MAGS vs. SHLD

Last updated Aug 1, 2026

MAGS (Roundhill Magnificent Seven ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - MAGS is a Technology Equities fund actively managed by Roundhill, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. MAGS is actively managed, while SHLD is passively managed. Over the past year, MAGS returned 14.23% vs 3.85% for SHLD. Their 0.27 correlation means their historical movements had little consistent relationship. MAGS charges 0.29%/yr vs 0.50%/yr for SHLD.

Performance

MAGS vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven ETF (MAGS) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MAGS

• 1D: 3.19%
• 1M: 0.18%
• 6M: -0.29%
• YTD: 0.00%
• 1Y: 14.23%
• 3Y*: 28.94%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.62%

SHLD

• 1D: 0.76%
• 1M: 3.35%
• 6M: -15.67%
• YTD: -2.06%
• 1Y: 3.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 39.34%

*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
SHLD Global X Defense Tech ETF	$70.01M	$66.37M	$108.83M

MAGS vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	0.00%	22.99%	63.97%	8.06%
SHLD Global X Defense Tech ETF	-2.06%	74.16%	35.03%	12.89%

Correlation

The correlation between MAGS and SHLD is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.27

MAGS vs. SHLD - Sectors Allocation Comparison

Sectors	MAGS	SHLD
Technology	13.8%	11.6%
Communication Services	7.7%	-
Consumer Cyclical	7.4%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	88.4%
Real Estate	-	-
Utilities	-	-

Return for Risk

MAGS vs. SHLD — 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

SHLD

SHLD Risk / Return Rank: 14
SHLD Sharpe Ratio Rank: 14
SHLD Sortino Ratio Rank: 15
SHLD Omega Ratio Rank: 14
SHLD Calmar Ratio Rank: 13
SHLD Martin Ratio Rank: 13

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. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Global X Defense Tech ETF (SHLD). 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	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	0.64	0.15	+0.49
Sortino ratio: Return per unit of downside risk	1.01	0.40	+0.61
Omega ratio: Gain probability vs. loss probability	1.12	1.05	+0.08
Calmar ratio: Return relative to maximum drawdown	0.77	0.15	+0.62
Martin ratio: Return relative to average drawdown	2.26	0.35	+1.91

MAGS vs. SHLD - Sharpe Ratio Comparison

The current MAGS Sharpe Ratio is 0.64, which is higher than the SHLD Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of MAGS and SHLD, 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. SHLD - Drawdown Comparison

The maximum MAGS drawdown since its inception was -29.91%, which is greater than SHLD's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for MAGS and SHLD.

Drawdown Indicators

	MAGS	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-29.91%	-25.40%	-4.51%
Max Drawdown (1Y) Largest decline over 1 year	-18.62%	-25.40%	+6.78%
Max Drawdown (3Y) Largest decline over 3 years	-29.91%	—	—
Current Drawdown Current decline from peak	-7.02%	-18.67%	+11.65%
Average Drawdown Average peak-to-trough decline	-4.86%	-4.15%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.31%	11.13%	-4.82%

Volatility

MAGS vs. SHLD - Volatility Comparison

Roundhill Magnificent Seven ETF (MAGS) and Global X Defense Tech ETF (SHLD) have volatilities of 8.02% and 7.73%, 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	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.02%	7.73%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	17.37%	20.16%	-2.79%
Volatility (1Y) Calculated over the trailing 1-year period	22.30%	25.33%	-3.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.09%	21.56%	+4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.09%	21.56%	+4.53%

MAGS vs. SHLD - Expense Ratio Comparison

MAGS has a 0.29% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

MAGS vs. SHLD - Dividend Comparison

MAGS's dividend yield for the trailing twelve months is around 1.48%, more than SHLD's 0.67% yield.

Position	TTM	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	1.48%	1.48%	0.81%	0.44%
SHLD Global X Defense Tech ETF	0.67%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both MAGS and SHLD in my portfolio?

MAGS and SHLD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAGS or SHLD?

MAGS has higher volatility (8.02%) compared to SHLD (7.73%). In terms of maximum drawdown, MAGS dropped -29.91% vs SHLD's -25.40%.

Which ETF is better, MAGS or SHLD?

On 1-year performance, MAGS leads with 14.23% vs 3.85% for SHLD. On fees, MAGS is cheaper at 0.29% per year. On volatility, SHLD has been the lower-risk option at 7.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGS or SHLD?

Over the 1-year period, MAGS has performed better with a 14.23% return vs 3.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGS or SHLD?

MAGS is cheaper with a 0.29% expense ratio, compared with 0.50% for SHLD.

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

MAGS has the higher dividend yield at 1.48%, compared with 0.67% for SHLD.

What is the main difference between MAGS and SHLD?

MAGS is categorized as Technology Equities, while SHLD is Aerospace & Defense. They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.29% for MAGS and 0.50% for SHLD.

Which has better risk-adjusted returns?

MAGS currently has the higher Sharpe Ratio (0.64 vs 0.15), 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.