MAGS vs. SSG

Last updated Jun 9, 2026

MAGS (Roundhill Magnificent Seven ETF) and SSG (Proshares Ultrashort Semiconductors) are both exchange-traded funds - MAGS is a Technology Equities fund actively managed by Roundhill, while SSG is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (-200%). MAGS is actively managed, while SSG is passively managed. Over the past 3 years, MAGS returned 33.16%/yr vs -73.85%/yr for SSG. At a correlation of -0.73, they often move in opposite directions. MAGS charges 0.29%/yr vs 0.95%/yr for SSG.

Performance

MAGS vs. SSG - Performance Comparison

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

Returns By Period

In the year-to-date period, MAGS achieves a 0.86% return, which is significantly higher than SSG's -55.95% return.

MAGS

• 1D: 0.03%
• 1M: -4.44%
• YTD: 0.86%
• 6M: 0.73%
• 1Y: 28.10%
• 3Y*: 33.16%
• 5Y*: —
• 10Y*: —

SSG

• 1D: -8.09%
• 1M: -6.87%
• YTD: -55.95%
• 6M: -54.02%
• 1Y: -78.69%
• 3Y*: -73.85%
• 5Y*: -66.35%
• 10Y*: -61.66%

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

MAGS vs. SSG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	0.86%	22.99%	63.97%	37.32%
SSG Proshares Ultrashort Semiconductors	-55.95%	-70.03%	-77.59%	-60.72%

Correlation

The correlation between MAGS and SSG is -0.66, 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	-0.66
Correlation (3Y) Calculated over the trailing 3-year period	-0.73
Correlation (All Time) Calculated using the full available price history since Apr 12, 2023	-0.73

The correlation between MAGS and SSG has been stable across timeframes, ranging from -0.73 to -0.66 - a consistent structural relationship.

MAGS vs. SSG - Sectors Allocation Comparison

Sectors	MAGS	SSG
Technology	15.3%	-
Consumer Cyclical	10.3%	-
Communication Services	9.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	50.9%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MAGS vs. SSG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MAGS

MAGS Risk / Return Rank: 39
MAGS Sharpe Ratio Rank: 44
MAGS Sortino Ratio Rank: 42
MAGS Omega Ratio Rank: 41
MAGS Calmar Ratio Rank: 34
MAGS Martin Ratio Rank: 37

SSG

SSG Risk / Return Rank: 0
SSG Sharpe Ratio Rank: 0
SSG Sortino Ratio Rank: 0
SSG Omega Ratio Rank: 0
SSG Calmar Ratio Rank: 0
SSG Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MAGS vs. SSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Proshares Ultrashort Semiconductors (SSG). 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	SSG	Difference
Sharpe ratio: Return per unit of total volatility	1.40	-1.22	+2.62
Sortino ratio: Return per unit of downside risk	1.93	-2.79	+4.72
Omega ratio: Gain probability vs. loss probability	1.24	0.70	+0.54
Calmar ratio: Return relative to maximum drawdown	1.52	-0.97	+2.49
Martin ratio: Return relative to average drawdown	5.22	-1.56	+6.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAGS vs. SSG - Sharpe Ratio Comparison

The current MAGS Sharpe Ratio is 1.40, which is higher than the SSG Sharpe Ratio of -1.22. The chart below compares the historical Sharpe Ratios of MAGS and SSG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAGS	SSG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	-1.22	+2.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.86	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	-0.78	+2.27

Drawdowns

MAGS vs. SSG - Drawdown Comparison

The maximum MAGS drawdown since its inception was -29.91%, smaller than the maximum SSG drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for MAGS and SSG.

Drawdown Indicators

	MAGS	SSG	Difference
Max Drawdown Largest peak-to-trough decline	-29.91%	-100.00%	+70.09%
Max Drawdown (1Y) Largest decline over 1 year	-18.62%	-81.04%	+62.42%
Max Drawdown (3Y) Largest decline over 3 years	-29.91%	-98.49%	+68.58%
Max Drawdown (5Y) Largest decline over 5 years	—	-99.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.99%	—
Current Drawdown Current decline from peak	-6.22%	-100.00%	+93.78%
Average Drawdown Average peak-to-trough decline	-4.70%	-88.60%	+83.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.40%	51.23%	-45.83%

Volatility

MAGS vs. SSG - Volatility Comparison

The current volatility for Roundhill Magnificent Seven ETF (MAGS) is 5.89%, while Proshares Ultrashort Semiconductors (SSG) has a volatility of 27.50%. This indicates that MAGS experiences smaller price fluctuations and is considered to be less risky than SSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGS	SSG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	27.50%	-21.61%
Volatility (6M) Calculated over the trailing 6-month period	14.84%	51.03%	-36.19%
Volatility (1Y) Calculated over the trailing 1-year period	20.22%	64.75%	-44.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.99%	77.80%	-51.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.99%	69.26%	-43.27%

MAGS vs. SSG - Expense Ratio Comparison

MAGS has a 0.29% expense ratio, which is lower than SSG's 0.95% expense ratio.

Dividends

MAGS vs. SSG - Dividend Comparison

MAGS's dividend yield for the trailing twelve months is around 1.47%, less than SSG's 11.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MAGS Roundhill Magnificent Seven ETF	1.47%	1.48%	0.81%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%
SSG Proshares Ultrashort Semiconductors	11.85%	9.19%	7.67%	6.73%	0.75%	0.00%	0.34%	1.81%	0.62%

Frequently Asked Questions

Can I hold both MAGS and SSG in my portfolio?

MAGS and SSG have a correlation of -0.66, 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 SSG?

SSG has higher volatility (27.50%) compared to MAGS (5.89%). In terms of maximum drawdown, MAGS dropped -29.91% vs SSG's -100.00%.

Which ETF is better, MAGS or SSG?

On 3-year performance, MAGS leads with 33.16% vs -73.85% for SSG. On fees, MAGS is cheaper at 0.29% per year. On volatility, MAGS has been the lower-risk option at 5.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGS or SSG?

Over the 3-year period, MAGS has performed better with a 33.16% return vs -73.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGS or SSG?

MAGS is cheaper with a 0.29% expense ratio, compared with 0.95% for SSG.

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

SSG has the higher dividend yield at 11.85%, compared with 1.47% for MAGS.

What is the main difference between MAGS and SSG?

MAGS is categorized as Technology Equities, while SSG is Leveraged Equities. They also come from different issuers: Roundhill and ProShares. Their fees differ too: 0.29% for MAGS and 0.95% for SSG.

Which has better risk-adjusted returns?

MAGS currently has the higher Sharpe Ratio (1.40 vs -1.22), 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.