MAGC vs. CHAT

Last updated Jun 3, 2026

MAGC (Roundhill China Magnificent Seven ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - MAGC is a China Equities fund actively managed by Roundhill, while CHAT is a Technology Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, MAGC returned -15.61% vs 151.43% for CHAT. At a 0.44 correlation, their price movements are largely independent. MAGC charges 0.59%/yr vs 0.75%/yr for CHAT.

Performance

MAGC vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill China Magnificent Seven ETF (MAGC) and Roundhill Generative AI & Technology ETF (CHAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGC achieves a -15.36% return, which is significantly lower than CHAT's 75.46% return.

MAGC

• 1D: 4.10%
• 1M: -2.34%
• YTD: -15.36%
• 6M: -17.67%
• 1Y: -15.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHAT

• 1D: 1.39%
• 1M: 30.45%
• YTD: 75.46%
• 6M: 75.37%
• 1Y: 151.43%
• 3Y*: 55.85%
• 5Y*: —
• 10Y*: —

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

MAGC vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGC Roundhill China Magnificent Seven ETF	-15.36%	16.35%	-14.54%
CHAT Roundhill Generative AI & Technology ETF	75.46%	49.85%	7.69%

Correlation

The correlation between MAGC and CHAT is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 4, 2024	0.44

Return for Risk

MAGC vs. CHAT — Risk / Return Rank

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

MAGC

MAGC Risk / Return Rank: 4
MAGC Sharpe Ratio Rank: 4
MAGC Sortino Ratio Rank: 4
MAGC Omega Ratio Rank: 4
MAGC Calmar Ratio Rank: 5
MAGC Martin Ratio Rank: 5

CHAT

CHAT Risk / Return Rank: 95
CHAT Sharpe Ratio Rank: 97
CHAT Sortino Ratio Rank: 94
CHAT Omega Ratio Rank: 94
CHAT Calmar Ratio Rank: 96
CHAT Martin Ratio Rank: 94

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.

MAGC vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill China Magnificent Seven ETF (MAGC) and Roundhill Generative AI & Technology ETF (CHAT). 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.

	MAGC	CHAT	Difference
Sharpe ratio Return per unit of total volatility	-0.59	4.96	-5.55
Sortino ratio Return per unit of downside risk	-0.73	5.02	-5.75
Omega ratio Gain probability vs. loss probability	0.92	1.68	-0.76
Calmar ratio Return relative to maximum drawdown	-0.44	9.50	-9.94
Martin ratio Return relative to average drawdown	-0.85	28.10	-28.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAGC vs. CHAT - Sharpe Ratio Comparison

The current MAGC Sharpe Ratio is -0.59, which is lower than the CHAT Sharpe Ratio of 4.96. The chart below compares the historical Sharpe Ratios of MAGC and CHAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAGC	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.59	4.96	-5.55
Sharpe Ratio (All Time) Calculated using the full available price history	-0.29	1.99	-2.28

Drawdowns

MAGC vs. CHAT - Drawdown Comparison

The maximum MAGC drawdown since its inception was -32.86%, roughly equal to the maximum CHAT drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for MAGC and CHAT.

Drawdown Indicators

	MAGC	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-32.86%	-31.34%	-1.52%
Max Drawdown (1Y) Largest decline over 1 year	-32.86%	-16.28%	-16.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-31.34%	—
Current Drawdown Current decline from peak	-28.88%	0.00%	-28.88%
Average Drawdown Average peak-to-trough decline	-15.12%	-5.36%	-9.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.98%	5.51%	+11.47%

Volatility

MAGC vs. CHAT - Volatility Comparison

The current volatility for Roundhill China Magnificent Seven ETF (MAGC) is 10.63%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 11.54%. This indicates that MAGC experiences smaller price fluctuations and is considered to be less risky than CHAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGC	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.63%	11.54%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	19.54%	24.60%	-5.06%
Volatility (1Y) Calculated over the trailing 1-year period	26.65%	30.74%	-4.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.36%	29.92%	+4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.36%	29.92%	+4.44%

MAGC vs. CHAT - Expense Ratio Comparison

MAGC has a 0.59% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

MAGC vs. CHAT - Dividend Comparison

MAGC's dividend yield for the trailing twelve months is around 4.85%, more than CHAT's 1.62% yield.

Position	TTM	2025	2024
CHAT Roundhill Generative AI & Technology ETF	1.62%	2.85%	0.00%
MAGC Roundhill China Magnificent Seven ETF	4.85%	4.10%	1.02%

Frequently Asked Questions

Can I hold both MAGC and CHAT in my portfolio?

MAGC and CHAT have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAGC or CHAT?

CHAT has higher volatility (11.54%) compared to MAGC (10.63%). In terms of maximum drawdown, MAGC dropped -32.86% vs CHAT's -31.34%.

Which ETF is better, MAGC or CHAT?

On 1-year performance, CHAT leads with 151.43% vs -15.61% for MAGC. On fees, MAGC is cheaper at 0.59% per year. On volatility, MAGC has been the lower-risk option at 10.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGC or CHAT?

Over the 1-year period, CHAT has performed better with a 151.43% return vs -15.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGC or CHAT?

MAGC is cheaper with a 0.59% expense ratio, compared with 0.75% for CHAT.

Which ETF pays a higher dividend yield, MAGC or CHAT?

MAGC has the higher dividend yield at 4.85%, compared with 1.62% for CHAT.

What is the main difference between MAGC and CHAT?

MAGC is categorized as China Equities, while CHAT is Technology Equities. Their fees differ too: 0.59% for MAGC and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (4.96 vs -0.59), 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.