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UNHG vs UNHU: which held to its multiple?

Over the days both have traded, UNHG finished 0.9 points from its stated multiple and UNHU 1.1. Leverage Shares 2X Long UNH Daily ETF and Direxion Daily UNH Bull 2X ETF.

−28.8%
UNHG returned, 3 months
−28.1%
UNHU returned, 3 months
−1.9 pts
UNHG from its stated multiple
−1.2 pts
UNHU from its stated multiple
UNHG · 3 months to Sep 30, 20261.9 pts short of its stated multiple
1.9 pts short of its stated multipleUNHG returned −28.8% while 2 times UNH's move would have been −26.8%UNH −13.4% ×2 implies−26.8%UNHG returned−28.8%1.9 pts short of its stated multipleUNHG returned −28.8% while 2 times UNH's move would have been −26.8%UNH −13.4% ×2 implies−26.8%UNHG returned−28.8%

UNHG returned −28.8% while 2 times UNH's move would have been −26.8%

UNHU · 3 months to Sep 30, 20261.2 pts short of its stated multiple
1.2 pts short of its stated multipleUNHU returned −28.1% while 2 times UNH's move would have been −26.8%UNH −13.4% ×2 implies−26.8%UNHU returned−28.1%1.2 pts short of its stated multipleUNHU returned −28.1% while 2 times UNH's move would have been −26.8%UNH −13.4% ×2 implies−26.8%UNHU returned−28.1%

UNHU returned −28.1% while 2 times UNH's move would have been −26.8%

ETFIQ Decay Resistance Score · UNHU scores higherDid it keep up with its own daily multiple, compounded day by day?
0.1, the lowest in this set99.9, the highest

A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

Total returnMultiple would giveDifference
WindowUNHGUNHUUNHGUNHUUNHGUNHU
1 month−11.2%−11.4%−10.3%−10.3%−0.9 pts−1.1 pts
3 months−28.8%−28.1%−26.8%−26.8%−1.9 pts−1.2 pts
6 months+64.4%+68.3%+71.1%+71.1%−6.7 pts−2.8 pts
1 year−9.9%not published+18.3%not published−28.2 ptsnot published
Since launch
UNHG Jul 2025 · UNHU Mar 2026
+24.3%+70.9%+66.0%+74.5%−41.7 pts−3.7 pts

UNHG and UNHU over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

UNHG
Leverage Shares 2X Long UNH Daily ETF · Aims to return twice the daily move of UnitedHealth (UNH)
UNHU
Direxion Daily UNH Bull 2X ETF · Aims to return twice the daily move of UnitedHealth (UNH)
Issuer Leverage Shares Direxion
Sets out to return +2x +2x
Underlying asset UNH UNH
Segment company company
Fund returned, 3 months or since launch −28.8% −28.1%
Underlying returned, over that window −13.4% −13.4%
What the stated multiple implies, over that window −26.8% −26.8%
Difference from stated, over that window −1.9 pts −1.2 pts
Fund returned, 1 year or since launch −9.9% +70.9%
Difference from stated, over that window −28.2 pts −3.7 pts
Underlying volatility 22% 22%
Difference over the days both have traded −0.9 pts −1.1 pts
Expense ratio 0.77% 0.97%
Launched Jul 22, 2025 Mar 25, 2026
Net assets $61m $3m

UNHG and UNHU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

UNHG in plain words

Three months to Sep 30, 2026: UNHG returned −28.8% where its own daily promise gave −25.9%, 2.8 points short. Read the multiple against the whole window instead and 2 times UNH's −13.4% implies −26.8%, which makes UNHG look 1.9 points short. 0.9 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. UNHG aims to return +2 times UNH's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. UNH moved at 22% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

UNHU in plain words

Three months to Sep 30, 2026: UNHU returned −28.1% where its own daily promise gave −25.9%, 2.2 points short. Read the multiple against the whole window instead and 2 times UNH's −13.4% implies −26.8%, which makes UNHU look 1.2 points short. UNHU aims to return +2 times UNH's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, UNHG or UNHU?
Over the window to Sep 30, 2026, UNHG finished 1.9 points from what its multiple implies and UNHU finished 1.2 points from its own, so UNHU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are UNHG and UNHU levered on the same thing?
Yes. Both are levered on UnitedHealth, UNHG at +2 times and UNHU at +2 times the daily move.
Which one decays faster, UNHG or UNHU?
Decay follows how much the underlying moves about. Over this window UNHG’s moved at 22% annualized and UNHU’s at 22%, so UNHG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold UNHG or UNHU for a year?
Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Which is cheaper, UNHG or UNHU?
UNHG charges 0.77% a year and UNHU charges 0.97%, so UNHG is cheaper. Fees come from each fund's prospectus.
Other comparisons
UNHG vs UNUNHU vs UN
UNHG on its own →UNHU on its own →How every figure is computed →Standards and sources →
Where these figures came from
UNHG filings on SEC EDGAR ↗UNHG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗UNHU filings on SEC EDGAR ↗UNHU prospectus with the expense ratio (SEC) ↗Direxion website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, UNHG against UNHU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/unhg-vs-unhu

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.