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PALU vs UNHG

Direxion Daily PANW Bull 2X ETF

PALUBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.31pt a year

PALU1.08%UNHG0.77%

Avg volume · 30D

UNHG 6.2×the volume

PALU117KUNHG726K

PALU vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

+95.1%PALU+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. PALU +95.1%. UNHG +11.9%. Use the arrow keys to read each point.−50%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
PALU 1.08%
UNHG 0.77%, better
Fund size
PALU $29M
UNHG $63M
1Y total return
PALU +95.1%, better
UNHG +11.9%
Yield (12M)
PALU 3.71%
UNHG No data
Holdings
PALU 11
UNHG 5
Avg volume (30D)
PALU 117K sh
UNHG 726K sh, better
NAV per share
PALU $55.40
UNHG $20.57
52W range

ETF.net Grade

PALU: Cost 40, Risk 74, Mission 96, Tradability 64, Holdings not scored, Durability 77. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for PALU, UNHG, with each pillar’s weight
PillarPALUUNHG
Cost30% weightC40B60Higher
Mission25% weightA96HigherA90
Risk15% weightA74A83Higher
Tradability15% weightB64A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA77HigherB66

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. PALU 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 PALU 62nd 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 62BORCUDirexion Daily ORCL Bull 2X ETFScore 56
  5. Rank 62BPALUDirexion Daily PANW Bull 2X ETFScore 56
  6. Rank 62BUSGGLeverage Shares 2X Long USAR Daily ETFScore 56

Our read on each fund

ETF.net Research

PALUBDirexion Daily PANW Bull 2X ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

PALU Two-times daily exposure to Palo Alto Networks, the cybersecurity bellwether, from one of the original leveraged-ETF shops. Direxion listed it in 2025 next to a matching bear fund, so both sides of the PANW trade sit under one roof.

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

PALU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Palo Alto Networks common shares.

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

  • PALU Aims for 200% of Palo Alto Networks' daily move, before fees and expenses, using swaps and options, so the leverage arrives without a margin account.direxion.com
  • Hews closely to that stated daily target, which places it among the stronger implementations in a crowded leveraged single-stock field.
  • Direxion launched a PANW bear fund on the same day in March 2025, so a trader can take either direction within one fund family and one set of documents.direxion.comdirexion.com 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

  • PALU The leverage resets every day. Hold longer and results depend on the path PANW takes; choppy stretches can leave returns short of 2x the stock's move over the period.direxion.com
  • Costs 1.08% net of a waiver through September 1, 2027 (1.48% gross), above the category median. PANG targets the same stock at 0.76% with no waiver attached.
  • One company carries the whole fund. A single PANW earnings night lands with roughly double force, and there are no other holdings to soften 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 PALU profile⁠

Full UNHG profile⁠

PALU 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.

PALU vs UNHG Cost

Overpaying PALU vs UNHG

$5,145

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

  • PALU 1.08%

    $19,974

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • PALU 1.08%
  • 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$20K051015202530PALU $19,974UNHG $14,829

Year by year

YearPALUUNHGOverpaying
10$1,898$1,371$527
20$7,106$5,205$1,901
30$19,974$14,829$5,145

Expense ratio

  • 1.08%PALU
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

PALU 218th cheapest of 315 funds

PALU vs UNHG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PALU 3.71%
UNHG No data
Payout (12M)
PALU $1.90
UNHG No data
Last payment
PALU $0.11
UNHG $1.90
Ex-dividend
PALU Sep 22, 2026
UNHG Dec 30, 2025
Paid on
PALU Sep 29, 2026
UNHG Jan 2, 2026
Frequency
PALU Quarterly
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

PALUQuarterly · 7 paymentsAll PALU payments⁠
One bar per payment. 7 payments from 2025 to 2026 YTD. Jun 24, 2025 $0.12; Sep 23, 2025 $0.15; Dec 10, 2025 $1.49; Dec 23, 2025 $0.12; Mar 24, 2026 $0.06; Jun 23, 2026 $0.12; Sep 22, 2026 $0.11. Use the arrow keys to read each point.$0$22026YTD
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

PALU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PALU 128.4%since Apr 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
PALU 0.92since Apr 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
PALU −62.1%since Mar 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
PALU 3.31UNHG 5.53

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