Skip to content
etf.net

GLWG vs UNHG

Leverage Shares 2X Long GLW Daily ETF

GLWGBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

13.5%by weight

Expense ratio

GLWG −0.02pt a year

GLWG0.75%UNHG0.77%

Avg volume · 30D

GLWG 2.0×the volume

GLWG1.45MUNHG726K

GLWG vs UNHG Performance

Jul 31, 2026 – Nov 2, 2026

−31.9%GLWG−11.0%UNHG

Jul 31, 2026 to Nov 2, 2026. GLWG −31.9%. UNHG −11.0%. Use the arrow keys to read each point.0%20%40%Jul 2026Sep 2026Nov 2026
Expense ratio
GLWG 0.75%, better
UNHG 0.77%
Fund size
GLWG $76M
UNHG $63M
1Y total return
GLWG No data
UNHG +8.4%
Holdings
GLWG 4
UNHG 5
Avg volume (30D)
GLWG 1.45M sh, better
UNHG 726K sh
NAV per share
GLWG $8.09
UNHG $20.57
52W range

ETF.net Grade

GLWG: Cost 70, Risk 51, Mission 84, Tradability 86, Holdings not scored, Durability 59. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for GLWG, UNHG, with each pillar’s weight
PillarGLWGUNHG
Cost30% weightA70HigherB60
Mission25% weightA84A90Higher
Risk15% weightC51A83Higher
Tradability15% weightA86A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB59B66Higher

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. GLWG 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 GLWG 8th 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 8BAAPUDirexion Daily AAPL Bull 2X SharesScore 68
  5. Rank 8BGLWGLeverage Shares 2X Long GLW Daily ETFScore 68
  6. Rank 8BSKHXLeverage Shares 2X Long SK Hynix Daily ETFScore 68

Our read on each fund

ETF.net Research

GLWGBLeverage Shares 2X Long GLW Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

GLWG Two times Corning's daily move, in a wrapper that can't margin-call you. GLWG aims for 200% of GLW's daily return, pointing leverage at the fiber-and-glass supplier behind data centers rather than the usual megacap chip name.

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

GLWG The Fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of GLW.

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

  • GLWG Charges 0.75% a year, below the typical leveraged single-stock fund and below the 0.96% on Direxion's 2x bull products like AAPU and GGLL.leverageshares.com
  • Leverage without a margin account: swap exposure backed by US Treasuries, losses capped at what you put in, no broker demanding more cash.leverageshares.comleverageshares.com 2
  • A 2x wrapper on Corning, the optical-fiber and Gorilla Glass maker, instead of another crowded megacap ticker. Lists on Nasdaq and trades like a stock.leverageshares.comcorning.com
  • Sits in the upper tier of a very crowded 2x single-stock bull group, helped by cost and consistent trading activity.
  • 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

  • GLWG Resets daily. Hold longer than a day and compounding takes over: a choppy but flat GLW can still leave the fund lower.leverageshares.com
  • One stock, doubled. Display demand, data-center orders and a single earnings date drive the whole thing, with no diversification cushion.corning.com
  • Launched in March 2026, so the history is short, and it makes no distributions. This is an exposure tool, not an income one.leverageshares.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 GLWG profile⁠

Full UNHG profile⁠

GLWG vs UNHG Holdings

How GLWG and UNHG differ

Overlap by weight

13.5%

Shared holdings make up 19.0% of GLWG and 13.5% of UNHG.

Level by level

  • Holdings1 in both13.5%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for GLWG and UNHG.

Country, concentration and asset class

Country by domicile

Country weights in GLWG and UNHG, widest gap first
CountryMore in GLWGMore in UNHG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • GLWG219.1%
  • UNHG213.5%

Securities held

  • GLWG1
  • UNHG1

Asset class

GLWG
Equity
UNHG
Equity

Holdings

  • Only in GLWG0
  • In both1
  • Only in UNHG0

Only in GLWG

0 securities, 0.0% of GLWG 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 GLWG and UNHG, widest gap first
HoldingMore in GLWGMore in UNHG
First American Treasury Obligations Fund 01/01/2040GLWG +5.56 points

All 4 GLWG 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.

GLWG vs UNHG Cost

Overpaying UNHG vs GLWG

$347

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

  • GLWG 0.75%

    $14,482

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • GLWG 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 $14,829GLWG $14,482

Year by year

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

Expense ratio

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

GLWG 87th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

GLWG vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

GLWGAll GLWG 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

GLWG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GLWG No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
GLWG No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
GLWG No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
GLWG 2.54UNHG 5.19

Popular comparisons

  • GLWGBvsTSMGA

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

    Expense ratio
    0.75% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsTSMGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.77% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • GLWGBvsOKTGA

    Leverage Shares 2X Long GLW Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.75% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsOKTGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.77% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • GLWGBvsPANGA

    Leverage Shares 2X Long GLW Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.75% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsPANGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.77% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.