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PDDL vs UNHG

GraniteShares 2x Long PDD Daily ETF

PDDLDNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.76pt a year

PDDL1.53%UNHG0.77%

Avg volume · 30D

UNHG 25.3×the volume

PDDL28.8KUNHG726K

PDDL vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−74.0%PDDL+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. PDDL −74.0%. UNHG +11.9%. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
PDDL 1.53%
UNHG 0.77%, better
Fund size
PDDL $6M
UNHG $63M
1Y total return
PDDL −74.0%
UNHG +11.9%, better
Holdings
PDDL 2
UNHG 5
Avg volume (30D)
PDDL 28.8K sh
UNHG 726K sh, better
NAV per share
PDDL $10.88
UNHG $20.57
52W range

ETF.net Grade

PDDL: Cost 3, Risk 46, Mission 98, Tradability 64, Holdings not scored, Durability 63. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for PDDL, UNHG, with each pillar’s weight
PillarPDDLUNHG
Cost30% weightF3B60Higher
Mission25% weightA98HigherA90
Risk15% weightC46A83Higher
Tradability15% weightB64A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB63B66Higher

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. PDDL 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 PDDL 272nd 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 272DAVXXDefiance Daily Target 2X Long AVAV ETFScore 31
  5. Rank 272DPDDLGraniteShares 2x Long PDD Daily ETFScore 31
  6. Rank 272DPLUDaily Target 2X Long PL ETFScore 31

Our read on each fund

ETF.net Research

PDDLDGraniteShares 2x Long PDD Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

PDDL One of the few US ETFs wired to twice the daily move of Temu parent PDD Holdings. A one-session trading tool, priced at 1.50% net of a waiver through December 31, 2026 (1.51% gross).

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

PDDL The Fund seeks daily investment results, before fees and expenses, equal to twice the daily percentage change in PDD Holdings Inc.'s common stock.

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

  • PDDL Simple job, clearly stated: it aims for twice PDD's daily percentage change, before fees, from a normal brokerage ticket. No margin account, no options chain.graniteshares.com
  • Day to day it has tracked its stated 2x objective closely, which is the part of the job a daily-reset fund lives on.
  • GraniteShares has been running leveraged single-stock ETFs since 2022, including 2x funds on Nvidia and Tesla, so the plumbing here is a worn path.nasdaq.comglobenewswire.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

  • PDDL The 2x target resets daily. Hold past a session and compounding can push results well away from 2x the stock's move over that stretch, especially in choppy tape.graniteshares.com
  • At 1.50% net of a waiver through December 31, 2026 (1.51% gross) it runs above the category median, and KPDD charges 1.26% for the same 2x PDD exposure.
  • A small fund that trades lightly next to the category's giants, so spreads and order type matter more here than with the household-name leveraged tickers.
  • 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 PDDL profile⁠

Full UNHG profile⁠

PDDL 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.

PDDL vs UNHG Cost

Overpaying PDDL vs UNHG

$11,877

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

  • PDDL 1.53%

    $26,706

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • PDDL 1.53%
  • 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$30K051015202530PDDL $26,706UNHG $14,829

Year by year

YearPDDLUNHGOverpaying
10$2,639$1,371$1,268
20$9,685$5,205$4,480
30$26,706$14,829$11,877

Expense ratio

  • 1.53%PDDL
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

PDDL 301st cheapest of 315 funds

PDDL vs UNHG Dividends

Last 12 months to Oct 30, 2026
Last payment
PDDL $0.09
UNHG $1.90
Ex-dividend
PDDL Dec 29, 2025
UNHG Dec 30, 2025
Paid on
PDDL Dec 31, 2025
UNHG Jan 2, 2026
Frequency
PDDL Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

PDDLIrregular · 1 paymentAll PDDL payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 29, 2025 $0.09. 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

PDDL vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PDDL 59.8%since Aug 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
PDDL −1.12since Aug 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
PDDL −76.7%since Jul 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
PDDL 0.08UNHG 5.53

Popular comparisons

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    Expense ratio
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