FTEC vs. MAGS

Last updated Aug 4, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and MAGS (Roundhill Magnificent Seven ETF) are both Technology Equities funds. FTEC is passively managed, while MAGS is actively managed. Over the past 3 years, FTEC returned 29.49%/yr vs 31.47%/yr for MAGS. Their correlation of 0.80 means they have usually moved in the same direction. FTEC charges 0.08%/yr vs 0.30%/yr for MAGS.

Performance

FTEC vs. MAGS - Performance Comparison

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

Returns By Period

In the year-to-date period, FTEC achieves a 22.53% return, which is significantly higher than MAGS's 3.67% return.

FTEC

• 1D: 1.71%
• 1M: 0.31%
• 6M: 22.49%
• YTD: 22.53%
• 1Y: 37.50%
• 3Y*: 29.49%
• 5Y*: 18.32%
• 10Y*: 23.79%
• ALL TIME*: 21.60%

MAGS

• 1D: 3.67%
• 1M: 5.04%
• 6M: 3.36%
• YTD: 3.67%
• 1Y: 22.31%
• 3Y*: 31.47%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 37.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTEC Fidelity MSCI Information Technology Index ETF	$86.23M	$78.73M	$94.95M
MAGS Roundhill Magnificent Seven ETF	$304.05M	$305.41M	$288.45M

FTEC vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTEC Fidelity MSCI Information Technology Index ETF	22.53%	22.11%	29.40%	28.76%
MAGS Roundhill Magnificent Seven ETF	3.67%	22.99%	63.97%	35.74%

Correlation

The correlation between FTEC and MAGS is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023	0.80

The correlation between FTEC and MAGS has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.

FTEC vs. MAGS - Sectors Allocation Comparison

Sectors	FTEC	MAGS
Technology	98.6%	13.0%
Communication Services	0.5%	6.5%
Financial Services	0.5%	-
Industrials	0.3%	-
Energy	0.3%	-
Consumer Cyclical	0.1%	6.2%
Basic Materials	0.0%	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FTEC vs. MAGS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTEC

FTEC Risk / Return Rank: 61
FTEC Sharpe Ratio Rank: 66
FTEC Sortino Ratio Rank: 61
FTEC Omega Ratio Rank: 60
FTEC Calmar Ratio Rank: 65
FTEC Martin Ratio Rank: 52

MAGS

MAGS Risk / Return Rank: 37
MAGS Sharpe Ratio Rank: 40
MAGS Sortino Ratio Rank: 39
MAGS Omega Ratio Rank: 37
MAGS Calmar Ratio Rank: 35
MAGS Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTEC vs. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FTEC	MAGS	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.00	+0.55
Sortino ratio: Return per unit of downside risk	2.10	1.48	+0.62
Omega ratio: Gain probability vs. loss probability	1.26	1.18	+0.08
Calmar ratio: Return relative to maximum drawdown	2.32	1.20	+1.11
Martin ratio: Return relative to average drawdown	6.23	3.54	+2.69

FTEC vs. MAGS - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 1.55, which is higher than the MAGS Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of FTEC 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.

Drawdowns

FTEC vs. MAGS - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for FTEC and MAGS.

Drawdown Indicators

	FTEC	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-29.91%	-5.04%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-18.62%	+2.36%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	-29.91%	+2.61%
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.95%	—	—
Current Drawdown Current decline from peak	-8.48%	-3.61%	-4.87%
Average Drawdown Average peak-to-trough decline	-5.59%	-4.85%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.04%	6.31%	-0.27%

Volatility

FTEC vs. MAGS - Volatility Comparison

Fidelity MSCI Information Technology Index ETF (FTEC) and Roundhill Magnificent Seven ETF (MAGS) have volatilities of 8.41% and 8.68%, 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.

Volatility by Period

	FTEC	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.41%	8.68%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	20.16%	17.74%	+2.42%
Volatility (1Y) Calculated over the trailing 1-year period	24.30%	22.36%	+1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.89%	26.15%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.99%	26.15%	-1.16%

FTEC vs. MAGS - Expense Ratio Comparison

FTEC has a 0.08% expense ratio, which is lower than MAGS's 0.30% expense ratio.

Dividends

FTEC vs. MAGS - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.36%, less than MAGS's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.36%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
MAGS Roundhill Magnificent Seven ETF	1.43%	1.48%	0.81%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTEC and MAGS in my portfolio?

FTEC and MAGS have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTEC or MAGS?

MAGS has higher volatility (8.68%) compared to FTEC (8.41%). In terms of maximum drawdown, FTEC dropped -34.95% vs MAGS's -29.91%.

Which ETF is better, FTEC or MAGS?

On 3-year performance, MAGS leads with 31.47% vs 29.49% for FTEC. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 8.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTEC or MAGS?

Over the 3-year period, MAGS has performed better with a 31.47% return vs 29.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTEC or MAGS?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.30% for MAGS.

Which ETF pays a higher dividend yield, FTEC or MAGS?

MAGS has the higher dividend yield at 1.43%, compared with 0.36% for FTEC.

What is the main difference between FTEC and MAGS?

They also come from different issuers: Fidelity and Roundhill. Their fees differ too: 0.08% for FTEC and 0.30% for MAGS.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (1.55 vs 1.00), 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.