Skip to content
etf.net

TXNU vs UNHG

Direxion Daily TXN Bull 2X ETF

TXNUCNYSE Arca

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.20pt a year

TXNU0.97%UNHG0.77%

Avg volume · 30D

UNHG 36.2×the volume

TXNU20.1KUNHG726K

TXNU vs UNHG Performance

Jul 31, 2026 – Nov 2, 2026

+14.8%TXNU−11.0%UNHG

Jul 31, 2026 to Nov 2, 2026. TXNU +14.8%. UNHG −11.0%. Use the arrow keys to read each point.−20%0%20%Jul 2026Sep 2026Nov 2026
Expense ratio
TXNU 0.97%
UNHG 0.77%, better
Fund size
TXNU $4M
UNHG $63M
1Y total return
TXNU No data
UNHG +8.4%
Holdings
TXNU 8
UNHG 5
Avg volume (30D)
TXNU 20.1K sh
UNHG 726K sh, better
NAV per share
TXNU $50.15
UNHG $20.57
52W range

ETF.net Grade

TXNU: Cost 54, Risk 86, Mission 83, Tradability 49, Holdings not scored, Durability 54. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for TXNU, UNHG, with each pillar’s weight
PillarTXNUUNHG
Cost30% weightC54B60Higher
Mission25% weightA83A90Higher
Risk15% weightA86HigherA83
Tradability15% weightC49A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC54B66Higher

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. TXNU 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 TXNU 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 123CTWSCCorgi TSM 2x Daily ETFScore 40
  5. Rank 123CTXNUDirexion Daily TXN Bull 2X ETFScore 40
  6. Rank 123CUCTXCorgi UCTT 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

TXNUCDirexion Daily TXN Bull 2X ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

TXNU Two-times daily exposure to Texas Instruments, the analog and embedded chip name rather than another AI accelerator. The leverage resets every day, which by design makes this a short-horizon tool.

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

TXNU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Texas Instruments Incorporated common shares.

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

  • TXNU Aims for 200% of Texas Instruments' daily share move, before fees and expenses. Leveraged exposure to the analog and embedded chip corner of semis, not the GPU crowd.direxion.com
  • Costs 0.97% net of a waiver through September 1, 2027 (0.99% gross), landing near the median fee for leveraged single-stock funds.
  • The leverage comes packaged in one ticker: no margin account to open, no options chain to navigate, no roll dates to track.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

  • TXNU Daily reset: hold past one day and returns compound off each close, so multi-day results can drift well away from 2x the stock's move, especially in choppy trading.direxion.com
  • Cheaper 2x single-stock funds exist, such as OKTG at 0.75% and TSMG at 0.76%, both without waivers, though each references a different company.
  • One company's news flow drives everything here, and light trading in smaller single-stock funds tends to show up as wider spreads.
  • 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 TXNU profile⁠

Full UNHG profile⁠

TXNU 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.

TXNU vs UNHG Cost

Overpaying TXNU vs UNHG

$3,369

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

  • TXNU 0.97%

    $18,198

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • TXNU 0.97%
  • 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$20K051015202530TXNU $18,198UNHG $14,829

Year by year

YearTXNUUNHGOverpaying
10$1,712$1,371$341
20$6,443$5,205$1,238
30$18,198$14,829$3,369

Expense ratio

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

UNHG 135th cheapest of 315 funds

TXNU 156th cheapest of 315 funds

TXNU vs UNHG Dividends

Last 12 months to Nov 2, 2026
Last payment
TXNU $0.34
UNHG $1.90
Ex-dividend
TXNU Sep 22, 2026
UNHG Dec 30, 2025
Paid on
TXNU Sep 29, 2026
UNHG Jan 2, 2026
Frequency
TXNU Quarterly
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

TXNUQuarterly · 2 paymentsAll TXNU payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Jun 23, 2026 $0.17; Sep 22, 2026 $0.34. Use the arrow keys to read each point.$0$22026YTD
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

TXNU vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TXNU No dataUNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
TXNU No dataUNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
TXNU No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
TXNU 9.92UNHG 5.19

Popular comparisons

  • TXNUCvsTSMGA

    Direxion Daily TXN Bull 2X ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.97% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsTSMGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.77% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TXNUCvsOKTGA

    Direxion Daily TXN Bull 2X ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.97% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsOKTGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.77% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TXNUCvsPANGA

    Direxion Daily TXN Bull 2X ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.97% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UNHGAvsPANGA

    Leverage Shares 2x Long UNH Daily ETF · Leverage Shares 2x Long PANW Daily ETF

    Expense ratio
    0.77% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.