KCE vs. MAGS

Last updated Jun 13, 2026

KCE (SPDR S&P Capital Markets ETF) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - KCE is a Financials Equities fund tracking the S&P Capital Markets Select Industry Index, while MAGS is a Technology Equities fund actively managed by Roundhill. KCE is passively managed, while MAGS is actively managed. Over the past 3 years, KCE returned 24.58%/yr vs 31.29%/yr for MAGS. At a 0.46 correlation, their price movements are largely independent. KCE charges 0.35%/yr vs 0.29%/yr for MAGS.

Performance

KCE vs. MAGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Capital Markets ETF (KCE) 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, KCE achieves a 3.66% return, which is significantly higher than MAGS's -1.59% return.

KCE

• 1D: 1.60%
• 1M: 1.26%
• YTD: 3.66%
• 6M: 2.73%
• 1Y: 14.27%
• 3Y*: 24.58%
• 5Y*: 12.87%
• 10Y*: 17.65%

MAGS

• 1D: 0.00%
• 1M: -7.97%
• YTD: -1.59%
• 6M: -0.43%
• 1Y: 23.09%
• 3Y*: 31.29%
• 5Y*: —
• 10Y*: —

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

KCE vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KCE SPDR S&P Capital Markets ETF	3.66%	10.76%	37.51%	27.81%
MAGS Roundhill Magnificent Seven ETF	-1.59%	22.99%	63.97%	35.74%

Correlation

The correlation between KCE and MAGS is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023	0.46

KCE vs. MAGS - Sectors Allocation Comparison

Sectors	KCE	MAGS
Financial Services	98.5%	-
Technology	1.5%	15.3%
Basic Materials	-	-
Communication Services	-	9.1%
Consumer Cyclical	-	10.3%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

KCE vs. MAGS — Risk / Return Rank

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

KCE

KCE Risk / Return Rank: 22
KCE Sharpe Ratio Rank: 23
KCE Sortino Ratio Rank: 22
KCE Omega Ratio Rank: 22
KCE Calmar Ratio Rank: 21
KCE Martin Ratio Rank: 20

MAGS

MAGS Risk / Return Rank: 33
MAGS Sharpe Ratio Rank: 36
MAGS Sortino Ratio Rank: 34
MAGS Omega Ratio Rank: 34
MAGS Calmar Ratio Rank: 29
MAGS Martin Ratio Rank: 32

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.

KCE vs. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Capital Markets ETF (KCE) 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.

	KCE	MAGS	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.14	-0.43
Sortino ratio: Return per unit of downside risk	1.08	1.62	-0.54
Omega ratio: Gain probability vs. loss probability	1.13	1.20	-0.07
Calmar ratio: Return relative to maximum drawdown	0.82	1.25	-0.42
Martin ratio: Return relative to average drawdown	2.14	4.21	-2.07

KCE vs. MAGS - Sharpe Ratio Comparison

The current KCE Sharpe Ratio is 0.71, which is lower than the MAGS Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of KCE 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

KCE vs. MAGS - Drawdown Comparison

The maximum KCE drawdown since its inception was -74.00%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for KCE and MAGS.

Drawdown Indicators

	KCE	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-74.00%	-29.91%	-44.09%
Max Drawdown (1Y) Largest decline over 1 year	-17.44%	-18.62%	+1.18%
Max Drawdown (3Y) Largest decline over 3 years	-26.31%	-29.91%	+3.60%
Max Drawdown (5Y) Largest decline over 5 years	-34.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.78%	—	—
Current Drawdown Current decline from peak	-3.75%	-8.50%	+4.75%
Average Drawdown Average peak-to-trough decline	-22.78%	-4.72%	-18.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.70%	5.50%	+1.20%

Volatility

KCE vs. MAGS - Volatility Comparison

SPDR S&P Capital Markets ETF (KCE) and Roundhill Magnificent Seven ETF (MAGS) have volatilities of 6.04% and 5.86%, 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

	KCE	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	5.86%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	15.31%	15.07%	+0.24%
Volatility (1Y) Calculated over the trailing 1-year period	20.12%	20.30%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.08%	25.97%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.10%	25.97%	-2.87%

KCE vs. MAGS - Expense Ratio Comparison

KCE has a 0.35% expense ratio, which is higher than MAGS's 0.29% expense ratio.

Dividends

KCE vs. MAGS - Dividend Comparison

KCE's dividend yield for the trailing twelve months is around 1.67%, more than MAGS's 1.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KCE SPDR S&P Capital Markets ETF	1.67%	1.63%	1.56%	1.82%	2.42%	1.53%	2.20%	2.32%	2.67%	1.95%	2.30%	2.43%
MAGS Roundhill Magnificent Seven ETF	1.50%	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 KCE and MAGS in my portfolio?

KCE and MAGS have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KCE or MAGS?

KCE has higher volatility (6.04%) compared to MAGS (5.86%). In terms of maximum drawdown, KCE dropped -74.00% vs MAGS's -29.91%.

Which ETF is better, KCE or MAGS?

On 3-year performance, MAGS leads with 31.29% vs 24.58% for KCE. On fees, MAGS is cheaper at 0.29% per year. On volatility, MAGS has been the lower-risk option at 5.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KCE or MAGS?

Over the 3-year period, MAGS has performed better with a 31.29% return vs 24.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KCE or MAGS?

MAGS is cheaper with a 0.29% expense ratio, compared with 0.35% for KCE.

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

KCE has the higher dividend yield at 1.67%, compared with 1.50% for MAGS.

What is the main difference between KCE and MAGS?

KCE is categorized as Financials Equities, while MAGS is Technology Equities. They also come from different issuers: State Street and Roundhill. Their fees differ too: 0.35% for KCE and 0.29% for MAGS.

Which has better risk-adjusted returns?

MAGS currently has the higher Sharpe Ratio (1.14 vs 0.71), 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.