UNHU vs. FCSH

Last updated Jun 25, 2026

UNHU (Direxion Daily UNH Bull 2X ETF) and FCSH (Federated Hermes Short Duration Corporate ETF) are both exchange-traded funds - UNHU is a Leveraged Equities fund actively managed by Direxion, while FCSH is a Short-Term Bond fund actively managed by Federated. Both are actively managed. At a correlation of -0.14, they often move in opposite directions. UNHU charges 0.97%/yr vs 0.30%/yr for FCSH.

Performance

UNHU vs. FCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily UNH Bull 2X ETF (UNHU) and Federated Hermes Short Duration Corporate ETF (FCSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UNHU

• 1D: -1.75%
• 1M: 8.26%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FCSH

• 1D: 0.23%
• 1M: 0.24%
• YTD: 0.71%
• 6M: 0.83%
• 1Y: 3.62%
• 3Y*: 5.21%
• 5Y*: —
• 10Y*: —

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

UNHU vs. FCSH - Yearly Performance Comparison

	2026 (YTD)
UNHU Direxion Daily UNH Bull 2X ETF	117.56%
FCSH Federated Hermes Short Duration Corporate ETF	0.59%

Correlation

The correlation between UNHU and FCSH is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	-0.14

Return for Risk

UNHU vs. FCSH — Risk / Return Rank

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

UNHU

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

FCSH

FCSH Risk / Return Rank: 66
FCSH Sharpe Ratio Rank: 64
FCSH Sortino Ratio Rank: 71
FCSH Omega Ratio Rank: 68
FCSH Calmar Ratio Rank: 67
FCSH Martin Ratio Rank: 61

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.

UNHU vs. FCSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily UNH Bull 2X ETF (UNHU) and Federated Hermes Short Duration Corporate ETF (FCSH). 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.

	UNHU	FCSH	Difference
Sharpe ratio: Return per unit of total volatility	—	1.83	—
Sortino ratio: Return per unit of downside risk	—	2.81	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.92	—
Martin ratio: Return relative to average drawdown	—	9.49	—

Drawdowns

UNHU vs. FCSH - Drawdown Comparison

The maximum UNHU drawdown since its inception was -11.68%, which is greater than FCSH's maximum drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for UNHU and FCSH.

Drawdown Indicators

	UNHU	FCSH	Difference
Max Drawdown Largest peak-to-trough decline	-11.68%	-8.47%	-3.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.32%	—
Current Drawdown Current decline from peak	-3.60%	-0.43%	-3.17%
Average Drawdown Average peak-to-trough decline	-2.80%	-2.19%	-0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.38%	—

Volatility

Volatility by Period

	UNHU	FCSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	63.96%	1.99%	+61.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.96%	2.89%	+61.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.96%	2.89%	+61.07%

UNHU vs. FCSH - Expense Ratio Comparison

UNHU has a 0.97% expense ratio, which is higher than FCSH's 0.30% expense ratio.

Dividends

UNHU vs. FCSH - Dividend Comparison

UNHU has not paid dividends to shareholders, while FCSH's dividend yield for the trailing twelve months is around 4.08%.

Position	TTM	2025	2024	2023	2022	2021
FCSH Federated Hermes Short Duration Corporate ETF	4.08%	4.14%	4.44%	2.31%	1.76%	0.04%
UNHU Direxion Daily UNH Bull 2X ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UNHU and FCSH in my portfolio?

UNHU and FCSH have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UNHU or FCSH?

On fees, FCSH is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UNHU or FCSH?

FCSH is cheaper with a 0.30% expense ratio, compared with 0.97% for UNHU.

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

FCSH has the higher dividend yield at 4.08%, compared with 0.00% for UNHU.

What is the main difference between UNHU and FCSH?

UNHU is categorized as Leveraged Equities, while FCSH is Short-Term Bond. They also come from different issuers: Direxion and Federated. Their fees differ too: 0.97% for UNHU and 0.30% for FCSH.