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GEVG vs UNHG

Leverage Shares 2x Long GEV Daily ETF

GEVGBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

10.7%by weight

Expense ratio

GEVG −0.02pt a year

GEVG0.75%UNHG0.77%

Avg volume · 30D

UNHG 18.4×the volume

GEVG39.5KUNHG726K

GEVG vs UNHG Performance

Dec 31, 2025 – Oct 30, 2026

+24.9%GEVG+22.2%UNHG

Dec 31, 2025 to Oct 30, 2026. GEVG +24.9%. UNHG +22.2%. Use the arrow keys to read each point.−50%50%100%150%Dec 2025Jun 2026Oct 2026
Expense ratio
GEVG 0.75%, better
UNHG 0.77%
Fund size
GEVG $10M
UNHG $63M
1Y total return
GEVG No data
UNHG +11.9%
Holdings
GEVG 4
UNHG 5
Avg volume (30D)
GEVG 39.5K sh
UNHG 726K sh, better
NAV per share
GEVG $17.06
UNHG $20.57
52W range

ETF.net Grade

GEVG: Cost 70, Risk 70, Mission 85, Tradability 64, Holdings not scored, Durability 52. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for GEVG, UNHG, with each pillar’s weight
PillarGEVGUNHG
Cost30% weightA70HigherB60
Mission25% weightA85A90Higher
Risk15% weightA70A83Higher
Tradability15% weightB64A91Higher
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. GEVG 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 GEVG 15th 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 11BNBIGLeverage Shares 2x Long NBIS Daily ETFScore 67
  5. Rank 15BGEVGLeverage Shares 2x Long GEV Daily ETFScore 66
  6. Rank 15BGGLLDirexion Daily GOOGL Bull 2X ETFScore 66

Our read on each fund

ETF.net Research

GEVGBLeverage Shares 2x Long GEV Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

GEVG One stock, double the daily speed. GEVG aims to deliver 200% of GE Vernova's daily move before fees, resets the clock every night, and does it at 0.75% a year, undercutting 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

GEVG The fund seeks 200% of GE Vernova Inc.'s daily stock performance, before fees and expenses, for short-term leveraged bullish 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

  • GEVG 0.75% a year, against the 0.96% Direxion charges on comparable 2x single-stock funds like GGLL and AAPU. On a product built for short holds, fee drag is one of the few knobs the issuer controls.leverageshares.com
  • 2x, not 3x. The lower multiple means daily swings and the compounding drift that comes with nightly resets land with less force than on triple-leveraged single-stock products.
  • The mandate is one line: 200% of GE Vernova's daily return. No index, no basket, no manager discretion, and one of the tighter implementations in a crowded leveraged single-stock field.leverageshares.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

  • GEVG The 200% target applies to a single trading day. Hold longer and each day's gain or loss compounds off a new base, so multi-day results can diverge from twice GEV's move, especially in choppy markets.
  • Launched in December 2025, so the record is short and there is little history to judge the fund's behavior across different market conditions.
  • Zero diversification by design: one company's earnings, orders and headlines drive the whole position, magnified twofold in both directions.
  • 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 GEVG profile⁠

Full UNHG profile⁠

GEVG vs UNHG Holdings

How GEVG and UNHG differ

Overlap by weight

10.7%

Shared holdings make up 12.0% of UNHG and 10.7% of GEVG.

Level by level

  • Holdings1 in both10.7%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for GEVG and UNHG.

Country, concentration and asset class

Country by domicile

Country weights in GEVG and UNHG, widest gap first
CountryMore in GEVGMore in UNHG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • GEVG210.7%
  • UNHG212.0%

Securities held

  • GEVG1
  • UNHG1

Asset class

GEVG
Equity
UNHG
Equity

Holdings

  • Only in GEVG0
  • In both1
  • Only in UNHG0

Only in GEVG

0 securities, 0.0% of GEVG 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 GEVG and UNHG, widest gap first
HoldingMore in GEVGMore in UNHG
First American Treasury Obligations Fund 01/01/2040UNHG +1.30 points

All 4 GEVG 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.

GEVG vs UNHG Cost

Overpaying UNHG vs GEVG

$347

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

  • GEVG 0.75%

    $14,482

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • GEVG 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 $14,829GEVG $14,482

Year by year

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

Expense ratio

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

GEVG 87th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

GEVG vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

GEVGAll GEVG 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

GEVG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GEVG No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
GEVG No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
GEVG No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
GEVG 1.60UNHG 5.53

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