UNHW vs. SPUU

Last updated Jun 5, 2026

UNHW (Roundhill UNH WeeklyPay ETF) and SPUU (Direxion Daily S&P 500 Bull 2x Shares) are both Leveraged Equities funds. UNHW is actively managed, while SPUU is passively managed. At a 0.25 correlation, their price movements are largely independent. UNHW charges 0.99%/yr vs 0.64%/yr for SPUU.

Performance

UNHW vs. SPUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill UNH WeeklyPay ETF (UNHW) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). 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 SPUU's 20.66% return.

UNHW

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

SPUU

• 1D: 0.70%
• 1M: 9.03%
• YTD: 20.66%
• 6M: 19.95%
• 1Y: 54.50%
• 3Y*: 38.69%
• 5Y*: 20.36%
• 10Y*: 24.74%

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

UNHW vs. SPUU - Yearly Performance Comparison

	2026 (YTD)	2025
UNHW Roundhill UNH WeeklyPay ETF	22.06%	-3.02%
SPUU Direxion Daily S&P 500 Bull 2x Shares	20.66%	-0.60%

Correlation

The correlation between UNHW and SPUU is 0.25, 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	0.25

UNHW vs. SPUU - Sectors Allocation Comparison

Sectors	UNHW	SPUU
Healthcare	33.4%	3.6%
Basic Materials	-	0.7%
Communication Services	-	4.6%
Consumer Cyclical	-	4.2%
Consumer Defensive	-	2.0%
Energy	-	1.4%
Financial Services	-	4.8%
Industrials	-	3.3%
Real Estate	-	0.8%
Technology	-	16.5%
Utilities	-	1.1%

Return for Risk

UNHW vs. SPUU — Risk / Return Rank

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

SPUU

SPUU Risk / Return Rank: 67
SPUU Sharpe Ratio Rank: 72
SPUU Sortino Ratio Rank: 63
SPUU Omega Ratio Rank: 64
SPUU Calmar Ratio Rank: 62
SPUU Martin Ratio Rank: 72

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.

UNHW vs. SPUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill UNH WeeklyPay ETF (UNHW) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). 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	SPUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.29	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.64	+0.17

Drawdowns

UNHW vs. SPUU - Drawdown Comparison

The maximum UNHW drawdown since its inception was -32.28%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for UNHW and SPUU.

Drawdown Indicators

	UNHW	SPUU	Difference
Max Drawdown Largest peak-to-trough decline	-32.28%	-59.35%	+27.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-35.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.35%	—
Current Drawdown Current decline from peak	-1.42%	-0.58%	-0.84%
Average Drawdown Average peak-to-trough decline	-12.40%	-9.50%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.12%	—

Volatility

Volatility by Period

	UNHW	SPUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.32%	23.88%	+26.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.32%	33.46%	+16.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.32%	35.76%	+14.56%

UNHW vs. SPUU - Expense Ratio Comparison

UNHW has a 0.99% expense ratio, which is higher than SPUU's 0.64% expense ratio.

Dividends

UNHW vs. SPUU - Dividend Comparison

UNHW's dividend yield for the trailing twelve months is around 16.34%, more than SPUU's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPUU Direxion Daily S&P 500 Bull 2x Shares	1.33%	1.63%	0.55%	0.83%	0.88%	3.04%	8.03%	1.80%	5.50%	6.96%	8.08%	4.42%
UNHW Roundhill UNH WeeklyPay ETF	16.34%	2.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UNHW and SPUU in my portfolio?

UNHW and SPUU have a correlation of 0.25, 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 SPUU?

On fees, SPUU is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UNHW or SPUU?

SPUU is cheaper with a 0.64% expense ratio, compared with 0.99% for UNHW.

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

UNHW has the higher dividend yield at 16.34%, compared with 1.33% for SPUU.

What is the main difference between UNHW and SPUU?

They also come from different issuers: Roundhill Investments and Direxion. Their fees differ too: 0.99% for UNHW and 0.64% for SPUU.