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DLLL vs UNHG

GraniteShares 2x Long DELL Daily ETF

DLLLCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.75pt a year

DLLL1.52%UNHG0.77%

Avg volume · 30D

DLLL 2.4×the volume

DLLL1.71MUNHG726K

DLLL vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

+279.2%DLLL+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. DLLL +279.2%. UNHG +11.9%. Use the arrow keys to read each point.400%600%Oct 2025Apr 2026Oct 2026
Expense ratio
DLLL 1.52%
UNHG 0.77%, better
Fund size
DLLL $159M
UNHG $63M
1Y total return
DLLL +279.2%, better
UNHG +11.9%
Holdings
DLLL 2
UNHG 5
Avg volume (30D)
DLLL 1.71M sh, better
UNHG 726K sh
NAV per share
DLLL $24.24
UNHG $20.57
52W range

ETF.net Grade

DLLL: Cost 4, Risk 75, Mission 95, Tradability 86, Holdings not scored, Durability 80. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for DLLL, UNHG, with each pillar’s weight
PillarDLLLUNHG
Cost30% weightF4B60Higher
Mission25% weightA95HigherA90
Risk15% weightA75A83Higher
Tradability15% weightA86A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA80HigherB66

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. DLLL 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 DLLL 102nd 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 102CAXTLLeverage Shares 2X Long AXTI Daily ETFScore 45
  5. Rank 102CDLLLGraniteShares 2x Long DELL Daily ETFScore 45
  6. Rank 102CGEVXTradr 2X Long GEV Daily ETFScore 45

Our read on each fund

ETF.net Research

DLLLCGraniteShares 2x Long DELL Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

DLLL Two times Dell's daily move in one ticker, no margin account or options chain required. The exposure resets every day, which makes it a short-clock trading tool rather than a set-and-forget holding.

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

DLLL The fund seeks daily investment results equal to 2 times the daily percentage change of Dell Technologies Inc.'s common stock. It is intended as a short-term trading vehicle and is not expected to deliver 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

  • DLLL Does one thing and states it plainly: aims for 2x Dell's daily percentage change, and it has stayed close to that daily mark since its February 2025 launch.graniteshares.com
  • Actively traded, which matters for an instrument where your fill is most of the outcome.
  • Leverage in a wrapper you already use: a 1940 Act ETF bought in a normal brokerage account, no margin agreement, options approval, or roll schedule.graniteshares.com
  • Stands in the upper half of a very crowded field of 2x single-stock bull funds.
  • 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

  • DLLL Priced at the high end: 1.50% net of a waiver through December 31, 2026 (3.55% gross), above the category median. TSMG charges 0.76% and OKTG 0.75%, neither waived.
  • The daily reset compounds. Over any stretch longer than one day, results can drift from 2x Dell's move, and choppy stretches erode value. The prospectus says so.graniteshares.com
  • One stock, doubled. A single Dell earnings report moves the whole position at twice the speed, with no other holdings to cushion it.
  • 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 DLLL profile⁠

Full UNHG profile⁠

DLLL 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.

DLLL vs UNHG Cost

Overpaying DLLL vs UNHG

$11,737

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

  • DLLL 1.52%

    $26,566

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • DLLL 1.52%
  • 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$30K051015202530DLLL $26,566UNHG $14,829

Year by year

YearDLLLUNHGOverpaying
10$2,622$1,371$1,251
20$9,630$5,205$4,425
30$26,566$14,829$11,737

Expense ratio

  • 1.52%DLLL
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

DLLL 300th cheapest of 315 funds

DLLL vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

DLLLAll DLLL 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

DLLL vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DLLL 218.8%since Mar 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
DLLL 1.11since Mar 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
DLLL −68.6%since Feb 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
DLLL 7.68UNHG 5.53

Popular comparisons

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