FNGO vs. MAGX
Compare and contrast key facts about MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX).
FNGO and MAGX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNGO is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG+ Index (+200%). It was launched on Aug 1, 2018. MAGX 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: FNGO or MAGX.
Correlation
The correlation between FNGO and MAGX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FNGO vs. MAGX - Performance Comparison
Key characteristics
FNGO:
0.09
MAGX:
-0.05
FNGO:
0.57
MAGX:
0.38
FNGO:
1.08
MAGX:
1.05
FNGO:
0.12
MAGX:
-0.06
FNGO:
0.34
MAGX:
-0.16
FNGO:
16.90%
MAGX:
19.53%
FNGO:
63.63%
MAGX:
64.36%
FNGO:
-78.39%
MAGX:
-54.18%
FNGO:
-43.92%
MAGX:
-54.18%
Returns By Period
In the year-to-date period, FNGO achieves a -36.96% return, which is significantly higher than MAGX's -47.98% return.
FNGO
-36.96%
-21.78%
-24.22%
16.54%
37.52%
N/A
MAGX
-47.98%
-28.53%
-33.27%
4.84%
N/A
N/A
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FNGO vs. MAGX - Expense Ratio Comparison
Both FNGO and MAGX have an expense ratio of 0.95%.
Risk-Adjusted Performance
FNGO vs. MAGX — Risk-Adjusted Performance Rank
FNGO
MAGX
FNGO vs. MAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) 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.
Dividends
FNGO vs. MAGX - Dividend Comparison
FNGO has not paid dividends to shareholders, while MAGX's dividend yield for the trailing twelve months is around 1.65%.
| TTM | 2024 | |
|---|---|---|
FNGO MicroSectors FANG+ Index 2X Leveraged ETN | 0.00% | 0.00% |
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 1.65% | 0.86% |
Drawdowns
FNGO vs. MAGX - Drawdown Comparison
The maximum FNGO drawdown since its inception was -78.39%, which is greater than MAGX's maximum drawdown of -54.18%. Use the drawdown chart below to compare losses from any high point for FNGO and MAGX. For additional features, visit the drawdowns tool.
Volatility
FNGO vs. MAGX - Volatility Comparison
MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) have volatilities of 36.89% and 38.18%, 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.