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LULG vs UNHG

Leverage Shares 2x Long LULU Daily ETF

LULGBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

LULG −0.02pt a year

LULG0.75%UNHG0.77%

Avg volume · 30D

UNHG 1.6×the volume

LULG477KUNHG744K

LULG vs UNHG Performance

Nov 7, 2025 – Nov 9, 2026

−68.6%LULG+18.8%UNHG

Nov 7, 2025 to Nov 9, 2026. LULG −68.6%. UNHG +18.8%. Use the arrow keys to read each point.−50%−25%0%50%Nov 2025May 2026Nov 2026
Expense ratio
LULG 0.75%, better
UNHG 0.77%
Fund size
LULG $6M
UNHG $73M
1Y total return
LULG −68.6%
UNHG +18.8%, better
Holdings
LULG 4
UNHG 6
Avg volume (30D)
LULG 477K sh
UNHG 744K sh, better
NAV per share
LULG $4.86
UNHG $19.20
52W range

ETF.net Grade

LULG: Cost 70, Risk 50, Mission 93, Tradability 74, Holdings not scored, Durability 52. UNHG: Cost 61, Risk 86, Mission 91, Tradability 91, Holdings not scored, Durability 67.
Pillar letters and Scores for LULG, UNHG, with each pillar’s weight
PillarLULGUNHG
Cost30% weightA70HigherB61
Mission25% weightA93HigherA91
Risk15% weightC50A86Higher
Tradability15% weightA74A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC52B67Higher

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. LULG and UNHG are both graded against the same 312 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 312 funds
See all 312 ›

UNHG ranks 1st and LULG 21st of 312 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1AUNHGLeverage Shares 2x Long UNH Daily ETFScore 74
  2. Rank 2ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  3. Rank 21BKLAGLeverage Shares 2X Long KLAC Daily ETFScore 64
  4. Rank 21BLULGLeverage Shares 2x Long LULU Daily ETFScore 64
  5. Rank 21BSNDGLeverage Shares 2X Long SNDK Daily ETFScore 64

Our read on each fund

ETF.net Research

LULGBLeverage Shares 2x Long LULU Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

LULG Leveraged single-stock ETFs mostly chase megacap tech. LULG points the same machinery at lululemon, aiming for 200% of the stock's daily move, and charges 0.75% to do it.

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

LULG The fund seeks daily investment results equal to 200% of the daily performance of lululemon athletica inc stock, 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

  • LULG 0.75% a year, below the typical leveraged single-stock fund and under the 0.96% Direxion charges on 2x bull products like AAPU and GGLL.
  • The mandate is narrow and literal: 200% of lululemon's daily performance, before fees. No stock picking, no discretion, one job.leverageshares.com
  • It has hewed closely to that stated daily target, and stands among the stronger implementations in a crowded leveraged single-stock cohort.
  • Standard 1940 Act ETF wrapper, so the leverage arrives inside an ordinary brokerage account with no margin loan to service and no options to roll.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

  • LULG The 2x target resets daily. Hold past a session and compounding takes over, so multi-day results can drift well away from twice the stock's move.
  • Everything rides on one apparel retailer. An earnings miss or a guidance cut lands here at double strength, with no other holdings to soften it.
  • Launched in November 2025, so there is little history to judge it on, and it pays no distributions. Returns come from price alone.
  • 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 LULG profile⁠

Full UNHG profile⁠

LULG 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.

LULG vs UNHG Cost

Overpaying UNHG vs LULG

$347

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

  • LULG 0.75%

    $14,482

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • LULG 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 $14,829LULG $14,482

Year by year

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

Expense ratio

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

LULG 87th cheapest of 312 funds

UNHG 135th cheapest of 312 funds

LULG vs UNHG Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
LULG None
UNHG No data
Last payment
LULG No data
UNHG $1.90
Ex-dividend
LULG No data
UNHG Dec 30, 2025
Paid on
LULG No data
UNHG Jan 2, 2026
Frequency
LULG No data
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

LULGAll LULG 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

LULG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
LULG No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
LULG No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
LULG −86.7%since Nov 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
LULG −0.28UNHG 5.19

LULG and UNHG in the news

All news⁠

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