GLWG vs. UNHW

Last updated Jun 4, 2026

GLWG (Leverage Shares 2X Long GLW Daily ETF) and UNHW (Roundhill UNH WeeklyPay ETF) are both Leveraged Equities funds. GLWG is passively managed, while UNHW is actively managed. At a 0.08 correlation, their price movements are largely independent. GLWG charges 0.75%/yr vs 0.99%/yr for UNHW.

Performance

GLWG vs. UNHW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long GLW Daily ETF (GLWG) and Roundhill UNH WeeklyPay ETF (UNHW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GLWG

• 1D: 0.42%
• 1M: 46.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UNHW

• 1D: 0.06%
• 1M: 2.06%
• YTD: 15.08%
• 6M: 11.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLWG vs. UNHW - Yearly Performance Comparison

	2026 (YTD)
GLWG Leverage Shares 2X Long GLW Daily ETF	85.97%
UNHW Roundhill UNH WeeklyPay ETF	39.94%

Correlation

The correlation between GLWG and UNHW is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 11, 2026	0.08

Return for Risk

GLWG vs. UNHW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GLW Daily ETF (GLWG) and Roundhill UNH WeeklyPay ETF (UNHW). 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.

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

Sharpe Ratios by Period

	GLWG	UNHW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	8.78	0.50	+8.28

Drawdowns

GLWG vs. UNHW - Drawdown Comparison

The maximum GLWG drawdown since its inception was -29.53%, smaller than the maximum UNHW drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for GLWG and UNHW.

Drawdown Indicators

	GLWG	UNHW	Difference
Max Drawdown Largest peak-to-trough decline	-29.53%	-32.28%	+2.75%
Current Drawdown Current decline from peak	-10.32%	-7.06%	-3.26%
Average Drawdown Average peak-to-trough decline	-10.71%	-12.48%	+1.77%

Volatility

Volatility by Period

	GLWG	UNHW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	151.06%	49.81%	+101.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.06%	49.81%	+101.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.06%	49.81%	+101.25%

GLWG vs. UNHW - Expense Ratio Comparison

GLWG has a 0.75% expense ratio, which is lower than UNHW's 0.99% expense ratio.

Dividends

GLWG vs. UNHW - Dividend Comparison

GLWG has not paid dividends to shareholders, while UNHW's dividend yield for the trailing twelve months is around 17.33%.

Position	TTM	2025
GLWG Leverage Shares 2X Long GLW Daily ETF	0.00%	0.00%
UNHW Roundhill UNH WeeklyPay ETF	17.33%	2.81%

Frequently Asked Questions

Can I hold both GLWG and UNHW in my portfolio?

GLWG and UNHW have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLWG or UNHW?

On fees, GLWG 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, GLWG or UNHW?

GLWG is cheaper with a 0.75% expense ratio, compared with 0.99% for UNHW.

Which ETF pays a higher dividend yield, GLWG or UNHW?

UNHW has the higher dividend yield at 17.33%, compared with 0.00% for GLWG.

What is the main difference between GLWG and UNHW?

They also come from different issuers: Leverage Shares and Roundhill Investments. Their fees differ too: 0.75% for GLWG and 0.99% for UNHW.