Skip to content
etf.net

GRAG vs UNHG

Leverage Shares 2x Long GRAB Daily ETF

GRAGCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

GRAG −0.02pt a year

GRAG0.75%UNHG0.77%

Avg volume · 30D

UNHG 15.0×the volume

GRAG48.8KUNHG733K

GRAG vs UNHG Performance

Dec 31, 2025 – Nov 5, 2026

−62.1%GRAG+15.4%UNHG

Dec 31, 2025 to Nov 5, 2026. GRAG −62.1%. UNHG +15.4%. Use the arrow keys to read each point.−25%0%50%Dec 2025Jun 2026Nov 2026
Expense ratio
GRAG 0.75%, better
UNHG 0.77%
Fund size
GRAG $3M
UNHG $69M
1Y total return
GRAG No data
UNHG +15.1%
Holdings
GRAG 4
UNHG 6
Avg volume (30D)
GRAG 48.8K sh
UNHG 733K sh, better
NAV per share
GRAG $4.87
UNHG $20.77
52W range

ETF.net Grade

GRAG: Cost 70, Risk 48, Mission 67, Tradability 46, Holdings not scored, Durability 44. UNHG: Cost 60, Risk 84, Mission 90, Tradability 90, Holdings not scored, Durability 67.
Pillar letters and Scores for GRAG, UNHG, with each pillar’s weight
PillarGRAGUNHG
Cost30% weightA70HigherB60
Mission25% weightB67A90Higher
Risk15% weightC48A84Higher
Tradability15% weightC46A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC44B67Higher

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. GRAG 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 GRAG 123rd of 315 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1ATSMGLeverage Shares 2x Long TSM Daily ETFScore 74
  2. Rank 2AUNHGLeverage Shares 2x Long UNH Daily ETFScore 72
  3. Rank 3APANGLeverage Shares 2x Long PANW Daily ETFScore 70
  4. Rank 123CGOOLLeverage Shares 2X Long GOOGL Daily ETFScore 40
  5. Rank 123CGRAGLeverage Shares 2x Long GRAB Daily ETFScore 40
  6. Rank 123CHIMCCorgi HIMS 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

GRAGCLeverage Shares 2x Long GRAB Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

GRAG Two times Grab Holdings' daily move, in an ETF you can hold in a plain brokerage account. It costs 0.75%, under the usual toll for single-stock leverage, and the exposure resets every day, which makes it a short-horizon instrument.

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

GRAG The fund seeks daily investment results equal to 200% (2x) of Grab Holdings Limited stock's daily performance before fees and expenses.

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

  • GRAG 0.75% a year matches the rest of the Leverage Shares 2x lineup (UNHG, ASMG, AMDG) and undercuts the 0.96% on Direxion's AAPU and GGLL.
  • One dial, no moving parts: 200% of Grab's daily move before fees. No options to roll, no index to track, no margin account or swap agreement of your own.leverageshares.com
  • Single-stock leverage skews US megacap (AAPU on Apple, GGLL on Alphabet). This one aims the same 2x machinery at Grab Holdings, a name outside that pack.
  • 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

  • GRAG The 2x target is a one-day target. Hold longer and compounding takes over, so multi-day results can drift from twice Grab's move over the same stretch.leverageshares.com
  • One company, doubled. An earnings miss, a regulatory shift or a single headline at Grab lands here at twice the size, with no other holdings to cushion it.
  • It launched in December 2025 and has traded thinly since. Light volume tends to mean wider bid/ask spreads and more slippage on the way in and out.
  • 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 GRAG profile⁠

Full UNHG profile⁠

GRAG 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.

GRAG vs UNHG Cost

Overpaying UNHG vs GRAG

$347

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

  • GRAG 0.75%

    $14,482

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • GRAG 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 $14,829GRAG $14,482

Year by year

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

Expense ratio

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

GRAG 87th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

GRAG vs UNHG Dividends

Last 12 months to Nov 5, 2026
Payout (12M)
GRAG None
UNHG No data
Last payment
GRAG No data
UNHG $1.90
Ex-dividend
GRAG No data
UNHG Dec 30, 2025
Paid on
GRAG No data
UNHG Jan 2, 2026
Frequency
GRAG No data
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

GRAGAll GRAG 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

GRAG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GRAG No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
GRAG No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
GRAG No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
GRAG 1.40UNHG 5.19

Popular comparisons

  • GRAGCvsTSMGA

    Leverage Shares 2x Long GRAB 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.

  • GRAGCvsPANGA

    Leverage Shares 2x Long GRAB 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.

  • GRAGCvsAMDGB

    Leverage Shares 2x Long GRAB Daily ETF · Leverage Shares 2x Long AMD Daily ETF

    Expense ratio
    0.75% · 0.78%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsAMDGB

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

    Expense ratio
    0.77% · 0.78%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.