OPEG vs. UNHW
OPEG (Leverage Shares 2X Long OPEN Daily ETF) and UNHW (Roundhill UNH WeeklyPay ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. OPEG charges 0.75%/yr vs 0.99%/yr for UNHW.
Performance
OPEG vs. UNHW - Performance Comparison
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Returns By Period
In the year-to-date period, OPEG achieves a -50.01% return, which is significantly lower than UNHW's 15.08% return.
OPEG
- 1D
- -21.06%
- 1M
- -15.31%
- YTD
- -50.01%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UNHW
- 1D
- 0.06%
- 1M
- 2.06%
- YTD
- 15.08%
- 6M
- 11.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OPEG vs. UNHW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OPEG Leverage Shares 2X Long OPEN Daily ETF | -50.01% | -33.53% |
UNHW Roundhill UNH WeeklyPay ETF | 15.08% | -2.41% |
Correlation
The correlation between OPEG and UNHW is 0.12, 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 Dec 12, 2025 | 0.12 |
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Return for Risk
OPEG vs. UNHW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OPEN Daily ETF (OPEG) 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.
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Sharpe Ratios by Period
| OPEG | UNHW | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 0.50 | -1.11 |
Drawdowns
OPEG vs. UNHW - Drawdown Comparison
The maximum OPEG drawdown since its inception was -73.22%, which is greater than UNHW's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for OPEG and UNHW.
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Drawdown Indicators
| OPEG | UNHW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.22% | -32.28% | -40.94% |
Current DrawdownCurrent decline from peak | -66.77% | -7.06% | -59.71% |
Average DrawdownAverage peak-to-trough decline | -51.24% | -12.48% | -38.76% |
Volatility
OPEG vs. UNHW - Volatility Comparison
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Volatility by Period
| OPEG | UNHW | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 148.86% | 49.81% | +99.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 148.86% | 49.81% | +99.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 148.86% | 49.81% | +99.05% |
OPEG vs. UNHW - Expense Ratio Comparison
OPEG has a 0.75% expense ratio, which is lower than UNHW's 0.99% expense ratio.
Dividends
OPEG vs. UNHW - Dividend Comparison
OPEG has not paid dividends to shareholders, while UNHW's dividend yield for the trailing twelve months is around 17.33%.
| Position | TTM | 2025 |
|---|---|---|
OPEG Leverage Shares 2X Long OPEN Daily ETF | 0.00% | 0.00% |
UNHW Roundhill UNH WeeklyPay ETF | 17.33% | 2.81% |
Frequently Asked Questions
OPEG and UNHW have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OPEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OPEG is cheaper with a 0.75% expense ratio, compared with 0.99% for UNHW.
UNHW has the higher dividend yield at 17.33%, compared with 0.00% for OPEG.
They also come from different issuers: Leverage Shares and Roundhill Investments. Their fees differ too: 0.75% for OPEG and 0.99% for UNHW.
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