AMDW vs. MAGX

Last updated Jun 4, 2026

AMDW (Roundhill AMD WeeklyPay ETF) and MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) are both exchange-traded funds - AMDW is a Derivative Income fund actively managed by Roundhill, while MAGX is a Leveraged Equities fund actively managed by Roundhill. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. AMDW charges 0.99%/yr vs 0.95%/yr for MAGX.

Performance

AMDW vs. MAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMD WeeklyPay ETF (AMDW) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMDW achieves a 192.40% return, which is significantly higher than MAGX's 1.49% return.

AMDW

• 1D: 4.91%
• 1M: 72.80%
• YTD: 192.40%
• 6M: 186.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGX

• 1D: -2.59%
• 1M: 3.29%
• YTD: 1.49%
• 6M: 0.41%
• 1Y: 50.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDW vs. MAGX - Yearly Performance Comparison

	2026 (YTD)	2025
AMDW Roundhill AMD WeeklyPay ETF	192.40%	34.24%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	1.49%	27.66%

Correlation

The correlation between AMDW and MAGX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.43

AMDW vs. MAGX - Sectors Allocation Comparison

Sectors	AMDW	MAGX
Technology	28.6%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	25.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AMDW vs. MAGX — Risk / Return Rank

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

MAGX

MAGX Risk / Return Rank: 31
MAGX Sharpe Ratio Rank: 35
MAGX Sortino Ratio Rank: 33
MAGX Omega Ratio Rank: 32
MAGX Calmar Ratio Rank: 28
MAGX Martin Ratio Rank: 29

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.

AMDW vs. MAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMD WeeklyPay ETF (AMDW) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AMDW	MAGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.83	0.85	+3.98

Drawdowns

AMDW vs. MAGX - Drawdown Comparison

The maximum AMDW drawdown since its inception was -34.64%, smaller than the maximum MAGX drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for AMDW and MAGX.

Drawdown Indicators

	AMDW	MAGX	Difference
Max Drawdown Largest peak-to-trough decline	-34.64%	-54.19%	+19.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-37.24%	—
Current Drawdown Current decline from peak	0.00%	-7.49%	+7.49%
Average Drawdown Average peak-to-trough decline	-14.66%	-13.78%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.09%	—

Volatility

Volatility by Period

	AMDW	MAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	81.56%	39.88%	+41.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.56%	53.52%	+28.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.56%	53.52%	+28.04%

AMDW vs. MAGX - Expense Ratio Comparison

AMDW has a 0.99% expense ratio, which is higher than MAGX's 0.95% expense ratio.

Dividends

AMDW vs. MAGX - Dividend Comparison

AMDW's dividend yield for the trailing twelve months is around 28.98%, more than MAGX's 2.02% yield.

Position	TTM	2025	2024
AMDW Roundhill AMD WeeklyPay ETF	28.98%	34.78%	0.00%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.02%	2.05%	0.86%

Frequently Asked Questions

Can I hold both AMDW and MAGX in my portfolio?

AMDW and MAGX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMDW or MAGX?

On fees, MAGX is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMDW or MAGX?

MAGX is cheaper with a 0.95% expense ratio, compared with 0.99% for AMDW.

Which ETF pays a higher dividend yield, AMDW or MAGX?

AMDW has the higher dividend yield at 28.98%, compared with 2.02% for MAGX.

What is the main difference between AMDW and MAGX?

AMDW is categorized as Derivative Income, while MAGX is Leveraged Equities. Their fees differ too: 0.99% for AMDW and 0.95% for MAGX.