CMGG vs. UNHU

Last updated Jul 12, 2026

CMGG (Leverage Shares 2X Long CMG Daily ETF) and UNHU (Direxion Daily UNH Bull 2X ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.20 correlation, their price movements are largely independent. CMGG charges 0.75%/yr vs 0.97%/yr for UNHU.

Performance

CMGG vs. UNHU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long CMG Daily ETF (CMGG) and Direxion Daily UNH Bull 2X ETF (UNHU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CMGG

• 1D: 4.18%
• 1M: 17.79%
• 6M: -31.72%
• YTD: -20.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UNHU

• 1D: -2.71%
• 1M: 8.55%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMGG vs. UNHU - Yearly Performance Comparison

	2026 (YTD)
CMGG Leverage Shares 2X Long CMG Daily ETF	8.04%
UNHU Direxion Daily UNH Bull 2X ETF	138.12%

Correlation

The correlation between CMGG and UNHU is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	0.20

Return for Risk

CMGG vs. UNHU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CMG Daily ETF (CMGG) and Direxion Daily UNH Bull 2X ETF (UNHU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

CMGG vs. UNHU - Drawdown Comparison

The maximum CMGG drawdown since its inception was -56.75%, which is greater than UNHU's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for CMGG and UNHU.

Drawdown Indicators

	CMGG	UNHU	Difference
Max Drawdown Largest peak-to-trough decline	-56.75%	-11.68%	-45.07%
Current Drawdown Current decline from peak	-33.76%	-2.71%	-31.05%
Average Drawdown Average peak-to-trough decline	-24.50%	-2.66%	-21.84%

Volatility

Volatility by Period

	CMGG	UNHU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	69.90%	63.08%	+6.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.90%	63.08%	+6.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.90%	63.08%	+6.82%

CMGG vs. UNHU - Expense Ratio Comparison

CMGG has a 0.75% expense ratio, which is lower than UNHU's 0.97% expense ratio.

Dividends

CMGG vs. UNHU - Dividend Comparison

CMGG has not paid dividends to shareholders, while UNHU's dividend yield for the trailing twelve months is around 0.43%.

Position	TTM
CMGG Leverage Shares 2X Long CMG Daily ETF	0.00%
UNHU Direxion Daily UNH Bull 2X ETF	0.43%

Frequently Asked Questions

Can I hold both CMGG and UNHU in my portfolio?

CMGG and UNHU have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CMGG or UNHU?

On fees, CMGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CMGG or UNHU?

CMGG is cheaper with a 0.75% expense ratio, compared with 0.97% for UNHU.

Which ETF pays a higher dividend yield, CMGG or UNHU?

UNHU has the higher dividend yield at 0.43%, compared with 0.00% for CMGG.

What is the main difference between CMGG and UNHU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for CMGG and 0.97% for UNHU.