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QCMU vs UNHG

Direxion Daily QCOM Bull 2X ETF

QCMUCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

0.0%by weight

Expense ratio

UNHG −0.30pt a year

QCMU1.07%UNHG0.77%

Avg volume · 30D

UNHG 5.3×the volume

QCMU137KUNHG726K

QCMU vs UNHG Performance

Oct 31, 2025 – Nov 2, 2026

−44.8%QCMU+8.4%UNHG

Oct 31, 2025 to Nov 2, 2026. QCMU −44.8%. UNHG +8.4%. Use the arrow keys to read each point.−25%25%50%Oct 2025May 2026Nov 2026
Expense ratio
QCMU 1.07%
UNHG 0.77%, better
Fund size
QCMU $19M
UNHG $63M
1Y total return
QCMU −44.8%
UNHG +8.4%, better
Yield (12M)
QCMU 3.52%
UNHG No data
Holdings
QCMU 7
UNHG 5
Avg volume (30D)
QCMU 137K sh
UNHG 726K sh, better
NAV per share
QCMU $17.51
UNHG $20.57
52W range

ETF.net Grade

QCMU: Cost 40, Risk 63, Mission 67, Tradability 60, Holdings not scored, Durability 73. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for QCMU, UNHG, with each pillar’s weight
PillarQCMUUNHG
Cost30% weightC40B60Higher
Mission25% weightB67A90Higher
Risk15% weightB63A83Higher
Tradability15% weightB60A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA73HigherB66

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. QCMU 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 QCMU 78th 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 78CLRCUTradr 2X Long LRCX Daily ETFScore 52
  5. Rank 78CQCMUDirexion Daily QCOM Bull 2X ETFScore 52
  6. Rank 83CBABUDirexion Daily BABA Bull 2X ETFScore 51

Our read on each fund

ETF.net Research

QCMUCDirexion Daily QCOM Bull 2X ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

QCMU Qualcomm's daily move, doubled. Direxion packages 200% daily exposure to QCOM through swaps, with a matching bear fund for the other side of the trade. The leverage resets every day, which makes it a short-horizon tool by design.

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

QCMU The fund seeks daily investment results equal to 200% of the performance of QUALCOMM Incorporated common shares before fees and expenses.

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

  • QCMU Delivers the leveraged Qualcomm trade in a plain brokerage account: the fund aims for 200% of QCOM's daily move using swaps, no margin account or options chain required.direxion.com
  • Direxion runs a matched pair on the name, QCMU for 2X bull and QCMD for 1X bear, so switching sides of the Qualcomm story means switching tickers, not platforms.direxion.com
  • A fee waiver trims the 2.44% gross expense ratio to 1.07% net through September 1, 2027, a meaningful gap worth knowing about.
  • Scores in the upper tier of a crowded single-stock leveraged field on how tightly it hits its daily target and how it trades.
  • 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

  • QCMU Daily reset is the whole story: hold more than a day and compounding can push returns away from 2X QCOM's move over that stretch, in either direction. Losses are magnified too.direxion.com
  • Cost runs above the category median even after the waiver. Peers like OKTG (0.75%) and TSMG (0.76%) charge less with no waiver attached.
  • One company, one bet. Launched in 2025, so the track record is short, and it is a smaller, moderately traded fund where limit orders earn their keep.
  • 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 QCMU profile⁠

Full UNHG profile⁠

QCMU vs UNHG Holdings

How QCMU and UNHG differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for UNHG.

Country, concentration and asset class

Country by domicile

Country weights in QCMU and UNHG, widest gap first
CountryMore in QCMUMore in UNHG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • QCMU100.0%
  • UNHG213.5%

Securities held

  • QCMU2
  • UNHG1

Asset class

QCMU
Equity
UNHG
Equity

Holdings

  • Only in QCMU2
  • In both0
  • Only in UNHG1

Only in QCMU

2 securities, 24.0% of QCMU by weight

  • Goldman Finl Sq Trsry Inst 50615.16%
  • Qualcomm Inc8.80%

Only in UNHG

1 security, 13.5% of UNHG by weight

  • First American Treasury Obligations Fund 01/01/204013.47%

Weight gaps

QCMU and UNHG share no securities.

All 6 QCMU 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.

QCMU vs UNHG Cost

Overpaying QCMU vs UNHG

$4,986

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

  • QCMU 1.07%

    $19,815

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • QCMU 1.07%
  • 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$20K051015202530QCMU $19,815UNHG $14,829

Year by year

YearQCMUUNHGOverpaying
10$1,881$1,371$510
20$7,046$5,205$1,841
30$19,815$14,829$4,986

Expense ratio

  • 1.07%QCMU
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

QCMU 213th cheapest of 315 funds

QCMU vs UNHG Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
QCMU 3.52%
UNHG No data
Payout (12M)
QCMU $0.59
UNHG No data
Last payment
QCMU $0.14
UNHG $1.90
Ex-dividend
QCMU Sep 22, 2026
UNHG Dec 30, 2025
Paid on
QCMU Sep 29, 2026
UNHG Jan 2, 2026
Frequency
QCMU Quarterly
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

QCMUQuarterly · 5 paymentsAll QCMU payments⁠
One bar per payment. 5 payments from 2025 to 2026 YTD. Sep 23, 2025 $0.22; Dec 23, 2025 $0.21; Mar 24, 2026 $0.13; Jun 23, 2026 $0.12; Sep 22, 2026 $0.14. 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

QCMU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QCMU 131.0%since Jul 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
QCMU 0.30since Jul 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
QCMU −68.7%since Jun 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
QCMU 8.91UNHG 5.19

QCMU and UNHG in the news

All news⁠

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