ETF Evaluator:
Leverage Shares 2X Long UNH Daily ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Industrials Over the Last Year
| 115.3% | Leverage Shares 2X Long UNH Daily ETF (UNHG) |
| 63.0% | Stt Strt® SPDR® S&PKenshoFnlFrntrsETF (ROKT) |
| 58.9% | SonicShares™ Global Shipping ETF (BOAT) |
| 45.9% | Aztlan NA Nearshoring Stk Sel ETF (NRSH) |
| 39.7% | US Global Sea to Sky Cargo ETF (SEA) |
Risk
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Risk
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ETF Details
Leverage Shares 2X Long UNH Daily ETF Overview
Leverage Shares 2X Long UNH Daily ETF (UNHG) is an actively managed Sector Equity Industrials exchange-traded fund (ETF). Themes ETF Trust launched the ETF in 2025.
The investment seeks daily levered investment results, before fees and expenses, of two times (200%) of the daily percentage change in the price of the common stock of UNH.
The fund is an actively managed ETF. The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of UNH, consistent with the fund’s investment objective. The fund is non-diversified.
About Leverage Shares 2X Long UNH Daily ETF (UNHG)
There are 3 members of the management team with an average tenure of 1.03 years: Dingxun(Kevin) Shao (2025), Calvin Tsang (2025) and Paul Bartkowiak (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Solactive Waste & Recycling TR USD index with a weighting of 200%. Leverage Shares 2X Long UNH Daily ETF has 8 securities in its portfolio. The top 10 holdings constitute 216.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Leverage Shares 2X Long UNH Daily ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Leverage Shares 2X Long UNH Daily ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Leverage Shares 2X Long UNH Daily ETF has -108.7% of the portfolio in cash.
Assets Under Management
The fund has $77 million in total assets, which is below the $1 billion average for the Industrials category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
UNHG Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Leverage Shares 2X Long UNH Daily ETF expense ratio is above average compared to funds in the Industrials category. Leverage Shares 2X Long UNH Daily ETF has an expense ratio of 0.77%, which is 51% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Leverage Shares 2X Long UNH Daily ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 40% for the Industrials category.
Recently, in the month of July 2026, Leverage Shares 2X Long UNH Daily ETF returned -2.7%, which earned it a grade of C, as the Industrials category had an average return of -4.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Leverage Shares 2X Long UNH Daily ETF has a trailing yield of 8.51%, which is above the 1.11% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Leverage Shares 2X Long UNH Daily ETF Grades
Year to date, the ETF has returned 32.9%, 20.3 percentage points better than the category, which translates into a grade of A. The fund has returned 115.3% over the past year (grade of A).
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UNHG Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| UNHG Return (NAV) | -2.7% | 19.7% | 115.3% | na | na | na |
| UNHG Return (Price) | -2.5% | 19.8% | 115.5% | na | na | na |
| NAV +/- Price Return | -0.215% | -0.184% | -0.204% | na | na | na |
| Industrials Avg | -4.0% | -1.4% | 24.7% | 17.8% | 11.5% | 13.6% |
| UNHG Grade (NAV) | C | A | A | na | na | na |
| +/- Category (NAV) | 1.3% | 21.1% | 90.6% | na | na | na |
| UNHG Tax-Cost Ratio | na | na | 4.1% | na | na | na |
UNHG Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| UNHG Return (NAV) | 32.9% | na | na | na | na | na | na | na | na | na | na |
| UNHG Return (Price) | 33.0% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.005% | na | na | na | na | na | na | na | na | na | na |
| Industrials Avg | 12.6% | 27.1% | 14.2% | 21.4% | -12.8% | 20.7% | 15.4% | 30.3% | -13.4% | 22.8% | 22.1% |
| UNHG Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 20.3% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 8.5% |
| Total Assets: | $ 78 Mil |
| Share Class Assets: | $ 78 Mil |
| Turnover: | na |
| Expense Ratio: | 0.77% |
| Index Fund: | No |
| Index Tracked: | Solactive Waste & Recycling TR USD |
| Index Weighting: | 200% |
| Leveraged: | Yes |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.0 years | |||
| Average Tenure: 1.0 years | |||
| Managers (Year): Shao Dingxun(Kevin) (2025), Tsang Calvin (2025), Bartkowiak Paul (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 8 |
| % in Top 10 Holdings: | 216.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 208.7% |
| Cash: | -108.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Themes ETF Trust |
| Phone Number: | 866-584-3637 |
| Website: | www.ThemesETFs.com |
| Inception Date: | July 21, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.77% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.51% |
