Skip to content
etf.net

SBTU vs UNHG

T-REX 2X Long SBET Daily Target ETF

SBTUDCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.73pt a year

SBTU1.50%UNHG0.77%

Avg volume · 30D

UNHG 6.1×the volume

SBTU118KUNHG726K

SBTU vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−88.8%SBTU+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. SBTU −88.8%. UNHG +11.9%. Use the arrow keys to read each point.−50%−25%Oct 2025Apr 2026Oct 2026
Expense ratio
SBTU 1.50%
UNHG 0.77%, better
Fund size
SBTU $3M
UNHG $63M
1Y total return
SBTU −88.8%
UNHG +11.9%, better
Holdings
SBTU 2
UNHG 5
Avg volume (30D)
SBTU 118K sh
UNHG 726K sh, better
NAV per share
SBTU $27.34
UNHG $20.57
52W range

ETF.net Grade

SBTU: Cost 11, Risk 31, Mission not scored, Tradability 46, Holdings not scored, Durability 54. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for SBTU, UNHG, with each pillar’s weight
PillarSBTUUNHG
Cost30% weightF11B60Higher
Mission25% weightNot scoredA90
Risk15% weightD31A83Higher
Tradability15% weightC46A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC54B66Higher

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. SBTU 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 SBTU 289th 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 289DAKALT-REX 2X Long AKAM Daily Target ETFScore 27
  5. Rank 289DSBTUT-REX 2X Long SBET Daily Target ETFScore 27
  6. Rank 291DKTUPT-REX 2X Long KTOS Daily Target ETFScore 26

Our read on each fund

ETF.net Research

SBTUDT-REX 2X Long SBET Daily Target ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

SBTU No data

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

SBTU No data

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

SBTU No data

  • 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

SBTU No data

  • 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 SBTU profile⁠

Full UNHG profile⁠

SBTU 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.

SBTU vs UNHG Cost

Overpaying SBTU vs UNHG

$11,454

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

  • SBTU 1.50%

    $26,283

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • SBTU 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$30K051015202530SBTU $26,283UNHG $14,829

Year by year

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

UNHG 135th cheapest of 315 funds

SBTU 271st cheapest of 315 funds

SBTU vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

SBTUAll SBTU 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

SBTU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SBTU 151.3%since Nov 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
SBTU −0.71since Nov 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
SBTU −94.2%since Oct 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
SBTU 3.05UNHG 5.53

SBTU and UNHG in the news

All news⁠

Popular comparisons

  • SBTUDvsTSMGA

    T-REX 2X Long SBET Daily Target ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.50% · 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.

  • SBTUDvsOKTGA

    T-REX 2X Long SBET Daily Target ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.50% · 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.

  • SBTUDvsPANGA

    T-REX 2X Long SBET Daily Target ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    1.50% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsPANGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long PANW 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.