MAGC vs. FXP

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill China Magnificent Seven ETF (MAGC) and ProShares UltraShort FTSE China 50 (FXP).

MAGC and FXP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAGC is an actively managed fund by Roundhill. It was launched on Oct 3, 2024. FXP is a passively managed fund by ProShares that tracks the performance of the FTSE China 50 Net Tax USD (TR) (-200%). It was launched on Nov 8, 2007.

Performance

MAGC vs. FXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill China Magnificent Seven ETF (MAGC) and ProShares UltraShort FTSE China 50 (FXP). The values are adjusted to include any dividend payments, if applicable.

MAGC vs. FXP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGC Roundhill China Magnificent Seven ETF	-12.21%	16.35%	-14.54%
FXP ProShares UltraShort FTSE China 50	11.77%	-45.32%	14.11%

Returns By Period

In the year-to-date period, MAGC achieves a -12.21% return, which is significantly lower than FXP's 11.77% return.

MAGC

• 1D: 2.62%
• 1M: -0.97%
• YTD: -12.21%
• 6M: -24.11%
• 1Y: -18.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FXP

• 1D: -5.19%
• 1M: 7.12%
• YTD: 11.77%
• 6M: 25.78%
• 1Y: -12.70%
• 3Y*: -27.68%
• 5Y*: -16.72%
• 10Y*: -23.48%

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

MAGC vs. FXP - Expense Ratio Comparison

MAGC has a 0.59% expense ratio, which is lower than FXP's 0.95% expense ratio.

FXP

ProShares UltraShort FTSE China 50

MAGC

Roundhill China Magnificent Seven ETF

Return for Risk

MAGC vs. FXP — Risk / Return Rank

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

MAGC

MAGC Risk / Return Rank: 2
MAGC Sharpe Ratio Rank: 3
MAGC Sortino Ratio Rank: 3
MAGC Omega Ratio Rank: 3
MAGC Calmar Ratio Rank: 2
MAGC Martin Ratio Rank: 1

FXP

FXP Risk / Return Rank: 8
FXP Sharpe Ratio Rank: 7
FXP Sortino Ratio Rank: 9
FXP Omega Ratio Rank: 9
FXP Calmar Ratio Rank: 8
FXP Martin Ratio Rank: 10

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. FXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill China Magnificent Seven ETF (MAGC) and ProShares UltraShort FTSE China 50 (FXP). 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	FXP	Difference
Sharpe ratio Return per unit of total volatility	-0.61	-0.27	-0.34
Sortino ratio Return per unit of downside risk	-0.72	-0.07	-0.65
Omega ratio Gain probability vs. loss probability	0.92	0.99	-0.08
Calmar ratio Return relative to maximum drawdown	-0.69	-0.24	-0.45
Martin ratio Return relative to average drawdown	-1.52	-0.30	-1.22
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. FXP - Sharpe Ratio Comparison

The current MAGC Sharpe Ratio is -0.61, which is lower than the FXP Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of MAGC and FXP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MAGC	FXP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.61	-0.27	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.25	-0.44	+0.19

Correlation

The correlation between MAGC and FXP is -0.92. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

MAGC vs. FXP - Dividend Comparison

MAGC's dividend yield for the trailing twelve months is around 4.67%, more than FXP's 4.18% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MAGC Roundhill China Magnificent Seven ETF	4.67%	4.10%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FXP ProShares UltraShort FTSE China 50	4.18%	9.57%	3.55%	2.20%	0.06%	0.00%	0.06%	1.20%	0.16%

Drawdowns

MAGC vs. FXP - Drawdown Comparison

The maximum MAGC drawdown since its inception was -28.90%, smaller than the maximum FXP drawdown of -99.94%. Use the drawdown chart below to compare losses from any high point for MAGC and FXP.

Drawdown Indicators

	MAGC	FXP	Difference
Max Drawdown Largest peak-to-trough decline	-28.90%	-99.94%	+71.04%
Max Drawdown (1Y) Largest decline over 1 year	-28.90%	-52.42%	+23.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-87.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.29%	—
Current Drawdown Current decline from peak	-26.23%	-99.92%	+73.69%
Average Drawdown Average peak-to-trough decline	-13.68%	-94.10%	+80.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.24%	42.47%	-29.23%

Volatility

MAGC vs. FXP - Volatility Comparison

The current volatility for Roundhill China Magnificent Seven ETF (MAGC) is 9.34%, while ProShares UltraShort FTSE China 50 (FXP) has a volatility of 13.95%. This indicates that MAGC experiences smaller price fluctuations and is considered to be less risky than FXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGC	FXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.34%	13.95%	-4.61%
Volatility (6M) Calculated over the trailing 6-month period	18.38%	28.87%	-10.49%
Volatility (1Y) Calculated over the trailing 1-year period	30.93%	47.71%	-16.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.73%	63.04%	-28.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.73%	54.96%	-20.23%