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NBIG vs UNHG

Leverage Shares 2x Long NBIS Daily ETF

NBIGBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

NBIG −0.01pt a year

NBIG0.76%UNHG0.77%

Avg volume · 30D

NBIG 4.1×the volume

NBIG2.99MUNHG726K

NBIG vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−63.1%NBIG+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. NBIG −63.1%. UNHG +11.9%. Use the arrow keys to read each point.50%100%Oct 2025Apr 2026Oct 2026
Expense ratio
NBIG 0.76%, better
UNHG 0.77%
Fund size
NBIG $71M
UNHG $63M
1Y total return
NBIG −63.1%
UNHG +11.9%, better
Holdings
NBIG 6
UNHG 5
Avg volume (30D)
NBIG 2.99M sh, better
UNHG 726K sh
NAV per share
NBIG $6.96
UNHG $20.57
52W range

ETF.net Grade

NBIG: Cost 70, Risk 44, Mission 99, Tradability 90, Holdings not scored, Durability 64. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for NBIG, UNHG, with each pillar’s weight
PillarNBIGUNHG
Cost30% weightA70HigherB60
Mission25% weightA99HigherA90
Risk15% weightC44A83Higher
Tradability15% weightA90A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB64B66Higher

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. NBIG 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 NBIG 11th 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 11BECHXLeverage Shares 2X Long SATS Daily ETFScore 67
  5. Rank 11BNBIGLeverage Shares 2x Long NBIS Daily ETFScore 67
  6. Rank 15BGEVGLeverage Shares 2x Long GEV Daily ETFScore 66

Our read on each fund

ETF.net Research

NBIGBLeverage Shares 2x Long NBIS Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

NBIG A one-day trade on Nebius, the AI cloud builder, dialed to 2x. NBIG aims for 200% of NBIS's daily move, charges 0.76% (below the category norm), and has hugged that daily target closely since launch.

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

NBIG The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of NBIS.

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

  • NBIG Does exactly what the label says: 200% of NBIS's daily move, nothing clever bolted on. At 0.76% it sits below the typical fee in this category.
  • Tracking has stayed close to the 2x daily mandate, one of the stronger implementations among the hundreds of single-stock bull funds in its peer group.
  • Actively traded for a single-stock leveraged fund, so sizing in and out within the session is rarely a wrestling match.
  • Part of a deep Leverage Shares 2x bench, priced in line with siblings like TSMG at 0.76% and UNHG at 0.77%, none of it propped up by a fee waiver.
  • 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

  • NBIG Daily reset is math, not magic: hold past a day and compounding pulls returns away from 2x. Leverage Shares builds it for short-term trades, often single-day holds.leverageshares.com
  • Two times one stock. Nebius is an AI cloud infrastructure company, and its headline-driven swings land on NBIG twice as hard, in both directions.thestreet.com
  • Short history: it listed in October 2025, so its record has not yet spanned a full market cycle.
  • 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 NBIG profile⁠

Full UNHG profile⁠

NBIG 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.

NBIG vs UNHG Cost

Overpaying UNHG vs NBIG

$173

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

  • NBIG 0.76%

    $14,656

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • NBIG 0.76%
  • 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$15K051015202530UNHG $14,829NBIG $14,656

Year by year

YearNBIGUNHGOverpaying
10$1,353$1,371$18
20$5,142$5,205$63
30$14,656$14,829$173

Expense ratio

  • 0.76%NBIG, cheaper
  • 0.77%UNHG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

NBIG 131st cheapest of 315 funds

UNHG 135th cheapest of 315 funds

NBIG vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

NBIGAll NBIG 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

NBIG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NBIG 205.4%since Nov 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
NBIG 0.37since Nov 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
NBIG −84.1%since Oct 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
NBIG 7.53UNHG 5.53

Popular comparisons

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    Leverage Shares 2x Long NBIS Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.76% · 0.76%
    Category
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  • UNHGAvsTSMGA

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    0.77% · 0.75%
    Category
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  • UNHGAvsPANGA

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    Expense ratio
    0.77% · 0.76%
    Category
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