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Roundhill China Magnificent Seven ETF (MAGC) Sharpe Ratio: -0.73

ETF · Currency in USD · Last updated Jul 14, 2026

The Roundhill China Magnificent Seven ETF (MAGC) seeks to provide equal-weight exposure to seven leading Chinese technology companies, including Tencent, PDD Holdings, Alibaba, Meituan, BYD, Xiaomi, and NetEase, aiming to capture growth in China's innovative tech sector.

MAGC's Sharpe Ratio of -0.73 indicates that for each unit of volatility, it generates -0.73 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

MAGC Sharpe Ratio Rank

MAGC Sharpe Ratio Rank: 3.43
Concerning

MAGC ranks above 3.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

MAGC Sharpe Ratio Market Positioning

The chart shows MAGC's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.74 or lower
  • Yellow zone (middle 50%): 0.74 to 1.90
  • Green zone (top 25%): 1.90 or higher
  • Top 1%: 6.53+
  • Median: 1.39 — half of all investments score higher

How it compares to other similar ETFs

The table compares Roundhill China Magnificent Seven ETF's Sharpe Ratio with other ETFs in the China Equities, Asia Pacific Equities category across multiple time periods, showing how MAGC's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FLTWFranklin FTSE Taiwan ETF3.04
DXJWisdomTree Japan Hedged Equity Fund3.02
KCAIKraneShares China Alpha Index ETF2.88
EWTiShares MSCI Taiwan ETF2.88
OPPJWisdomTree Japan Opportunities ETF2.85
KORUDirexion Daily MSCI South Korea Bull 3X Shares2.78
EWYiShares MSCI South Korea ETF2.70
KSTRKraneShares SSE STAR Market 50 Index ETF2.67
FLKRFranklin FTSE South Korea ETF2.65
MKORMatthews Korea Active ETF2.63
MAGCRoundhill China Magnificent Seven ETF-0.73

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows MAGC's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MAGC consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does MAGC fit in your portfolio?

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