- Issuer
- Roundhill
- Inception Date
- Feb 28, 2024
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $65M
Share Price Chart
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Performance
MAGX Performance Chart
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is down 7.0% since the beginning of the year. MAGX is currently trading at $53 per share.
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Returns By Period
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has returned -7.01% so far this year and 39.40% over the past 12 months.
Roundhill Daily 2X Long Magnificent Seven ETF
- 1D
- 3.20%
- 1M
- -11.62%
- YTD
- -7.01%
- 6M
- -7.16%
- 1Y
- 39.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.34%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
MAGX Monthly Returns History
Based on dividend-adjusted daily data since Feb 29, 2024, MAGX's average daily return is +0.19%, while the average monthly return is +3.42%. At this rate, an investment would double in approximately 1.7 years.
Historically, 55% of months were positive and 45% were negative. The best month was Apr 2026 with a return of +29.4%, while the worst month was Mar 2025 at -21.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MAGX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +28.9%, while the worst single day was Apr 3, 2025 at -12.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.24% | -15.27% | -11.57% | 29.39% | 11.85% | -14.04% | -7.01% | ||||||
| 2025 | 2.64% | -15.85% | -21.71% | -4.09% | 28.32% | 11.23% | 10.03% | 3.23% | 15.97% | 8.36% | -4.27% | -0.23% | 26.16% |
| 2024 | 0.70% | 2.96% | -5.06% | 15.35% | 18.92% | -2.87% | -3.37% | 11.98% | -1.13% | 15.93% | 12.14% | 82.41% |
Benchmark Metrics
Roundhill Daily 2X Long Magnificent Seven ETF has an annualized alpha of -5.67%, beta of 2.98, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since February 29, 2024.
- This ETF captured 366.45% of S&P 500 Index gains and 253.84% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -5.67% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 2.98 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -5.67%
- Beta
- 2.98
- R²
- 0.78
- Upside Capture
- 366.45%
- Downside Capture
- 253.84%
Expense Ratio
MAGX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MAGX ranks 25 for risk / return — below 25% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MAGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.35 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 2.66 | -1.66 |
| Martin ratioReturn relative to average drawdown | 2.98 | 11.86 | -8.88 |
Dividends
Dividend History
Roundhill Daily 2X Long Magnificent Seven ETF provided a 2.20% dividend yield over the last twelve months, with an annual payout of $1.17 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.17 | $1.17 | $0.40 |
Dividend yield | 2.20% | 2.05% | 0.86% |
Monthly Dividends
The table displays the monthly dividend distributions for Roundhill Daily 2X Long Magnificent Seven ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.17 | $1.17 |
| 2024 | $0.40 | $0.40 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Roundhill Daily 2X Long 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 2X Long Magnificent Seven ETF was 54.19%, occurring on Apr 21, 2025. Recovery took 100 trading sessions.
The current Roundhill Daily 2X Long Magnificent Seven ETF drawdown is 15.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -54.19%Apr 2025 | 4mo 4d | 4mo 24d | 8mo 28dDec 2024 - Sep 2025 |
2026 bear market2026 | -37.24%Mar 2026 | 5mo 1d | 1mo 15d | 6mo 16dOct 2025 - May 2026 |
2024 bear market2024 | -34.50%Aug 2024 | 27d | 3mo 2d | 3mo 29dJul 2024 - Nov 2024 |
2026 correction2026 | -18.78%Jun 2026 | 26d | — | 1mo 7dMay 2026 - now |
2024 correction2024 | -17.49%Apr 2024 | 7d | 26d | 1mo 3dApr 2024 - May 2024 |
Drawdown Indicators
| MAGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.19% | -56.78% | +2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -37.24% | -9.10% | -28.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -15.24% | -2.49% | -12.75% |
Average DrawdownAverage peak-to-trough decline | -13.77% | -10.72% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.46% | 2.03% | +10.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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