UNHU vs. NEMG

Last updated Jul 12, 2026

UNHU (Direxion Daily UNH Bull 2X ETF) and NEMG (Leverage Shares 2x Long NEM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.04 correlation, their price movements are largely independent. UNHU charges 0.97%/yr vs 0.75%/yr for NEMG.

Performance

UNHU vs. NEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily UNH Bull 2X ETF (UNHU) and Leverage Shares 2x Long NEM Daily ETF (NEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UNHU

• 1D: -2.71%
• 1M: 9.67%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEMG

• 1D: 1.02%
• 1M: -6.76%
• 6M: -36.81%
• YTD: -25.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UNHU vs. NEMG - Yearly Performance Comparison

	2026 (YTD)
UNHU Direxion Daily UNH Bull 2X ETF	138.12%
NEMG Leverage Shares 2x Long NEM Daily ETF	-16.33%

Correlation

The correlation between UNHU and NEMG is 0.04, 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	0.04

Return for Risk

UNHU vs. NEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily UNH Bull 2X ETF (UNHU) and Leverage Shares 2x Long NEM Daily ETF (NEMG). 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.

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

Drawdowns

UNHU vs. NEMG - Drawdown Comparison

The maximum UNHU drawdown since its inception was -11.68%, smaller than the maximum NEMG drawdown of -58.11%. Use the drawdown chart below to compare losses from any high point for UNHU and NEMG.

Drawdown Indicators

	UNHU	NEMG	Difference
Max Drawdown Largest peak-to-trough decline	-11.68%	-58.11%	+46.43%
Current Drawdown Current decline from peak	-2.71%	-56.32%	+53.61%
Average Drawdown Average peak-to-trough decline	-2.66%	-25.68%	+23.02%

Volatility

Volatility by Period

	UNHU	NEMG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	63.08%	100.53%	-37.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.08%	100.53%	-37.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.08%	100.53%	-37.45%

UNHU vs. NEMG - Expense Ratio Comparison

UNHU has a 0.97% expense ratio, which is higher than NEMG's 0.75% expense ratio.

Dividends

UNHU vs. NEMG - Dividend Comparison

UNHU's dividend yield for the trailing twelve months is around 0.43%, while NEMG has not paid dividends to shareholders.

Position	TTM
NEMG Leverage Shares 2x Long NEM Daily ETF	0.00%
UNHU Direxion Daily UNH Bull 2X ETF	0.43%

Frequently Asked Questions

Can I hold both UNHU and NEMG in my portfolio?

UNHU and NEMG have a correlation of 0.04, 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 NEMG?

On fees, NEMG 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, UNHU or NEMG?

NEMG is cheaper with a 0.75% expense ratio, compared with 0.97% for UNHU.

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

UNHU has the higher dividend yield at 0.43%, compared with 0.00% for NEMG.

What is the main difference between UNHU and NEMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for UNHU and 0.75% for NEMG.