MAGX vs. BOEG

Last updated Jul 16, 2026

MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) and BOEG (Leverage Shares 2X Long BA Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, MAGX returned 35.54% vs -27.67% for BOEG. At a 0.35 correlation, their price movements are largely independent. MAGX charges 0.95%/yr vs 0.75%/yr for BOEG.

Performance

MAGX vs. BOEG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Leverage Shares 2X Long BA Daily ETF (BOEG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGX achieves a 2.02% return, which is significantly higher than BOEG's -10.36% return.

MAGX

• 1D: 4.45%
• 1M: 5.74%
• 6M: 5.99%
• YTD: 2.02%
• 1Y: 35.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BOEG

• 1D: 0.95%
• 1M: -10.51%
• 6M: -27.48%
• YTD: -10.36%
• 1Y: -27.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGX vs. BOEG - Yearly Performance Comparison

	2026 (YTD)	2025
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.02%	45.89%
BOEG Leverage Shares 2X Long BA Daily ETF	-10.36%	6.85%

Correlation

The correlation between MAGX and BOEG is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.35

Return for Risk

MAGX vs. BOEG — Risk / Return Rank

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

MAGX

MAGX Risk / Return Rank: 27
MAGX Sharpe Ratio Rank: 28
MAGX Sortino Ratio Rank: 29
MAGX Omega Ratio Rank: 27
MAGX Calmar Ratio Rank: 24
MAGX Martin Ratio Rank: 25

BOEG

BOEG Risk / Return Rank: 5
BOEG Sharpe Ratio Rank: 6
BOEG Sortino Ratio Rank: 6
BOEG Omega Ratio Rank: 6
BOEG Calmar Ratio Rank: 4
BOEG Martin Ratio Rank: 4

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.

MAGX vs. BOEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Leverage Shares 2X Long BA Daily ETF (BOEG). 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.

	MAGX	BOEG	Difference
Sharpe ratio: Return per unit of total volatility	0.84	-0.44	+1.27
Sortino ratio: Return per unit of downside risk	1.33	-0.29	+1.62
Omega ratio: Gain probability vs. loss probability	1.16	0.97	+0.19
Calmar ratio: Return relative to maximum drawdown	0.96	-0.60	+1.56
Martin ratio: Return relative to average drawdown	2.69	-1.12	+3.81

MAGX vs. BOEG - Sharpe Ratio Comparison

The current MAGX Sharpe Ratio is 0.84, which is higher than the BOEG Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of MAGX and BOEG, 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

MAGX vs. BOEG - Drawdown Comparison

The maximum MAGX drawdown since its inception was -54.19%, which is greater than BOEG's maximum drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for MAGX and BOEG.

Drawdown Indicators

	MAGX	BOEG	Difference
Max Drawdown Largest peak-to-trough decline	-54.19%	-46.47%	-7.72%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	-46.47%	+9.23%
Current Drawdown Current decline from peak	-7.01%	-32.70%	+25.69%
Average Drawdown Average peak-to-trough decline	-13.85%	-20.17%	+6.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.25%	24.64%	-11.39%

Volatility

MAGX vs. BOEG - Volatility Comparison

The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 16.07%, while Leverage Shares 2X Long BA Daily ETF (BOEG) has a volatility of 18.17%. This indicates that MAGX experiences smaller price fluctuations and is considered to be less risky than BOEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGX	BOEG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.07%	18.17%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	33.53%	47.33%	-13.80%
Volatility (1Y) Calculated over the trailing 1-year period	42.70%	63.80%	-21.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.65%	63.82%	-10.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.65%	63.82%	-10.17%

MAGX vs. BOEG - Expense Ratio Comparison

MAGX has a 0.95% expense ratio, which is higher than BOEG's 0.75% expense ratio.

Dividends

MAGX vs. BOEG - Dividend Comparison

MAGX's dividend yield for the trailing twelve months is around 2.01%, while BOEG has not paid dividends to shareholders.

Position	TTM	2025	2024
BOEG Leverage Shares 2X Long BA Daily ETF	0.00%	0.00%	0.00%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.01%	2.05%	0.86%

Frequently Asked Questions

Can I hold both MAGX and BOEG in my portfolio?

MAGX and BOEG have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAGX or BOEG?

BOEG has higher volatility (18.17%) compared to MAGX (16.07%). In terms of maximum drawdown, MAGX dropped -54.19% vs BOEG's -46.47%.

Which ETF is better, MAGX or BOEG?

On 1-year performance, MAGX leads with 35.54% vs -27.67% for BOEG. On fees, BOEG is cheaper at 0.75% per year. On volatility, MAGX has been the lower-risk option at 16.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGX or BOEG?

Over the 1-year period, MAGX has performed better with a 35.54% return vs -27.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGX or BOEG?

BOEG is cheaper with a 0.75% expense ratio, compared with 0.95% for MAGX.

Which ETF pays a higher dividend yield, MAGX or BOEG?

MAGX has the higher dividend yield at 2.01%, compared with 0.00% for BOEG.

What is the main difference between MAGX and BOEG?

They also come from different issuers: Roundhill and Leverage Shares. Their fees differ too: 0.95% for MAGX and 0.75% for BOEG.

Which has better risk-adjusted returns?

MAGX currently has the higher Sharpe Ratio (0.84 vs -0.44), 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.