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CRWL vs UNHG

GraniteShares 2x Long CRWD Daily ETF

CRWLCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.90pt a year

CRWL1.67%UNHG0.77%

Avg volume · 30D

UNHG 5.3×the volume

CRWL140KUNHG744K

CRWL vs UNHG Performance

Nov 7, 2025 – Nov 9, 2026

+72.0%CRWL+18.8%UNHG

Nov 7, 2025 to Nov 9, 2026. CRWL +72.0%. UNHG +18.8%. Use the arrow keys to read each point.−50%100%150%Nov 2025May 2026Nov 2026
Expense ratio
CRWL 1.67%
UNHG 0.77%, better
Fund size
CRWL $47M
UNHG $73M
1Y total return
CRWL +72.0%, better
UNHG +18.8%
Holdings
CRWL 2
UNHG 6
Avg volume (30D)
CRWL 140K sh
UNHG 744K sh, better
NAV per share
CRWL $65.96
UNHG $19.20
52W range

ETF.net Grade

CRWL: Cost 2, Risk 74, Mission 99, Tradability 85, Holdings not scored, Durability 78. UNHG: Cost 61, Risk 86, Mission 91, Tradability 91, Holdings not scored, Durability 67.
Pillar letters and Scores for CRWL, UNHG, with each pillar’s weight
PillarCRWLUNHG
Cost30% weightF2B61Higher
Mission25% weightA99HigherA91
Risk15% weightA74A86Higher
Tradability15% weightA85A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA78HigherB67

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. CRWL 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 CRWL 110th 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 110CAMADefiance Daily Target 2X Long AMAT ETFScore 43
  4. Rank 110CCRWLGraniteShares 2x Long CRWD Daily ETFScore 43
  5. Rank 110CDLLLGraniteShares 2x Long DELL Daily ETFScore 43

Our read on each fund

ETF.net Research

CRWLCGraniteShares 2x Long CRWD Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

CRWL A one-day trade on CrowdStrike. CRWL aims to deliver twice CRWD's daily move, resets every night, and makes no claim on any longer stretch. GraniteShares has run it since 2024, and it has stayed close to that 2x daily target.

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

CRWL The Fund seeks daily investment results equal to twice the daily percentage change of CrowdStrike Holdings Inc.'s common stock, before fees and expenses. The objective is measured daily and is not intended to track twice the cumulative return over periods longer than one day.

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

  • CRWL The daily math holds up: CRWL has landed close to twice CRWD's daily move, which is the entire job of a geared single-stock fund.graniteshares.com
  • Liquidity has been workable for a single-stock leveraged fund, so getting a position on or off has not been the hard part.
  • Running since 2024, and GraniteShares files a 2x short CRWD fund in the same prospectus, so both sides of the stock sit under one roof.graniteshares.com
  • Lands in the upper half of a crowded leveraged single-stock field on how cleanly it executes the mandate it wrote down.
  • 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

  • CRWL Cost is the trade-off: 1.50% net of a waiver through December 31, 2026, and 1.82% without it. Rival 2x single-stock funds charge less, with OKTG at 0.75% and TSMG at 0.76% and no waiver attached.
  • The 2x target resets every day. Over a choppy multi-day stretch, compounding can leave the fund short of twice CRWD's move for the period, even if the stock ends higher.graniteshares.com
  • One stock, double the swing. A single earnings print or security headline at CrowdStrike moves this fund twice as hard, in both directions, with no diversification to soften it.graniteshares.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 CRWL profile⁠

Full UNHG profile⁠

CRWL 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.

CRWL vs UNHG Cost

Overpaying CRWL vs UNHG

$13,808

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

  • CRWL 1.67%

    $28,637

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • CRWL 1.67%
  • 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$30K051015202530CRWL $28,637UNHG $14,829

Year by year

YearCRWLUNHGOverpaying
10$2,863$1,371$1,492
20$10,445$5,205$5,240
30$28,637$14,829$13,808

Expense ratio

  • 1.67%CRWL
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 312 funds

CRWL 305th cheapest of 312 funds

CRWL vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

CRWLAll CRWL 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

CRWL vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CRWL 134.1%since Dec 2024UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
CRWL 0.90since Dec 2024UNHG 0.90since Aug 2025Same figure. Both funds show the same value, so neither comes out ahead.
Worst fallMax drawdown, 5 years
CRWL −65.0%since Nov 2024UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
CRWL 4.67UNHG 5.19

CRWL and UNHG in the news

All news⁠

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