MAGS vs. SMH
MAGS (Roundhill Magnificent Seven ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - MAGS is a Technology Equities fund actively managed by Roundhill, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. MAGS is actively managed, while SMH is passively managed. Over the past 3 years, MAGS returned 28.94%/yr vs 50.56%/yr for SMH. Their 0.68 correlation means they have sometimes moved together and sometimes differently. MAGS charges 0.30%/yr vs 0.35%/yr for SMH.
Performance
MAGS vs. SMH - Performance Comparison
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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%
SMH
- 1D
- 0.30%
- 1M
- -8.74%
- 6M
- 33.97%
- YTD
- 50.09%
- 1Y
- 90.95%
- 3Y*
- 50.56%
- 5Y*
- 33.46%
- 10Y*
- 34.16%
- ALL TIME*
- 11.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $254.73M | $303.60M | $278.63M | |
| $8.28B | $7.64B | $7.07B |
MAGS vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 0.00% | 22.99% | 63.97% | 35.74% |
SMH VanEck Semiconductor ETF | 50.09% | 49.17% | 39.10% | 37.32% |
Correlation
The correlation between MAGS and SMH is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023 | 0.68 |
The correlation between MAGS and SMH shifts across timeframes, from 0.58 (1 year) to 0.69 (3 years), reflecting how their relationship changes across market environments.
MAGS vs. SMH - Sectors Allocation Comparison
Sectors
MAGS
SMH
Technology
Communication Services
-
Consumer Cyclical
-
Basic Materials
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Technology
MAGS
SMH
Communication Services
MAGS
SMH
-
Consumer Cyclical
MAGS
SMH
-
Basic Materials
MAGS
-
SMH
-
Consumer Defensive
MAGS
-
SMH
-
Energy
MAGS
-
SMH
-
Financial Services
MAGS
-
SMH
-
Healthcare
MAGS
-
SMH
-
Industrials
MAGS
-
SMH
-
Real Estate
MAGS
-
SMH
-
Utilities
MAGS
-
SMH
-
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Return for Risk
MAGS vs. SMH — Risk / Return Rank
MAGS
SMH
MAGS vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and VanEck Semiconductor ETF (SMH). 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 | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.36 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 3.58 | -2.82 |
| Martin ratioReturn relative to average drawdown | 2.26 | 14.64 | -12.38 |
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Drawdowns
MAGS vs. SMH - Drawdown Comparison
The maximum MAGS drawdown since its inception was -29.91%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for MAGS and SMH.
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Drawdown Indicators
| MAGS | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.91% | -84.96% | +55.05% |
Max Drawdown (1Y)Largest decline over 1 year | -18.62% | -24.62% | +6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -29.91% | -35.74% | +5.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -7.02% | -19.19% | +12.17% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -40.89% | +36.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.31% | 6.01% | +0.30% |
Volatility
MAGS vs. SMH - Volatility Comparison
The current volatility for Roundhill Magnificent Seven ETF (MAGS) is 8.02%, while VanEck Semiconductor ETF (SMH) has a volatility of 14.70%. This indicates that MAGS experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAGS | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 14.70% | -6.68% |
Volatility (6M)Calculated over the trailing 6-month period | 17.37% | 33.13% | -15.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.30% | 38.57% | -16.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.09% | 36.50% | -10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.09% | 33.32% | -7.23% |
MAGS vs. SMH - Expense Ratio Comparison
MAGS has a 0.30% expense ratio, which is lower than SMH's 0.35% expense ratio.
Dividends
MAGS vs. SMH - Dividend Comparison
MAGS's dividend yield for the trailing twelve months is around 1.48%, more than SMH's 0.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 1.48% | 1.48% | 0.81% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.20% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Frequently Asked Questions
MAGS and SMH have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (14.70%) compared to MAGS (8.02%). In terms of maximum drawdown, MAGS dropped -29.91% vs SMH's -84.96%.
On 3-year performance, SMH leads with 50.56% vs 28.94% for MAGS. On fees, MAGS is cheaper at 0.30% per year. On volatility, MAGS has been the lower-risk option at 8.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SMH has performed better with a 50.56% return vs 28.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MAGS is cheaper with a 0.30% expense ratio, compared with 0.35% for SMH.
MAGS has the higher dividend yield at 1.48%, compared with 0.20% for SMH.
MAGS is categorized as Technology Equities, while SMH is Semiconductors. They also come from different issuers: Roundhill and VanEck. Their fees differ too: 0.30% for MAGS and 0.35% for SMH.
SMH currently has the higher Sharpe Ratio (2.29 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.
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