IVES vs. MAGS

Last updated Apr 1, 2026

Compare and contrast key facts about Dan IVES Wedbush AI Revolution ETF (IVES) and Roundhill Magnificent Seven ETF (MAGS).

IVES and MAGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVES is a passively managed fund by Wedbush that tracks the performance of the Solactive Wedbush Artificial Intelligence Index. It was launched on Jun 4, 2025. MAGS is an actively managed fund by Roundhill. It was launched on Apr 10, 2023.

Performance

IVES vs. MAGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) and Roundhill Magnificent Seven ETF (MAGS). The values are adjusted to include any dividend payments, if applicable.

IVES vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	-10.25%	25.06%
MAGS Roundhill Magnificent Seven ETF	-12.16%	26.40%

Returns By Period

In the year-to-date period, IVES achieves a -10.25% return, which is significantly higher than MAGS's -12.16% return.

IVES

• 1D: 4.61%
• 1M: -4.73%
• YTD: -10.25%
• 6M: -11.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGS

• 1D: 4.60%
• 1M: -5.56%
• YTD: -12.16%
• 6M: -9.36%
• 1Y: 28.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVES vs. MAGS - Expense Ratio Comparison

IVES has a 0.75% expense ratio, which is higher than MAGS's 0.29% expense ratio.

IVES

Dan IVES Wedbush AI Revolution ETF

MAGS

Roundhill Magnificent Seven ETF

Return for Risk

IVES vs. MAGS — Risk / Return Rank

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

MAGS

MAGS Risk / Return Rank: 62
MAGS Sharpe Ratio Rank: 59
MAGS Sortino Ratio Rank: 67
MAGS Omega Ratio Rank: 62
MAGS Calmar Ratio Rank: 63
MAGS Martin Ratio Rank: 58

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.

IVES vs. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) 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.

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

Sharpe Ratios by Period

	IVES	MAGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.34	-0.73

Correlation

The correlation between IVES and MAGS is 0.76, 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.

Dividends

IVES vs. MAGS - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.46%, less than MAGS's 1.68% yield.

	TTM	2025	2024	2023
IVES Dan IVES Wedbush AI Revolution ETF	0.46%	0.41%	0.00%	0.00%
MAGS Roundhill Magnificent Seven ETF	1.68%	1.48%	0.81%	0.44%

Drawdowns

IVES vs. MAGS - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, smaller than the maximum MAGS drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for IVES and MAGS.

Drawdown Indicators

	IVES	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-29.91%	+7.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.62%	—
Current Drawdown Current decline from peak	-19.07%	-14.87%	-4.20%
Average Drawdown Average peak-to-trough decline	-5.65%	-4.75%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.29%	—

Volatility

Volatility by Period

	IVES	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.09%	28.68%	-3.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.09%	26.29%	-1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.09%	26.29%	-1.20%