TDAX vs UNHW

TDAXCTDAQ Lift ETF

UNHWBRoundhill UNH WeeklyPay ETF

In short

TDAX Leverage with the volume turned down. TDAX aims for 130% of the daily move of TappAlpha's Nasdaq-100 daily-call income ETF, and it pays monthly. Fee is 0.97% net of a waiver through April 30, 2028, against 1.59% gross.

UNHW Most single-stock leverage funds reset daily. UNHW works on the calendar week, aiming for 1.2 times UnitedHealth's weekly total return before fees, with weekly payouts written into the mandate.

Stated mandate

TDAX The fund seeks daily leveraged investment results by magnifying 130% of the daily performance of the TappAlpha Innovation 100 Growth & Daily Income ETF.

UNHW UNHW seeks weekly distributions and calendar-week returns, before fees and expenses, equal to 1.2 times the calendar-week total return of UnitedHealth Group common shares.

Why people hold it

• TDAX The multiple is 130%, not 200% or 300%. Same daily-reset machinery as the 2x and 3x crowd, dialed to a gentler setting.sec.gov
• It levers a basket, not a single name: TDAQ holds Nasdaq-100 exposure and writes same-day calls, so one earnings miss doesn't own the whole trade.tappalphafunds.com
• At 0.97% net of a waiver through April 30, 2028, it sits under single-stock income peers AAPW and MSFW at 1.00% and TSYX at 0.98%, and near the category's typical fee.
• Distributions arrive monthly, carried up from the income engine underneath.tappalphafunds.com

• UNHW The reset runs calendar week to calendar week, not day to day: the stated target is 1.2x UNH's weekly total return before fees and expenses.
• 1.2x is a low dial in a cohort where 2x is the default (UNHG, GGLL and AAPU all run double). Less amplification, in both directions.
• Payouts are part of the design, not an afterthought: the fund seeks weekly distributions alongside the leveraged UNH exposure.
• The 0.99% fee sits a touch under the typical leveraged single-stock fund, and the overall build rates in the upper tier of that crowded group.

Worth knowing

• TDAX Exposure resets each close. Over longer stretches your result is compounded daily moves, which the prospectus says will very likely differ from 130% of TDAQ's return.sec.gov
• TDAQ sells calls expiring the same day, which trims how much of a big up-move passes through. TDAX magnifies what's left, not the index's full move.tappalphafunds.com
• The 0.97% is net of a waiver running to April 30, 2028; the stated gross figure is 1.59%. Launched January 2026, so the live record is short.

• UNHW Leverage compounds. Hold beyond a single week and results can drift away from 1.2x UNH, especially after choppy stretches.
• One stock, one sector: UnitedHealth earnings and health care policy headlines drive everything here.
• It launched in December 2025 and trades lightly, so spreads can run wider than in the cohort's household names.

Full TDAX profile⁠

Full UNHW profile⁠