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SPOG vs UNHG

Leverage Shares 2x Long SPOT Daily ETF

SPOGCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

SPOG −0.02pt a year

SPOG0.75%UNHG0.77%

Avg volume · 30D

UNHG 20.5×the volume

SPOG35.5KUNHG726K

SPOG vs UNHG Performance

Dec 31, 2025 – Oct 30, 2026

−22.7%SPOG+22.2%UNHG

Dec 31, 2025 to Oct 30, 2026. SPOG −22.7%. UNHG +22.2%. Use the arrow keys to read each point.−60%−40%0%40%Dec 2025Jun 2026Oct 2026
Expense ratio
SPOG 0.75%, better
UNHG 0.77%
Fund size
SPOG $4M
UNHG $63M
1Y total return
SPOG No data
UNHG +11.9%
Holdings
SPOG 4
UNHG 5
Avg volume (30D)
SPOG 35.5K sh
UNHG 726K sh, better
NAV per share
SPOG $9.43
UNHG $20.57
52W range

ETF.net Grade

SPOG: Cost 70, Risk 64, Mission 81, Tradability 53, Holdings not scored, Durability 47. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for SPOG, UNHG, with each pillar’s weight
PillarSPOGUNHG
Cost30% weightA70HigherB60
Mission25% weightA81A90Higher
Risk15% weightB64A83Higher
Tradability15% weightC53A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC47B66Higher

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. SPOG 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 SPOG 123rd 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 123CSOFCCorgi SOFI 2x Daily ETFScore 40
  5. Rank 123CSPOGLeverage Shares 2x Long SPOT Daily ETFScore 40
  6. Rank 123CTELGLeverage Shares 2X Long TEL Daily ETFScore 40

Our read on each fund

ETF.net Research

SPOGCLeverage Shares 2x Long SPOT Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

SPOG Two-times daily Spotify in a single ticker. The leveraged single-stock aisle is stacked with chipmakers and megacap tech; SPOG points that same daily-reset machinery at a music-streaming stock, for 0.75% a year.

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

SPOG The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of Spotify Technology S.A. stock.

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

  • SPOG Delivers 200% of Spotify's daily move in an ordinary 1940 Act ETF. No margin account, no options chain, no borrow to arrange.leverageshares.com
  • At 0.75% a year it comes in under the typical 2x single-stock fund, and matches Leverage Shares stablemates like ASMG and UNHG on price.
  • Fills a gap on a crowded shelf: the biggest 2x single-stock funds track chips and megacap tech, not a subscription-streaming name like Spotify.
  • 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

  • SPOG The 2x target resets daily. Hold past a day and your result follows the compounding path, so choppy stretches can drag while sustained trends amplify.
  • One stock, doubled. Earnings night, a subscriber surprise, or a management shakeup lands twice as hard here as it does in SPOT shares.
  • Launched in November 2025, so it is one of the newer tickets in this category, with a shorter trading record than the long-running megacap leveraged funds.
  • 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 SPOG profile⁠

Full UNHG profile⁠

SPOG 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.

SPOG vs UNHG Cost

Overpaying UNHG vs SPOG

$347

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

  • SPOG 0.75%

    $14,482

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • SPOG 0.75%
  • 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$15K051015202530UNHG $14,829SPOG $14,482

Year by year

YearSPOGUNHGOverpaying
10$1,336$1,371$35
20$5,078$5,205$127
30$14,482$14,829$347

Expense ratio

  • 0.75%SPOG, cheaper
  • 0.77%UNHG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

SPOG 87th cheapest of 315 funds

UNHG 135th cheapest of 315 funds

SPOG vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

SPOGAll SPOG 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

SPOG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SPOG No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
SPOG No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
SPOG No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
SPOG 0.06UNHG 5.53

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