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PATX vs UNHG

Tradr 2X Long PATH Daily ETF

PATXDCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

0.0%by weight

Expense ratio

UNHG −0.72pt a year

PATX1.49%UNHG0.77%

Avg volume · 30D

UNHG 12.3×the volume

PATX59KUNHG726K

PATX vs UNHG Performance

Jul 31, 2026 – Oct 30, 2026

+1.3%PATX−8.1%UNHG

Jul 31, 2026 to Oct 30, 2026. PATX +1.3%. UNHG −8.1%. Use the arrow keys to read each point.25%50%75%100%Jul 2026Sep 2026Oct 2026
Expense ratio
PATX 1.49%
UNHG 0.77%, better
Fund size
PATX $3M
UNHG $63M
1Y total return
PATX No data
UNHG +11.9%
Holdings
PATX 2
UNHG 5
Avg volume (30D)
PATX 59K sh
UNHG 726K sh, better
NAV per share
PATX $10.34
UNHG $20.57
52W range

ETF.net Grade

PATX: Cost 11, Risk 58, Mission 86, Tradability 55, Holdings not scored, Durability 49. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for PATX, UNHG, with each pillar’s weight
PillarPATXUNHG
Cost30% weightF11B60Higher
Mission25% weightA86A90Higher
Risk15% weightB58A83Higher
Tradability15% weightB55A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC49B66Higher

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. PATX 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 PATX 264th 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 264DMRALGraniteShares 2x Long MARA Daily ETFScore 34
  5. Rank 264DPATXTradr 2X Long PATH Daily ETFScore 34
  6. Rank 264DSNDUT-REX 2X Long SNDK Daily Target ETFScore 34

Our read on each fund

ETF.net Research

PATXDTradr 2X Long PATH Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

PATX A one-day trade wrapper on UiPath: PATX aims to deliver two times PATH's daily move, then resets the next morning. Most single-stock leveraged funds chase mega-caps; this one points at an automation software name instead.

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

PATX The Fund seeks daily investment results equal to two times the daily performance of UiPath, Inc. common shares and does not target that result for periods longer or shorter than one trading day.

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

  • PATX One job, stated plainly: two times UiPath's daily performance, for a single trading day, and it has held close to that stated daily target.
  • Leverage on a stock the shelf mostly skips. Peers pile into mega-caps (AAPU on Apple, GGLL on Alphabet); this one points at UiPath.
  • Geared exposure inside a registered 1940 Act fund: no margin account, no options chain, and your downside is capped at what you put in.
  • 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

  • PATX The fee is 1.49% a year, above the roughly 1% median for 2x single-stock funds, and well above the 0.75% charged by peers like UNHG and ASMG.
  • Daily reset is the whole mechanism. Hold past one session and your result depends on the path PATH takes, not on two times its move over that stretch.
  • Young and small: launched in 2026, with a modest asset base and lighter trading than the shelf's biggest 2x names, so spreads and order size matter.
  • 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 PATX profile⁠

Full UNHG profile⁠

PATX vs UNHG Holdings

How PATX and UNHG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of PATX and 0.0% of UNHG.

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for PATX and UNHG.

Country, concentration and asset class

Country by domicile

No country split for PATX.

Concentration

Weight in the 10 largest Holdings

  • PATX158.5%
  • UNHG212.0%

Securities held

  • PATX2
  • UNHG1

Asset class

PATX
Leveraged/Inverse
UNHG
Equity

Holdings

  • Only in PATX2
  • In both0
  • Only in UNHG1

Only in PATX

2 securities, 100% of PATX by weight

  • Cashusd108.67%
  • Cfd Uipath Inc - Class A49.88%

Only in UNHG

1 security, 12.0% of UNHG by weight

  • First American Treasury Obligations Fund 01/01/204011.99%

Weight gaps

PATX and UNHG share no securities.

All PATX holdings⁠All 5 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.

PATX vs UNHG Cost

Overpaying PATX vs UNHG

$11,312

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

  • PATX 1.49%

    $26,141

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • PATX 1.49%
  • 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$30K051015202530PATX $26,141UNHG $14,829

Year by year

YearPATXUNHGOverpaying
10$2,574$1,371$1,203
20$9,464$5,205$4,259
30$26,141$14,829$11,312

Expense ratio

  • 1.49%PATX
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

PATX 263rd cheapest of 315 funds

PATX vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

PATXAll PATX 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

PATX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PATX No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
PATX No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
PATX No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
PATX −0.09UNHG 5.53

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