UNHU vs. TSMG

Last updated Jun 5, 2026

UNHU (Direxion Daily UNH Bull 2X ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.06 correlation, their price movements are largely independent. UNHU charges 0.97%/yr vs 0.75%/yr for TSMG.

Performance

UNHU vs. TSMG - 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 TSM Daily ETF (TSMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UNHU

• 1D: 10.16%
• 1M: 17.42%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: 3.47%
• 1M: 24.82%
• YTD: 92.52%
• 6M: 104.85%
• 1Y: 292.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UNHU vs. TSMG - Yearly Performance Comparison

	2026 (YTD)
UNHU Direxion Daily UNH Bull 2X ETF	105.67%
TSMG Leverage Shares 2X Long TSM Daily ETF	54.78%

Correlation

The correlation between UNHU and TSMG 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 26, 2026	0.06

Return for Risk

UNHU vs. TSMG — Risk / Return Rank

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

TSMG

TSMG Risk / Return Rank: 89
TSMG Sharpe Ratio Rank: 96
TSMG Sortino Ratio Rank: 84
TSMG Omega Ratio Rank: 78
TSMG Calmar Ratio Rank: 95
TSMG Martin Ratio Rank: 94

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. TSMG - 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 TSM Daily ETF (TSMG). 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

	UNHU	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	57.76	1.76	+56.00

Drawdowns

UNHU vs. TSMG - Drawdown Comparison

The maximum UNHU drawdown since its inception was -11.68%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for UNHU and TSMG.

Drawdown Indicators

	UNHU	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-11.68%	-63.67%	+51.99%
Max Drawdown (1Y) Largest decline over 1 year	—	-35.29%	—
Current Drawdown Current decline from peak	-2.71%	-0.93%	-1.78%
Average Drawdown Average peak-to-trough decline	-2.99%	-16.94%	+13.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.79%	—

Volatility

Volatility by Period

	UNHU	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	69.61%	71.76%	-2.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.61%	80.99%	-11.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.61%	80.99%	-11.38%

UNHU vs. TSMG - Expense Ratio Comparison

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

Dividends

UNHU vs. TSMG - Dividend Comparison

UNHU has not paid dividends to shareholders, while TSMG's dividend yield for the trailing twelve months is around 5.96%.

Position	TTM	2025
TSMG Leverage Shares 2X Long TSM Daily ETF	5.96%	11.48%
UNHU Direxion Daily UNH Bull 2X ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both UNHU and TSMG in my portfolio?

UNHU and TSMG 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, UNHU or TSMG?

On fees, TSMG 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 TSMG?

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

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

TSMG has the higher dividend yield at 5.96%, compared with 0.00% for UNHU.

What is the main difference between UNHU and TSMG?

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