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ORCX vs UNHG

Daily Target 2X Long ORCL ETF

ORCXCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.54pt a year

ORCX1.31%UNHG0.77%

Avg volume · 30D

ORCX 3.8×the volume

ORCX2.81MUNHG744K

ORCX vs UNHG Performance

Nov 7, 2025 – Nov 9, 2026

−84.3%ORCX+18.8%UNHG

Nov 7, 2025 to Nov 9, 2026. ORCX −84.3%. UNHG +18.8%. Use the arrow keys to read each point.−50%−25%0%50%Nov 2025May 2026Nov 2026
Expense ratio
ORCX 1.31%
UNHG 0.77%, better
Fund size
ORCX $143M
UNHG $73M
1Y total return
ORCX −84.3%
UNHG +18.8%, better
Holdings
ORCX 9
UNHG 6
Avg volume (30D)
ORCX 2.81M sh, better
UNHG 744K sh
NAV per share
ORCX $12.31
UNHG $19.20
52W range

ETF.net Grade

ORCX: Cost 26, Risk 42, Mission 98, Tradability 76, Holdings not scored, Durability 81. UNHG: Cost 61, Risk 86, Mission 91, Tradability 91, Holdings not scored, Durability 67.
Pillar letters and Scores for ORCX, UNHG, with each pillar’s weight
PillarORCXUNHG
Cost30% weightD26B61Higher
Mission25% weightA98HigherA91
Risk15% weightC42A86Higher
Tradability15% weightA76A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA81HigherB67

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. ORCX 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 ORCX 103rd 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 103CGEVXTradr 2X Long GEV Daily ETFScore 45
  4. Rank 103CORCXDaily Target 2X Long ORCL ETFScore 45
  5. Rank 106CAPPXTradr 2X Long APP Daily ETFScore 44

Our read on each fund

ETF.net Research

ORCXCDaily Target 2X Long ORCL ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

ORCX The first 2x ETF on Oracle, live since February 2025. It targets twice ORCL's daily move for 1.31%, pricier than most single-stock leverage, in a fund you can trade without a margin account.

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

ORCX The Fund seeks daily leveraged investment results equal to two times the daily percentage change in Oracle Corporation'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

  • ORCX Two times Oracle's daily move, reset each day, inside an ordinary brokerage account. No margin agreement, no options chain, no share borrow to arrange.nasdaq.com
  • The daily math lands close to its stated 2x target, and the fund trades actively, so getting in and out is rarely the hard part.
  • First mover on leveraged Oracle (February 2025) and still in the upper half of a very crowded single-stock leverage field.nasdaq.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

  • ORCX At 1.31% it sits above the category median, and ORCU runs the same 2x ORCL mandate at 0.97% net of a waiver through September 1, 2027.
  • The 2x target resets daily, so over longer stretches the result follows ORCL's path, not its start and end points. Choppy tape erodes value. This is a trading tool.
  • One company, doubled. An Oracle earnings night or cloud-contract headline hits here twice as hard, with no other holdings to cushion it.
  • 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 ORCX profile⁠

Full UNHG profile⁠

ORCX 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.

ORCX vs UNHG Cost

Overpaying ORCX vs UNHG

$8,690

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

  • ORCX 1.31%

    $23,519

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • ORCX 1.31%
  • 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$25K051015202530ORCX $23,519UNHG $14,829

Year by year

YearORCXUNHGOverpaying
10$2,280$1,371$909
20$8,450$5,205$3,245
30$23,519$14,829$8,690

Expense ratio

  • 1.31%ORCX
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 312 funds

ORCX 236th cheapest of 312 funds

ORCX vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

ORCXAll ORCX 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

ORCX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ORCX 131.1%since Mar 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
ORCX 0.01since Mar 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
ORCX −92.8%since Feb 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
ORCX 6.17UNHG 5.19

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