MAGX vs. FNGO
Compare and contrast key facts about Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO).
MAGX and FNGO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAGX is an actively managed fund by Roundhill. It was launched on Feb 28, 2024. FNGO is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG+ Index (+200%). It was launched on Aug 1, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGX or FNGO.
Key characteristics
| MAGX | FNGO | |
|---|---|---|
| Daily Std Dev | 51.04% | 48.99% |
| Max Drawdown | -34.50% | -78.39% |
| Current Drawdown | -21.23% | -20.52% |
Correlation
The correlation between MAGX and FNGO is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MAGX vs. FNGO - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MAGX vs. FNGO - Expense Ratio Comparison
Both MAGX and FNGO have an expense ratio of 0.95%.
Risk-Adjusted Performance
MAGX vs. FNGO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO). 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.
Not enough dataDividends
MAGX vs. FNGO - Dividend Comparison
Neither MAGX nor FNGO has paid dividends to shareholders.
Drawdowns
MAGX vs. FNGO - Drawdown Comparison
The maximum MAGX drawdown since its inception was -34.50%, smaller than the maximum FNGO drawdown of -78.39%. Use the drawdown chart below to compare losses from any high point for MAGX and FNGO. For additional features, visit the drawdowns tool.
Volatility
MAGX vs. FNGO - Volatility Comparison
The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 15.20%, while MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) has a volatility of 16.99%. This indicates that MAGX experiences smaller price fluctuations and is considered to be less risky than FNGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.