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NBIL vs UNHG

GraniteShares 2x Long NBIS Daily ETF

NBILCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.64pt a year

NBIL1.41%UNHG0.77%

Avg volume · 30D

NBIL 6.2×the volume

NBIL4.5MUNHG726K

NBIL vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−60.5%NBIL+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. NBIL −60.5%. UNHG +11.9%. Use the arrow keys to read each point.50%100%150%Oct 2025May 2026Oct 2026
Expense ratio
NBIL 1.41%
UNHG 0.77%, better
Fund size
NBIL $198M
UNHG $63M
1Y total return
NBIL −60.5%
UNHG +11.9%, better
Holdings
NBIL 2
UNHG 5
Avg volume (30D)
NBIL 4.5M sh, better
UNHG 726K sh
NAV per share
NBIL $12.79
UNHG $20.57
52W range

ETF.net Grade

NBIL: Cost 20, Risk 44, Mission 97, Tradability 95, Holdings not scored, Durability 76. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for NBIL, UNHG, with each pillar’s weight
PillarNBILUNHG
Cost30% weightF20B60Higher
Mission25% weightA97HigherA90
Risk15% weightC44A83Higher
Tradability15% weightA95HigherA91
Holdings10% weightNot scoredNot scored
Durability5% weightA76HigherB66

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. NBIL 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 NBIL 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 97CMSTUT-REX 2X Long MSTR Daily Target ETFScore 46
  5. Rank 97CNBILGraniteShares 2x Long NBIS Daily ETFScore 46
  6. Rank 97CNFLUT-REX 2X Long NFLX Daily Target ETFScore 46

Our read on each fund

ETF.net Research

NBILCGraniteShares 2x Long NBIS Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

NBIL Two times the daily move of Nebius, the Amsterdam AI-cloud company rebuilt from Yandex's non-Russian assets. One volatile stock, doubled, reset every night: a trading tool by design, not a set-and-forget holding.

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

NBIL The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change of Nebius Group N.V. stock.

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

  • NBIL Does the job on the tin: it has stayed close to its stated 2x daily NBIS target, one of the tighter implementations in a crowded single-stock leverage field.
  • Actively traded for such a young fund, which helps keep the cost of getting in and out contained.
  • Doubled exposure to a GPU-cloud builder in an ordinary brokerage account: no margin agreement, no options chain, no swap paperwork of your own.graniteshares.com
  • 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

  • NBIL The 1.50% expense ratio sits well above the typical 2x single-stock fund, and rivals (NBIG, NEBX) chase the same daily NBIS target.leverageshares.comtradretfs.com
  • The multiple resets daily, so results over longer stretches can drift far from 2x the stock's move, especially through choppy trading.graniteshares.com
  • One AI infrastructure name, leveraged, launched in 2025: concentrated, volatile, and with a short record to judge it by. 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 NBIL profile⁠

Full UNHG profile⁠

NBIL 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.

NBIL vs UNHG Cost

Overpaying NBIL vs UNHG

$10,163

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

  • NBIL 1.41%

    $24,992

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • NBIL 1.41%
  • 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$25K051015202530NBIL $24,992UNHG $14,829

Year by year

YearNBILUNHGOverpaying
10$2,444$1,371$1,073
20$9,017$5,205$3,812
30$24,992$14,829$10,163

Expense ratio

  • 1.41%NBIL
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

NBIL 257th cheapest of 315 funds

NBIL vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

NBILAll NBIL 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

NBIL vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NBIL 207.5%since Nov 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
NBIL 0.40since Nov 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
NBIL −84.0%since Oct 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
NBIL 7.58UNHG 5.53

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