UNHW vs. SPOG
UNHW (Roundhill UNH WeeklyPay ETF) and SPOG (Leverage Shares 2X Long SPOT Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. UNHW charges 0.99%/yr vs 0.75%/yr for SPOG.
Performance
UNHW vs. SPOG - Performance Comparison
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Returns By Period
In the year-to-date period, UNHW achieves a 22.06% return, which is significantly higher than SPOG's -40.37% return.
UNHW
- 1D
- 6.07%
- 1M
- 10.36%
- YTD
- 22.06%
- 6M
- 20.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOG
- 1D
- 1.97%
- 1M
- 33.09%
- YTD
- -40.37%
- 6M
- -36.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UNHW vs. SPOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UNHW Roundhill UNH WeeklyPay ETF | 22.06% | -3.02% |
SPOG Leverage Shares 2X Long SPOT Daily ETF | -40.37% | 6.44% |
Correlation
The correlation between UNHW and SPOG is 0.14, 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 4, 2025 | 0.14 |
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Return for Risk
UNHW vs. SPOG - 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 SPOT Daily ETF (SPOG). 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.
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Sharpe Ratios by Period
| UNHW | SPOG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | -0.72 | +1.53 |
Drawdowns
UNHW vs. SPOG - Drawdown Comparison
The maximum UNHW drawdown since its inception was -32.28%, smaller than the maximum SPOG drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for UNHW and SPOG.
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Drawdown Indicators
| UNHW | SPOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.28% | -64.41% | +32.13% |
Current DrawdownCurrent decline from peak | -1.42% | -52.02% | +50.60% |
Average DrawdownAverage peak-to-trough decline | -12.40% | -40.51% | +28.11% |
Volatility
UNHW vs. SPOG - Volatility Comparison
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Volatility by Period
| UNHW | SPOG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 50.32% | 103.50% | -53.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.32% | 103.50% | -53.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.32% | 103.50% | -53.18% |
UNHW vs. SPOG - Expense Ratio Comparison
UNHW has a 0.99% expense ratio, which is higher than SPOG's 0.75% expense ratio.
Dividends
UNHW vs. SPOG - Dividend Comparison
UNHW's dividend yield for the trailing twelve months is around 16.34%, while SPOG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
SPOG Leverage Shares 2X Long SPOT Daily ETF | 0.00% | 0.00% |
UNHW Roundhill UNH WeeklyPay ETF | 16.34% | 2.81% |
Frequently Asked Questions
UNHW and SPOG 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.
On fees, SPOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPOG is cheaper with a 0.75% expense ratio, compared with 0.99% for UNHW.
UNHW has the higher dividend yield at 16.34%, compared with 0.00% for SPOG.
They also come from different issuers: Roundhill Investments and Leverage Shares. Their fees differ too: 0.99% for UNHW and 0.75% for SPOG.
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