MAGS vs. SGOV
MAGS (Roundhill Magnificent Seven ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - MAGS is a Technology Equities fund actively managed by Roundhill, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. MAGS is actively managed, while SGOV is passively managed. Over the past 3 years, MAGS returned 33.16%/yr vs 4.70%/yr for SGOV. At a 0.01 correlation, their price movements are largely independent. MAGS charges 0.29%/yr vs 0.09%/yr for SGOV.
Performance
MAGS vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, MAGS achieves a 0.86% return, which is significantly lower than SGOV's 1.56% return.
MAGS
- 1D
- 0.03%
- 1M
- -4.44%
- YTD
- 0.86%
- 6M
- 0.73%
- 1Y
- 28.10%
- 3Y*
- 33.16%
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.56%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.70%
- 5Y*
- 3.55%
- 10Y*
- —
MAGS vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 0.86% | 22.99% | 63.97% | 37.32% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.56% | 4.24% | 5.27% | 3.85% |
Correlation
The correlation between MAGS and SGOV is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2023 | 0.01 |
The correlation between MAGS and SGOV shifts across timeframes, from -0.13 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MAGS vs. SGOV — Risk / Return Rank
MAGS
SGOV
MAGS vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| MAGS | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.88 | ||
| Sortino ratioReturn per unit of downside risk | -273.75 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 195.55 | -194.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 398.20 | -396.68 |
| Martin ratioReturn relative to average drawdown | 5.22 | 4,461.99 | -4,456.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAGS | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 20.28 | -18.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 14.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.49 | 12.50 | -11.01 |
Drawdowns
MAGS vs. SGOV - Drawdown Comparison
The maximum MAGS drawdown since its inception was -29.91%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for MAGS and SGOV.
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Drawdown Indicators
| MAGS | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.91% | -0.03% | -29.88% |
Max Drawdown (1Y)Largest decline over 1 year | -18.62% | -0.01% | -18.61% |
Max Drawdown (3Y)Largest decline over 3 years | -29.91% | -0.01% | -29.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -6.22% | 0.00% | -6.22% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -0.00% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 0.00% | +5.40% |
Volatility
MAGS vs. SGOV - Volatility Comparison
Roundhill Magnificent Seven ETF (MAGS) has a higher volatility of 5.89% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that MAGS's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAGS | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 0.06% | +5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 14.84% | 0.13% | +14.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.22% | 0.20% | +20.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.99% | 0.24% | +25.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.99% | 0.24% | +25.75% |
MAGS vs. SGOV - Expense Ratio Comparison
MAGS has a 0.29% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
MAGS vs. SGOV - Dividend Comparison
MAGS's dividend yield for the trailing twelve months is around 1.47%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 1.47% | 1.48% | 0.81% | 0.44% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
MAGS and SGOV have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAGS has higher volatility (5.89%) compared to SGOV (0.06%). In terms of maximum drawdown, MAGS dropped -29.91% vs SGOV's -0.03%.
On 3-year performance, MAGS leads with 33.16% vs 4.70% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MAGS has performed better with a 33.16% return vs 4.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.29% for MAGS.
SGOV has the higher dividend yield at 3.85%, compared with 1.47% for MAGS.
MAGS is categorized as Technology Equities, while SGOV is Ultrashort Bond. They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.29% for MAGS and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 1.40), 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.
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