# UNHU (Direxion Daily UNH Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: UNHU returned −28.1% where its own daily promise gave −25.9%, 2.2 points short.

## Key facts

- UNHU, what UNH did: −13.4%, as of Sep 30, 2026.
- UNHU, what 2 times a day gives: −25.9%, as of Sep 30, 2026.
- UNHU, what the fund returned: −28.1%, as of Sep 30, 2026.
- UNHU, the fund itself cost: −2.2 pts, as of Sep 30, 2026.
- UNHU, net assets: $3m (issuer page, as of Sep 30, 2026).
- UNHU, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026).

## UNHU over each window to Sep 30, 2026

| Window | Fund | UNH | +2x the move | Difference | UNH moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −11.4% | −5.2% | −10.3% | −1.1 pts | 19% |
| 3 months | −28.1% | −13.4% | −26.8% | −1.2 pts | 22% |
| 6 months | +68.3% | +35.5% | +71.1% | −2.8 pts | 28% |
| Since launch | +70.9% | +37.3% | +74.5% | −3.7 pts | 29% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of UNH, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.09 times, against +2 stated | ETFIQ |
| Underlying | UNH | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.97% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Mar 25, 2026 | ETFIQ |
| Underlying volatility over the window | 22% annualized | ETFIQ |

## Questions

### Did UNHU return +2 times UNH?

Over the window to Sep 30, 2026, UNH moved −13.4% and UNHU returned −28.1%. 2 times that move is −26.8%, so the fund came out 1.2 points short of it.

### Why does UNHU not return +2 times over a year?

Because it resets daily. UNHU aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x UNH ETF tracked its stated multiple most closely?

3 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself.


## Cite this page

ETFIQ, UNHU, data as of Sep 30, 2026. https://etfiq.com/funds/unhu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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