Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to MAGX
MAGX charges 0.95% annually. Among ETFs in the Leveraged Equities category, these options have the lowest expense ratios among MAGX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | Sep 14, 2021 | MAGX vs IFED | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.64% | May 28, 2014 | MAGX vs SPUU | |
| Leverage Shares 2X Long NVDA Daily ETF | 0.75% | Dec 12, 2024 | MAGX vs NVDG | |
| Leverage Shares 2X Long AMD Daily ETF | 0.75% | Jan 24, 2025 | MAGX vs AMDG | |
| Leverage Shares 2X Long TSLA Daily ETF | 0.75% | Dec 12, 2024 | MAGX vs TSLG |
Best Risk-Adjusted Alternatives to MAGX
Among ETFs in the Leveraged Equities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Direxion Daily South Korea Bull 3X Shares | 98 | Apr 10, 2013 | MAGX vs KORU | |
| Direxion Daily MU Bull 2X Shares | 98 | Oct 9, 2024 | MAGX vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | Nov 11, 2024 | MAGX vs MULL | |
| Direxion Daily GOOGL Bull 2X Shares | 96 | Sep 6, 2022 | MAGX vs GGLL | |
| Direxion Daily TSM Bull 2X Shares | 96 | Oct 3, 2024 | MAGX vs TSMX |
Top Performing MAGX Alternatives (YTD)
MAGX alternatives from the Leveraged Equities category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 168.34% | Apr 9, 2019 | MAGX vs NRGU | |
| MicroSectors Energy 3X Leveraged ETN | 141.86% | Feb 16, 2023 | MAGX vs WTIU | |
| Leverage Shares 2X Long TER Daily ETF | 102.79% | Nov 17, 2025 | MAGX vs TERG | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | 102.61% | Apr 1, 2020 | MAGX vs GUSH | |
| ProShares Ultra Oil & Gas | 85.56% | Jan 30, 2007 | MAGX vs DIG |
Lowest Volatility Alternatives to MAGX
MAGX alternatives from the Leveraged Equities category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 14.33% | Apr 1, 2021 | MAGX vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 16.31% | Apr 1, 2021 | MAGX vs QTAP | |
| Roundhill BRKB WeeklyPay ETF | 17.95% | Jun 17, 2025 | MAGX vs BRKW | |
| Innovator US Equity Accelerated ETF | 17.99% | Apr 1, 2021 | MAGX vs XDSQ | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 18.18% | Jul 1, 2021 | MAGX vs XTJL |
Lowest Drawdown Alternatives to MAGX
MAGX alternatives from the Leveraged Equities category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -11.83% | Apr 1, 2021 | MAGX vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -12.04% | Apr 1, 2021 | MAGX vs QTAP | |
| Innovator US Equity Accelerated ETF | -12.18% | Apr 1, 2021 | MAGX vs XDSQ | |
| Innovator Growth Accelerated ETF - Quarterly | -12.64% | Apr 1, 2021 | MAGX vs XDQQ | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -13.81% | Jul 1, 2021 | MAGX vs XTJL |
Other ETFs from Roundhill
Most popular Roundhill ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Roundhill Magnificent Seven ETF | Technology Equities | 62 | -12.16% | Apr 10, 2023 | MAGX vs MAGS | |
| Roundhill ETF Trust - Roundhill N-100 0DTE Covered... | Large Cap Blend Equities | 60 | -5.34% | Mar 6, 2024 | MAGX vs QDTE | |
| Roundhill S&P 500 0DTE Covered Call Strategy ETF | Derivative Income, S&P 500 | 48 | -3.43% | Mar 7, 2024 | MAGX vs XDTE | |
| Roundhill Bitcoin Covered Call Strategy ETF | Cryptocurrency | 7 | -18.34% | Jan 17, 2024 | MAGX vs YBTC | |
| Roundhill Generative AI & Technology ETF | Technology Equities | 95 | 4.90% | May 17, 2023 | MAGX vs CHAT | |
| Roundhill WeeklyPay™ Universe ETF | Derivative Income | — | -10.65% | Sep 3, 2025 | MAGX vs WPAY | |
| PLTR WeeklyPay™ ETF | Derivative Income | 61 | -22.36% | Feb 18, 2025 | MAGX vs PLTW | |
| Roundhill Magnificent Seven Covered Call ETF | Derivative Income | — | -9.64% | Apr 23, 2025 | MAGX vs MAGY | |
| Roundhill Small Cap 0DTE Covered Call Strategy ETF | Derivative Income | 50 | 0.31% | Sep 9, 2024 | MAGX vs RDTE | |
| Roundhill HOOD WeeklyPay ETF | Leveraged Equities, Derivative Income | — | -45.24% | Jun 18, 2025 | MAGX vs HOOW |
Often Compared With MAGX
What investors most often compare with MAGX, 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.