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PENU vs UNHG

T-REX 2X Long PENG Daily Target ETF

PENUDCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.73pt a year

PENU1.50%UNHG0.77%

Avg volume · 30D

UNHG 22.6×the volume

PENU32.2KUNHG726K

PENU vs UNHG Performance

Sep 30, 2026 – Oct 30, 2026

−22.6%PENU+19.4%UNHG

Sep 30, 2026 to Oct 30, 2026. PENU −22.6%. UNHG +19.4%. Use the arrow keys to read each point.0%50%75%100%Sep 30Oct 15Oct 30
Expense ratio
PENU 1.50%
UNHG 0.77%, better
Fund size
PENU $3M
UNHG $63M
1Y total return
PENU No data
UNHG +11.9%
Holdings
PENU 2
UNHG 5
Avg volume (30D)
PENU 32.2K sh
UNHG 726K sh, better
NAV per share
PENU $20.18
UNHG $20.57
52W range

ETF.net Grade

PENU: Cost 11, Risk 54, Mission not scored, Tradability 33, Holdings not scored, Durability 35. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for PENU, UNHG, with each pillar’s weight
PillarPENUUNHG
Cost30% weightF11B60Higher
Mission25% weightNot scoredA90
Risk15% weightC54A83Higher
Tradability15% weightD33A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD35B66Higher

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. PENU 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 PENU 283rd 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 283DMSTPGraniteShares 2x Long MSTR Daily ETFScore 28
  5. Rank 283DPENUT-REX 2X Long PENG Daily Target ETFScore 28
  6. Rank 283DQSUDaily Target 2X Long QS ETFScore 28

Our read on each fund

ETF.net Research

PENUDT-REX 2X Long PENG Daily Target ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

PENU No data

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

PENU No data

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

PENU No data

  • 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

PENU No data

  • 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 PENU profile⁠

Full UNHG profile⁠

PENU 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.

PENU vs UNHG Cost

Overpaying PENU vs UNHG

$11,454

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

  • PENU 1.50%

    $26,283

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • PENU 1.50%
  • 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$30K051015202530PENU $26,283UNHG $14,829

Year by year

YearPENUUNHGOverpaying
10$2,590$1,371$1,219
20$9,519$5,205$4,314
30$26,283$14,829$11,454

Expense ratio

  • 1.50%PENU
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

PENU 271st cheapest of 315 funds

PENU vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

PENUAll PENU 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

PENU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PENU No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
PENU No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
PENU No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
PENU 0.00UNHG 5.53

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