MAGQ vs. QQC.TO
Compare and contrast key facts about Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO).
MAGQ and QQC.TO 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. QQC.TO is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on May 27, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGQ or QQC.TO.
Correlation
The correlation between MAGQ and QQC.TO 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. QQC.TO - Performance Comparison
Key characteristics
MAGQ:
27.55%
QQC.TO:
17.16%
MAGQ:
-29.85%
QQC.TO:
-31.81%
MAGQ:
-21.63%
QQC.TO:
-1.90%
Returns By Period
MAGQ
N/A
7.72%
-7.62%
N/A
N/A
N/A
QQC.TO
38.94%
6.43%
16.44%
39.27%
N/A
N/A
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MAGQ vs. QQC.TO - Expense Ratio Comparison
MAGQ has a 0.95% expense ratio, which is higher than QQC.TO's 0.20% expense ratio.
Risk-Adjusted Performance
MAGQ vs. QQC.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO). 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. QQC.TO - Dividend Comparison
MAGQ has not paid dividends to shareholders, while QQC.TO's dividend yield for the trailing twelve months is around 0.46%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
MAGQ Roundhill Daily Inverse Magnificent Seven ETF | 0.00% | 0.00% | 0.00% | 0.00% |
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 0.46% | 0.54% | 0.91% | 0.56% |
Drawdowns
MAGQ vs. QQC.TO - Drawdown Comparison
The maximum MAGQ drawdown since its inception was -29.85%, smaller than the maximum QQC.TO drawdown of -31.81%. Use the drawdown chart below to compare losses from any high point for MAGQ and QQC.TO. For additional features, visit the drawdowns tool.
Volatility
MAGQ vs. QQC.TO - Volatility Comparison
Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) has a higher volatility of 7.22% compared to Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) at 5.56%. This indicates that MAGQ's price experiences larger fluctuations and is considered to be riskier than QQC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.