MAGS vs. GDE

Last updated Jul 21, 2026

MAGS (Roundhill Magnificent Seven ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - MAGS is a Technology Equities fund actively managed by Roundhill, while GDE is a Gold fund actively managed by WisdomTree. Both are actively managed. Over the past 3 years, MAGS returned 31.30%/yr vs 39.14%/yr for GDE. At a 0.47 correlation, their price movements are largely independent. MAGS charges 0.29%/yr vs 0.20%/yr for GDE.

Performance

MAGS vs. GDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven ETF (MAGS) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGS achieves a 1.47% return, which is significantly higher than GDE's -1.30% return.

MAGS

• 1D: 0.03%
• 1M: 2.28%
• 6M: 3.13%
• YTD: 1.47%
• 1Y: 18.75%
• 3Y*: 31.30%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.61%

GDE

• 1D: -0.20%
• 1M: -4.95%
• 6M: -7.43%
• YTD: -1.30%
• 1Y: 32.45%
• 3Y*: 39.14%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MAGS vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	1.47%	22.99%	63.97%	35.74%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	-1.30%	73.76%	44.79%	16.25%

Correlation

The correlation between MAGS and GDE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023	0.47

The correlation between MAGS and GDE has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.

Return for Risk

MAGS vs. GDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MAGS

MAGS Risk / Return Rank: 30
MAGS Sharpe Ratio Rank: 32
MAGS Sortino Ratio Rank: 31
MAGS Omega Ratio Rank: 30
MAGS Calmar Ratio Rank: 28
MAGS Martin Ratio Rank: 29

GDE

GDE Risk / Return Rank: 36
GDE Sharpe Ratio Rank: 39
GDE Sortino Ratio Rank: 35
GDE Omega Ratio Rank: 40
GDE Calmar Ratio Rank: 37
GDE Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MAGS vs. GDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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	GDE	Difference
Sharpe ratio: Return per unit of total volatility	0.88	1.06	-0.18
Sortino ratio: Return per unit of downside risk	1.31	1.46	-0.15
Omega ratio: Gain probability vs. loss probability	1.16	1.21	-0.05
Calmar ratio: Return relative to maximum drawdown	1.01	1.44	-0.43
Martin ratio: Return relative to average drawdown	3.11	3.38	-0.27

MAGS vs. GDE - Sharpe Ratio Comparison

The current MAGS Sharpe Ratio is 0.88, which is comparable to the GDE Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of MAGS and GDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MAGS vs. GDE - Drawdown Comparison

The maximum MAGS drawdown since its inception was -29.91%, smaller than the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for MAGS and GDE.

Drawdown Indicators

	MAGS	GDE	Difference
Max Drawdown Largest peak-to-trough decline	-29.91%	-32.01%	+2.10%
Max Drawdown (1Y) Largest decline over 1 year	-18.62%	-22.66%	+4.04%
Max Drawdown (3Y) Largest decline over 3 years	-29.91%	-22.66%	-7.25%
Current Drawdown Current decline from peak	-5.65%	-20.14%	+14.49%
Average Drawdown Average peak-to-trough decline	-4.81%	-8.16%	+3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.04%	9.62%	-3.58%

Volatility

MAGS vs. GDE - Volatility Comparison

Roundhill Magnificent Seven ETF (MAGS) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) have volatilities of 7.49% and 7.43%, 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.

Volatility by Period

	MAGS	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.49%	7.43%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	16.68%	26.34%	-9.66%
Volatility (1Y) Calculated over the trailing 1-year period	21.47%	30.85%	-9.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.00%	27.10%	-1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.00%	27.10%	-1.10%

MAGS vs. GDE - Expense Ratio Comparison

MAGS has a 0.29% expense ratio, which is higher than GDE's 0.20% expense ratio.

Dividends

MAGS vs. GDE - Dividend Comparison

MAGS's dividend yield for the trailing twelve months is around 1.46%, less than GDE's 4.38% yield.

Position	TTM	2025	2024	2023	2022
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.38%	4.32%	7.14%	2.22%	0.81%
MAGS Roundhill Magnificent Seven ETF	1.46%	1.48%	0.81%	0.44%	0.00%

Frequently Asked Questions

Can I hold both MAGS and GDE in my portfolio?

MAGS and GDE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAGS or GDE?

MAGS has higher volatility (7.49%) compared to GDE (7.43%). In terms of maximum drawdown, MAGS dropped -29.91% vs GDE's -32.01%.

Which ETF is better, MAGS or GDE?

On 3-year performance, GDE leads with 39.14% vs 31.30% for MAGS. On fees, GDE is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGS or GDE?

Over the 3-year period, GDE has performed better with a 39.14% return vs 31.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGS or GDE?

GDE is cheaper with a 0.20% expense ratio, compared with 0.29% for MAGS.

Which ETF pays a higher dividend yield, MAGS or GDE?

GDE has the higher dividend yield at 4.38%, compared with 1.46% for MAGS.

What is the main difference between MAGS and GDE?

MAGS is categorized as Technology Equities, while GDE is Gold. They also come from different issuers: Roundhill and WisdomTree. Their fees differ too: 0.29% for MAGS and 0.20% for GDE.

Which has better risk-adjusted returns?

GDE currently has the higher Sharpe Ratio (1.06 vs 0.88), 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.