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MAGX vs. FNGO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

MAGX vs. FNGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and MicroSectors FANG+ Index 2X Leveraged ETN (FNGO). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctoberNovember
46.12%
29.55%
MAGX
FNGO

Returns By Period


MAGX

YTD

N/A

1M

18.14%

6M

46.12%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

FNGO

YTD

81.10%

1M

9.32%

6M

29.55%

1Y

97.58%

5Y (annualized)

55.55%

10Y (annualized)

N/A

Key characteristics


MAGXFNGO
Daily Std Dev49.99%47.88%
Max Drawdown-34.50%-78.39%
Current Drawdown-1.80%-2.50%

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MAGX vs. FNGO - Expense Ratio Comparison

Both MAGX and FNGO have an expense ratio of 0.95%.


MAGX
Roundhill Daily 2X Long Magnificent Seven ETF
Expense ratio chart for MAGX: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for FNGO: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.9

The correlation between MAGX and FNGO is 0.93, 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.

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.


Sharpe ratio
No data
MAGX
FNGO

Chart placeholderNot enough data

Dividends

MAGX vs. FNGO - Dividend Comparison

Neither MAGX nor FNGO has paid dividends to shareholders.


Tickers have no history of dividend payments

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.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.80%
-2.50%
MAGX
FNGO

Volatility

MAGX vs. FNGO - Volatility Comparison

Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a higher volatility of 16.49% compared to MicroSectors FANG+ Index 2X Leveraged ETN (FNGO) at 13.57%. This indicates that MAGX's price experiences larger fluctuations and is considered to be riskier than FNGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
16.49%
13.57%
MAGX
FNGO