MAGS vs. MGK
Compare and contrast key facts about Roundhill Magnificent Seven ETF (MAGS) and Vanguard Mega Cap Growth ETF (MGK).
MAGS and MGK 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. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGS or MGK.
Key characteristics
| MAGS | MGK | |
|---|---|---|
| YTD Return | 34.68% | 20.64% |
| 1Y Return | 44.92% | 32.75% |
| Sharpe Ratio | 1.79 | 1.84 |
| Daily Std Dev | 25.23% | 17.64% |
| Max Drawdown | -18.10% | -48.36% |
| Current Drawdown | -9.61% | -5.39% |
Correlation
The correlation between MAGS and MGK is 0.93, 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. MGK - Performance Comparison
In the year-to-date period, MAGS achieves a 34.68% return, which is significantly higher than MGK's 20.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MAGS vs. MGK - Expense Ratio Comparison
MAGS has a 0.29% expense ratio, which is higher than MGK's 0.07% expense ratio.
Risk-Adjusted Performance
MAGS vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Vanguard Mega Cap Growth ETF (MGK). 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. MGK - Dividend Comparison
MAGS's dividend yield for the trailing twelve months is around 0.32%, less than MGK's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 0.32% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MGK Vanguard Mega Cap Growth ETF | 0.43% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
MAGS vs. MGK - Drawdown Comparison
The maximum MAGS drawdown since its inception was -18.10%, smaller than the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for MAGS and MGK. For additional features, visit the drawdowns tool.
Volatility
MAGS vs. MGK - Volatility Comparison
Roundhill Magnificent Seven ETF (MAGS) has a higher volatility of 7.93% compared to Vanguard Mega Cap Growth ETF (MGK) at 5.38%. This indicates that MAGS's price experiences larger fluctuations and is considered to be riskier than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.