BIGT vs. MAGQ
Compare and contrast key facts about Roundhill Magnificent Seven ETF (BIGT) and Roundhill Daily Inverse Magnificent Seven ETF (MAGQ).
BIGT and MAGQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BIGT is an actively managed fund by Roundhill. It was launched on Apr 10, 2023. MAGQ is an actively managed fund by Roundhill. It was launched on Feb 28, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIGT or MAGQ.
Key characteristics
| BIGT | MAGQ | |
|---|---|---|
| Daily Std Dev | 25.12% | 26.18% |
| Max Drawdown | -18.10% | -25.81% |
| Current Drawdown | -9.45% | -18.94% |
Correlation
The correlation between BIGT and MAGQ is -0.90. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BIGT vs. MAGQ - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BIGT vs. MAGQ - Expense Ratio Comparison
BIGT has a 0.29% expense ratio, which is lower than MAGQ's 0.95% expense ratio.
Risk-Adjusted Performance
BIGT vs. MAGQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (BIGT) and Roundhill Daily Inverse Magnificent Seven ETF (MAGQ). 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.
Not enough dataDividends
BIGT vs. MAGQ - Dividend Comparison
BIGT's dividend yield for the trailing twelve months is around 0.32%, while MAGQ has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
BIGT Roundhill Magnificent Seven ETF | 0.32% | 0.44% |
MAGQ Roundhill Daily Inverse Magnificent Seven ETF | 0.00% | 0.00% |
Drawdowns
BIGT vs. MAGQ - Drawdown Comparison
The maximum BIGT drawdown since its inception was -18.10%, smaller than the maximum MAGQ drawdown of -25.81%. Use the drawdown chart below to compare losses from any high point for BIGT and MAGQ. For additional features, visit the drawdowns tool.
Volatility
BIGT vs. MAGQ - Volatility Comparison
The current volatility for Roundhill Magnificent Seven ETF (BIGT) is 7.93%, while Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) has a volatility of 8.36%. This indicates that BIGT experiences smaller price fluctuations and is considered to be less risky than MAGQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.