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KEEX vs UNHG

Defiance Daily Target 2X Long BITF ETF

KEEXDCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.58pt a year

KEEX1.35%UNHG0.77%

Avg volume · 30D

UNHG 4.5×the volume

KEEX162KUNHG726K

KEEX vs UNHG Performance

Jul 31, 2026 – Nov 2, 2026

−84.2%KEEX−11.0%UNHG

Jul 31, 2026 to Nov 2, 2026. KEEX −84.2%. UNHG −11.0%. Use the arrow keys to read each point.−60%−40%0%Jul 2026Sep 2026Nov 2026
Expense ratio
KEEX 1.35%
UNHG 0.77%, better
Fund size
KEEX $3M
UNHG $63M
1Y total return
KEEX No data
UNHG +8.4%
Holdings
KEEX 8
UNHG 5
Avg volume (30D)
KEEX 162K sh
UNHG 726K sh, better
NAV per share
KEEX $2.08
UNHG $20.57
52W range

ETF.net Grade

KEEX: Cost 21, Risk 37, Mission 92, Tradability 25, Holdings not scored, Durability 54. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for KEEX, UNHG, with each pillar’s weight
PillarKEEXUNHG
Cost30% weightF21B60Higher
Mission25% weightA92HigherA90
Risk15% weightD37A83Higher
Tradability15% weightD25A90Higher
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. KEEX 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 KEEX 283rd 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 283DCRWUT-REX 2X Long CRWV Daily Target ETFScore 28
  5. Rank 283DKEEXDefiance Daily Target 2X Long BITF ETFScore 28
  6. Rank 283DMSTPGraniteShares 2x Long MSTR Daily ETFScore 28

Our read on each fund

ETF.net Research

KEEXDDefiance Daily Target 2X Long BITF ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

KEEX KEEX launched as a 2x Bitfarms tracker, then changed name and ticker when the miner redomiciled to the US and rebranded as Keel Infrastructure. The mechanic never moved: two times KEEL's daily move, one trading day at a time.

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

KEEX The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in Keel Infrastructure Corp.'s share price. It is designed to pursue this objective only for a single trading day.

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

  • KEEX Does one job and says it plainly: two times the daily percentage change in Keel Infrastructure's share price, before fees. Day to day it has tracked that target closely.defianceetfs.com
  • It followed its underlying through a full identity change: Bitfarms redomiciled to the US and became Keel Infrastructure in 2026, and the fund's name and ticker moved with it.sec.govsec.gov 2
  • Amplified exposure to a single stock from a plain brokerage ticker: no margin account, no options chain, no borrowing to arrange yourself.defianceetfs.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

  • KEEX The 2x target resets daily. Hold longer and compounding takes over, so multi-day results can land well away from twice the stock's move, especially in choppy markets.defianceetfs.com
  • At 1.35% a year it prices above the single-stock leveraged norm. Leverage Shares' 2x wrappers on other names (OKTG at 0.75%, TSMG at 0.76%) show how cheap the plumbing gets.
  • One stock, doubled, mid-pivot from bitcoin mining to data centers. It is also smaller and less traded than the category's giants, so spreads can run wider.defianceetfs.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 KEEX profile⁠

Full UNHG profile⁠

KEEX 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.

KEEX vs UNHG Cost

Overpaying KEEX vs UNHG

$9,284

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

  • KEEX 1.35%

    $24,113

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • KEEX 1.35%
  • 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$25K051015202530KEEX $24,113UNHG $14,829

Year by year

YearKEEXUNHGOverpaying
10$2,346$1,371$975
20$8,678$5,205$3,473
30$24,113$14,829$9,284

Expense ratio

  • 1.35%KEEX
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

KEEX 252nd cheapest of 315 funds

KEEX vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

KEEXAll KEEX 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

KEEX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
KEEX No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
KEEX No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
KEEX No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
KEEX 9.64UNHG 5.19

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