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DUOG vs UNHG

Leverage Shares 2x Long DUOL Daily ETF

DUOGCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

DUOG −0.02pt a year

DUOG0.75%UNHG0.77%

Avg volume · 30D

UNHG 108.1×the volume

DUOG6.72KUNHG726K

DUOG vs UNHG Performance

Dec 31, 2025 – Oct 30, 2026

−63.5%DUOG+22.2%UNHG

Dec 31, 2025 to Oct 30, 2026. DUOG −63.5%. UNHG +22.2%. Use the arrow keys to read each point.−50%−25%0%50%Dec 2025Jun 2026Oct 2026
Expense ratio
DUOG 0.75%, better
UNHG 0.77%
Fund size
DUOG $2M
UNHG $63M
1Y total return
DUOG No data
UNHG +11.9%
Holdings
DUOG 5
UNHG 5
Avg volume (30D)
DUOG 6.72K sh
UNHG 726K sh, better
NAV per share
DUOG $42.67
UNHG $20.57
52W range

ETF.net Grade

DUOG: Cost 70, Risk 42, Mission 85, Tradability 63, Holdings not scored, Durability 44. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for DUOG, UNHG, with each pillar’s weight
PillarDUOGUNHG
Cost30% weightA70HigherB60
Mission25% weightA85A90Higher
Risk15% weightC42A83Higher
Tradability15% weightB63A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC44B66Higher

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. DUOG 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 DUOG 123rd 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 123CCRWXCorgi CRWV 2x Daily ETFScore 40
  5. Rank 123CDUOGLeverage Shares 2x Long DUOL Daily ETFScore 40
  6. Rank 123CENTLLeverage Shares 2x Long ENTG Daily ETFScore 40

Our read on each fund

ETF.net Research

DUOGCLeverage Shares 2x Long DUOL Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

DUOG One ticker, double the daily move in Duolingo. DUOG aims for 2x DUOL's daily performance before fees, at 0.75% a year, and it resets that target every day, which makes it a short-horizon tool rather than a hold-forever one.

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

DUOG The fund seeks two times the daily performance of Duolingo, Inc. common stock, before fees and expenses, through daily leveraged exposure.

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

  • DUOG Fee lane matters in this corner of the market: 0.75% a year, under the 0.96% Direxion charges on 2x single-stock funds like AAPU and GGLL.leverageshares.com
  • The mandate is one line: two times DUOL's daily performance before fees and expenses. Nothing discretionary, and daily results have tracked close to that stated target.leverageshares.com
  • Geared Duolingo exposure without a margin account or an options ticket: one ETF ticker inside a registered 1940 Act fund wrapper.
  • Stands in the top quartile of bull-side single-stock leveraged funds on our review, driven by its low fee and a clean read on its stated mandate.
  • 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

  • DUOG The 2x target applies to a single day. Ride out a choppy stretch in DUOL and the multi-day result can land well away from twice the stock's move.
  • Everything rides on one stock. A single earnings gap or guidance stumble at Duolingo lands here at roughly double force.
  • Launched in December 2025, small and lightly traded, so spreads can run wider than on the giant leveraged single-stock names. It has not been paying distributions.
  • 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 DUOG profile⁠

Full UNHG profile⁠

DUOG 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.

DUOG vs UNHG Cost

Overpaying UNHG vs DUOG

$347

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

  • DUOG 0.75%

    $14,482

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • DUOG 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 $14,829DUOG $14,482

Year by year

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

Expense ratio

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

DUOG 87th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

DUOG vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

DUOGAll DUOG 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

DUOG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DUOG No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
DUOG No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
DUOG No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
DUOG 2.11UNHG 5.53

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