Skip to content
etf.net

PYPU vs UNHG

Direxion Daily PYPL Bull 2X ETF

PYPUCNYSE Arca

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.20pt a year

PYPU0.97%UNHG0.77%

Avg volume · 30D

UNHG 110.5×the volume

PYPU6.73KUNHG744K

PYPU vs UNHG Performance

Aug 7, 2026 – Nov 9, 2026

−3.6%PYPU−8.8%UNHG

Aug 7, 2026 to Nov 9, 2026. PYPU −3.6%. UNHG −8.8%. Use the arrow keys to read each point.−20%10%Aug 2026Sep 2026Nov 2026
Expense ratio
PYPU 0.97%
UNHG 0.77%, better
Fund size
PYPU $2M
UNHG $73M
1Y total return
PYPU No data
UNHG +18.8%
Holdings
PYPU 8
UNHG 6
Avg volume (30D)
PYPU 6.73K sh
UNHG 744K sh, better
NAV per share
PYPU $37.25
UNHG $19.20
52W range

ETF.net Grade

PYPU: Cost 56, Risk 92, Mission 91, Tradability 40, Holdings not scored, Durability 51. UNHG: Cost 61, Risk 86, Mission 91, Tradability 91, Holdings not scored, Durability 67.
Pillar letters and Scores for PYPU, UNHG, with each pillar’s weight
PillarPYPUUNHG
Cost30% weightB56B61Higher
Mission25% weightA91A91
Risk15% weightA92HigherA86
Tradability15% weightC40A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC51B67Higher

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. PYPU and UNHG are both graded against the same 312 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 312 funds
See all 312 ›

UNHG ranks 1st and PYPU 124th of 312 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1AUNHGLeverage Shares 2x Long UNH Daily ETFScore 74
  2. Rank 2ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  3. Rank 124CPLULLeverage Shares 2X Long PLUG Daily ETFScore 40
  4. Rank 124CPYPUDirexion Daily PYPL Bull 2X ETFScore 40
  5. Rank 124CQUACorgi QBTS 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

PYPUCDirexion Daily PYPL Bull 2X ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

PYPU Most leveraged single-stock ETFs chase chips and crypto. PYPU aims 2x daily leverage at PayPal instead, for 0.97% net of a waiver through September 1, 2027. A one-stock trade that resets every day, not a buy-and-hold holding.

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

PYPU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of PayPal Holdings, Inc. 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

  • PYPU Aims for 200% of PayPal stock's daily move, so a bullish view on one payments name can be expressed in a plain brokerage account, no margin or options approval needed.direxion.com
  • Day to day it has tracked its stated 200% target closely, one of the tighter implementations in a crowded field of geared single-stock funds.
  • Costs 0.97% net of a waiver through September 1, 2027 (0.99% gross), near the typical fee for leveraged single-stock ETFs.
  • Launched March 2026 inside Direxion's single-stock lineup, alongside 2x bull funds on Adobe, Texas Instruments and UnitedHealth.direxion.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

  • PYPU The 2x target resets daily. Hold longer and compounding takes over, so multi-day results can land well above or below twice PayPal's move over the same stretch.direxion.com
  • Small and thinly traded since its 2026 launch, which can widen spreads. Checking the quote matters more here than in a mega-fund.
  • Cheaper alternatives exist in the category: peers OKTG (0.75%) and TSMG (0.76%) charge less, with no waiver holding those numbers down.
  • 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 PYPU profile⁠

Full UNHG profile⁠

PYPU 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.

PYPU vs UNHG Cost

Overpaying PYPU vs UNHG

$3,369

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

  • PYPU 0.97%

    $18,198

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • PYPU 0.97%
  • 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$20K051015202530PYPU $18,198UNHG $14,829

Year by year

YearPYPUUNHGOverpaying
10$1,712$1,371$341
20$6,443$5,205$1,238
30$18,198$14,829$3,369

Expense ratio

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

UNHG 135th cheapest of 312 funds

PYPU 156th cheapest of 312 funds

PYPU vs UNHG Dividends

Last 12 months to Nov 9, 2026
Last payment
PYPU $0.31
UNHG $1.90
Ex-dividend
PYPU Sep 22, 2026
UNHG Dec 30, 2025
Paid on
PYPU Sep 29, 2026
UNHG Jan 2, 2026
Frequency
PYPU Quarterly
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

PYPUQuarterly · 2 paymentsAll PYPU payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Jun 23, 2026 $0.17; Sep 22, 2026 $0.31. 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

PYPU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PYPU No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
PYPU No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
PYPU No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
PYPU −1.26UNHG 5.19

Popular comparisons

  • PYPUCvsTSMGA

    Direxion Daily PYPL Bull 2X ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.97% · 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.

  • PYPUCvsCOTGA

    Direxion Daily PYPL Bull 2X ETF · Leverage Shares 2X Long COST Daily ETF

    Expense ratio
    0.97% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsCOTGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2X Long COST Daily ETF

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

  • PYPUCvsOKTGA

    Direxion Daily PYPL Bull 2X ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.97% · 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.