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UBRL vs UNHG

GraniteShares 2x Long Uber Daily ETF

UBRLCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

UNHG −0.41pt a year

UBRL1.18%UNHG0.77%

Avg volume · 30D

UNHG 3.4×the volume

UBRL215KUNHG726K

UBRL vs UNHG Performance

Oct 31, 2025 – Nov 2, 2026

−61.0%UBRL+8.4%UNHG

Oct 31, 2025 to Nov 2, 2026. UBRL −61.0%. UNHG +8.4%. Use the arrow keys to read each point.−40%−20%20%40%Oct 2025May 2026Nov 2026
Expense ratio
UBRL 1.18%
UNHG 0.77%, better
Fund size
UBRL $28M
UNHG $63M
1Y total return
UBRL −61.0%
UNHG +8.4%, better
Holdings
UBRL 2
UNHG 5
Avg volume (30D)
UBRL 215K sh
UNHG 726K sh, better
NAV per share
UBRL $11.47
UNHG $20.57
52W range

ETF.net Grade

UBRL: Cost 37, Risk 55, Mission 87, Tradability 77, Holdings not scored, Durability 77. UNHG: Cost 60, Risk 83, Mission 90, Tradability 90, Holdings not scored, Durability 66.
Pillar letters and Scores for UBRL, UNHG, with each pillar’s weight
PillarUBRLUNHG
Cost30% weightD37B60Higher
Mission25% weightA87A90Higher
Risk15% weightB55A83Higher
Tradability15% weightA77A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA77HigherB66

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. UBRL 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 UBRL 76th 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 71CSOFADirexion Daily SOFI Bull 2X ETFScore 54
  5. Rank 76CUBRLGraniteShares 2x Long Uber Daily ETFScore 53
  6. Rank 76CUUUGLeverage Shares 2x Long UUUU Daily ETFScore 53

Our read on each fund

ETF.net Research

UBRLCGraniteShares 2x Long Uber Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

UBRL Two times Uber's daily move, in one ticker. GraniteShares points a swap at a single ride-hailing and delivery stock and resets the leverage every day, at 1.15% net of a waiver through December 31, 2026. Built as a trading tool, per its own factsheet.

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

UBRL The Fund seeks daily investment results equal to two times the daily percentage change in Uber Technologies Corporation's common stock, before fees and expenses.

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

  • UBRL A clean mandate: 2x the daily percentage change in Uber's common stock, before fees. No stock picking, no index committee, one number to watch.graniteshares.com
  • Day-to-day results have stayed close to that 2x daily target, one of the stronger implementations in the leveraged single-stock crowd.
  • Live since 2024 through plenty of Uber news flow, and traded enough on a normal day to absorb ordinary retail-size orders.
  • 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

  • UBRL Daily reset: hold longer than a day and compounding takes over, so multi-day results can land well above or below 2x Uber's move over the same stretch.graniteshares.com
  • Pricey for the aisle: 1.15% net of a waiver through December 31, 2026 (1.35% gross), against 0.75% at OKTG and 0.76% at TSMG.
  • One company, doubled. Uber-specific headlines (regulation, driver costs, robotaxi deals) hit roughly twice as hard, with no other holdings to cushion them.graniteshares.com
  • 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 UBRL profile⁠

Full UNHG profile⁠

UBRL 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.

UBRL vs UNHG Cost

Overpaying UBRL vs UNHG

$6,714

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

  • UBRL 1.18%

    $21,543

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • UBRL 1.18%
  • 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$20K$25K051015202530UBRL $21,543UNHG $14,829

Year by year

YearUBRLUNHGOverpaying
10$2,065$1,371$694
20$7,697$5,205$2,492
30$21,543$14,829$6,714

Expense ratio

  • 1.18%UBRL
  • 0.77%UNHG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

UNHG 135th cheapest of 315 funds

UBRL 224th cheapest of 315 funds

UBRL vs UNHG Dividends

Last 12 months to Nov 2, 2026
Last payment
UBRL $2.22
UNHG $1.90
Ex-dividend
UBRL Dec 29, 2025
UNHG Dec 30, 2025
Paid on
UBRL Dec 31, 2025
UNHG Jan 2, 2026
Frequency
UBRL Irregular
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

UBRLIrregular · 1 paymentAll UBRL payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 29, 2025 $2.22. Use the arrow keys to read each point.$0$2.502026YTD
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$2.502026YTD

UBRL vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
UBRL 50.6%since Oct 2024UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
UBRL −0.54since Oct 2024UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
UBRL −65.6%since Sep 2024UNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
UBRL 1.48UNHG 5.19

Popular comparisons

  • UBRLCvsTSMGA

    GraniteShares 2x Long Uber Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.18% · 0.76%
    Category
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  • UNHGAvsTSMGA

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

    Expense ratio
    0.77% · 0.76%
    Category
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  • UBRLCvsOKTGA

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    Expense ratio
    1.18% · 0.75%
    Category
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  • UNHGAvsOKTGA

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    Expense ratio
    0.77% · 0.75%
    Category
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  • UBRLCvsPANGA

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    Expense ratio
    1.18% · 0.76%
    Category
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  • UNHGAvsPANGA

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

    Expense ratio
    0.77% · 0.76%
    Category
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