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MSTU vs UNHG

T-REX 2X Long MSTR Daily Target ETF

MSTUCCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.28pt a year

MSTU1.05%UNHG0.77%

Avg volume · 30D

MSTU 11.1×the volume

MSTU8.08MUNHG726K

MSTU vs UNHG Performance

Oct 31, 2025 – Nov 2, 2026

−91.0%MSTU+8.4%UNHG

Oct 31, 2025 to Nov 2, 2026. MSTU −91.0%. UNHG +8.4%. Use the arrow keys to read each point.−75%−50%−25%25%Oct 2025May 2026Nov 2026
Expense ratio
MSTU 1.05%
UNHG 0.77%, better
Fund size
MSTU $542M
UNHG $63M
1Y total return
MSTU −91.0%
UNHG +8.4%, better
Holdings
MSTU 4
UNHG 5
Avg volume (30D)
MSTU 8.08M sh, better
UNHG 726K sh
NAV per share
MSTU $27.00
UNHG $20.57
52W range

ETF.net Grade

MSTU: Cost 42, Risk 31, Mission 80, Tradability 61, Holdings not scored, Durability 81. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for MSTU, UNHG, with each pillar’s weight
PillarMSTUUNHG
Cost30% weightC42B60Higher
Mission25% weightA80A90Higher
Risk15% weightD31A83Higher
Tradability15% weightB61A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA81HigherB66

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. MSTU 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 MSTU 97th 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 97CHYNXT-REX 2X Long SK Hynix Daily Target ETFScore 46
  5. Rank 97CMSTUT-REX 2X Long MSTR Daily Target ETFScore 46
  6. Rank 97CNBILGraniteShares 2x Long NBIS Daily ETFScore 46

Our read on each fund

ETF.net Research

MSTUCT-REX 2X Long MSTR Daily Target ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

MSTU Two times MicroStrategy's daily move, reset every morning. MSTU is the liquid, lower-fee way to run that trade: less than half the fee of its 2X MSTR rival, and one of the busiest tickers in the leveraged single-stock aisle.

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

MSTU MSTU seeks daily investment results, before fees and expenses, equal to 200% of the performance of MicroStrategy Inc.'s publicly traded common stock. It is designed for a holding period of one trading day, not for tracking the multiple 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

  • MSTU At 1.05% a year, it charges under half what rival 2X MSTR fund MSTP does (2.30%), and lands right around the median for leveraged single-stock funds.
  • Among the most actively traded funds in the leveraged single-stock group, which matters when the intended holding period is one day and spreads eat the edge.
  • The mandate is blunt: 200% of MSTR's daily move, before fees, inside a 1940 Act fund. One lever, no index to second-guess, no overlay.rexshares.com
  • A several-hundred-million-dollar fund that sits in the upper half of a crowded field of leveraged single-stock bull products.
  • 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

  • MSTU The 2x is a daily target that resets each morning. Held through a choppy stretch, results can drift well away from twice MSTR's move, in either direction.
  • One stock, doubled. No diversification cushion, and MSTR is a hard mover on its own, so drawdowns can arrive fast and deep.
  • Launched in 2024, so its record covers a short, unusually wild window for MSTR rather than a full market cycle. It also pays no distributions.
  • 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 MSTU profile⁠

Full UNHG profile⁠

MSTU 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.

MSTU vs UNHG Cost

Overpaying MSTU vs UNHG

$4,666

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

  • MSTU 1.05%

    $19,495

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • MSTU 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$20K051015202530MSTU $19,495UNHG $14,829

Year by year

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

Expense ratio

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

UNHG 135th cheapest of 315 funds

MSTU 201st cheapest of 315 funds

MSTU vs UNHG Dividends

Last 12 months to Nov 2, 2026
Last payment
MSTU $0.29
UNHG $1.90
Ex-dividend
MSTU Aug 25, 2026
UNHG Dec 30, 2025
Paid on
MSTU Aug 26, 2026
UNHG Jan 2, 2026
Frequency
MSTU Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

MSTUIrregular · 1 paymentAll MSTU payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Aug 25, 2026 $0.29. 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

MSTU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSTU 157.3%since Oct 2024UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
MSTU −0.54since Oct 2024UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
MSTU −99.9%since Sep 2024UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
MSTU 4.62UNHG 5.19

MSTU and UNHG in the news

All news⁠

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