Roundhill Daily Inverse Magnificent Seven ETF (MAGQ)
MAGQ is an actively managed ETF by Roundhill. MAGQ launched on Feb 28, 2024 and has a 0.95% expense ratio.
ETF Info
Feb 28, 2024
1x
No Index (Active)
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Roundhill Daily Inverse Magnificent Seven ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MAGQ
N/A
-7.91%
-19.03%
N/A
N/A
N/A
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of MAGQ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.12% | 2.02% | -6.51% | -9.16% | 2.20% | 0.33% | -7.26% | 1.79% | -24.00% |
Expense Ratio
MAGQ has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Roundhill Daily Inverse Magnificent Seven ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Roundhill Daily Inverse Magnificent Seven ETF was 29.85%, occurring on Nov 11, 2024. The portfolio has not yet recovered.
The current Roundhill Daily Inverse Magnificent Seven ETF drawdown is 27.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.85% | Apr 22, 2024 | 142 | Nov 11, 2024 | — | — | — |
| -5.83% | Mar 6, 2024 | 26 | Apr 11, 2024 | 5 | Apr 18, 2024 | 31 |
| -1.09% | Mar 1, 2024 | 1 | Mar 1, 2024 | 2 | Mar 5, 2024 | 3 |
Volatility
Volatility Chart
The current Roundhill Daily Inverse Magnificent Seven ETF volatility is 9.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.