MAGQ vs. MAGS
Compare and contrast key facts about Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and Roundhill Magnificent Seven ETF (MAGS).
MAGQ and MAGS 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. MAGS is an actively managed fund by Roundhill. It was launched on Apr 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGQ or MAGS.
Correlation
The correlation between MAGQ and MAGS is -0.78. 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. MAGS - Performance Comparison
Key characteristics
MAGQ:
27.55%
MAGS:
25.54%
MAGQ:
-29.85%
MAGS:
-18.10%
MAGQ:
-21.63%
MAGS:
-0.27%
Returns By Period
MAGQ
N/A
7.72%
-4.74%
N/A
N/A
N/A
MAGS
73.63%
13.79%
29.27%
73.40%
N/A
N/A
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MAGQ vs. MAGS - Expense Ratio Comparison
MAGQ has a 0.95% expense ratio, which is higher than MAGS's 0.29% expense ratio.
Risk-Adjusted Performance
MAGQ vs. MAGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and Roundhill Magnificent Seven ETF (MAGS). 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. MAGS - Dividend Comparison
MAGQ has not paid dividends to shareholders, while MAGS's dividend yield for the trailing twelve months is around 0.25%.
| TTM | 2023 | |
|---|---|---|
MAGQ Roundhill Daily Inverse Magnificent Seven ETF | 0.00% | 0.00% |
MAGS Roundhill Magnificent Seven ETF | 0.25% | 0.44% |
Drawdowns
MAGQ vs. MAGS - Drawdown Comparison
The maximum MAGQ drawdown since its inception was -29.85%, which is greater than MAGS's maximum drawdown of -18.10%. Use the drawdown chart below to compare losses from any high point for MAGQ and MAGS. For additional features, visit the drawdowns tool.
Volatility
MAGQ vs. MAGS - Volatility Comparison
Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and Roundhill Magnificent Seven ETF (MAGS) have volatilities of 7.22% and 7.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.