LIMI vs. UNHU

Last updated Jul 11, 2026

LIMI (Themes Lithium & Battery Metal Miners ETF) and UNHU (Direxion Daily UNH Bull 2X ETF) are both exchange-traded funds - LIMI is a Lithium & Battery Metals fund tracking the BITA Global Lithium and Battery Metals Select Index, while UNHU is a Leveraged Equities fund actively managed by Direxion. LIMI is passively managed, while UNHU is actively managed. At a correlation of -0.06, they often move in opposite directions. LIMI charges 0.35%/yr vs 0.97%/yr for UNHU.

Performance

LIMI vs. UNHU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Lithium & Battery Metal Miners ETF (LIMI) and Direxion Daily UNH Bull 2X ETF (UNHU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LIMI

• 1D: -1.07%
• 1M: -20.27%
• 6M: -17.03%
• YTD: -7.47%
• 1Y: 67.12%
• 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)

LIMI vs. UNHU - Yearly Performance Comparison

	2026 (YTD)
LIMI Themes Lithium & Battery Metal Miners ETF	-5.77%
UNHU Direxion Daily UNH Bull 2X ETF	138.12%

Correlation

The correlation between LIMI and UNHU is -0.06, 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 25, 2026	-0.06

Return for Risk

LIMI vs. UNHU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LIMI

LIMI Risk / Return Rank: 50
LIMI Sharpe Ratio Rank: 53
LIMI Sortino Ratio Rank: 51
LIMI Omega Ratio Rank: 47
LIMI Calmar Ratio Rank: 52
LIMI Martin Ratio Rank: 49

UNHU

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LIMI vs. UNHU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Lithium & Battery Metal Miners ETF (LIMI) 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.

	LIMI	UNHU	Difference
Sharpe ratio: Return per unit of total volatility	1.45	—	—
Sortino ratio: Return per unit of downside risk	2.01	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.08	—	—
Martin ratio: Return relative to average drawdown	6.50	—	—

Drawdowns

LIMI vs. UNHU - Drawdown Comparison

The maximum LIMI drawdown since its inception was -43.77%, which is greater than UNHU's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for LIMI and UNHU.

Drawdown Indicators

	LIMI	UNHU	Difference
Max Drawdown Largest peak-to-trough decline	-43.77%	-11.68%	-32.09%
Max Drawdown (1Y) Largest decline over 1 year	-31.47%	—	—
Current Drawdown Current decline from peak	-31.47%	-2.71%	-28.76%
Average Drawdown Average peak-to-trough decline	-13.42%	-2.66%	-10.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.03%	—	—

Volatility

Volatility by Period

	LIMI	UNHU	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.09%	63.08%	-17.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.82%	63.08%	-21.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.82%	63.08%	-21.26%

LIMI vs. UNHU - Expense Ratio Comparison

LIMI has a 0.35% expense ratio, which is lower than UNHU's 0.97% expense ratio.

Dividends

LIMI vs. UNHU - Dividend Comparison

LIMI's dividend yield for the trailing twelve months is around 0.59%, more than UNHU's 0.43% yield.

Position	TTM	2025	2024
LIMI Themes Lithium & Battery Metal Miners ETF	0.59%	0.54%	8.14%
UNHU Direxion Daily UNH Bull 2X ETF	0.43%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LIMI and UNHU in my portfolio?

LIMI and UNHU have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LIMI or UNHU?

On fees, LIMI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LIMI or UNHU?

LIMI is cheaper with a 0.35% expense ratio, compared with 0.97% for UNHU.

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

LIMI has the higher dividend yield at 0.59%, compared with 0.43% for UNHU.

What is the main difference between LIMI and UNHU?

LIMI is categorized as Lithium & Battery Metals, while UNHU is Leveraged Equities. They also come from different issuers: Themes and Direxion. Their fees differ too: 0.35% for LIMI and 0.97% for UNHU.