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MSFX vs UNHG

T-Rex 2X Long Microsoft Daily Target ETF

MSFXCCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.28pt a year

MSFX1.05%UNHG0.77%

Avg volume · 30D

UNHG 3.2×the volume

MSFX227KUNHG726K

MSFX vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−18.6%MSFX+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. MSFX −18.6%. UNHG +11.9%. Use the arrow keys to read each point.−60%−40%0%Oct 2025Apr 2026Oct 2026
Expense ratio
MSFX 1.05%
UNHG 0.77%, better
Fund size
MSFX $17M
UNHG $63M
1Y total return
MSFX −18.6%
UNHG +11.9%, better
Holdings
MSFX 2
UNHG 5
Avg volume (30D)
MSFX 227K sh
UNHG 726K sh, better
NAV per share
MSFX $27.56
UNHG $20.57
52W range

ETF.net Grade

MSFX: Cost 42, Risk 55, Mission 71, Tradability 55, Holdings not scored, Durability 70. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for MSFX, UNHG, with each pillar’s weight
PillarMSFXUNHG
Cost30% weightC42B60Higher
Mission25% weightA71A90Higher
Risk15% weightB55A83Higher
Tradability15% weightB55A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA70HigherB66

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. MSFX 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 MSFX 84th 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 84CHODUDirexion Daily HOOD Bull 2X ETFScore 50
  5. Rank 84CMSFXT-Rex 2X Long Microsoft Daily Target ETFScore 50
  6. Rank 84CNFXLDirexion Daily NFLX Bull 2X SharesScore 50

Our read on each fund

ETF.net Research

MSFXCT-Rex 2X Long Microsoft Daily Target ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

MSFX One job, done at double speed: MSFX aims for about twice Microsoft's daily move, then resets the clock every night. A 2024 T-Rex launch for traders who want geared MSFT in a plain brokerage account, measured in days rather than years.

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

MSFX The Fund seeks to deliver approximately twice the daily performance of Microsoft Corp.'s publicly traded common stock, before fees and expenses. Results over periods longer than one trading day may differ because of daily compounding.

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

  • MSFX The mandate fits on a napkin: roughly twice Microsoft's daily move, before fees. No stock picking, no options overlay, no manager discretion.
  • Since its January 2024 launch it has stayed close to that daily target, which puts it in the upper half of a crowded bullish single-stock leveraged field.
  • Geared exposure inside a 1940 Act fund: no margin account, no borrowing, no margin call on the position, and it trades like any other ETF ticket.
  • 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

  • MSFX Daily reset means compounding. Hold longer than a day and results can drift from twice Microsoft's move over that stretch, with choppy tape widening the gap.
  • The ride runs 1.05% a year, a notch above the peer midpoint and above the cheapest 2x single-stock lineups such as ASMG and AMDG.
  • One company, doubled. A Microsoft earnings gap or headline lands here at twice the force, with no other holdings to soften it.
  • 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 MSFX profile⁠

Full UNHG profile⁠

MSFX 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.

MSFX vs UNHG Cost

Overpaying MSFX vs UNHG

$4,666

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

  • MSFX 1.05%

    $19,495

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • MSFX 1.05%
  • 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$20K051015202530MSFX $19,495UNHG $14,829

Year by year

YearMSFXUNHGOverpaying
10$1,847$1,371$476
20$6,927$5,205$1,722
30$19,495$14,829$4,666

Expense ratio

  • 1.05%MSFX
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

MSFX 201st cheapest of 315 funds

MSFX vs UNHG Dividends

Last 12 months to Oct 30, 2026
Last payment
MSFX $1.46
UNHG $1.90
Ex-dividend
MSFX Dec 24, 2025
UNHG Dec 30, 2025
Paid on
MSFX Dec 26, 2025
UNHG Jan 2, 2026
Frequency
MSFX Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

MSFXIrregular · 1 paymentAll MSFX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 24, 2025 $1.46. 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

MSFX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSFX 57.8%since Feb 2024UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
MSFX 0.22since Feb 2024UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
MSFX −63.6%since Jan 2024UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
MSFX 2.70UNHG 5.53

Popular comparisons

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