MAGX vs. MUU

Last updated Jun 4, 2026

MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. Over the past year, MAGX returned 50.73% vs 6522.95% for MUU. At a 0.46 correlation, their price movements are largely independent. MAGX charges 0.95%/yr vs 1.06%/yr for MUU.

Performance

MAGX vs. MUU - Performance Comparison

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

Returns By Period

In the year-to-date period, MAGX achieves a 1.49% return, which is significantly lower than MUU's 961.23% return.

MAGX

• 1D: -2.59%
• 1M: 3.29%
• YTD: 1.49%
• 6M: 0.41%
• 1Y: 50.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: 3.08%
• 1M: 218.90%
• YTD: 961.23%
• 6M: 1,422.01%
• 1Y: 6,522.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGX vs. MUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	1.49%	26.16%	29.10%
MUU Direxion Daily MU Bull 2X Shares	961.23%	599.03%	-43.09%

Correlation

The correlation between MAGX and MUU is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024	0.46

Return for Risk

MAGX vs. MUU — Risk / Return Rank

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

MAGX

MAGX Risk / Return Rank: 31
MAGX Sharpe Ratio Rank: 35
MAGX Sortino Ratio Rank: 33
MAGX Omega Ratio Rank: 32
MAGX Calmar Ratio Rank: 28
MAGX Martin Ratio Rank: 29

MUU

MUU Risk / Return Rank: 99
MUU Sharpe Ratio Rank: 100
MUU Sortino Ratio Rank: 98
MUU Omega Ratio Rank: 97
MUU Calmar Ratio Rank: 100
MUU Martin Ratio Rank: 100

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. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Direxion Daily MU Bull 2X Shares (MUU). 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	MUU	Difference
Sharpe ratio: Return per unit of total volatility	1.28	50.40	-49.13
Sortino ratio: Return per unit of downside risk	1.79	7.17	-5.38
Omega ratio: Gain probability vs. loss probability	1.22	1.91	-0.69
Calmar ratio: Return relative to maximum drawdown	1.37	125.85	-124.48
Martin ratio: Return relative to average drawdown	4.21	426.84	-422.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAGX vs. MUU - Sharpe Ratio Comparison

The current MAGX Sharpe Ratio is 1.28, which is lower than the MUU Sharpe Ratio of 50.40. The chart below compares the historical Sharpe Ratios of MAGX and MUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAGX	MUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	50.40	-49.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	6.68	-5.83

Drawdowns

MAGX vs. MUU - Drawdown Comparison

The maximum MAGX drawdown since its inception was -54.19%, smaller than the maximum MUU drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for MAGX and MUU.

Drawdown Indicators

	MAGX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-54.19%	-75.07%	+20.88%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	-52.72%	+15.48%
Current Drawdown Current decline from peak	-7.49%	0.00%	-7.49%
Average Drawdown Average peak-to-trough decline	-13.78%	-23.44%	+9.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.09%	15.51%	-3.42%

Volatility

MAGX vs. MUU - Volatility Comparison

The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 9.19%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 54.78%. This indicates that MAGX experiences smaller price fluctuations and is considered to be less risky than MUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGX	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.19%	54.78%	-45.59%
Volatility (6M) Calculated over the trailing 6-month period	28.81%	105.07%	-76.26%
Volatility (1Y) Calculated over the trailing 1-year period	39.88%	131.77%	-91.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.52%	133.67%	-80.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.52%	133.67%	-80.15%

MAGX vs. MUU - Expense Ratio Comparison

MAGX has a 0.95% expense ratio, which is lower than MUU's 1.06% expense ratio.

Dividends

MAGX vs. MUU - Dividend Comparison

MAGX's dividend yield for the trailing twelve months is around 2.02%, more than MUU's 0.46% yield.

Position	TTM	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.02%	2.05%	0.86%
MUU Direxion Daily MU Bull 2X Shares	0.46%	4.27%	0.31%

Frequently Asked Questions

Can I hold both MAGX and MUU in my portfolio?

MAGX and MUU have a correlation of 0.39, 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 MUU?

MUU has higher volatility (54.78%) compared to MAGX (9.19%). In terms of maximum drawdown, MAGX dropped -54.19% vs MUU's -75.07%.

Which ETF is better, MAGX or MUU?

On 1-year performance, MUU leads with 6522.95% vs 50.73% for MAGX. On fees, MAGX is cheaper at 0.95% per year. On volatility, MAGX has been the lower-risk option at 9.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGX or MUU?

Over the 1-year period, MUU has performed better with a 6522.95% return vs 50.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGX or MUU?

MAGX is cheaper with a 0.95% expense ratio, compared with 1.06% for MUU.

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

MAGX has the higher dividend yield at 2.02%, compared with 0.46% for MUU.

What is the main difference between MAGX and MUU?

They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.95% for MAGX and 1.06% for MUU.

Which has better risk-adjusted returns?

MUU currently has the higher Sharpe Ratio (50.40 vs 1.28), 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.