MAGS vs. FTEC
Compare and contrast key facts about Roundhill Magnificent Seven ETF (MAGS) and Fidelity MSCI Information Technology Index ETF (FTEC).
MAGS and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAGS is an actively managed fund by Roundhill. It was launched on Apr 10, 2023. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGS or FTEC.
Performance
MAGS vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, MAGS achieves a 54.53% return, which is significantly higher than FTEC's 27.41% return.
MAGS
54.53%
8.25%
26.07%
57.99%
N/A
N/A
FTEC
27.41%
1.00%
13.76%
34.77%
22.67%
20.46%
Key characteristics
| MAGS | FTEC | |
|---|---|---|
| Sharpe Ratio | 2.30 | 1.59 |
| Sortino Ratio | 2.94 | 2.12 |
| Omega Ratio | 1.39 | 1.28 |
| Calmar Ratio | 3.16 | 2.20 |
| Martin Ratio | 10.27 | 7.91 |
| Ulcer Index | 5.57% | 4.25% |
| Daily Std Dev | 24.92% | 21.11% |
| Max Drawdown | -18.10% | -34.95% |
| Current Drawdown | -1.22% | -2.02% |
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MAGS vs. FTEC - Expense Ratio Comparison
MAGS has a 0.29% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Correlation
The correlation between MAGS and FTEC is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
MAGS vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.
Dividends
MAGS vs. FTEC - Dividend Comparison
MAGS's dividend yield for the trailing twelve months is around 0.28%, less than FTEC's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 0.28% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.62% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
MAGS vs. FTEC - Drawdown Comparison
The maximum MAGS drawdown since its inception was -18.10%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for MAGS and FTEC. For additional features, visit the drawdowns tool.
Volatility
MAGS vs. FTEC - Volatility Comparison
Roundhill Magnificent Seven ETF (MAGS) has a higher volatility of 8.40% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 6.64%. This indicates that MAGS's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.