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SNOU vs UNHG

T-REX 2X Long SNOW Daily Target ETF

SNOUDCboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

0.0%by weight

Expense ratio

UNHG −0.73pt a year

SNOU1.50%UNHG0.77%

Avg volume · 30D

UNHG 11.5×the volume

SNOU64.8KUNHG744K

SNOU vs UNHG Performance

Nov 7, 2025 – Nov 9, 2026

−24.7%SNOU+18.8%UNHG

Nov 7, 2025 to Nov 9, 2026. SNOU −24.7%. UNHG +18.8%. Use the arrow keys to read each point.−75%−50%0%50%Nov 2025May 2026Nov 2026
Expense ratio
SNOU 1.50%
UNHG 0.77%, better
Fund size
SNOU $14M
UNHG $73M
1Y total return
SNOU −24.7%
UNHG +18.8%, better
Holdings
SNOU 2
UNHG 6
Avg volume (30D)
SNOU 64.8K sh
UNHG 744K sh, better
NAV per share
SNOU $42.23
UNHG $19.20
52W range

ETF.net Grade

SNOU: Cost 12, Risk 60, Mission not scored, Tradability 49, Holdings not scored, Durability 66. UNHG: Cost 61, Risk 86, Mission 91, Tradability 91, Holdings not scored, Durability 67.
Pillar letters and Scores for SNOU, UNHG, with each pillar’s weight
PillarSNOUUNHG
Cost30% weightF12B61Higher
Mission25% weightNot scoredA91
Risk15% weightB60A86Higher
Tradability15% weightC49A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB66B67Higher

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. SNOU 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 SNOU 268th 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 268DPATXTradr 2X Long PATH Daily ETFScore 35
  4. Rank 268DSNOUT-REX 2X Long SNOW Daily Target ETFScore 35
  5. Rank 273DPULGraniteShares 2x Long P Daily ETFScore 34

Our read on each fund

ETF.net Research

SNOUDT-REX 2X Long SNOW Daily Target ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

SNOU 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

SNOU 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

SNOU 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

SNOU 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 SNOU profile⁠

Full UNHG profile⁠

SNOU vs UNHG Holdings

How SNOU and UNHG differ

Overlap by weight

0.0%

About this figure: SNOU gets much of its exposure from swaps and futures, which aren’t counted.

UNHG gets much of its exposure from swaps and futures, which aren’t counted.

Level by level

  • Holdings0 in both0.0%
  • Asset classStocks100%
  • Countryby domicile100%

Sector

No Sector split for SNOU and UNHG.

Country, concentration and asset class

Country by domicile

Country weights in SNOU and UNHG, widest gap first
CountryMore in SNOUMore in UNHGGap
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • SNOU209.7%
  • UNHG215.7%

Securities held

  • SNOU1
  • UNHG1

Asset class

SNOU
Stocks
UNHG
Stocks

Holdings

  • Only in SNOU1
  • In both0
  • Only in UNHG1

Only in SNOU

1 security, 9.5% of SNOU by weight

  • First American Government Obli First Am Gov Oblig X9.52%

Only in UNHG

1 security, 15.7% of UNHG by weight

  • First American Treasury Obligations Fund 01/01/204015.67%

Weight gaps

SNOU and UNHG share no securities.

All 3 SNOU holdings⁠All 6 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.

SNOU vs UNHG Cost

Overpaying SNOU vs UNHG

$11,454

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

  • SNOU 1.50%

    $26,283

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • SNOU 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$30K051015202530SNOU $26,283UNHG $14,829

Year by year

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

UNHG 135th cheapest of 312 funds

SNOU 271st cheapest of 312 funds

SNOU vs UNHG Dividends

Last 12 months to Nov 9, 2026
Last payment
SNOU $2.49
UNHG $1.90
Ex-dividend
SNOU Dec 24, 2025
UNHG Dec 30, 2025
Paid on
SNOU Dec 26, 2025
UNHG Jan 2, 2026
Frequency
SNOU Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

SNOUIrregular · 1 paymentAll SNOU payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 24, 2025 $2.49. Use the arrow keys to read each point.$0$2.502026YTD
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$2.502026YTD

SNOU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SNOU 197.8%since May 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
SNOU 0.72since May 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
SNOU −84.2%since Apr 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
SNOU 6.00UNHG 5.19

SNOU and UNHG in the news

All news⁠

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