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SOFX vs UNHG

Daily Target 2X Long SOFI ETF

SOFXCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.56pt a year

SOFX1.33%UNHG0.77%

Avg volume · 30D

SOFX 1.9×the volume

SOFX1.39MUNHG726K

SOFX vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−81.7%SOFX+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. SOFX −81.7%. UNHG +11.9%. Use the arrow keys to read each point.−50%−25%Oct 2025Apr 2026Oct 2026
Expense ratio
SOFX 1.33%
UNHG 0.77%, better
Fund size
SOFX $59M
UNHG $63M
1Y total return
SOFX −81.7%
UNHG +11.9%, better
Holdings
SOFX 10
UNHG 5
Avg volume (30D)
SOFX 1.39M sh, better
UNHG 726K sh
NAV per share
SOFX $7.47
UNHG $20.57
52W range

ETF.net Grade

SOFX: Cost 22, Risk 35, Mission 88, Tradability 74, Holdings not scored, Durability 78. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for SOFX, UNHG, with each pillar’s weight
PillarSOFXUNHG
Cost30% weightF22B60Higher
Mission25% weightA88A90Higher
Risk15% weightD35A83Higher
Tradability15% weightA74A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA78HigherB66

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. SOFX 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 SOFX 118th 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 118CSNXXTradr 2X Long SNDK Daily ETFScore 41
  5. Rank 118CSOFXDaily Target 2X Long SOFI ETFScore 41
  6. Rank 118CWDCXTradr 2X Long WDC Daily ETFScore 41

Our read on each fund

ETF.net Research

SOFXCDaily Target 2X Long SOFI ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

SOFX Defiance got here first: SOFX has aimed for twice SoFi's daily move since January 2025, more than a year before Direxion's rival landed. Swaps do the work, and the leverage resets every single day.

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

SOFX The fund seeks daily results equal to twice the daily percentage change in SoFi Technologies, Inc.'s share price.

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

  • SOFX Launched January 2025, beating the only other 2x SOFI fund (Direxion's SOFA, February 2026) to market by more than a year.direxion.com
  • Narrow job, done tightly: daily results have tracked the stated twice-SOFI target closely, and the fund trades actively enough for short-hold positioning.
  • A swap-based book pegged to one stock. No index, no basket: SoFi's tape doubled, recalculated each day.defianceetfs.com
  • Sits in the upper half of a single-stock leveraged bull field that runs to hundreds of funds.
  • 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

  • SOFX 1.33% a year with no waiver trimming it, above the typical fee in this category. Direxion's SOFA charges 0.97% net of a waiver through September 1, 2027.
  • Leverage resets daily, so results over longer stretches can drift from twice SOFI's move. Defiance itself says not to expect 2x cumulative returns past a day.defianceetfs.com
  • One stock, doubled. Any SoFi earnings jolt or headline lands here at twice the size, in both directions.
  • 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 SOFX profile⁠

Full UNHG profile⁠

SOFX 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.

SOFX vs UNHG Cost

Overpaying SOFX vs UNHG

$8,988

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

  • SOFX 1.33%

    $23,817

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • SOFX 1.33%
  • 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$25K051015202530SOFX $23,817UNHG $14,829

Year by year

YearSOFXUNHGOverpaying
10$2,313$1,371$942
20$8,564$5,205$3,359
30$23,817$14,829$8,988

Expense ratio

  • 1.33%SOFX
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

SOFX 248th cheapest of 315 funds

SOFX vs UNHG Dividends

Last 12 months to Oct 30, 2026
Last payment
SOFX $3.60
UNHG $1.90
Ex-dividend
SOFX Dec 30, 2025
UNHG Dec 30, 2025
Paid on
SOFX Dec 31, 2025
UNHG Jan 2, 2026
Frequency
SOFX Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

SOFXIrregular · 1 paymentAll SOFX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $3.60. 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

SOFX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SOFX 102.4%since Feb 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
SOFX −0.07since Feb 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
SOFX −88.1%since Jan 2025UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
SOFX 4.56UNHG 5.53

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