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TSMX vs UNHG

Direxion Daily TSM Bull 2X ETF

TSMXBNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.22pt a year

TSMX0.99%UNHG0.77%

Avg volume · 30D

UNHG 1.2×the volume

TSMX626KUNHG726K

TSMX vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

+42.1%TSMX+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. TSMX +42.1%. UNHG +11.9%. Use the arrow keys to read each point.−50%−25%75%100%Oct 2025Apr 2026Oct 2026
Expense ratio
TSMX 0.99%
UNHG 0.77%, better
Fund size
TSMX $553M
UNHG $63M
1Y total return
TSMX +42.1%, better
UNHG +11.9%
Yield (12M)
TSMX 6.13%
UNHG No data
Holdings
TSMX 9
UNHG 5
Avg volume (30D)
TSMX 626K sh
UNHG 726K sh, better
NAV per share
TSMX $79.33
UNHG $20.57
52W range

ETF.net Grade

TSMX: Cost 48, Risk 84, Mission 97, Tradability 65, Holdings not scored, Durability 86. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for TSMX, UNHG, with each pillar’s weight
PillarTSMXUNHG
Cost30% weightC48B60Higher
Mission25% weightA97HigherA90
Risk15% weightA84HigherA83
Tradability15% weightB65A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA86HigherB66

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. TSMX 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 TSMX 25th 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 25BSTXULeverage Shares 2X Long STX Daily ETFScore 63
  5. Rank 25BTSMXDirexion Daily TSM Bull 2X ETFScore 63
  6. Rank 29BHOOXDaily Target 2X Long HOOD ETFScore 62

Our read on each fund

ETF.net Research

TSMXBDirexion Daily TSM Bull 2X ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

TSMX Double-speed Taiwan Semiconductor, one trading day at a time. TSMX aims to deliver 200% of the stock's daily move, resets every night, and charges a fraction of what the only other 2x TSM bull fund does.

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

TSMX The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Taiwan Semiconductor Manufacturing Co Ltd common shares. It is designed for a single day and does not seek to provide that multiple over longer periods.

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

  • TSMX At 0.99% a year it undercuts the only other 2x TSM bull ETF (TSMU, at 2.45%), so less of each day's gross move disappears into the fee.
  • Stays close to its stated 200%-of-daily-move target, one of the tighter implementations among leveraged single-stock funds.
  • Actively traded for a leveraged single-stock fund, which matters when the whole design assumes same-day entries and exits.
  • The leverage sits inside the fund wrapper: no margin account to open, no stock to borrow, and no exposure beyond the amount invested.direxion.com
  • 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

  • TSMX The 200% target covers a single day. Hold longer and compounding takes over, so multi-day results can drift far from twice Taiwan Semiconductor's move.
  • Cheap for this cohort, but 0.99% a year is heavy next to plain index funds, and it accrues whether the stock rises or falls.
  • One company, doubled: no diversification cushion, so anything specific to Taiwan Semiconductor lands at twice the size. The fund itself only dates to 2024.
  • 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 TSMX profile⁠

Full UNHG profile⁠

TSMX 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.

TSMX vs UNHG Cost

Overpaying TSMX vs UNHG

$3,696

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

  • TSMX 0.99%

    $18,525

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • TSMX 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$20K051015202530TSMX $18,525UNHG $14,829

Year by year

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

Expense ratio

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

UNHG 135th cheapest of 315 funds

TSMX 169th cheapest of 315 funds

TSMX vs UNHG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TSMX 6.13%
UNHG No data
Payout (12M)
TSMX $4.28
UNHG No data
Last payment
TSMX $0.32
UNHG $1.90
Ex-dividend
TSMX Sep 22, 2026
UNHG Dec 30, 2025
Paid on
TSMX Sep 29, 2026
UNHG Jan 2, 2026
Frequency
TSMX Quarterly
UNHG Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

TSMXQuarterly · 9 paymentsAll TSMX payments⁠
One bar per payment. 9 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.16; Mar 25, 2025 $0.14; Jun 24, 2025 $0.26; Sep 23, 2025 $0.19; Dec 10, 2025 $3.11; Dec 23, 2025 $0.26; Mar 24, 2026 $0.24; Jun 23, 2026 $0.36; Sep 22, 2026 $0.32. Use the arrow keys to read each point.$0$2.502026YTD
UNHGIrregular · 1 paymentAll UNHG payments⁠
One bar per payment. 1 payment from 2024 to 2026 YTD. Dec 30, 2025 $1.90. Use the arrow keys to read each point.$0$2.502026YTD

TSMX vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TSMX 73.2%since Nov 2024UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
TSMX 0.98since Nov 2024UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
TSMX −63.8%since Oct 2024UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
TSMX 3.06UNHG 5.53

Popular comparisons

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