^SPLRCT vs. MAGS
^SPLRCT (S&P 500 Information Technology Index) is an index, while MAGS (Roundhill Magnificent Seven ETF) is Technology Equities fund actively managed by Roundhill. Over the past 3 years, ^SPLRCT returned 35.03%/yr vs 33.71%/yr for MAGS. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
^SPLRCT vs. MAGS - Performance Comparison
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Returns By Period
In the year-to-date period, ^SPLRCT achieves a 27.76% return, which is significantly higher than MAGS's 3.73% return.
^SPLRCT
- 1D
- 0.92%
- 1M
- 18.40%
- YTD
- 27.76%
- 6M
- 26.78%
- 1Y
- 56.77%
- 3Y*
- 35.03%
- 5Y*
- 24.69%
- 10Y*
- 25.87%
MAGS
- 1D
- -1.08%
- 1M
- 2.17%
- YTD
- 3.73%
- 6M
- 3.62%
- 1Y
- 31.34%
- 3Y*
- 33.71%
- 5Y*
- —
- 10Y*
- —
^SPLRCT vs. MAGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
^SPLRCT S&P 500 Information Technology Index | 27.76% | 23.31% | 35.69% | 31.78% |
MAGS Roundhill Magnificent Seven ETF | 3.73% | 22.99% | 63.97% | 37.32% |
Correlation
The correlation between ^SPLRCT and MAGS is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2023 | 0.84 |
The correlation between ^SPLRCT and MAGS has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
^SPLRCT vs. MAGS — Risk / Return Rank
^SPLRCT
MAGS
^SPLRCT vs. MAGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Information Technology Index (^SPLRCT) and Roundhill Magnificent Seven ETF (MAGS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ^SPLRCT | MAGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.27 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 1.69 | +1.54 |
| Martin ratioReturn relative to average drawdown | 9.79 | 5.85 | +3.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^SPLRCT | MAGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.97 | 1.57 | +1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.55 | -1.04 |
Drawdowns
^SPLRCT vs. MAGS - Drawdown Comparison
The maximum ^SPLRCT drawdown since its inception was -82.51%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for ^SPLRCT and MAGS.
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Drawdown Indicators
| ^SPLRCT | MAGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.51% | -29.91% | -52.60% |
Max Drawdown (1Y)Largest decline over 1 year | -18.41% | -18.62% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -26.91% | -29.91% | +3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.27% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.55% | +3.55% |
Average DrawdownAverage peak-to-trough decline | -29.38% | -4.70% | -24.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 5.37% | +0.68% |
Volatility
^SPLRCT vs. MAGS - Volatility Comparison
S&P 500 Information Technology Index (^SPLRCT) has a higher volatility of 5.81% compared to Roundhill Magnificent Seven ETF (MAGS) at 4.80%. This indicates that ^SPLRCT's price experiences larger fluctuations and is considered to be riskier than MAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^SPLRCT | MAGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 4.80% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 14.31% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.03% | 20.08% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.24% | 25.94% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.85% | 25.94% | -1.09% |
Frequently Asked Questions
^SPLRCT and MAGS have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^SPLRCT has higher volatility (5.81%) compared to MAGS (4.80%). In terms of maximum drawdown, ^SPLRCT dropped -82.51% vs MAGS's -29.91%.
^SPLRCT currently has the higher Sharpe Ratio (2.97 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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