MAGQ vs. FNGS
Compare and contrast key facts about Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and MicroSectors FANG+ ETN (FNGS).
MAGQ and FNGS 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. FNGS is a passively managed fund by BMO Financial Group that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGQ or FNGS.
Correlation
The correlation between MAGQ and FNGS is -0.69. 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.
Performance
MAGQ vs. FNGS - Performance Comparison
Key characteristics
Returns By Period
MAGQ
N/A
N/A
N/A
N/A
N/A
N/A
FNGS
1.20%
-0.53%
22.06%
45.82%
31.45%
N/A
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MAGQ vs. FNGS - Expense Ratio Comparison
MAGQ has a 0.95% expense ratio, which is higher than FNGS's 0.58% expense ratio.
Risk-Adjusted Performance
MAGQ vs. FNGS — Risk-Adjusted Performance Rank
MAGQ
FNGS
MAGQ vs. FNGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and MicroSectors FANG+ ETN (FNGS). 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. FNGS - Dividend Comparison
Neither MAGQ nor FNGS has paid dividends to shareholders.
Drawdowns
MAGQ vs. FNGS - Drawdown Comparison
Volatility
MAGQ vs. FNGS - Volatility Comparison
The current volatility for Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) is 0.00%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 7.55%. This indicates that MAGQ experiences smaller price fluctuations and is considered to be less risky than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.