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FLYT vs UNHG

Tradr 2X Long FLY Daily ETF

FLYTDCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.53pt a year

FLYT1.30%UNHG0.77%

Avg volume · 30D

UNHG 3.7×the volume

FLYT198KUNHG726K

FLYT vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−85.4%FLYT+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. FLYT −85.4%. UNHG +11.9%. Use the arrow keys to read each point.−50%50%100%150%Oct 2025May 2026Oct 2026
Expense ratio
FLYT 1.30%
UNHG 0.77%, better
Fund size
FLYT $6M
UNHG $63M
1Y total return
FLYT −85.4%
UNHG +11.9%, better
Holdings
FLYT 2
UNHG 5
Avg volume (30D)
FLYT 198K sh
UNHG 726K sh, better
NAV per share
FLYT $3.08
UNHG $20.57
52W range

ETF.net Grade

FLYT: Cost 32, Risk 33, Mission 93, Tradability 54, Holdings not scored, Durability 54. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for FLYT, UNHG, with each pillar’s weight
PillarFLYTUNHG
Cost30% weightD32B60Higher
Mission25% weightA93HigherA90
Risk15% weightD33A83Higher
Tradability15% weightC54A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC54B66Higher

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. FLYT 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 FLYT 252nd 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 249CRBLUT-Rex 2X Long RBLX Daily Target ETFScore 39
  5. Rank 252DFLYTTradr 2X Long FLY Daily ETFScore 38
  6. Rank 252DIONXDefiance Daily Target 2X Long IONQ ETFScore 38

Our read on each fund

ETF.net Research

FLYTDTradr 2X Long FLY Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

FLYT Most single-stock leveraged funds crowd around mega-caps. FLYT aims 2x daily leverage at Firefly Aerospace, a newly public rocket maker, using swaps, options or the shares themselves. It resets every day, so it is built for short holding periods.

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

FLYT The Fund seeks daily investment results, before fees and expenses, corresponding to two times the daily performance of Firefly Aerospace common shares. It targets that result for a single trading day and uses swaps, options, and/or direct stock investment.

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

  • FLYT Narrow job, cleanly done: two times FLY's daily move before fees, via swaps, options or direct shares. Tracking to that daily target has been tight versus peers.tradretfs.com
  • Unusual underlying. Leveraged single-stock ETFs mostly sit on mega-caps (AAPU on Apple, GGLL on Alphabet). FLYT points the same machinery at a small space-launch name.
  • Registered 1940 Act ETF: intraday trading, a stated daily objective and standard fund oversight wrapped around an otherwise hard-to-lever position.tradretfs.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

  • FLYT Fee runs 1.30% a year, above the typical 2x single-stock fund. Peers like UNHG and ASMG charge meaningfully less for the same daily-leverage mechanic.
  • The 2x target resets daily. Hold past one session and compounding takes over, so multi-day results can diverge sharply from twice FLY's move over that stretch.
  • Launched in 2025 with a small asset base and moderate turnover, which can mean wider spreads than the category's biggest names.
  • 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 FLYT profile⁠

Full UNHG profile⁠

FLYT 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.

FLYT vs UNHG Cost

Overpaying FLYT vs UNHG

$8,540

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

  • FLYT 1.30%

    $23,369

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • FLYT 1.30%
  • 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$15K$20K$25K051015202530FLYT $23,369UNHG $14,829

Year by year

YearFLYTUNHGOverpaying
10$2,263$1,371$892
20$8,393$5,205$3,188
30$23,369$14,829$8,540

Expense ratio

  • 1.30%FLYT
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

FLYT 229th cheapest of 315 funds

FLYT vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

FLYTAll FLYT 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

FLYT vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FLYT 173.2%since Nov 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
FLYT −0.16since Nov 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
FLYT −95.0%since Oct 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
FLYT 2.05UNHG 5.53

Popular comparisons

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    Tradr 2X Long FLY Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.30% · 0.76%
    Category
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  • UNHGAvsTSMGA

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    Expense ratio
    0.77% · 0.76%
    Category
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