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NIOG vs UNHG

Leverage Shares 2x Long NIO Daily ETF

NIOGCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

NIOG −0.02pt a year

NIOG0.75%UNHG0.77%

Avg volume · 30D

UNHG 14.9×the volume

NIOG48.8KUNHG726K

NIOG vs UNHG Performance

Dec 31, 2025 – Nov 2, 2026

−71.2%NIOG+18.4%UNHG

Dec 31, 2025 to Nov 2, 2026. NIOG −71.2%. UNHG +18.4%. Use the arrow keys to read each point.−50%−25%0%50%Dec 2025Jun 2026Nov 2026
Expense ratio
NIOG 0.75%, better
UNHG 0.77%
Fund size
NIOG $3M
UNHG $63M
1Y total return
NIOG No data
UNHG +8.4%
Holdings
NIOG 5
UNHG 5
Avg volume (30D)
NIOG 48.8K sh
UNHG 726K sh, better
NAV per share
NIOG $4.71
UNHG $20.57
52W range

ETF.net Grade

NIOG: Cost 70, Risk 45, Mission not scored, Tradability 41, Holdings not scored, Durability 46. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for NIOG, UNHG, with each pillar’s weight
PillarNIOGUNHG
Cost30% weightA70HigherB60
Mission25% weightNot scoredA90
Risk15% weightC45A83Higher
Tradability15% weightC41A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC46B66Higher

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. NIOG 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 NIOG 123rd 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 123CNFXCorgi NFLX 2x Daily ETFScore 40
  5. Rank 123CNIOGLeverage Shares 2x Long NIO Daily ETFScore 40
  6. Rank 123CNOWXCorgi NOW 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

NIOGCLeverage Shares 2x Long NIO Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

NIOG No data

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

NIOG No data

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

NIOG No data

  • 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

NIOG No data

  • 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 NIOG profile⁠

Full UNHG profile⁠

NIOG 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.

NIOG vs UNHG Cost

Overpaying UNHG vs NIOG

$347

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

  • NIOG 0.75%

    $14,482

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • NIOG 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 $14,829NIOG $14,482

Year by year

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

Expense ratio

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

NIOG 87th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

NIOG vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

NIOGAll NIOG 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

NIOG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NIOG No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
NIOG No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
NIOG No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
NIOG −1.81UNHG 5.19

Popular comparisons

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    Expense ratio
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