MAGS vs. QQQ
Compare and contrast key facts about Roundhill Magnificent Seven ETF (MAGS) and Invesco QQQ (QQQ).
MAGS and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGS or QQQ.
Performance
MAGS vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, MAGS achieves a 52.59% return, which is significantly higher than QQQ's 24.04% return.
MAGS
52.59%
8.80%
22.34%
56.00%
N/A
N/A
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| MAGS | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.24 | 1.76 |
| Sortino Ratio | 2.89 | 2.35 |
| Omega Ratio | 1.38 | 1.32 |
| Calmar Ratio | 3.09 | 2.25 |
| Martin Ratio | 10.04 | 8.18 |
| Ulcer Index | 5.58% | 3.74% |
| Daily Std Dev | 24.95% | 17.36% |
| Max Drawdown | -18.10% | -82.98% |
| Current Drawdown | -2.47% | -1.62% |
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MAGS vs. QQQ - Expense Ratio Comparison
MAGS has a 0.29% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between MAGS and QQQ is 0.90, 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.
Risk-Adjusted Performance
MAGS vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
MAGS's dividend yield for the trailing twelve months is around 0.29%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 0.29% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
MAGS vs. QQQ - Drawdown Comparison
The maximum MAGS drawdown since its inception was -18.10%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MAGS and QQQ. For additional features, visit the drawdowns tool.
Volatility
MAGS vs. QQQ - Volatility Comparison
Roundhill Magnificent Seven ETF (MAGS) has a higher volatility of 7.63% compared to Invesco QQQ (QQQ) at 5.36%. This indicates that MAGS's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.