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SOFA vs UNHG

Direxion Daily SOFI Bull 2X ETF

SOFACNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

0.0%by weight

Expense ratio

UNHG −0.20pt a year

SOFA0.97%UNHG0.77%

Avg volume · 30D

UNHG 9.2×the volume

SOFA78.8KUNHG726K

SOFA vs UNHG Performance

Jul 31, 2026 – Oct 30, 2026

−5.1%SOFA−8.1%UNHG

Jul 31, 2026 to Oct 30, 2026. SOFA −5.1%. UNHG −8.1%. Use the arrow keys to read each point.−30%−20%10%20%30%Jul 2026Sep 2026Oct 2026
Expense ratio
SOFA 0.97%
UNHG 0.77%, better
Fund size
SOFA $13M
UNHG $63M
1Y total return
SOFA No data
UNHG +11.9%
Holdings
SOFA 8
UNHG 5
Avg volume (30D)
SOFA 78.8K sh
UNHG 726K sh, better
NAV per share
SOFA $12.55
UNHG $20.57
52W range

ETF.net Grade

SOFA: Cost 54, Risk 60, Mission 87, Tradability 45, Holdings not scored, Durability 64. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for SOFA, UNHG, with each pillar’s weight
PillarSOFAUNHG
Cost30% weightC54B60Higher
Mission25% weightA87A90Higher
Risk15% weightB60A83Higher
Tradability15% weightC45A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB64B66Higher

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. SOFA 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 SOFA 71st 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 71CGOOXT-REX 2X Long Alphabet Daily Target ETFScore 54
  5. Rank 71CSOFADirexion Daily SOFI Bull 2X ETFScore 54
  6. Rank 76CUBRLGraniteShares 2x Long Uber Daily ETFScore 53

Our read on each fund

ETF.net Research

SOFACDirexion Daily SOFI Bull 2X ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

SOFA Two ETFs chase 2x the daily move in SoFi stock. SOFA is the cheaper one at 0.97% net of a waiver through September 1, 2027. A one-day instrument with a daily reset, not a set-and-forget stake in the stock.

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

SOFA The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of SoFi Technologies, Inc.'s common shares.

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

  • SOFA 0.97% net of a waiver through September 1, 2027 (0.99% gross) against 1.33% for SOFX, the other 2x SoFi daily fund. Same reference stock, lower toll.
  • The mandate is plain: 200% of SoFi Technologies' daily share move, before fees and expenses. One stock, one multiple, spelled out in the fund's own documents.direxion.com
  • Since its February 2026 launch it has tracked that daily 2x target closely, putting it among the stronger implementations in the leveraged single-stock bull group.
  • 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

  • SOFA The 2x target resets every day. Hold longer and compounding pulls results away from 2x SoFi's move over the same stretch, most sharply when the stock whipsaws.direxion.com
  • A small fund with moderate volume and a short record, so trading costs can run wider than on the household-name leveraged ETFs.
  • Pricing sits near the middle of the leveraged single-stock pack, not the cheap end: OKTG, a 2x fund on a different stock, charges 0.75%.
  • 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 SOFA profile⁠

Full UNHG profile⁠

SOFA vs UNHG Holdings

How SOFA and UNHG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of SOFA and 0.0% of UNHG.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for SOFA and UNHG.

Country, concentration and asset class

Country by domicile

Country weights in SOFA and UNHG, widest gap first
CountryMore in SOFAMore in UNHG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • SOFA100.0%
  • UNHG212.0%

Securities held

  • SOFA3
  • UNHG1

Asset class

SOFA
Equity
UNHG
Equity

Holdings

  • Only in SOFA3
  • In both0
  • Only in UNHG1

Only in SOFA

3 securities, 17.7% of SOFA by weight

  • Goldman Sachs Fin Gov 465 Institut8.41%
  • Sofi Technologies Inc7.43%
  • Goldman Finl Sq Trsry Inst 5061.85%

Only in UNHG

1 security, 12.0% of UNHG by weight

  • First American Treasury Obligations Fund 01/01/204011.99%

Weight gaps

SOFA and UNHG share no securities.

All SOFA holdings⁠All 5 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.

SOFA vs UNHG Cost

Overpaying SOFA vs UNHG

$3,369

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

  • SOFA 0.97%

    $18,198

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • SOFA 0.97%
  • 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$20K051015202530SOFA $18,198UNHG $14,829

Year by year

YearSOFAUNHGOverpaying
10$1,712$1,371$341
20$6,443$5,205$1,238
30$18,198$14,829$3,369

Expense ratio

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

UNHG 135th cheapest of 315 funds

SOFA 156th cheapest of 315 funds

SOFA vs UNHG Dividends

Last 12 months to Oct 30, 2026
Last payment
SOFA $0.06
UNHG $1.90
Ex-dividend
SOFA Sep 22, 2026
UNHG Dec 30, 2025
Paid on
SOFA Sep 29, 2026
UNHG Jan 2, 2026
Frequency
SOFA Quarterly
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

SOFAQuarterly · 3 paymentsAll SOFA payments⁠
One bar per payment. 3 payments from 2025 to 2026 YTD. Mar 24, 2026 $0.05; Jun 23, 2026 $0.05; Sep 22, 2026 $0.06. Use the arrow keys to read each point.$0$22026YTD
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

SOFA vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SOFA No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
SOFA No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
SOFA No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
SOFA 1.96UNHG 5.53

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