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NETG vs UNHG

Leverage Shares 2x Long NET Daily ETF

NETGBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

NETG −0.02pt a year

NETG0.75%UNHG0.77%

Avg volume · 30D

UNHG 9.0×the volume

NETG80.9KUNHG726K

NETG vs UNHG Performance

Dec 31, 2025 – Oct 30, 2026

+16.2%NETG+22.2%UNHG

Dec 31, 2025 to Oct 30, 2026. NETG +16.2%. UNHG +22.2%. Use the arrow keys to read each point.−25%50%75%100%Dec 2025Jun 2026Oct 2026
Expense ratio
NETG 0.75%, better
UNHG 0.77%
Fund size
NETG $5M
UNHG $63M
1Y total return
NETG No data
UNHG +11.9%
Holdings
NETG 4
UNHG 5
Avg volume (30D)
NETG 80.9K sh
UNHG 726K sh, better
NAV per share
NETG $14.86
UNHG $20.57
52W range

ETF.net Grade

NETG: Cost 70, Risk 70, Mission 91, Tradability 59, Holdings not scored, Durability 49. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for NETG, UNHG, with each pillar’s weight
PillarNETGUNHG
Cost30% weightA70HigherB60
Mission25% weightA91HigherA90
Risk15% weightA70A83Higher
Tradability15% weightB59A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC49B66Higher

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. NETG 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 NETG 18th 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 18BKLAGLeverage Shares 2X Long KLAC Daily ETFScore 65
  5. Rank 18BNETGLeverage Shares 2x Long NET Daily ETFScore 65
  6. Rank 18BTERGLeverage Shares 2X Long TER Daily ETFScore 65

Our read on each fund

ETF.net Research

NETGBLeverage Shares 2x Long NET Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

NETG Two times Cloudflare's daily move, priced at 0.75% a year. Leverage Shares got to this trade second and answered with the cheaper ticket, matching its house rate for 2x single-stock funds.

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

NETG The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of Cloudflare, Inc. stock (NET).

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

  • NETG 0.75% a year puts it under the typical 2x single-stock fee and matches Leverage Shares' house rate, below what Direxion charges on GGLL and AAPU.
  • Clean single-name mechanics: 200% of Cloudflare's daily move, before fees. No basket, no index, nothing else diluting the trade.leverageshares.com
  • Hits its stated 2x daily target closely, one of the tighter implementations in the leveraged single-stock group.
  • 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

  • NETG The leverage resets every day. Hold longer than a session and compounding pulls results away from 2x the stock's move, with choppy tape widening the gap.
  • One company, doubled. An earnings print or a Cloudflare outage headline moves the entire position, with no other holdings to absorb it.
  • Launched in November 2025 with a small asset base and no distributions, so it has less trading depth and track record behind it than entrenched funds.
  • 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 NETG profile⁠

Full UNHG profile⁠

NETG 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.

NETG vs UNHG Cost

Overpaying UNHG vs NETG

$347

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

  • NETG 0.75%

    $14,482

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • NETG 0.75%
  • 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 $14,829NETG $14,482

Year by year

YearNETGUNHGOverpaying
10$1,336$1,371$35
20$5,078$5,205$127
30$14,482$14,829$347

Expense ratio

  • 0.75%NETG, cheaper
  • 0.77%UNHG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

NETG 87th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

NETG vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

NETGAll NETG 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

NETG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NETG No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
NETG No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
NETG No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
NETG −1.67UNHG 5.53

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