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OKLL vs UNHG

Daily Target 2X Long OKLO ETF

OKLLDNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.68pt a year

OKLL1.45%UNHG0.77%

Avg volume · 30D

OKLL 3.5×the volume

OKLL2.64MUNHG744K

OKLL vs UNHG Performance

Nov 7, 2025 – Nov 9, 2026

−98.3%OKLL+18.8%UNHG

Nov 7, 2025 to Nov 9, 2026. OKLL −98.3%. UNHG +18.8%. Use the arrow keys to read each point.−75%−50%−25%0%50%Nov 2025May 2026Nov 2026
Expense ratio
OKLL 1.45%
UNHG 0.77%, better
Fund size
OKLL $49M
UNHG $73M
1Y total return
OKLL −98.3%
UNHG +18.8%, better
Holdings
OKLL 10
UNHG 6
Avg volume (30D)
OKLL 2.64M sh, better
UNHG 744K sh
NAV per share
OKLL $3.36
UNHG $19.20
52W range

ETF.net Grade

OKLL: Cost 19, Risk 15, Mission 90, Tradability 52, Holdings not scored, Durability 74. UNHG: Cost 61, Risk 86, Mission 91, Tradability 91, Holdings not scored, Durability 67.
Pillar letters and Scores for OKLL, UNHG, with each pillar’s weight
PillarOKLLUNHG
Cost30% weightF19B61Higher
Mission25% weightA90A91Higher
Risk15% weightF15A86Higher
Tradability15% weightC52A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA74HigherB67

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. OKLL and UNHG are both graded against the same 312 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 312 funds
See all 312 ›

UNHG ranks 1st and OKLL 284th of 312 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1AUNHGLeverage Shares 2x Long UNH Daily ETFScore 74
  2. Rank 2ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  3. Rank 281DPLUDaily Target 2X Long PL ETFScore 31
  4. Rank 284DOKLLDaily Target 2X Long OKLO ETFScore 30
  5. Rank 284DQSUDaily Target 2X Long QS ETFScore 30

Our read on each fund

ETF.net Research

OKLLDDaily Target 2X Long OKLO ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

OKLL Twice Oklo's daily move, in a fund wrapper. OKLL is leveraged exposure to an advanced nuclear developer whose first reactor isn't running yet, and the 2x resets every day, so your holding period matters as much as your call.

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

OKLL The Fund seeks daily investment results, before fees and expenses, equal to twice the daily percentage change in Oklo Inc.'s share price.

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

  • OKLL Does what the label says: it aims for twice Oklo's daily percentage change, and has tracked that daily target closely since its 2025 launch.
  • One of the actively traded names in its corner of the market, and it delivers the 2x inside an ordinary brokerage account, with no margin agreement or options approval needed.
  • The underlying is a true pure play: Oklo is building its first Aurora sodium-cooled fast reactor at Idaho National Laboratory, with commercial operation targeted for late this decade.world-nuclear-news.orgworld-nuclear-news.org 2
  • 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

  • OKLL At 1.45%, the fee sits above the category median, and well above the strongest-scoring 2x single-stock peers such as OKTG (0.75%) and TSMG (0.76%).
  • The leverage resets daily. Held longer than a day, results depend on the path the stock takes, and choppy stretches can land short of twice the move.
  • One stock, no diversification cushion: a single licensing, funding or earnings headline moves the whole fund, doubled. It also isn't an income vehicle.
  • 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 OKLL profile⁠

Full UNHG profile⁠

OKLL 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.

OKLL vs UNHG Cost

Overpaying OKLL vs UNHG

$10,741

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

  • OKLL 1.45%

    $25,570

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • OKLL 1.45%
  • UNHG 0.77%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530OKLL $25,570UNHG $14,829

Year by year

YearOKLLUNHGOverpaying
10$2,509$1,371$1,138
20$9,241$5,205$4,036
30$25,570$14,829$10,741

Expense ratio

  • 1.45%OKLL
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 312 funds

OKLL 260th cheapest of 312 funds

OKLL vs UNHG Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
OKLL None
UNHG No data
Last payment
OKLL No data
UNHG $1.90
Ex-dividend
OKLL No data
UNHG Dec 30, 2025
Paid on
OKLL No data
UNHG Jan 2, 2026
Frequency
OKLL No data
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

OKLLAll OKLL 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

OKLL vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OKLL 182.5%since Jul 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
OKLL −0.44since Jul 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
OKLL −99.7%since Jun 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
OKLL 9.90UNHG 5.19

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