UNHG vs. 3NIE.L

Last updated Jun 5, 2026

UNHG (Leverage Shares 2x Long UNH Daily ETF) and 3NIE.L (Leverage Shares 3x Long NIO ETP Securities) are both Leveraged Equities funds from Leverage Shares. UNHG is actively managed, while 3NIE.L is passively managed. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

UNHG vs. 3NIE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Long UNH Daily ETF (UNHG) and Leverage Shares 3x Long NIO ETP Securities (3NIE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UNHG achieves a 24.66% return, which is significantly higher than 3NIE.L's -29.41% return.

UNHG

• 1D: 10.27%
• 1M: 16.80%
• YTD: 24.66%
• 6M: 22.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

3NIE.L

• 1D: -2.04%
• 1M: -22.58%
• YTD: -29.41%
• 6M: -14.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UNHG vs. 3NIE.L - Yearly Performance Comparison

	2026 (YTD)	2025
UNHG Leverage Shares 2x Long UNH Daily ETF	24.66%	2.10%
3NIE.L Leverage Shares 3x Long NIO ETP Securities	-29.41%	-21.24%

Correlation

The correlation between UNHG and 3NIE.L 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 Nov 26, 2025	0.06

Return for Risk

UNHG vs. 3NIE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long UNH Daily ETF (UNHG) and Leverage Shares 3x Long NIO ETP Securities (3NIE.L). 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

	UNHG	3NIE.L	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	-0.39	+1.13

Drawdowns

UNHG vs. 3NIE.L - Drawdown Comparison

The maximum UNHG drawdown since its inception was -57.00%, smaller than the maximum 3NIE.L drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for UNHG and 3NIE.L.

Drawdown Indicators

	UNHG	3NIE.L	Difference
Max Drawdown Largest peak-to-trough decline	-57.00%	-60.65%	+3.65%
Current Drawdown Current decline from peak	-3.85%	-49.83%	+45.98%
Average Drawdown Average peak-to-trough decline	-22.61%	-36.22%	+13.61%

Volatility

Volatility by Period

	UNHG	3NIE.L	Difference
Volatility (1Y) Calculated over the trailing 1-year period	82.76%	175.21%	-92.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.76%	175.21%	-92.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.76%	175.21%	-92.45%

UNHG vs. 3NIE.L - Expense Ratio Comparison

Both UNHG and 3NIE.L have an expense ratio of 0.75%.

Dividends

UNHG vs. 3NIE.L - Dividend Comparison

UNHG's dividend yield for the trailing twelve months is around 9.07%, while 3NIE.L has not paid dividends to shareholders.

Position	TTM	2025
3NIE.L Leverage Shares 3x Long NIO ETP Securities	0.00%	0.00%
UNHG Leverage Shares 2x Long UNH Daily ETF	9.07%	11.30%

Frequently Asked Questions

Can I hold both UNHG and 3NIE.L in my portfolio?

UNHG and 3NIE.L 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, UNHG or 3NIE.L?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UNHG or 3NIE.L?

UNHG and 3NIE.L have the same expense ratio: 0.75% per year.