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 25.45% vs -32.85% for NNE. At a 0.33 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 -13.73% return, which is significantly lower than NNE's -0.46% return.
MAGX
- 1D
- -2.86%
- 1M
- -17.70%
- YTD
- -13.73%
- 6M
- -16.51%
- 1Y
- 25.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NNE
- 1D
- -6.79%
- 1M
- -10.59%
- YTD
- -0.46%
- 6M
- -24.72%
- 1Y
- -32.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGX vs. NNE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | -13.73% | 26.16% | 69.05% |
NNE NANO Nuclear Energy Inc. | -0.46% | -3.55% | 591.53% |
Correlation
The correlation between MAGX and NNE 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 May 8, 2024 | 0.33 |
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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 | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.01 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | -0.50 | +1.18 |
| Martin ratioReturn relative to average drawdown | 2.03 | -0.78 | +2.81 |
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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% | -66.45% | +29.21% |
Current DrawdownCurrent decline from peak | -21.36% | -57.80% | +36.44% |
Average DrawdownAverage peak-to-trough decline | -13.79% | -36.39% | +22.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.59% | 41.98% | -29.39% |
Volatility
MAGX vs. NNE - Volatility Comparison
The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 15.32%, while NANO Nuclear Energy Inc. (NNE) has a volatility of 34.45%. 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 | 15.32% | 34.45% | -19.13% |
Volatility (6M)Calculated over the trailing 6-month period | 31.75% | 69.59% | -37.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.71% | 98.34% | -56.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.76% | 151.00% | -97.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.76% | 151.00% | -97.24% |
Dividends
MAGX vs. NNE - Dividend Comparison
MAGX's dividend yield for the trailing twelve months is around 2.37%, while NNE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 2.37% | 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 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NNE has higher volatility (34.45%) compared to MAGX (15.32%). In terms of maximum drawdown, MAGX dropped -54.19% vs NNE's -77.68%.
MAGX currently has the higher Sharpe Ratio (0.61 vs -0.34), 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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