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RKLX vs UNHG

Daily Target 2X Long RKLB ETF

RKLXDNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.86pt a year

RKLX1.63%UNHG0.77%

Avg volume · 30D

RKLX 4.0×the volume

RKLX2.93MUNHG726K

RKLX vs UNHG Performance

Oct 31, 2025 – Nov 2, 2026

−77.7%RKLX+8.4%UNHG

Oct 31, 2025 to Nov 2, 2026. RKLX −77.7%. UNHG +8.4%. Use the arrow keys to read each point.50%100%150%200%Oct 2025May 2026Nov 2026
Expense ratio
RKLX 1.63%
UNHG 0.77%, better
Fund size
RKLX $122M
UNHG $63M
1Y total return
RKLX −77.7%
UNHG +8.4%, better
Holdings
RKLX 10
UNHG 5
Avg volume (30D)
RKLX 2.93M sh, better
UNHG 726K sh
NAV per share
RKLX $9.83
UNHG $20.57
52W range

ETF.net Grade

RKLX: Cost 2, Risk 38, Mission 93, Tradability 84, Holdings not scored, Durability 79. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for RKLX, UNHG, with each pillar’s weight
PillarRKLXUNHG
Cost30% weightF2B60Higher
Mission25% weightA93HigherA90
Risk15% weightD38A83Higher
Tradability15% weightA84A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA79HigherB66

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. RKLX 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 RKLX 261st 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 261DPATXTradr 2X Long PATH Daily ETFScore 35
  5. Rank 261DRKLXDaily Target 2X Long RKLB ETFScore 35
  6. Rank 261DTDCLGraniteShares 2x Long TDC Daily ETFScore 35

Our read on each fund

ETF.net Research

RKLXDDaily Target 2X Long RKLB ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

RKLX One ticker that turns Rocket Lab into a two-times day trade: RKLX targets 2x RKLB's daily move, resets every night, and charges 1.63%. Pure single-name space-launch leverage, built for days, not quarters.

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

RKLX The Fund seeks daily results equal to two times the daily percentage change in Rocket Lab Corporation's share price, 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

  • RKLX Mechanically simple: derivatives sized to deliver twice RKLB's daily percentage change before fees and expenses, rebalanced each day. The fund has tracked that daily target closely.defianceetfs.com
  • Amplified Rocket Lab exposure without a margin account, just one ticker in a brokerage account. Defiance also runs a 2x short RKLB fund (RKLZ), so either direction is on the menu.nasdaq.cometfgi.com
  • Among the more actively traded single-stock leveraged funds, so getting in and out mid-session is usually the easy part.
  • 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

  • RKLX The 1.63% fee sits above the category median and well above top-scoring 2x single-stock peers such as OKTG (0.75%) and TSMG (0.76%).
  • Daily reset brings path dependency: over a choppy stretch, results can diverge meaningfully from twice RKLB's move across that same stretch.defianceetfs.com
  • One stock, doubled. Launch cadence, contracts and earnings at Rocket Lab drive the entire position, with no diversification to soften a rough day.
  • 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 RKLX profile⁠

Full UNHG profile⁠

RKLX 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.

RKLX vs UNHG Cost

Overpaying RKLX vs UNHG

$13,264

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

  • RKLX 1.63%

    $28,093

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • RKLX 1.63%
  • 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$30K051015202530RKLX $28,093UNHG $14,829

Year by year

YearRKLXUNHGOverpaying
10$2,799$1,371$1,428
20$10,230$5,205$5,025
30$28,093$14,829$13,264

Expense ratio

  • 1.63%RKLX
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

RKLX 306th cheapest of 315 funds

RKLX vs UNHG Dividends

Last 12 months to Nov 2, 2026
Last payment
RKLX $5.95
UNHG $1.90
Ex-dividend
RKLX Dec 30, 2025
UNHG Dec 30, 2025
Paid on
RKLX Dec 31, 2025
UNHG Jan 2, 2026
Frequency
RKLX Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

RKLXIrregular · 1 paymentAll RKLX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $5.95. Use the arrow keys to read each point.$0$52026YTD
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$52026YTD

RKLX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
RKLX 217.6%since Apr 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
RKLX 1.04since Apr 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
RKLX −92.3%since Mar 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
RKLX 8.46UNHG 5.19

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