LOHA vs. MAGX

Last updated Jun 26, 2026

LOHA (Roundhill HALO ETF) and MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) are both exchange-traded funds - LOHA is a Large Cap Blend Equities fund tracking the Akros U.S. Heavy Assets Low Obsolescence (HALO) Index, while MAGX is a Leveraged Equities fund actively managed by Roundhill. LOHA is passively managed, while MAGX is actively managed. At a 0.39 correlation, their price movements are largely independent. LOHA charges 0.35%/yr vs 0.95%/yr for MAGX.

Performance

LOHA vs. MAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HALO ETF (LOHA) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LOHA

• 1D: 1.56%
• 1M: 2.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGX

• 1D: -4.67%
• 1M: -23.42%
• YTD: -19.29%
• 6M: -22.45%
• 1Y: 14.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LOHA vs. MAGX - Yearly Performance Comparison

	2026 (YTD)
LOHA Roundhill HALO ETF	2.99%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-25.81%

Correlation

The correlation between LOHA and MAGX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 14, 2026	0.39

Return for Risk

LOHA vs. MAGX — Risk / Return Rank

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

LOHA

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

MAGX

MAGX Risk / Return Rank: 14
MAGX Sharpe Ratio Rank: 14
MAGX Sortino Ratio Rank: 15
MAGX Omega Ratio Rank: 15
MAGX Calmar Ratio Rank: 13
MAGX Martin Ratio Rank: 14

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.

LOHA vs. MAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HALO ETF (LOHA) 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.

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.

	LOHA	MAGX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.35	—
Sortino ratio: Return per unit of downside risk	—	0.75	—
Omega ratio: Gain probability vs. loss probability	—	1.09	—
Calmar ratio: Return relative to maximum drawdown	—	0.40	—
Martin ratio: Return relative to average drawdown	—	1.16	—

Drawdowns

LOHA vs. MAGX - Drawdown Comparison

The maximum LOHA drawdown since its inception was -2.48%, smaller than the maximum MAGX drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for LOHA and MAGX.

Drawdown Indicators

	LOHA	MAGX	Difference
Max Drawdown Largest peak-to-trough decline	-2.48%	-54.19%	+51.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-37.24%	—
Current Drawdown Current decline from peak	0.00%	-26.43%	+26.43%
Average Drawdown Average peak-to-trough decline	-0.90%	-13.83%	+12.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.78%	—

Volatility

Volatility by Period

	LOHA	MAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.09%	41.87%	-26.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	53.78%	-38.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.09%	53.78%	-38.69%

LOHA vs. MAGX - Expense Ratio Comparison

LOHA has a 0.35% expense ratio, which is lower than MAGX's 0.95% expense ratio.

Dividends

LOHA vs. MAGX - Dividend Comparison

LOHA has not paid dividends to shareholders, while MAGX's dividend yield for the trailing twelve months is around 2.54%.

Position	TTM	2025	2024
LOHA Roundhill HALO ETF	0.00%	0.00%	0.00%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.54%	2.05%	0.86%

Frequently Asked Questions

Can I hold both LOHA and MAGX in my portfolio?

LOHA and MAGX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LOHA or MAGX?

On fees, LOHA is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LOHA or MAGX?

LOHA is cheaper with a 0.35% expense ratio, compared with 0.95% for MAGX.

Which ETF pays a higher dividend yield, LOHA or MAGX?

MAGX has the higher dividend yield at 2.54%, compared with 0.00% for LOHA.

What is the main difference between LOHA and MAGX?

LOHA is categorized as Large Cap Blend Equities, while MAGX is Leveraged Equities. Their fees differ too: 0.35% for LOHA and 0.95% for MAGX.