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LUNL vs UNHG

Daily Target 2X Long LUNR ETF

LUNLDCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

0.0%by weight

Expense ratio

UNHG −0.57pt a year

LUNL1.34%UNHG0.77%

Avg volume · 30D

LUNL 2.1×the volume

LUNL1.51MUNHG726K

LUNL vs UNHG Performance

Jul 31, 2026 – Oct 30, 2026

−42.5%LUNL−8.1%UNHG

Jul 31, 2026 to Oct 30, 2026. LUNL −42.5%. UNHG −8.1%. Use the arrow keys to read each point.50%100%150%Jul 2026Sep 2026Oct 2026
Expense ratio
LUNL 1.34%
UNHG 0.77%, better
Fund size
LUNL $9M
UNHG $63M
1Y total return
LUNL No data
UNHG +11.9%
Holdings
LUNL 9
UNHG 5
Avg volume (30D)
LUNL 1.51M sh, better
UNHG 726K sh
NAV per share
LUNL $1.69
UNHG $20.57
52W range

ETF.net Grade

LUNL: Cost 22, Risk 28, Mission 87, Tradability 59, Holdings not scored, Durability 60. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for LUNL, UNHG, with each pillar’s weight
PillarLUNLUNHG
Cost30% weightF22B60Higher
Mission25% weightA87A90Higher
Risk15% weightD28A83Higher
Tradability15% weightB59A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB60B66Higher

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. LUNL 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 LUNL 264th 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 261DTDCLGraniteShares 2x Long TDC Daily ETFScore 35
  5. Rank 264DLUNLDaily Target 2X Long LUNR ETFScore 34
  6. Rank 264DMRALGraniteShares 2x Long MARA Daily ETFScore 34

Our read on each fund

ETF.net Research

LUNLDDaily Target 2X Long LUNR ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

LUNL A 2x daily lever on Intuitive Machines, the lunar-lander company. Defiance billed it as the first leveraged ETF on LUNR, and the leverage resets every session, so it is a day-trade tool rather than a buy-and-forget moon bet.

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

LUNL Seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the share price of Intuitive Machines, Inc.; the Fund is intended for single‐day (daily) use.

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

  • LUNL Defiance launched it in January 2026 as the first 2x daily ETF on Intuitive Machines, so the trade needs no margin account and no options chain.yahoo.com
  • One job: 200% of LUNR's daily move, before fees and expenses. No basket, no index committee, nothing else in the box.defianceetfs.com
  • It has stayed close to its stated 2x daily mark, and it trades actively enough for traders to get in and out inside a session.
  • The reference stock is a space infrastructure name built around lunar access and data services, a corner of the market with few leveraged wrappers.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

  • LUNL The fee is 1.34%, with no waiver in place, above the norm for leveraged single-stock funds. Leverage Shares' 2x funds such as TSMG (0.76%) and OKTG (0.75%) cost less.
  • Leverage resets daily. Hold past one session and the result depends on the path LUNR takes; the prospectus says the fund is intended for single-day use.
  • Doubling one volatile stock cuts both ways, and the fund has not been paying distributions, so the outcome rides entirely on price.
  • 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 LUNL profile⁠

Full UNHG profile⁠

LUNL vs UNHG Holdings

How LUNL and UNHG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of LUNL and 0.0% of UNHG.

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile100%

Sector

No Sector split for LUNL and UNHG.

Country, concentration and asset class

Country by domicile

Country weights in LUNL and UNHG, widest gap first
CountryMore in LUNLMore in UNHG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • LUNL304.0%
  • UNHG212.0%

Securities held

  • LUNL2
  • UNHG1

Asset class

LUNL
Leveraged/Inverse
UNHG
Equity

Holdings

  • Only in LUNL2
  • In both0
  • Only in UNHG1

Only in LUNL

2 securities, 100% of LUNL by weight

  • United States Treasury Bill 11/19/2026102.80%
  • First American Government Obligations Fund 12/01/20310.71%

Only in UNHG

1 security, 12.0% of UNHG by weight

  • First American Treasury Obligations Fund 01/01/204011.99%

Weight gaps

LUNL and UNHG share no securities.

All 10 LUNL 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.

LUNL vs UNHG Cost

Overpaying LUNL vs UNHG

$9,136

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

  • LUNL 1.34%

    $23,965

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • LUNL 1.34%
  • 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$25K051015202530LUNL $23,965UNHG $14,829

Year by year

YearLUNLUNHGOverpaying
10$2,329$1,371$958
20$8,621$5,205$3,416
30$23,965$14,829$9,136

Expense ratio

  • 1.34%LUNL
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

LUNL 250th cheapest of 315 funds

LUNL vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

LUNLAll LUNL 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

LUNL vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
LUNL No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
LUNL No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
LUNL No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
LUNL 9.30UNHG 5.53

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