MAGC vs. CNQQ
MAGC (Roundhill China Magnificent Seven ETF) and CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) are both China Equities funds. MAGC is actively managed, while CNQQ is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. MAGC charges 0.59%/yr vs 0.75%/yr for CNQQ.
Performance
MAGC vs. CNQQ - Performance Comparison
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Returns By Period
In the year-to-date period, MAGC achieves a -28.24% return, which is significantly lower than CNQQ's 10.04% return.
MAGC
- 1D
- -2.66%
- 1M
- -12.97%
- YTD
- -28.24%
- 6M
- -28.22%
- 1Y
- -29.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNQQ
- 1D
- -3.47%
- 1M
- 1.11%
- YTD
- 10.04%
- 6M
- 9.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGC vs. CNQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MAGC Roundhill China Magnificent Seven ETF | -28.24% | -13.58% |
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF | 10.04% | -5.22% |
Correlation
The correlation between MAGC and CNQQ is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | 0.74 |
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Return for Risk
MAGC vs. CNQQ — Risk / Return Rank
MAGC
CNQQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MAGC vs. CNQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill China Magnificent Seven ETF (MAGC) and Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ). 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.
| MAGC | CNQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.83 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | — | — |
| Martin ratioReturn relative to average drawdown | -1.56 | — | — |
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Drawdowns
MAGC vs. CNQQ - Drawdown Comparison
The maximum MAGC drawdown since its inception was -39.70%, which is greater than CNQQ's maximum drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for MAGC and CNQQ.
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Drawdown Indicators
| MAGC | CNQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.70% | -17.82% | -21.88% |
Max Drawdown (1Y)Largest decline over 1 year | -39.70% | — | — |
Current DrawdownCurrent decline from peak | -39.70% | -3.47% | -36.23% |
Average DrawdownAverage peak-to-trough decline | -15.72% | -8.81% | -6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.83% | — | — |
Volatility
MAGC vs. CNQQ - Volatility Comparison
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Volatility by Period
| MAGC | CNQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.35% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.82% | 25.33% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.10% | 25.33% | +8.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.10% | 25.33% | +8.77% |
MAGC vs. CNQQ - Expense Ratio Comparison
MAGC has a 0.59% expense ratio, which is lower than CNQQ's 0.75% expense ratio.
Dividends
MAGC vs. CNQQ - Dividend Comparison
MAGC's dividend yield for the trailing twelve months is around 5.72%, more than CNQQ's 0.23% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF | 0.23% | 0.09% | 0.00% |
MAGC Roundhill China Magnificent Seven ETF | 5.72% | 4.10% | 1.02% |
Frequently Asked Questions
MAGC and CNQQ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MAGC is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MAGC is cheaper with a 0.59% expense ratio, compared with 0.75% for CNQQ.
MAGC has the higher dividend yield at 5.72%, compared with 0.23% for CNQQ.
They also come from different issuers: Roundhill and Rayliant. Their fees differ too: 0.59% for MAGC and 0.75% for CNQQ.
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