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LLYX vs UNHG

Daily Target 2X Long LLY ETF

LLYXCNYSE Arca

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.72pt a year

LLYX1.49%UNHG0.77%

Avg volume · 30D

UNHG 2.2×the volume

LLYX333KUNHG726K

LLYX vs UNHG Performance

Oct 31, 2025 – Nov 2, 2026

+108.4%LLYX+8.4%UNHG

Oct 31, 2025 to Nov 2, 2026. LLYX +108.4%. UNHG +8.4%. Use the arrow keys to read each point.−50%−25%50%75%Oct 2025May 2026Nov 2026
Expense ratio
LLYX 1.49%
UNHG 0.77%, better
Fund size
LLYX $92M
UNHG $63M
1Y total return
LLYX +108.4%, better
UNHG +8.4%
Holdings
LLYX 9
UNHG 5
Avg volume (30D)
LLYX 333K sh
UNHG 726K sh, better
NAV per share
LLYX $35.62
UNHG $20.57
52W range

ETF.net Grade

LLYX: Cost 11, Risk 84, Mission 73, Tradability 79, Holdings not scored, Durability 81. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for LLYX, UNHG, with each pillar’s weight
PillarLLYXUNHG
Cost30% weightF11B60Higher
Mission25% weightA73A90Higher
Risk15% weightA84HigherA83
Tradability15% weightA79A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA81HigherB66

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. LLYX 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 LLYX 92nd 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 88CSMCXDaily Target 2X Long SMCI ETFScore 49
  5. Rank 92CLLYXDaily Target 2X Long LLY ETFScore 48
  6. Rank 92CMRNXDaily Target 2X Long MRNA ETFScore 48

Our read on each fund

ETF.net Research

LLYXCDaily Target 2X Long LLY ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

LLYX A one-stock geared trade: LLYX uses swaps to chase twice Eli Lilly's daily move, reset every session. Live since 2024, it is the pricier of the two leveraged LLY funds at 1.49%.

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

LLYX The fund seeks daily leveraged returns equal to twice the daily percentage change in Eli Lilly and Company’s share price.

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

  • LLYX Pure mechanism: total return swaps on Eli Lilly, reset daily, aiming for twice LLY's move each session. It sits in a very small group of funds offering geared LLY exposure.defianceetfs.com
  • Geared LLY exposure in an ordinary brokerage account: no margin account, no options approval, and shares change hands regularly enough for everyday order sizes.defianceetfs.com
  • Upper half of a crowded single-stock leveraged field, helped by day-to-day results that have stayed close to the stated 2x daily target.
  • 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

  • LLYX Daily reset is the whole ballgame. Hold longer than a day and choppy LLY action can leave you with less than 2x the period move, even if the stock finishes higher.defianceetfs.com
  • Cost is the trade-off: 1.49% a year, above the category median, while the other leveraged LLY fund, ELIL, charges 1.07% net of a waiver through September 1, 2027.
  • One stock, doubled: an FDA or trial headline on Eli Lilly lands twice as hard here, and the exposure runs through swap counterparties rather than shares of LLY.defianceetfs.comsec.gov
  • 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 LLYX profile⁠

Full UNHG profile⁠

LLYX 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.

LLYX vs UNHG Cost

Overpaying LLYX vs UNHG

$11,312

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

  • LLYX 1.49%

    $26,141

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • LLYX 1.49%
  • UNHG 0.77%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530LLYX $26,141UNHG $14,829

Year by year

YearLLYXUNHGOverpaying
10$2,574$1,371$1,203
20$9,464$5,205$4,259
30$26,141$14,829$11,312

Expense ratio

  • 1.49%LLYX
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

LLYX 263rd cheapest of 315 funds

LLYX vs UNHG Dividends

Last 12 months to Nov 2, 2026
Last payment
LLYX $0.70
UNHG $1.90
Ex-dividend
LLYX Dec 30, 2025
UNHG Dec 30, 2025
Paid on
LLYX Dec 31, 2025
UNHG Jan 2, 2026
Frequency
LLYX Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

LLYXIrregular · 1 paymentAll LLYX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.70. Use the arrow keys to read each point.$0$22026YTD
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

LLYX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
LLYX 74.1%since Sep 2024UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
LLYX 0.39since Sep 2024UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
LLYX −68.0%since Aug 2024UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
LLYX 0.60UNHG 5.19

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