MAGX vs. IGM

Last updated Jun 13, 2026

MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) and IGM (iShares Expanded Tech Sector ETF) are both exchange-traded funds - MAGX is a Leveraged Equities fund actively managed by Roundhill, while IGM is a Technology Equities fund tracking the S&P North American Expanded Technology Sector Index. MAGX is actively managed, while IGM is passively managed. Over the past year, MAGX returned 33.21% vs 48.57% for IGM. Their correlation of 0.83 suggests significant overlap in exposure. MAGX charges 0.95%/yr vs 0.39%/yr for IGM.

Performance

MAGX vs. IGM - Performance Comparison

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

Returns By Period

In the year-to-date period, MAGX achieves a -8.69% return, which is significantly lower than IGM's 23.42% return.

MAGX

• 1D: -0.27%
• 1M: -16.06%
• YTD: -8.69%
• 6M: -7.45%
• 1Y: 33.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IGM

• 1D: 0.69%
• 1M: 3.04%
• YTD: 23.42%
• 6M: 23.24%
• 1Y: 48.57%
• 3Y*: 35.37%
• 5Y*: 20.09%
• 10Y*: 24.57%

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

MAGX vs. IGM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-8.69%	26.16%	82.41%
IGM iShares Expanded Tech Sector ETF	23.42%	26.76%	23.01%

Correlation

The correlation between MAGX and IGM is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024	0.83

The correlation between MAGX and IGM has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

MAGX vs. IGM - Sectors Allocation Comparison

Sectors	MAGX	IGM
Financial Services	25.0%	0.2%
Basic Materials	-	-
Communication Services	-	16.8%
Consumer Cyclical	-	0.1%
Consumer Defensive	-	-
Energy	-	0.1%
Healthcare	-	-
Industrials	-	0.2%
Real Estate	-	-
Technology	-	82.8%
Utilities	-	-

Return for Risk

MAGX vs. IGM — Risk / Return Rank

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

MAGX

MAGX Risk / Return Rank: 25
MAGX Sharpe Ratio Rank: 26
MAGX Sortino Ratio Rank: 26
MAGX Omega Ratio Rank: 26
MAGX Calmar Ratio Rank: 22
MAGX Martin Ratio Rank: 23

IGM

IGM Risk / Return Rank: 71
IGM Sharpe Ratio Rank: 80
IGM Sortino Ratio Rank: 72
IGM Omega Ratio Rank: 73
IGM Calmar Ratio Rank: 68
IGM Martin Ratio Rank: 64

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. IGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and iShares Expanded Tech Sector ETF (IGM). 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	IGM	Difference
Sharpe ratio: Return per unit of total volatility	0.82	2.22	-1.40
Sortino ratio: Return per unit of downside risk	1.29	2.78	-1.49
Omega ratio: Gain probability vs. loss probability	1.16	1.37	-0.21
Calmar ratio: Return relative to maximum drawdown	0.90	2.97	-2.07
Martin ratio: Return relative to average drawdown	2.70	10.06	-7.36

MAGX vs. IGM - Sharpe Ratio Comparison

The current MAGX Sharpe Ratio is 0.82, which is lower than the IGM Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of MAGX and IGM, 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. IGM - Drawdown Comparison

The maximum MAGX drawdown since its inception was -54.19%, smaller than the maximum IGM drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for MAGX and IGM.

Drawdown Indicators

	MAGX	IGM	Difference
Max Drawdown Largest peak-to-trough decline	-54.19%	-65.59%	+11.40%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	-16.44%	-20.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.68%	—
Current Drawdown Current decline from peak	-16.77%	-6.80%	-9.97%
Average Drawdown Average peak-to-trough decline	-13.76%	-15.22%	+1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.32%	4.84%	+7.48%

Volatility

MAGX vs. IGM - Volatility Comparison

Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a higher volatility of 12.35% compared to iShares Expanded Tech Sector ETF (IGM) at 10.03%. This indicates that MAGX's price experiences larger fluctuations and is considered to be riskier than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGX	IGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.35%	10.03%	+2.32%
Volatility (6M) Calculated over the trailing 6-month period	30.63%	18.11%	+12.52%
Volatility (1Y) Calculated over the trailing 1-year period	40.70%	21.98%	+18.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.61%	25.91%	+27.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.61%	24.66%	+28.95%

MAGX vs. IGM - Expense Ratio Comparison

MAGX has a 0.95% expense ratio, which is higher than IGM's 0.39% expense ratio.

Dividends

MAGX vs. IGM - Dividend Comparison

MAGX's dividend yield for the trailing twelve months is around 2.24%, more than IGM's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGM iShares Expanded Tech Sector ETF	0.13%	0.17%	0.22%	0.33%	0.66%	0.16%	0.32%	0.50%	0.57%	0.57%	0.90%	0.79%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.24%	2.05%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAGX and IGM in my portfolio?

MAGX and IGM have a correlation of 0.76, 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 IGM?

MAGX has higher volatility (12.35%) compared to IGM (10.03%). In terms of maximum drawdown, MAGX dropped -54.19% vs IGM's -65.59%.

Which ETF is better, MAGX or IGM?

On 1-year performance, IGM leads with 48.57% vs 33.21% for MAGX. On fees, IGM is cheaper at 0.39% per year. On volatility, IGM has been the lower-risk option at 10.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGX or IGM?

Over the 1-year period, IGM has performed better with a 48.57% return vs 33.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGX or IGM?

IGM is cheaper with a 0.39% expense ratio, compared with 0.95% for MAGX.

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

MAGX has the higher dividend yield at 2.24%, compared with 0.13% for IGM.

What is the main difference between MAGX and IGM?

MAGX is categorized as Leveraged Equities, while IGM is Technology Equities. They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.95% for MAGX and 0.39% for IGM.

Which has better risk-adjusted returns?

IGM currently has the higher Sharpe Ratio (2.22 vs 0.82), 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.