MAG7.L vs. ^GSPC
MAG7.L (Leverage Shares 5x Long Magnificent 7 ETP Securities) is Leveraged Equities fund tracking the Solactive Magnificent 7 Index, while ^GSPC (S&P 500 Index) is an index. Over the past year, MAG7.L returned 126.01% vs 27.02% for ^GSPC. At a 0.47 correlation, their price movements are largely independent.
Performance
MAG7.L vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, MAG7.L achieves a -0.37% return, which is significantly lower than ^GSPC's 10.79% return.
MAG7.L
- 1D
- 5.22%
- 1M
- 13.25%
- YTD
- -0.37%
- 6M
- -1.40%
- 1Y
- 126.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
MAG7.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MAG7.L Leverage Shares 5x Long Magnificent 7 ETP Securities | -0.37% | -28.43% | 150.95% |
^GSPC S&P 500 Index | 10.79% | 16.39% | 13.03% |
Correlation
The correlation between MAG7.L and ^GSPC is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.47 |
The correlation between MAG7.L and ^GSPC has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
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Return for Risk
MAG7.L vs. ^GSPC — Risk / Return Rank
MAG7.L
^GSPC
MAG7.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long Magnificent 7 ETP Securities (MAG7.L) and S&P 500 Index (^GSPC). 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.
| MAG7.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.98 | -1.23 |
| Martin ratioReturn relative to average drawdown | 4.33 | 13.78 | -9.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAG7.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.28 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.47 | -0.23 |
Drawdowns
MAG7.L vs. ^GSPC - Drawdown Comparison
The maximum MAG7.L drawdown since its inception was -91.14%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MAG7.L and ^GSPC.
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Drawdown Indicators
| MAG7.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.14% | -56.78% | -34.36% |
Max Drawdown (1Y)Largest decline over 1 year | -71.56% | -9.10% | -62.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -45.38% | -0.33% | -45.05% |
Average DrawdownAverage peak-to-trough decline | -47.28% | -10.72% | -36.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.97% | 1.97% | +27.00% |
Volatility
MAG7.L vs. ^GSPC - Volatility Comparison
Leverage Shares 5x Long Magnificent 7 ETP Securities (MAG7.L) has a higher volatility of 27.50% compared to S&P 500 Index (^GSPC) at 2.88%. This indicates that MAG7.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAG7.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.50% | 2.88% | +24.62% |
Volatility (6M)Calculated over the trailing 6-month period | 71.68% | 9.00% | +62.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.62% | 11.89% | +85.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 124.75% | 16.90% | +107.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 124.75% | 18.06% | +106.69% |
Frequently Asked Questions
MAG7.L and ^GSPC have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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