MAGS vs. ONEQ
Compare and contrast key facts about Roundhill Magnificent Seven ETF (MAGS) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
MAGS and ONEQ 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. ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGS or ONEQ.
Correlation
The correlation between MAGS and ONEQ is 0.81, 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. ONEQ - Performance Comparison
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Key characteristics
MAGS:
0.91
ONEQ:
0.64
MAGS:
1.43
ONEQ:
1.08
MAGS:
1.19
ONEQ:
1.15
MAGS:
1.02
ONEQ:
0.71
MAGS:
2.82
ONEQ:
2.32
MAGS:
10.82%
ONEQ:
7.35%
MAGS:
33.82%
ONEQ:
26.00%
MAGS:
-29.91%
ONEQ:
-55.09%
MAGS:
-10.36%
ONEQ:
-5.65%
Returns By Period
In the year-to-date period, MAGS achieves a -4.81% return, which is significantly lower than ONEQ's -1.46% return.
MAGS
-4.81%
15.47%
0.11%
30.68%
N/A
N/A
ONEQ
-1.46%
13.46%
-1.18%
16.65%
17.57%
15.36%
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MAGS vs. ONEQ - Expense Ratio Comparison
MAGS has a 0.29% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Risk-Adjusted Performance
MAGS vs. ONEQ — Risk-Adjusted Performance Rank
MAGS
ONEQ
MAGS vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). 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.
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Dividends
MAGS vs. ONEQ - Dividend Comparison
MAGS's dividend yield for the trailing twelve months is around 0.85%, more than ONEQ's 0.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 0.85% | 0.81% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.64% | 0.65% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% |
Drawdowns
MAGS vs. ONEQ - Drawdown Comparison
The maximum MAGS drawdown since its inception was -29.91%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for MAGS and ONEQ. For additional features, visit the drawdowns tool.
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Volatility
MAGS vs. ONEQ - Volatility Comparison
Roundhill Magnificent Seven ETF (MAGS) has a higher volatility of 10.86% compared to Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) at 7.81%. This indicates that MAGS's price experiences larger fluctuations and is considered to be riskier than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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