EQQX.DE vs. MAGS
EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®, while MAGS is a Technology Equities fund actively managed by Roundhill. EQQX.DE is passively managed, while MAGS is actively managed. Over the past 3 years, EQQX.DE returned 25.43%/yr vs 30.62%/yr for MAGS. A 0.60 correlation means they provide meaningful diversification when combined. EQQX.DE charges 0.20%/yr vs 0.29%/yr for MAGS.
Performance
EQQX.DE vs. MAGS - Performance Comparison
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Different Trading Currencies
EQQX.DE is traded in EUR, while MAGS is traded in USD. To make them comparable, the MAGS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EQQX.DE achieves a 21.61% return, which is significantly higher than MAGS's 5.99% return.
EQQX.DE
- 1D
- 0.11%
- 1M
- 10.15%
- YTD
- 21.61%
- 6M
- 20.44%
- 1Y
- 39.08%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
MAGS
- 1D
- 0.88%
- 1M
- 3.68%
- YTD
- 5.99%
- 6M
- 4.44%
- 1Y
- 30.23%
- 3Y*
- 30.62%
- 5Y*
- —
- 10Y*
- —
EQQX.DE vs. MAGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 7.13% | 33.88% | 29.37% |
MAGS Roundhill Magnificent Seven ETF | 5.99% | 8.39% | 74.79% | 35.79% |
Correlation
The correlation between EQQX.DE and MAGS is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2023 | 0.60 |
The correlation between EQQX.DE and MAGS has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
EQQX.DE vs. MAGS — Risk / Return Rank
EQQX.DE
MAGS
EQQX.DE vs. MAGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) 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.
| EQQX.DE | MAGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.26 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 1.69 | +2.22 |
| Martin ratioReturn relative to average drawdown | 11.64 | 5.27 | +6.38 |
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
| EQQX.DE | MAGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 1.49 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 1.42 | -0.52 |
Drawdowns
EQQX.DE vs. MAGS - Drawdown Comparison
The maximum EQQX.DE drawdown since its inception was -31.17%, smaller than the maximum MAGS drawdown of -35.73%. Use the drawdown chart below to compare losses from any high point for EQQX.DE and MAGS.
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Drawdown Indicators
| EQQX.DE | MAGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -35.73% | +4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -17.97% | +8.00% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -35.73% | +8.93% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.16% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -6.00% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 5.75% | -2.39% |
Volatility
EQQX.DE vs. MAGS - Volatility Comparison
Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) and Roundhill Magnificent Seven ETF (MAGS) have volatilities of 4.15% and 4.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQQX.DE | MAGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 4.32% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 13.76% | -2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 20.36% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 26.67% | -6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 26.67% | -6.88% |
EQQX.DE vs. MAGS - Expense Ratio Comparison
EQQX.DE has a 0.20% expense ratio, which is lower than MAGS's 0.29% expense ratio.
Dividends
EQQX.DE vs. MAGS - Dividend Comparison
EQQX.DE has not paid dividends to shareholders, while MAGS's dividend yield for the trailing twelve months is around 1.41%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
MAGS Roundhill Magnificent Seven ETF | 1.41% | 1.48% | 0.81% | 0.44% |
Frequently Asked Questions
EQQX.DE and MAGS have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQQX.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQQX.DE is cheaper with a 0.20% expense ratio, compared with 0.29% for MAGS.
EQQX.DE is categorized as Nasdaq-100, while MAGS is Technology Equities. They also come from different issuers: Invesco and Roundhill. Their fees differ too: 0.20% for EQQX.DE and 0.29% for MAGS.
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