MAGS vs. QBIG

Last updated Aug 2, 2026

MAGS (Roundhill Magnificent Seven ETF) and QBIG (Invesco Top QQQ ETF) are both exchange-traded funds - MAGS is a Technology Equities fund actively managed by Roundhill, while QBIG is a Large Cap Blend Equities fund actively managed by Invesco. Both are actively managed. Over the past year, MAGS returned 17.98% vs 19.06% for QBIG. Their correlation of 0.93 means they have usually moved in the same direction. MAGS charges 0.30%/yr vs 0.29%/yr for QBIG.

Performance

MAGS vs. QBIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven ETF (MAGS) and Invesco Top QQQ ETF (QBIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MAGS

• 1D: 3.19%
• 1M: 1.32%
• 6M: -0.29%
• YTD: 0.00%
• 1Y: 17.98%
• 3Y*: 28.94%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.62%

QBIG

• 1D: 2.69%
• 1M: 3.22%
• 6M: 5.82%
• YTD: 4.62%
• 1Y: 19.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAGS Roundhill Magnificent Seven ETF	$254.73M	$303.60M	$278.63M
QBIG Invesco Top QQQ ETF	$427.43K	$283.73K	$267.66K

MAGS vs. QBIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGS Roundhill Magnificent Seven ETF	0.00%	22.99%	3.57%
QBIG Invesco Top QQQ ETF	4.62%	21.46%	3.04%

Correlation

The correlation between MAGS and QBIG is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.93

The correlation between MAGS and QBIG has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

MAGS vs. QBIG - Sectors Allocation Comparison

Sectors	MAGS	QBIG
Technology	13.0%	60.9%
Communication Services	6.5%	18.0%
Consumer Cyclical	6.2%	21.1%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	10.5%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MAGS vs. QBIG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MAGS

MAGS Risk / Return Rank: 27
MAGS Sharpe Ratio Rank: 27
MAGS Sortino Ratio Rank: 27
MAGS Omega Ratio Rank: 26
MAGS Calmar Ratio Rank: 25
MAGS Martin Ratio Rank: 27

QBIG

QBIG Risk / Return Rank: 28
QBIG Sharpe Ratio Rank: 30
QBIG Sortino Ratio Rank: 29
QBIG Omega Ratio Rank: 28
QBIG Calmar Ratio Rank: 26
QBIG Martin Ratio Rank: 27

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MAGS vs. QBIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Invesco Top QQQ ETF (QBIG). 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	QBIG	Difference
Sharpe ratio: Return per unit of total volatility	0.64	0.72	-0.08
Sortino ratio: Return per unit of downside risk	1.01	1.10	-0.09
Omega ratio: Gain probability vs. loss probability	1.12	1.14	-0.01
Calmar ratio: Return relative to maximum drawdown	0.77	0.80	-0.03
Martin ratio: Return relative to average drawdown	2.26	2.17	+0.09

MAGS vs. QBIG - Sharpe Ratio Comparison

The current MAGS Sharpe Ratio is 0.64, which is comparable to the QBIG Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of MAGS and QBIG, 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. QBIG - Drawdown Comparison

The maximum MAGS drawdown since its inception was -29.91%, roughly equal to the maximum QBIG drawdown of -30.33%. Use the drawdown chart below to compare losses from any high point for MAGS and QBIG.

Drawdown Indicators

	MAGS	QBIG	Difference
Max Drawdown Largest peak-to-trough decline	-29.91%	-30.33%	+0.42%
Max Drawdown (1Y) Largest decline over 1 year	-18.62%	-19.70%	+1.08%
Max Drawdown (3Y) Largest decline over 3 years	-29.91%	—	—
Current Drawdown Current decline from peak	-7.02%	-7.05%	+0.03%
Average Drawdown Average peak-to-trough decline	-4.86%	-7.19%	+2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.31%	7.27%	-0.96%

Volatility

MAGS vs. QBIG - Volatility Comparison

Roundhill Magnificent Seven ETF (MAGS) and Invesco Top QQQ ETF (QBIG) have volatilities of 8.02% and 7.88%, 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	QBIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.02%	7.88%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	17.37%	17.00%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	22.30%	21.79%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.09%	27.33%	-1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.09%	27.33%	-1.24%

MAGS vs. QBIG - Expense Ratio Comparison

MAGS has a 0.30% expense ratio, which is higher than QBIG's 0.29% expense ratio.

Dividends

MAGS vs. QBIG - Dividend Comparison

MAGS's dividend yield for the trailing twelve months is around 1.48%, while QBIG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	1.48%	1.48%	0.81%	0.44%
QBIG Invesco Top QQQ ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAGS and QBIG in my portfolio?

With a correlation of 0.92, MAGS and QBIG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MAGS or QBIG?

MAGS has higher volatility (8.02%) compared to QBIG (7.88%). In terms of maximum drawdown, MAGS dropped -29.91% vs QBIG's -30.33%.

Which ETF is better, MAGS or QBIG?

On 1-year performance, QBIG leads with 19.06% vs 17.98% for MAGS. On fees, QBIG is cheaper at 0.29% per year. On volatility, QBIG has been the lower-risk option at 7.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGS or QBIG?

Over the 1-year period, QBIG has performed better with a 19.06% return vs 17.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGS or QBIG?

QBIG is cheaper with a 0.29% expense ratio, compared with 0.30% for MAGS.

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

MAGS has the higher dividend yield at 1.48%, compared with 0.00% for QBIG.

What is the main difference between MAGS and QBIG?

MAGS is categorized as Technology Equities, while QBIG is Large Cap Blend Equities. They also come from different issuers: Roundhill and Invesco. Their fees differ too: 0.30% for MAGS and 0.29% for QBIG.

Which has better risk-adjusted returns?

QBIG currently has the higher Sharpe Ratio (0.72 vs 0.64), 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.