UNHW vs. NIOG

Last updated Jun 5, 2026

UNHW (Roundhill UNH WeeklyPay ETF) and NIOG (Leverage Shares 2X Long NIO Daily ETF) are both Leveraged Equities funds. UNHW is actively managed, while NIOG is passively managed. At a 0.10 correlation, their price movements are largely independent. UNHW charges 0.99%/yr vs 0.75%/yr for NIOG.

Performance

UNHW vs. NIOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill UNH WeeklyPay ETF (UNHW) and Leverage Shares 2X Long NIO Daily ETF (NIOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UNHW achieves a 22.06% return, which is significantly higher than NIOG's 2.42% return.

UNHW

• 1D: 6.07%
• 1M: 10.36%
• YTD: 22.06%
• 6M: 20.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NIOG

• 1D: -2.54%
• 1M: -11.57%
• YTD: 2.42%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UNHW vs. NIOG - Yearly Performance Comparison

	2026 (YTD)	2025
UNHW Roundhill UNH WeeklyPay ETF	22.06%	0.66%
NIOG Leverage Shares 2X Long NIO Daily ETF	2.42%	5.33%

Correlation

The correlation between UNHW and NIOG is 0.10, 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 19, 2025	0.10

Return for Risk

UNHW vs. NIOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill UNH WeeklyPay ETF (UNHW) and Leverage Shares 2X Long NIO Daily ETF (NIOG). 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

	UNHW	NIOG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.15	+0.65

Drawdowns

UNHW vs. NIOG - Drawdown Comparison

The maximum UNHW drawdown since its inception was -32.28%, smaller than the maximum NIOG drawdown of -45.19%. Use the drawdown chart below to compare losses from any high point for UNHW and NIOG.

Drawdown Indicators

	UNHW	NIOG	Difference
Max Drawdown Largest peak-to-trough decline	-32.28%	-45.19%	+12.91%
Current Drawdown Current decline from peak	-1.42%	-35.82%	+34.40%
Average Drawdown Average peak-to-trough decline	-12.40%	-19.79%	+7.39%

Volatility

Volatility by Period

	UNHW	NIOG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	50.32%	119.59%	-69.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.32%	119.59%	-69.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.32%	119.59%	-69.27%

UNHW vs. NIOG - Expense Ratio Comparison

UNHW has a 0.99% expense ratio, which is higher than NIOG's 0.75% expense ratio.

Dividends

UNHW vs. NIOG - Dividend Comparison

UNHW's dividend yield for the trailing twelve months is around 16.34%, while NIOG has not paid dividends to shareholders.

Position	TTM	2025
NIOG Leverage Shares 2X Long NIO Daily ETF	0.00%	0.00%
UNHW Roundhill UNH WeeklyPay ETF	16.34%	2.81%

Frequently Asked Questions

Can I hold both UNHW and NIOG in my portfolio?

UNHW and NIOG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UNHW or NIOG?

On fees, NIOG 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, UNHW or NIOG?

NIOG is cheaper with a 0.75% expense ratio, compared with 0.99% for UNHW.

Which ETF pays a higher dividend yield, UNHW or NIOG?

UNHW has the higher dividend yield at 16.34%, compared with 0.00% for NIOG.

What is the main difference between UNHW and NIOG?

They also come from different issuers: Roundhill Investments and Leverage Shares. Their fees differ too: 0.99% for UNHW and 0.75% for NIOG.