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

Key characteristics


MAGXMAGS
Daily Std Dev50.43%24.98%
Max Drawdown-34.50%-18.10%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.01.0

The correlation between MAGX and MAGS is 0.99, 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. MAGS - Performance Comparison

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%10.00%20.00%30.00%40.00%50.00%60.00%JuneJulyAugustSeptemberOctoberNovember
55.83%
30.43%
MAGX
MAGS

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MAGX vs. MAGS - Expense Ratio Comparison

MAGX has a 0.95% expense ratio, which is higher than MAGS's 0.29% expense ratio.


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 MAGS: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%

Risk-Adjusted Performance

MAGX vs. MAGS - Risk-Adjusted Performance Comparison

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


MAGX
Sharpe ratio
No data
MAGS
Sharpe ratio
The chart of Sharpe ratio for MAGS, currently valued at 2.66, compared to the broader market-2.000.002.004.002.66
Sortino ratio
The chart of Sortino ratio for MAGS, currently valued at 3.31, compared to the broader market0.005.0010.003.31
Omega ratio
The chart of Omega ratio for MAGS, currently valued at 1.45, compared to the broader market1.001.502.002.503.001.45
Calmar ratio
The chart of Calmar ratio for MAGS, currently valued at 3.67, compared to the broader market0.005.0010.0015.003.67
Martin ratio
The chart of Martin ratio for MAGS, currently valued at 11.92, compared to the broader market0.0020.0040.0060.0080.00100.0011.92

MAGX vs. MAGS - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

MAGX vs. MAGS - Dividend Comparison

MAGX has not paid dividends to shareholders, while MAGS's dividend yield for the trailing twelve months is around 0.28%.


TTM2023
MAGX
Roundhill Daily 2X Long Magnificent Seven ETF
0.00%0.00%
MAGS
Roundhill Magnificent Seven ETF
0.28%0.44%

Drawdowns

MAGX vs. MAGS - Drawdown Comparison

The maximum MAGX drawdown since its inception was -34.50%, which is greater than MAGS's maximum drawdown of -18.10%. Use the drawdown chart below to compare losses from any high point for MAGX and MAGS. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
MAGX
MAGS

Volatility

MAGX vs. MAGS - Volatility Comparison

Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a higher volatility of 15.62% compared to Roundhill Magnificent Seven ETF (MAGS) at 7.83%. This indicates that MAGX's price experiences larger fluctuations and is considered to be riskier than MAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
15.62%
7.83%
MAGX
MAGS