MAGS vs. MAGX
Compare and contrast key facts about Roundhill Magnificent Seven ETF (MAGS) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX).
MAGS and MAGX 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. MAGX 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: MAGS or MAGX.
Correlation
The correlation between MAGS and MAGX is 0.83, 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.
Performance
MAGS vs. MAGX - Performance Comparison
Key characteristics
MAGS:
0.70
MAGX:
0.37
MAGS:
1.16
MAGX:
0.96
MAGS:
1.15
MAGX:
1.13
MAGS:
0.78
MAGX:
0.45
MAGS:
2.32
MAGX:
1.20
MAGS:
10.05%
MAGX:
20.21%
MAGS:
33.39%
MAGX:
65.03%
MAGS:
-29.91%
MAGX:
-54.18%
MAGS:
-21.92%
MAGX:
-45.09%
Returns By Period
In the year-to-date period, MAGS achieves a -17.09% return, which is significantly higher than MAGX's -37.66% return.
MAGS
-17.09%
-8.77%
-5.95%
19.58%
N/A
N/A
MAGX
-37.66%
-21.15%
-21.86%
16.80%
N/A
N/A
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MAGS vs. MAGX - Expense Ratio Comparison
MAGS has a 0.29% expense ratio, which is lower than MAGX's 0.95% expense ratio.
Risk-Adjusted Performance
MAGS vs. MAGX — Risk-Adjusted Performance Rank
MAGS
MAGX
MAGS vs. MAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). 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. MAGX - Dividend Comparison
MAGS's dividend yield for the trailing twelve months is around 0.98%, less than MAGX's 1.37% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 0.98% | 0.81% | 0.44% |
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 1.37% | 0.86% | 0.00% |
Drawdowns
MAGS vs. MAGX - Drawdown Comparison
The maximum MAGS drawdown since its inception was -29.91%, smaller than the maximum MAGX drawdown of -54.18%. Use the drawdown chart below to compare losses from any high point for MAGS and MAGX. For additional features, visit the drawdowns tool.
Volatility
MAGS vs. MAGX - Volatility Comparison
The current volatility for Roundhill Magnificent Seven ETF (MAGS) is 20.32%, while Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a volatility of 39.35%. This indicates that MAGS experiences smaller price fluctuations and is considered to be less risky than MAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.