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^SPLRCT vs. MAGS
Performance
Return for Risk
Drawdowns
Volatility

Performance

^SPLRCT vs. MAGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 500 Information Technology Index (^SPLRCT) and Roundhill Magnificent Seven ETF (MAGS). The values are adjusted to include any dividend payments, if applicable.

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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*
*Multi-year figures are annualized to reflect compound growth (CAGR)

^SPLRCT vs. MAGS - Yearly Performance Comparison


2026 (YTD)202520242023
^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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^SPLRCT
^SPLRCT Risk / Return Rank: 8383
Overall Rank
^SPLRCT Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
^SPLRCT Sortino Ratio Rank: 9090
Sortino Ratio Rank
^SPLRCT Omega Ratio Rank: 8989
Omega Ratio Rank
^SPLRCT Calmar Ratio Rank: 7979
Calmar Ratio Rank
^SPLRCT Martin Ratio Rank: 6565
Martin Ratio Rank

MAGS
MAGS Risk / Return Rank: 3939
Overall Rank
MAGS Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
MAGS Sortino Ratio Rank: 4242
Sortino Ratio Rank
MAGS Omega Ratio Rank: 4040
Omega Ratio Rank
MAGS Calmar Ratio Rank: 3333
Calmar Ratio Rank
MAGS Martin Ratio Rank: 3737
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^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.


^SPLRCTMAGSDifference
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

^SPLRCT vs. MAGS - Sharpe Ratio Comparison

The current ^SPLRCT Sharpe Ratio is 2.97, which is higher than the MAGS Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of ^SPLRCT and MAGS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


^SPLRCTMAGSDifference

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


^SPLRCTMAGSDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

0.00%

-3.55%

+3.55%

Average Drawdown

Average peak-to-trough decline

-29.38%

-4.70%

-24.68%

Ulcer Index

Depth 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


^SPLRCTMAGSDifference

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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