MAGX vs. MAGS

Last updated Aug 1, 2026

MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - MAGX is a Leveraged Equities fund actively managed by Roundhill, while MAGS is a Technology Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, MAGX returned 14.76% vs 14.23% for MAGS. Their 0.99 correlation means they have historically moved very closely together. MAGX charges 0.95%/yr vs 0.29%/yr for MAGS.

Performance

MAGX vs. MAGS - Performance Comparison

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

Returns By Period

MAGX

• 1D: 6.55%
• 1M: -0.83%
• 6M: -7.14%
• YTD: -7.36%
• 1Y: 14.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.77%

MAGS

• 1D: 3.19%
• 1M: 0.18%
• 6M: -0.29%
• YTD: 0.00%
• 1Y: 14.23%
• 3Y*: 28.94%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.62%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAGS Roundhill Magnificent Seven ETF	$254.73M	$303.60M	$278.63M
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	$2.90M	$4.02M	$4.88M

MAGX vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-7.36%	26.16%	82.41%
MAGS Roundhill Magnificent Seven ETF	0.00%	22.99%	45.45%

Correlation

The correlation between MAGX and MAGS is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024	0.99

The correlation between MAGX and MAGS has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

MAGX vs. MAGS - Sectors Allocation Comparison

Sectors	MAGX	MAGS
Financial Services	33.5%	-
Basic Materials	-	-
Communication Services	-	7.7%
Consumer Cyclical	-	7.4%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	13.8%
Utilities	-	-

Return for Risk

MAGX vs. MAGS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MAGX

MAGX Risk / Return Rank: 19
MAGX Sharpe Ratio Rank: 18
MAGX Sortino Ratio Rank: 21
MAGX Omega Ratio Rank: 21
MAGX Calmar Ratio Rank: 18
MAGX Martin Ratio Rank: 18

MAGS

MAGS Risk / Return Rank: 27
MAGS Sharpe Ratio Rank: 27
MAGS Sortino Ratio Rank: 27
MAGS Omega Ratio Rank: 26
MAGS Calmar Ratio Rank: 25
MAGS Martin Ratio Rank: 27

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MAGX vs. MAGS - Risk-Adjusted Trends 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.

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	MAGS	Difference
Sharpe ratio: Return per unit of total volatility	0.33	0.64	-0.31
Sortino ratio: Return per unit of downside risk	0.75	1.01	-0.26
Omega ratio: Gain probability vs. loss probability	1.09	1.12	-0.03
Calmar ratio: Return relative to maximum drawdown	0.40	0.77	-0.37
Martin ratio: Return relative to average drawdown	1.07	2.26	-1.19

MAGX vs. MAGS - Sharpe Ratio Comparison

The current MAGX Sharpe Ratio is 0.33, which is lower than the MAGS Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of MAGX and MAGS, 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. MAGS - Drawdown Comparison

The maximum MAGX drawdown since its inception was -54.19%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for MAGX and MAGS.

Drawdown Indicators

	MAGX	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-54.19%	-29.91%	-24.28%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	-18.62%	-18.62%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.91%	—
Current Drawdown Current decline from peak	-15.56%	-7.02%	-8.54%
Average Drawdown Average peak-to-trough decline	-13.92%	-4.86%	-9.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.84%	6.31%	+7.53%

Volatility

MAGX vs. MAGS - Volatility Comparison

Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a higher volatility of 16.11% compared to Roundhill Magnificent Seven ETF (MAGS) at 8.02%. 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.

Volatility by Period

	MAGX	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.11%	8.02%	+8.09%
Volatility (6M) Calculated over the trailing 6-month period	35.09%	17.37%	+17.72%
Volatility (1Y) Calculated over the trailing 1-year period	44.76%	22.30%	+22.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.84%	26.09%	+27.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.84%	26.09%	+27.75%

MAGX vs. MAGS - Expense Ratio Comparison

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

Dividends

MAGX vs. MAGS - Dividend Comparison

MAGX's dividend yield for the trailing twelve months is around 2.21%, more than MAGS's 1.48% yield.

Position	TTM	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	1.48%	1.48%	0.81%	0.44%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.21%	2.05%	0.86%	0.00%

Frequently Asked Questions

Can I hold both MAGX and MAGS in my portfolio?

With a correlation of 0.99, MAGX and MAGS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MAGX or MAGS?

MAGX has higher volatility (16.11%) compared to MAGS (8.02%). In terms of maximum drawdown, MAGX dropped -54.19% vs MAGS's -29.91%.

Which ETF is better, MAGX or MAGS?

On 1-year performance, MAGX leads with 14.76% vs 14.23% for MAGS. On fees, MAGS is cheaper at 0.29% per year. On volatility, MAGS has been the lower-risk option at 8.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGX or MAGS?

Over the 1-year period, MAGX has performed better with a 14.76% return vs 14.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGX or MAGS?

MAGS is cheaper with a 0.29% expense ratio, compared with 0.95% for MAGX.

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

MAGX has the higher dividend yield at 2.21%, compared with 1.48% for MAGS.

What is the main difference between MAGX and MAGS?

MAGX is categorized as Leveraged Equities, while MAGS is Technology Equities. Their fees differ too: 0.95% for MAGX and 0.29% for MAGS.

Which has better risk-adjusted returns?

MAGS currently has the higher Sharpe Ratio (0.64 vs 0.33), 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.