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STMX vs UNHG

Leverage Shares 2X Long STM Daily ETF

STMX—Cboe

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.22pt a year

STMX0.99%UNHG0.77%

Avg volume · 30D

UNHG 170.9×the volume

STMX4.25KUNHG726K

STMX vs UNHG Performance

Sep 30, 2026 – Oct 30, 2026

−27.6%STMX+19.4%UNHG

Sep 30, 2026 to Oct 30, 2026. STMX −27.6%. UNHG +19.4%. Use the arrow keys to read each point.−20%−10%0%10%30%Sep 30Oct 15Oct 30
Expense ratio
STMX 0.99%
UNHG 0.77%, better
Fund size
STMX $0
UNHG $63M
1Y total return
STMX No data
UNHG +11.9%
Holdings
STMX 4
UNHG 5
Avg volume (30D)
STMX 4.25K sh
UNHG 726K sh, better
NAV per share
STMX $11.02
UNHG $20.57
52W range

ETF.net Grade

  • —STMXNot yet graded
UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for STMX, UNHG, with each pillar’s weight
PillarSTMXUNHG
Cost30% weightNot scoredB60
Mission25% weightNot scoredA90
Risk15% weightNot scoredA83
Tradability15% weightNot scoredA91
Holdings10% weightNot scoredNot scored
Durability5% weightNot scoredB66

Rank among Single-Stock Long Leveraged funds

How we build Categories ›

Single-Stock Long Leveraged⁠

Category · 315 funds
See all 315 ›

UNHG ranks 2nd 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. STMXNot yet graded

Our read on each fund

ETF.net Research

STMX—Leverage Shares 2X Long STM Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

STMX 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

STMX 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

STMX 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

STMX 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 STMX profile⁠

Full UNHG profile⁠

STMX 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.

STMX vs UNHG Cost

Overpaying STMX vs UNHG

$3,696

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

  • STMX 0.99%

    $18,525

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • STMX 0.99%
  • 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$20K051015202530STMX $18,525UNHG $14,829

Year by year

YearSTMXUNHGOverpaying
10$1,746$1,371$375
20$6,565$5,205$1,360
30$18,525$14,829$3,696

Expense ratio

  • 0.99%STMX
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

STMX 169th cheapest of 315 funds

STMX vs UNHG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

STMXAll STMX 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

STMX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
STMX No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
STMX No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
STMX No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
STMX 0.00UNHG 5.53

Popular comparisons

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    Category
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