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FPSX vs UNHG

Leverage Shares 2X Long FPS Daily ETF

FPSXCCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

7.5%by weight

Expense ratio

FPSX −0.02pt a year

FPSX0.75%UNHG0.77%

Avg volume · 30D

UNHG 2.9×the volume

FPSX251KUNHG726K

FPSX vs UNHG Performance

Jul 31, 2026 – Oct 30, 2026

−54.3%FPSX−8.1%UNHG

Jul 31, 2026 to Oct 30, 2026. FPSX −54.3%. UNHG −8.1%. Use the arrow keys to read each point.−40%−20%20%40%Jul 2026Sep 2026Oct 2026
Expense ratio
FPSX 0.75%, better
UNHG 0.77%
Fund size
FPSX $3M
UNHG $63M
1Y total return
FPSX No data
UNHG +11.9%
Holdings
FPSX 4
UNHG 5
Avg volume (30D)
FPSX 251K sh
UNHG 726K sh, better
NAV per share
FPSX $1.74
UNHG $20.57
52W range

ETF.net Grade

FPSX: Cost 70, Risk 18, Mission not scored, Tradability 57, Holdings not scored, Durability 39. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for FPSX, UNHG, with each pillar’s weight
PillarFPSXUNHG
Cost30% weightA70HigherB60
Mission25% weightNot scoredA90
Risk15% weightF18A83Higher
Tradability15% weightB57A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD39B66Higher

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. FPSX 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 FPSX 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 123CFOMGLeverage Shares 2X Long FORM Daily ETFScore 40
  5. Rank 123CFPSXLeverage Shares 2X Long FPS Daily ETFScore 40
  6. Rank 123CGEVCCorgi GEV 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

FPSXCLeverage Shares 2X Long FPS Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

FPSX No data

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

FPSX No data

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

FPSX No data

  • 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

FPSX No data

  • 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 FPSX profile⁠

Full UNHG profile⁠

FPSX vs UNHG Holdings

How FPSX and UNHG differ

Overlap by weight

7.5%

Shared holdings make up 12.0% of UNHG and 7.5% of FPSX.

Level by level

  • Holdings1 in both7.5%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for FPSX and UNHG.

Country, concentration and asset class

Country by domicile

Country weights in FPSX and UNHG, widest gap first
CountryMore in FPSXMore in UNHG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • FPSX207.5%
  • UNHG212.0%

Securities held

  • FPSX1
  • UNHG1

Asset class

FPSX
Equity
UNHG
Equity

Holdings

  • Only in FPSX0
  • In both1
  • Only in UNHG0

Only in FPSX

0 securities, 0.0% of FPSX by weight

Only in UNHG

0 securities, 0.0% of UNHG by weight

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in FPSX and UNHG, widest gap first
HoldingMore in FPSXMore in UNHG
First American Treasury Obligations Fund 01/01/2040UNHG +4.48 points

All 4 FPSX holdings⁠All 5 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.

FPSX vs UNHG Cost

Overpaying UNHG vs FPSX

$347

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

  • FPSX 0.75%

    $14,482

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • FPSX 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 $14,829FPSX $14,482

Year by year

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

Expense ratio

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

FPSX 87th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

FPSX vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

FPSXAll FPSX 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

FPSX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FPSX No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
FPSX No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
FPSX No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
FPSX −4.26UNHG 5.53

Popular comparisons

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    Leverage Shares 2X Long FPS Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
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    Expense ratio
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    Category
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