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ECHX vs UNHG

Leverage Shares 2X Long SATS Daily ETF

ECHXBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

ECHX −0.02pt a year

ECHX0.75%UNHG0.77%

Avg volume · 30D

UNHG 2.2×the volume

ECHX337KUNHG726K

ECHX vs UNHG Performance

Jul 31, 2026 – Oct 30, 2026

+21.5%ECHX−8.1%UNHG

Jul 31, 2026 to Oct 30, 2026. ECHX +21.5%. UNHG −8.1%. Use the arrow keys to read each point.−20%0%10%30%Jul 2026Sep 2026Oct 2026
Expense ratio
ECHX 0.75%, better
UNHG 0.77%
Fund size
ECHX $11M
UNHG $63M
1Y total return
ECHX No data
UNHG +11.9%
Holdings
ECHX 6
UNHG 5
Avg volume (30D)
ECHX 337K sh
UNHG 726K sh, better
NAV per share
ECHX $8.86
UNHG $20.57
52W range

ETF.net Grade

ECHX: Cost 70, Risk 56, Mission not scored, Tradability 78, Holdings not scored, Durability 52. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for ECHX, UNHG, with each pillar’s weight
PillarECHXUNHG
Cost30% weightA70HigherB60
Mission25% weightNot scoredA90
Risk15% weightB56A83Higher
Tradability15% weightA78A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC52B66Higher

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. ECHX 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 ECHX 11th 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 11BCRMGLeverage Shares 2x Long CRM Daily ETFScore 67
  5. Rank 11BECHXLeverage Shares 2X Long SATS Daily ETFScore 67
  6. Rank 11BNBIGLeverage Shares 2x Long NBIS Daily ETFScore 67

Our read on each fund

ETF.net Research

ECHXBLeverage Shares 2X Long SATS Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

ECHX A 2x daily play on EchoStar, the satellite and spectrum operator, in one ticker. No margin account, no options chain, and a fee that undercuts most leveraged single-stock 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

ECHX The fund seeks daily investment results, before fees and expenses, corresponding to 200% of the daily performance of EchoStar Corporation stock. It is a single-stock leveraged ETF designed primarily for short-term tactical trading.

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

  • ECHX 0.75% a year, under the typical fee for 2x single-stock ETFs. Cheap is rare in this corner of the market.
  • Delivers 2x EchoStar's daily move from an ordinary brokerage account: no margin agreement, no options chain, no overnight financing to manage yourself.leverageshares.com
  • One of the stronger builds among the hundreds of bull leveraged single-stock ETFs, helped by its low fee and steady trading.
  • 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

  • ECHX The 2x target resets every day. Hold through a choppy stretch and your result can drift well away from 2x the stock's move over that period.
  • One company, doubled. Spectrum deals, satellite news, and financing headlines hit this fund twice as hard, in both directions.marketscreener.com
  • Launched December 2025, and the name still says SATS. EchoStar's stock switched to the ECHO ticker in June 2026.marketscreener.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 ECHX profile⁠

Full UNHG profile⁠

ECHX 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.

ECHX vs UNHG Cost

Overpaying UNHG vs ECHX

$347

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

  • ECHX 0.75%

    $14,482

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • ECHX 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 $14,829ECHX $14,482

Year by year

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

Expense ratio

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

ECHX 87th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

ECHX vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

ECHXAll ECHX 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

ECHX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ECHX No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
ECHX No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
ECHX No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
ECHX 1.63UNHG 5.53

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