 2x Long IREN Daily ETFScore 60

Our read on each fund

ETF.net Research

CRWGBLeverage Shares 2x Long CRWV Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

CRWG A 2x daily play on CoreWeave, the GPU landlord of the AI buildout. CRWG resets its leverage every day, costs 0.77%, and trades more briskly than most single-stock leverage funds.

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

CRWG The fund seeks daily investment results equal to 200% of the daily performance of CoreWeave, Inc. 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

  • CRWG Hitting 2x of CoreWeave's daily move is the entire job, and CRWG has stayed close to that target day after day, one of the tighter implementations in a crowded category.
  • At 0.77%, the fee sits below the category median and in line with siblings TSMG (0.76%) and UNHG (0.77%).
  • Actively traded, with pricing on the tighter end of its peer group. That matters when the holding period is measured in hours.
  • The multiple is 2x, not 3x: the milder end of the single-stock leverage shelf, launched in 2025.leverageshares.com
  • 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

  • CRWG Leverage resets daily. Hold longer and compounding takes over, so multi-week results can land far from 2x CoreWeave's move over the same stretch.leverageshares.com
  • Doubling one AI infrastructure stock's daily swings cuts both ways. This sits at the high-volatility end of the ETF universe.
  • One company, no cushion. An earnings print, a financing headline, or a lost contract at CoreWeave drives the whole fund.
  • 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 CRWG profile⁠

Full UNHG profile⁠

CRWG 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.

CRWG vs UNHG Cost

Same expense ratio

$14,829

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

  • CRWG 0.77%

    $14,829

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • CRWG 0.77%
  • UNHG 0.77%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CRWG $14,829UNHG $14,829

Year by year

YearCRWGUNHG
10$1,371$1,371
20$5,205$5,205
30$14,829$14,829

Expense ratio

  • 0.77%CRWG
  • 0.77%UNHG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

CRWG 135th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

CRWG vs UNHG Dividends

Last 12 months to Oct 30, 2026
Last payment
CRWG $2.00
UNHG $1.90
Ex-dividend
CRWG Dec 30, 2025
UNHG Dec 30, 2025
Paid on
CRWG Jan 2, 2026
UNHG Jan 2, 2026
Frequency
CRWG Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

CRWGIrregular · 1 paymentAll CRWG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $2.00. 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

CRWG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CRWG 171.2%since Sep 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
CRWG −0.30since Sep 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
CRWG −96.5%since Aug 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
CRWG 8.50UNHG 5.53

Popular comparisons

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