MAGQ vs. ^GSPC
Compare and contrast key facts about Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and S&P 500 (^GSPC).
MAGQ is an actively managed fund by Roundhill. It was launched on Feb 28, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGQ or ^GSPC.
Correlation
The correlation between MAGQ and ^GSPC is -0.66. 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. ^GSPC - Performance Comparison
Key characteristics
MAGQ:
27.55%
^GSPC:
12.54%
MAGQ:
-29.85%
^GSPC:
-56.78%
MAGQ:
-21.63%
^GSPC:
-0.82%
Returns By Period
MAGQ
N/A
7.72%
-4.74%
N/A
N/A
N/A
^GSPC
26.63%
1.18%
10.44%
27.03%
13.30%
11.23%
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Risk-Adjusted Performance
MAGQ vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and S&P 500 (^GSPC). 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 dataDrawdowns
MAGQ vs. ^GSPC - Drawdown Comparison
The maximum MAGQ drawdown since its inception was -29.85%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MAGQ and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
MAGQ vs. ^GSPC - Volatility Comparison
Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) has a higher volatility of 7.22% compared to S&P 500 (^GSPC) at 3.96%. This indicates that MAGQ's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.