Skip to content
etf.net

OSCX vs UNHG

Defiance Daily Target 2X Long OSCR ETF

OSCXDNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.55pt a year

OSCX1.32%UNHG0.77%

Avg volume · 30D

UNHG 103.3×the volume

OSCX7.03KUNHG726K

OSCX vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

+35.2%OSCX+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. OSCX +35.2%. UNHG +11.9%. Use the arrow keys to read each point.−75%−50%−25%75%Oct 2025May 2026Oct 2026
Expense ratio
OSCX 1.32%
UNHG 0.77%, better
Fund size
OSCX $7M
UNHG $63M
1Y total return
OSCX +35.2%, better
UNHG +11.9%
Holdings
OSCX 8
UNHG 5
Avg volume (30D)
OSCX 7.03K sh
UNHG 726K sh, better
NAV per share
OSCX $31.54
UNHG $20.57
52W range

ETF.net Grade

OSCX: Cost 25, Risk 65, Mission 91, Tradability 23, Holdings not scored, Durability 62. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for OSCX, UNHG, with each pillar’s weight
PillarOSCXUNHG
Cost30% weightD25B60Higher
Mission25% weightA91HigherA90
Risk15% weightB65A83Higher
Tradability15% weightF23A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB62B66Higher

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. OSCX 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 OSCX 258th 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 258DIREDefiance Daily Target 2X Long IREN ETFScore 36
  5. Rank 258DOSCXDefiance Daily Target 2X Long OSCR ETFScore 36
  6. Rank 261DARCXTradr 2X Long ACHR Daily ETFScore 35

Our read on each fund

ETF.net Research

OSCXDDefiance Daily Target 2X Long OSCR ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

OSCX The first 2X wrapper on Oscar Health: 200% of OSCR's daily move, reset every session, inside a plain brokerage account. The trade-offs are a 1.32% fee and one health insurtech stock carrying the entire position.

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

OSCX The Fund seeks daily investment results equal to 200% of the daily performance of Oscar Health, Inc.

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

  • OSCX Defiance launched it in September 2025 as the first 2X long ETF on Oscar Health, putting an amplified bet on OSCR in a normal brokerage account with no margin or options approval.yahoo.com
  • The mandate is one testable line: 200% of Oscar Health's daily performance. It has stayed close to that daily target.
  • Leverage is rebuilt each day rather than left to drift, so stated exposure starts every session back at 2x the reference stock.
  • 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

  • OSCX At 1.32% with no waiver, it costs more than the typical fund in its category and more than top-ranked 2x peers such as TSMG (0.76%) and OKTG (0.75%).
  • Hold past one day and compounding takes over: in choppy stretches, multi-day results can diverge meaningfully from 2x OSCR's move over the same period.yahoo.com
  • Small and thinly traded next to the big single-stock leveraged names, and young since its 2025 launch, so there is little track record and spreads can run wide.
  • 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 OSCX profile⁠

Full UNHG profile⁠

OSCX 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.

OSCX vs UNHG Cost

Overpaying OSCX vs UNHG

$8,839

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

  • OSCX 1.32%

    $23,668

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • OSCX 1.32%
  • 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$25K051015202530OSCX $23,668UNHG $14,829

Year by year

YearOSCXUNHGOverpaying
10$2,296$1,371$925
20$8,507$5,205$3,302
30$23,668$14,829$8,839

Expense ratio

  • 1.32%OSCX
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

OSCX 243rd cheapest of 315 funds

OSCX vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

OSCXAll OSCX 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

OSCX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OSCX 166.5%since Oct 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
OSCX 0.57since Oct 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
OSCX −84.5%since Sep 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
OSCX 2.67UNHG 5.53

Popular comparisons

  • OSCXDvsTSMGA

    Defiance Daily Target 2X Long OSCR ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.32% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsTSMGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.77% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OSCXDvsOKTGA

    Defiance Daily Target 2X Long OSCR ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.32% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsOKTGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.77% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • OSCXDvsPANGA

    Defiance Daily Target 2X Long OSCR ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.32% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsPANGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.77% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.