Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MAGX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MAGX
MAGX charges 0.95% annually. There are 93 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 28.74M | Mar 2026 | MAGX vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.98M | Sep 2021 | MAGX vs IFED | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.64% | 241.41M | May 2014 | MAGX vs SPUU | |
| Leverage Shares 2X Long AMD Daily ETF | 0.75% | 33.68M | Jan 2025 | MAGX vs AMDG | |
| Leverage Shares 2X Long NVDA Daily ETF | 0.75% | — | Dec 2024 | MAGX vs NVDG |
Best Risk-Adjusted Alternatives to MAGX
MAGX has a PortfoliosLab risk / return rank of 31. There are 93 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 99 | 3.44B | Oct 2024 | MAGX vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 99 | 1.11B | Nov 2024 | MAGX vs MULL | |
| Innovator Growth Accelerated Plus ETF - April | 98 | 19.26M | Apr 2021 | MAGX vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.62M | Apr 2021 | MAGX vs XTAP | |
| Direxion Daily South Korea Bull 3X Shares | 97 | 1.73B | Apr 2013 | MAGX vs KORU |
Top Performing MAGX Alternatives (YTD)
MAGX is at 1.49% YTD. There are 184 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 961.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 961.23% | 3.44B | Oct 2024 | MAGX vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 936.86% | 1.11B | Nov 2024 | MAGX vs MULL | |
| Leverage Shares 2X Long ARM Daily ETF | 936.32% | 75.08M | Jan 2025 | MAGX vs ARMG | |
| GraniteShares 2x Long MRVL Daily ETF | 842.68% | 568.50M | Mar 2025 | MAGX vs MVLL | |
| GraniteShares 2x Long DELL Daily ETF | 757.76% | 101.08M | Feb 2025 | MAGX vs DLLL |
Lowest Volatility Alternatives to MAGX
MAGX has 39.88% 1-year volatility. There are 90 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.70%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.70% | 22.62M | Apr 2021 | MAGX vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 5.56% | 19.26M | Apr 2021 | MAGX vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.43% | 13.32M | Jul 2021 | MAGX vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.01% | 22.12M | Jul 2021 | MAGX vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.56% | 68.42M | Apr 2021 | MAGX vs XDSQ |
Lowest Drawdown Alternatives to MAGX
MAGX has a 1-year max drawdown of -37.24%. There are 93 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.42%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.42% | 22.62M | Apr 2021 | MAGX vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -1.69% | 19.26M | Apr 2021 | MAGX vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.32M | Jul 2021 | MAGX vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 22.12M | Jul 2021 | MAGX vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 68.42M | Apr 2021 | MAGX vs XDSQ |
Other ETFs from Roundhill
The 10 most viewed Roundhill ETFs shown here include MAGS, QDTE, XDTE and span 6 categories. AUM among these funds goes as high as $14B.
Often Compared With MAGX
Investors most often compare MAGX with QQQU, YMAG, QLD. These 19 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare MAGX with Any Fund or Stock
Compare MAGX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MAGX with funds that move differently
Roundhill Daily 2X Long Magnificent Seven ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MAGX.
Explore MAGX Diversifiers