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MSFU vs UNHG

Direxion Daily MSFT Bull 2X Shares

MSFUBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.21pt a year

MSFU0.98%UNHG0.77%

Avg volume · 30D

MSFU 7.4×the volume

MSFU5.35MUNHG726K

MSFU vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−15.3%MSFU+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. MSFU −15.3%. UNHG +11.9%. Use the arrow keys to read each point.−60%−40%0%Oct 2025Apr 2026Oct 2026
Expense ratio
MSFU 0.98%
UNHG 0.77%, better
Fund size
MSFU $416M
UNHG $63M
1Y total return
MSFU −15.3%
UNHG +11.9%, better
Yield (12M)
MSFU 7.81%
UNHG No data
Holdings
MSFU 7
UNHG 5
Avg volume (30D)
MSFU 5.35M sh, better
UNHG 726K sh
NAV per share
MSFU $41.59
UNHG $20.57
52W range

ETF.net Grade

MSFU: Cost 54, Risk 61, Mission 81, Tradability 70, Holdings not scored, Durability 87. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for MSFU, UNHG, with each pillar’s weight
PillarMSFUUNHG
Cost30% weightC54B60Higher
Mission25% weightA81A90Higher
Risk15% weightB61A83Higher
Tradability15% weightA70A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA87HigherB66

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. MSFU 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 MSFU 29th 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 29BHOOXDaily Target 2X Long HOOD ETFScore 62
  5. Rank 29BMSFUDirexion Daily MSFT Bull 2X SharesScore 62
  6. Rank 29BONDGLeverage Shares 2X Long ONDS Daily ETFScore 62

Our read on each fund

ETF.net Research

MSFUBDirexion Daily MSFT Bull 2X Shares

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

MSFU A day-trading dial on Microsoft: MSFU targets 200% of MSFT's daily move, then resets every night. It launched as a 1.5x fund and was re-geared to a full 2x in April 2024, so today's version is the more aggressive one.

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

MSFU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Microsoft Corporation common shares.

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

  • MSFU The mandate is one line: 200% of Microsoft's daily move, before fees and expenses. No stock picking, no index committee, one name and one multiple.direxion.com
  • Fee is 0.98%, a shade under the going rate in the leveraged single-stock aisle, where 2x peers such as GGLL and AAPU also cluster near 1%.
  • Among the more heavily traded funds in its category, and Direxion runs a bear-side twin (MSFD) for exposure in the other direction.direxion.com
  • Trading since 2022, which makes it a veteran in a fund category that barely existed before then.
  • 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

  • MSFU The daily reset compounds. Over any stretch longer than a day, results can drift well away from 2x MSFT's move for that period, and choppy tape widens the gap.sec.gov
  • One company, no cushion. An earnings miss or a headline at Microsoft lands here at double strength, with nothing else in the portfolio to soften it.sec.gov
  • Direxion's own filings describe the fund as riskier than unleveraged alternatives and built around a one-day holding period, not the back of a drawer.sec.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 MSFU profile⁠

Full UNHG profile⁠

MSFU 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.

MSFU vs UNHG Cost

Overpaying MSFU vs UNHG

$3,533

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

  • MSFU 0.98%

    $18,362

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • MSFU 0.98%
  • 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$20K051015202530MSFU $18,362UNHG $14,829

Year by year

YearMSFUUNHGOverpaying
10$1,729$1,371$358
20$6,504$5,205$1,299
30$18,362$14,829$3,533

Expense ratio

  • 0.98%MSFU
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

MSFU 168th cheapest of 315 funds

MSFU vs UNHG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MSFU 7.81%
UNHG No data
Payout (12M)
MSFU $3.14
UNHG No data
Last payment
MSFU $0.30
UNHG $1.90
Ex-dividend
MSFU Sep 22, 2026
UNHG Dec 30, 2025
Paid on
MSFU Sep 29, 2026
UNHG Jan 2, 2026
Frequency
MSFU Quarterly
UNHG Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

MSFUQuarterly · 19 paymentsAll MSFU payments⁠
One bar per payment. 19 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.0062; Dec 20, 2022 $0.11; Mar 21, 2023 $0.09; Jun 21, 2023 $0.18; Sep 19, 2023 $0.26; Dec 21, 2023 $0.30; Mar 19, 2024 $0.31; Jun 25, 2024 $0.37; Sep 24, 2024 $0.33; Dec 12, 2024 $1.36; Dec 23, 2024 $0.40; Mar 25, 2025 $0.25; Jun 24, 2025 $0.37; Sep 23, 2025 $0.19; Dec 10, 2025 $2.30; Dec 23, 2025 $0.27; Mar 24, 2026 $0.13; Jun 23, 2026 $0.14; Sep 22, 2026 $0.30. Use the arrow keys to read each point.$0$2.5020232026YTD
UNHGIrregular · 1 paymentAll UNHG payments⁠
One bar per payment. 1 payment from 2022 to 2026 YTD. Dec 30, 2025 $1.90. Use the arrow keys to read each point.$0$2.5020232026YTD

MSFU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSFU 56.3%UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
MSFU 0.38UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
MSFU −62.3%since Sep 2022UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
MSFU 1.84UNHG 5.53

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