MAGC vs. GXC

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill China Magnificent Seven ETF (MAGC) and SPDR S&P China ETF (GXC).

MAGC and GXC 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. GXC is a passively managed fund by State Street that tracks the performance of the S&P China BMI Index. It was launched on Mar 19, 2007.

Performance

MAGC vs. GXC - Performance Comparison

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

MAGC vs. GXC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGC Roundhill China Magnificent Seven ETF	-12.21%	16.35%	-14.54%
GXC SPDR S&P China ETF	-3.81%	30.84%	-12.27%

Returns By Period

In the year-to-date period, MAGC achieves a -12.21% return, which is significantly lower than GXC's -3.81% return.

MAGC

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

GXC

• 1D: 2.12%
• 1M: -5.26%
• YTD: -3.81%
• 6M: -10.09%
• 1Y: 11.04%
• 3Y*: 7.34%
• 5Y*: -4.55%
• 10Y*: 5.19%

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

MAGC vs. GXC - Expense Ratio Comparison

Both MAGC and GXC have an expense ratio of 0.59%.

MAGC

Roundhill China Magnificent Seven ETF

GXC

SPDR S&P China ETF

Return for Risk

MAGC vs. GXC — 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

GXC

GXC Risk / Return Rank: 29
GXC Sharpe Ratio Rank: 29
GXC Sortino Ratio Rank: 29
GXC Omega Ratio Rank: 29
GXC Calmar Ratio Rank: 29
GXC Martin Ratio Rank: 27

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. GXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill China Magnificent Seven ETF (MAGC) and SPDR S&P China ETF (GXC). 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	GXC	Difference
Sharpe ratio Return per unit of total volatility	-0.61	0.49	-1.10
Sortino ratio Return per unit of downside risk	-0.72	0.80	-1.52
Omega ratio Gain probability vs. loss probability	0.92	1.11	-0.20
Calmar ratio Return relative to maximum drawdown	-0.69	0.65	-1.34
Martin ratio Return relative to average drawdown	-1.52	2.06	-3.58
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. GXC - Sharpe Ratio Comparison

The current MAGC Sharpe Ratio is -0.61, which is lower than the GXC Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of MAGC and GXC, 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	GXC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.61	0.49	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.25	0.16	-0.41

Correlation

The correlation between MAGC and GXC is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MAGC vs. GXC - Dividend Comparison

MAGC's dividend yield for the trailing twelve months is around 4.67%, more than GXC's 2.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAGC Roundhill China Magnificent Seven ETF	4.67%	4.10%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GXC SPDR S&P China ETF	2.50%	2.40%	2.81%	3.70%	2.67%	1.35%	1.04%	1.60%	2.03%	1.84%	2.05%	2.85%

Drawdowns

MAGC vs. GXC - Drawdown Comparison

The maximum MAGC drawdown since its inception was -28.90%, smaller than the maximum GXC drawdown of -71.96%. Use the drawdown chart below to compare losses from any high point for MAGC and GXC.

Drawdown Indicators

	MAGC	GXC	Difference
Max Drawdown Largest peak-to-trough decline	-28.90%	-71.96%	+43.06%
Max Drawdown (1Y) Largest decline over 1 year	-28.90%	-16.56%	-12.34%
Max Drawdown (5Y) Largest decline over 5 years	—	-54.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.23%	—
Current Drawdown Current decline from peak	-26.23%	-32.02%	+5.79%
Average Drawdown Average peak-to-trough decline	-13.68%	-28.81%	+15.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.24%	5.20%	+8.04%

Volatility

MAGC vs. GXC - Volatility Comparison

Roundhill China Magnificent Seven ETF (MAGC) has a higher volatility of 9.34% compared to SPDR S&P China ETF (GXC) at 6.79%. This indicates that MAGC's price experiences larger fluctuations and is considered to be riskier than GXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGC	GXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.34%	6.79%	+2.55%
Volatility (6M) Calculated over the trailing 6-month period	18.38%	13.72%	+4.66%
Volatility (1Y) Calculated over the trailing 1-year period	30.93%	22.59%	+8.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.73%	28.94%	+5.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.73%	26.08%	+8.65%