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RDWU vs UNHG

T-REX 2X Long RDW Daily Target ETF

RDWUDCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.73pt a year

RDWU1.50%UNHG0.77%

Avg volume · 30D

RDWU 2.2×the volume

RDWU1.63MUNHG744K

RDWU vs UNHG Performance

Aug 7, 2026 – Nov 9, 2026

−72.6%RDWU−8.8%UNHG

Aug 7, 2026 to Nov 9, 2026. RDWU −72.6%. UNHG −8.8%. Use the arrow keys to read each point.−60%−40%−20%Aug 2026Sep 2026Nov 2026
Expense ratio
RDWU 1.50%
UNHG 0.77%, better
Fund size
RDWU $14M
UNHG $73M
1Y total return
RDWU No data
UNHG +18.8%
Holdings
RDWU 4
UNHG 6
Avg volume (30D)
RDWU 1.63M sh, better
UNHG 744K sh
NAV per share
RDWU $2.31
UNHG $19.20
52W range

ETF.net Grade

RDWU: Cost 12, Risk 29, Mission 96, Tradability 50, Holdings not scored, Durability 56. UNHG: Cost 61, Risk 86, Mission 91, Tradability 91, Holdings not scored, Durability 67.
Pillar letters and Scores for RDWU, UNHG, with each pillar’s weight
PillarRDWUUNHG
Cost30% weightF12B61Higher
Mission25% weightA96HigherA91
Risk15% weightD29A86Higher
Tradability15% weightC50A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB56B67Higher

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. RDWU 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 RDWU 291st 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 291DRCAXDaily Target 2X Long RCAT ETFScore 27
  4. Rank 291DRDWUT-REX 2X Long RDW Daily Target ETFScore 27
  5. Rank 291DRGTXDaily Target 2X Long RGTI ETFScore 27

Our read on each fund

ETF.net Research

RDWUDT-REX 2X Long RDW Daily Target ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

RDWU Leveraged single-stock funds mostly chase mega-cap tech. This one points 2x daily leverage at Redwire (RDW), an industrials name, and resets the exposure every single trading day.

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

RDWU The fund seeks to provide 200% of RDW's daily performance, offering short-term leveraged exposure to the company.

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

  • RDWU One job, stated plainly: it aims to deliver 200% of RDW's daily performance. No options overlay, no income sleeve, no hedge to decode.
  • Rare target. The leveraged single-stock shelf leans on mega-caps like GGLL, AAPU and AMDG; RDWU reaches into industrials instead.
  • Built as a registered 1940 Act fund, not a bank-issued note, so the exposure sits inside a standard ETF wrapper.rexshares.com
  • Trades actively for a fund with a small asset base, which matters when the whole point is getting in and out inside a session.
  • 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

  • RDWU The 1.50% expense ratio runs above the roughly 1% typical of its peer group, and well above 0.75% rivals like UNHG and ASMG.
  • Daily reset means the 2x math applies to one day at a time. Hold longer and compounding takes over, especially through choppy stretches.
  • Young and small: launched in 2026, so there is little history, and doubling a single smaller company's swings is about as concentrated as it gets.
  • 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 RDWU profile⁠

Full UNHG profile⁠

RDWU 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.

RDWU vs UNHG Cost

Overpaying RDWU vs UNHG

$11,454

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

  • RDWU 1.50%

    $26,283

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • RDWU 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$30K051015202530RDWU $26,283UNHG $14,829

Year by year

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

UNHG 135th cheapest of 312 funds

RDWU 271st cheapest of 312 funds

RDWU vs UNHG Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
RDWU None
UNHG No data
Last payment
RDWU No data
UNHG $1.90
Ex-dividend
RDWU No data
UNHG Dec 30, 2025
Paid on
RDWU No data
UNHG Jan 2, 2026
Frequency
RDWU No data
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

RDWUAll RDWU 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

RDWU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
RDWU No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
RDWU No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
RDWU No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
RDWU 2.14UNHG 5.19

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