MAGS vs. GBTC
MAGS (Roundhill Magnificent Seven ETF) and GBTC (Grayscale Bitcoin Trust ETF) are both exchange-traded funds - MAGS is a Technology Equities fund actively managed by Roundhill, while GBTC is a Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index. MAGS is actively managed, while GBTC is passively managed. Over the past 3 years, MAGS returned 28.94%/yr vs 36.79%/yr for GBTC. Their 0.32 correlation means their historical movements had little consistent relationship. MAGS charges 0.29%/yr vs 1.50%/yr for GBTC.
Performance
MAGS vs. GBTC - Performance Comparison
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Returns By Period
MAGS
- 1D
- 3.19%
- 1M
- 0.18%
- 6M
- -0.29%
- YTD
- 0.00%
- 1Y
- 14.23%
- 3Y*
- 28.94%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.62%
GBTC
- 1D
- -2.85%
- 1M
- 4.80%
- 6M
- -25.46%
- YTD
- -28.72%
- 1Y
- -46.91%
- 3Y*
- 36.79%
- 5Y*
- 7.01%
- 10Y*
- 50.99%
- ALL TIME*
- 54.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $75.53M | $74.63M | $101.29M | |
| $254.73M | $303.60M | $278.63M |
MAGS vs. GBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 0.00% | 22.99% | 63.97% | 35.74% |
GBTC Grayscale Bitcoin Trust ETF | -28.72% | -7.65% | 113.81% | 101.98% |
Correlation
The correlation between MAGS and GBTC is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023 | 0.32 |
The correlation between MAGS and GBTC shifts across timeframes, from 0.32 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MAGS vs. GBTC — Risk / Return Rank
MAGS
GBTC
MAGS vs. GBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Grayscale Bitcoin Trust ETF (GBTC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MAGS | GBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.82 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | -0.88 | +1.64 |
| Martin ratioReturn relative to average drawdown | 2.26 | -1.34 | +3.61 |
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Drawdowns
MAGS vs. GBTC - Drawdown Comparison
The maximum MAGS drawdown since its inception was -29.91%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for MAGS and GBTC.
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Drawdown Indicators
| MAGS | GBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.91% | -89.91% | +60.00% |
Max Drawdown (1Y)Largest decline over 1 year | -18.62% | -53.75% | +35.13% |
Max Drawdown (3Y)Largest decline over 3 years | -29.91% | -53.75% | +23.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -85.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.91% | — |
Current DrawdownCurrent decline from peak | -7.02% | -50.49% | +43.47% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -43.51% | +38.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.31% | 34.92% | -28.61% |
Volatility
MAGS vs. GBTC - Volatility Comparison
The current volatility for Roundhill Magnificent Seven ETF (MAGS) is 8.02%, while Grayscale Bitcoin Trust ETF (GBTC) has a volatility of 9.06%. This indicates that MAGS experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAGS | GBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 9.06% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 17.37% | 33.68% | -16.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.30% | 44.36% | -22.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.09% | 60.60% | -34.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.09% | 81.27% | -55.18% |
MAGS vs. GBTC - Expense Ratio Comparison
MAGS has a 0.29% expense ratio, which is lower than GBTC's 1.50% expense ratio.
Dividends
MAGS vs. GBTC - Dividend Comparison
MAGS's dividend yield for the trailing twelve months is around 1.48%, while GBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GBTC Grayscale Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.61% |
MAGS Roundhill Magnificent Seven ETF | 1.48% | 1.48% | 0.81% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MAGS and GBTC have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBTC has higher volatility (9.06%) compared to MAGS (8.02%). In terms of maximum drawdown, MAGS dropped -29.91% vs GBTC's -89.91%.
On 3-year performance, GBTC leads with 36.79% vs 28.94% for MAGS. On fees, MAGS is cheaper at 0.29% per year. On volatility, MAGS has been the lower-risk option at 8.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GBTC has performed better with a 36.79% return vs 28.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MAGS is cheaper with a 0.29% expense ratio, compared with 1.50% for GBTC.
MAGS has the higher dividend yield at 1.48%, compared with 0.00% for GBTC.
MAGS is categorized as Technology Equities, while GBTC is Cryptocurrency. They also come from different issuers: Roundhill and Grayscale. Their fees differ too: 0.29% for MAGS and 1.50% for GBTC.
MAGS currently has the higher Sharpe Ratio (0.64 vs -1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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