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MSFL vs UNHG

GraniteShares 2x Long MSFT Daily ETF

MSFLBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.38pt a year

MSFL1.15%UNHG0.77%

Avg volume · 30D

MSFL 1.9×the volume

MSFL1.39MUNHG726K

MSFL vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−15.1%MSFL+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. MSFL −15.1%. UNHG +11.9%. Use the arrow keys to read each point.−60%−40%0%Oct 2025Apr 2026Oct 2026
Expense ratio
MSFL 1.15%
UNHG 0.77%, better
Fund size
MSFL $60M
UNHG $63M
1Y total return
MSFL −15.1%
UNHG +11.9%, better
Holdings
MSFL 2
UNHG 5
Avg volume (30D)
MSFL 1.39M sh, better
UNHG 726K sh
NAV per share
MSFL $27.74
UNHG $20.57
52W range

ETF.net Grade

MSFL: Cost 38, Risk 59, Mission 80, Tradability 96, Holdings not scored, Durability 80. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for MSFL, UNHG, with each pillar’s weight
PillarMSFLUNHG
Cost30% weightD38B60Higher
Mission25% weightA80A90Higher
Risk15% weightB59A83Higher
Tradability15% weightA96HigherA91
Holdings10% weightNot scoredNot scored
Durability5% weightA80HigherB66

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. MSFL 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 MSFL 44th 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 44BHPELLeverage Shares 2X Long HPE Daily ETFScore 59
  5. Rank 44BMSFLGraniteShares 2x Long MSFT Daily ETFScore 59
  6. Rank 44BMUUDirexion Daily MU Bull 2X ETFScore 59

Our read on each fund

ETF.net Research

MSFLBGraniteShares 2x Long MSFT Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

MSFL A one-day trading tool, not a way to own Microsoft: it aims to double MSFT's daily move, then resets every evening. Costs 1.15% net of a waiver through December 31, 2026, above the category norm.

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

MSFL The Fund seeks daily results equal to twice the daily percentage change of Microsoft Corporation’s common stock before fees and expenses; it is designed for daily leveraged exposure rather than matching Microsoft’s return over longer periods.

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

  • MSFL Does the one job it claims: day to day it has tracked twice MSFT's move closely, which is the only target a daily-reset fund sets.graniteshares.com
  • Actively traded with tight on-screen pricing, so getting in and out rarely eats the trade idea itself.
  • Among the hundreds of 2x single-stock bull funds, one of the stronger implementations in the group.
  • 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

  • MSFL Hold past a day and compounding takes over: in choppy stretches it can trail twice MSFT's move, or lose ground while the stock goes nowhere.sec.gov
  • 1.15% net of a waiver through December 31, 2026 (1.30% gross), above the category median. Cheaper 2x peers exist, like OKTG at 0.75% and TSMG at 0.76%, on other stocks.
  • One company, one day at a time: no diversification cushion, and payouts are not the point of the structure.
  • 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 MSFL profile⁠

Full UNHG profile⁠

MSFL 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.

MSFL vs UNHG Cost

Overpaying MSFL vs UNHG

$6,248

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

  • MSFL 1.15%

    $21,077

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • MSFL 1.15%
  • 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$25K051015202530MSFL $21,077UNHG $14,829

Year by year

YearMSFLUNHGOverpaying
10$2,015$1,371$644
20$7,521$5,205$2,316
30$21,077$14,829$6,248

Expense ratio

  • 1.15%MSFL
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

MSFL 222nd cheapest of 315 funds

MSFL vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

MSFLAll MSFL 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

MSFL vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSFL 59.5%since Apr 2024UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
MSFL 0.24since Apr 2024UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
MSFL −62.1%since Mar 2024UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
MSFL 3.15UNHG 5.53

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