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RVNL vs UNHG

GraniteShares 2x Long RIVN Daily ETF

RVNLCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.45pt a year

RVNL1.22%UNHG0.77%

Avg volume · 30D

UNHG 6.8×the volume

RVNL109KUNHG744K

RVNL vs UNHG Performance

Nov 7, 2025 – Nov 9, 2026

−52.6%RVNL+18.8%UNHG

Nov 7, 2025 to Nov 9, 2026. RVNL −52.6%. UNHG +18.8%. Use the arrow keys to read each point.0%50%100%Nov 2025May 2026Nov 2026
Expense ratio
RVNL 1.22%
UNHG 0.77%, better
Fund size
RVNL $14M
UNHG $73M
1Y total return
RVNL −52.6%
UNHG +18.8%, better
Holdings
RVNL 2
UNHG 6
Avg volume (30D)
RVNL 109K sh
UNHG 744K sh, better
NAV per share
RVNL $16.72
UNHG $19.20
52W range

ETF.net Grade

RVNL: Cost 38, Risk 56, Mission 95, Tradability 74, Holdings not scored, Durability 70. UNHG: Cost 61, Risk 86, Mission 91, Tradability 91, Holdings not scored, Durability 67.
Pillar letters and Scores for RVNL, UNHG, with each pillar’s weight
PillarRVNLUNHG
Cost30% weightD38B61Higher
Mission25% weightA95HigherA91
Risk15% weightB56A86Higher
Tradability15% weightA74A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA70HigherB67

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. RVNL 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 RVNL 81st 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 81CQCMUDirexion Daily QCOM Bull 2X ETFScore 52
  4. Rank 81CRVNLGraniteShares 2x Long RIVN Daily ETFScore 52
  5. Rank 84CBEXTradr 2X Long BE Daily ETFScore 51

Our read on each fund

ETF.net Research

RVNLCGraniteShares 2x Long RIVN Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

RVNL One lever, one stock: RVNL aims to deliver 2x Rivian's daily move, reset every trading day. The fee is 1.15% net of a waiver through December 31, 2026, against a 7.90% gross.

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

RVNL The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change of Rivian Automotive Inc. It is not designed to deliver twice the cumulative return over periods longer than one day.

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

  • RVNL Sticks closely to its stated 2x daily target, one of the stronger implementations in a crowded field of 2x single-stock funds.
  • Leverage comes from swap agreements held inside the fund, so the amplified exposure sits in an ordinary brokerage account instead of a margin account.sec.gov
  • Most single-stock leverage points at mega-caps. This one aims at Rivian, the electric-vehicle maker, in a ticker that trades like a stock.graniteshares.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

  • RVNL The 2x target resets daily. Hold longer and the result can drift well away from twice Rivian's move over the same stretch, especially in choppy markets.
  • At 1.15%, net of a waiver through December 31, 2026, the fee sits above the category median. Gross is 7.90%, so the waiver is doing real work.
  • Swap-based leverage carries counterparty risk, the fund is small by category standards, and it has made no distributions since launching in 2025.sec.gov
  • 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 RVNL profile⁠

Full UNHG profile⁠

RVNL 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.

RVNL vs UNHG Cost

Overpaying RVNL vs UNHG

$7,329

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

  • RVNL 1.22%

    $22,158

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • RVNL 1.22%
  • 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$20K$25K051015202530RVNL $22,158UNHG $14,829

Year by year

YearRVNLUNHGOverpaying
10$2,131$1,371$760
20$7,931$5,205$2,726
30$22,158$14,829$7,329

Expense ratio

  • 1.22%RVNL
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 312 funds

RVNL 227th cheapest of 312 funds

RVNL vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

RVNLAll RVNL 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

RVNL vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
RVNL 77.6%since May 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
RVNL −0.50since May 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
RVNL −83.6%since Apr 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
RVNL 0.73UNHG 5.19

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