MAGQ vs. EFIV
Compare and contrast key facts about Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and SPDR S&P 500 ESG ETF (EFIV).
MAGQ and EFIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAGQ is an actively managed fund by Roundhill. It was launched on Feb 28, 2024. EFIV is a passively managed fund by State Street that tracks the performance of the S&P 500 ESG Index. It was launched on Jul 27, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGQ or EFIV.
Performance
MAGQ vs. EFIV - Performance Comparison
Returns By Period
MAGQ
N/A
-7.74%
-20.51%
N/A
N/A
N/A
EFIV
24.64%
0.64%
11.53%
31.60%
N/A
N/A
Key characteristics
| MAGQ | EFIV | |
|---|---|---|
| Daily Std Dev | 26.66% | 12.40% |
| Max Drawdown | -29.85% | -24.53% |
| Current Drawdown | -28.45% | -1.54% |
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MAGQ vs. EFIV - Expense Ratio Comparison
MAGQ has a 0.95% expense ratio, which is higher than EFIV's 0.10% expense ratio.
Correlation
The correlation between MAGQ and EFIV is -0.71. 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.
Risk-Adjusted Performance
MAGQ vs. EFIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and SPDR S&P 500 ESG ETF (EFIV). 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.
Not enough dataDividends
MAGQ vs. EFIV - Dividend Comparison
MAGQ has not paid dividends to shareholders, while EFIV's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
MAGQ Roundhill Daily Inverse Magnificent Seven ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EFIV SPDR S&P 500 ESG ETF | 1.17% | 1.37% | 1.64% | 1.18% | 0.65% |
Drawdowns
MAGQ vs. EFIV - Drawdown Comparison
The maximum MAGQ drawdown since its inception was -29.85%, which is greater than EFIV's maximum drawdown of -24.53%. Use the drawdown chart below to compare losses from any high point for MAGQ and EFIV. For additional features, visit the drawdowns tool.
Volatility
MAGQ vs. EFIV - Volatility Comparison
Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) has a higher volatility of 9.57% compared to SPDR S&P 500 ESG ETF (EFIV) at 3.99%. This indicates that MAGQ's price experiences larger fluctuations and is considered to be riskier than EFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.