MAGX vs. NNE
MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) is Leveraged Equities fund actively managed by Roundhill, while NNE (NANO Nuclear Energy Inc.) is a stock. Over the past year, MAGX returned 50.73% vs -9.63% for NNE. At a 0.32 correlation, their price movements are largely independent.
Performance
MAGX vs. NNE - Performance Comparison
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Returns By Period
In the year-to-date period, MAGX achieves a 1.49% return, which is significantly lower than NNE's 9.83% return.
MAGX
- 1D
- -2.59%
- 1M
- 3.29%
- YTD
- 1.49%
- 6M
- 0.41%
- 1Y
- 50.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NNE
- 1D
- -13.74%
- 1M
- 13.08%
- YTD
- 9.83%
- 6M
- -22.19%
- 1Y
- -9.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGX vs. NNE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 1.49% | 26.16% | 69.84% |
NNE NANO Nuclear Energy Inc. | 9.83% | -3.55% | 379.67% |
Correlation
The correlation between MAGX and NNE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 9, 2024 | 0.32 |
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Return for Risk
MAGX vs. NNE — Risk / Return Rank
MAGX
NNE
MAGX vs. NNE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and NANO Nuclear Energy Inc. (NNE). 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 | NNE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.06 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | -0.15 | +1.51 |
| Martin ratioReturn relative to average drawdown | 4.21 | -0.24 | +4.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAGX | NNE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | -0.10 | +1.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.81 | +0.04 |
Drawdowns
MAGX vs. NNE - Drawdown Comparison
The maximum MAGX drawdown since its inception was -54.19%, smaller than the maximum NNE drawdown of -77.68%. Use the drawdown chart below to compare losses from any high point for MAGX and NNE.
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Drawdown Indicators
| MAGX | NNE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.19% | -77.68% | +23.49% |
Max Drawdown (1Y)Largest decline over 1 year | -37.24% | -66.45% | +29.21% |
Current DrawdownCurrent decline from peak | -7.49% | -53.43% | +45.94% |
Average DrawdownAverage peak-to-trough decline | -13.78% | -35.96% | +22.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.09% | 39.98% | -27.89% |
Volatility
MAGX vs. NNE - Volatility Comparison
The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 9.19%, while NANO Nuclear Energy Inc. (NNE) has a volatility of 37.95%. This indicates that MAGX experiences smaller price fluctuations and is considered to be less risky than NNE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAGX | NNE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 37.95% | -28.76% |
Volatility (6M)Calculated over the trailing 6-month period | 28.81% | 67.43% | -38.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.88% | 98.37% | -58.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.52% | 148.79% | -95.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.52% | 148.79% | -95.27% |
Dividends
MAGX vs. NNE - Dividend Comparison
MAGX's dividend yield for the trailing twelve months is around 2.02%, while NNE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 2.02% | 2.05% | 0.86% |
NNE NANO Nuclear Energy Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MAGX and NNE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NNE has higher volatility (37.95%) compared to MAGX (9.19%). In terms of maximum drawdown, MAGX dropped -54.19% vs NNE's -77.68%.
MAGX currently has the higher Sharpe Ratio (1.28 vs -0.10), 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.
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