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 28.07% vs -48.93% for NNE. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
MAGX vs. NNE - Performance Comparison
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Returns By Period
In the year-to-date period, MAGX achieves a 0.37% return, which is significantly higher than NNE's -24.32% return.
MAGX
- 1D
- 0.95%
- 1M
- 9.92%
- 6M
- 4.52%
- YTD
- 0.37%
- 1Y
- 28.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 41.16%
NNE
- 1D
- 3.36%
- 1M
- -9.29%
- 6M
- -39.21%
- YTD
- -24.32%
- 1Y
- -48.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 106.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.93M | $4.39M | $4.75M | |
| $35.14M | $37.27M | $62.47M |
MAGX vs. NNE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 0.37% | 26.16% | 69.05% |
NNE NANO Nuclear Energy Inc. | -24.32% | -3.55% | 591.53% |
Correlation
The correlation between MAGX and NNE is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 8, 2024 | 0.34 |
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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.
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 | NNE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.97 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | -0.67 | +1.42 |
| Martin ratioReturn relative to average drawdown | 2.03 | -1.03 | +3.06 |
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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% | -73.72% | +36.48% |
Current DrawdownCurrent decline from peak | -8.51% | -67.91% | +59.40% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -38.02% | +24.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.85% | 47.40% | -33.55% |
Volatility
MAGX vs. NNE - Volatility Comparison
The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 17.19%, while NANO Nuclear Energy Inc. (NNE) has a volatility of 26.50%. 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 | 17.19% | 26.50% | -9.31% |
Volatility (6M)Calculated over the trailing 6-month period | 35.81% | 68.32% | -32.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.80% | 99.02% | -54.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.95% | 148.48% | -94.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.95% | 148.48% | -94.53% |
Dividends
MAGX vs. NNE - Dividend Comparison
MAGX's dividend yield for the trailing twelve months is around 2.04%, while NNE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 2.04% | 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 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NNE has higher volatility (26.50%) compared to MAGX (17.19%). In terms of maximum drawdown, MAGX dropped -54.19% vs NNE's -77.68%.
MAGX currently has the higher Sharpe Ratio (0.63 vs -0.50), 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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