MAGX vs. NRGU

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU).

MAGX and NRGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAGX is an actively managed fund by Roundhill. It was launched on Feb 28, 2024. NRGU is a passively managed fund by BMO that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019.

Performance

MAGX vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). The values are adjusted to include any dividend payments, if applicable.

MAGX vs. NRGU - Yearly Performance Comparison

	2026 (YTD)	2025
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-23.25%	26.47%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	139.49%	-33.00%

Returns By Period

In the year-to-date period, MAGX achieves a -23.25% return, which is significantly lower than NRGU's 139.49% return.

MAGX

• 1D: 2.69%
• 1M: -10.34%
• YTD: -23.25%
• 6M: -21.67%
• 1Y: 37.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRGU

• 1D: -10.75%
• 1M: 24.81%
• YTD: 139.49%
• 6M: 107.68%
• 1Y: 69.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGX vs. NRGU - Expense Ratio Comparison

Both MAGX and NRGU have an expense ratio of 0.95%.

MAGX

Roundhill Daily 2X Long Magnificent Seven ETF

NRGU

MicroSectors U.S. Big Oil Index 3X Leveraged ETN

Return for Risk

MAGX vs. NRGU — Risk / Return Rank

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

MAGX

MAGX Risk / Return Rank: 41
MAGX Sharpe Ratio Rank: 34
MAGX Sortino Ratio Rank: 46
MAGX Omega Ratio Rank: 42
MAGX Calmar Ratio Rank: 43
MAGX Martin Ratio Rank: 38

NRGU

NRGU Risk / Return Rank: 45
NRGU Sharpe Ratio Rank: 40
NRGU Sortino Ratio Rank: 54
NRGU Omega Ratio Rank: 54
NRGU Calmar Ratio Rank: 47
NRGU Martin Ratio Rank: 30

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. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). 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	NRGU	Difference
Sharpe ratio Return per unit of total volatility	0.67	0.79	-0.12
Sortino ratio Return per unit of downside risk	1.33	1.48	-0.15
Omega ratio Gain probability vs. loss probability	1.18	1.21	-0.04
Calmar ratio Return relative to maximum drawdown	1.16	1.29	-0.13
Martin ratio Return relative to average drawdown	3.66	2.64	+1.02
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. NRGU - Sharpe Ratio Comparison

The current MAGX Sharpe Ratio is 0.67, which is comparable to the NRGU Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of MAGX and NRGU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MAGX	NRGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	0.79	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.61	-0.04

Correlation

The correlation between MAGX and NRGU is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MAGX vs. NRGU - Dividend Comparison

MAGX's dividend yield for the trailing twelve months is around 2.67%, while NRGU has not paid dividends to shareholders.

	TTM	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.67%	2.05%	0.86%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	0.00%	0.00%	0.00%

Drawdowns

MAGX vs. NRGU - Drawdown Comparison

The maximum MAGX drawdown since its inception was -54.19%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for MAGX and NRGU.

Drawdown Indicators

	MAGX	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-54.19%	-57.50%	+3.31%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	-55.24%	+18.00%
Current Drawdown Current decline from peak	-29.46%	-17.40%	-12.06%
Average Drawdown Average peak-to-trough decline	-14.08%	-25.38%	+11.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.80%	27.12%	-15.32%

Volatility

MAGX vs. NRGU - Volatility Comparison

The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 16.99%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 23.31%. This indicates that MAGX experiences smaller price fluctuations and is considered to be less risky than NRGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGX	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.99%	23.31%	-6.32%
Volatility (6M) Calculated over the trailing 6-month period	31.00%	50.27%	-19.27%
Volatility (1Y) Calculated over the trailing 1-year period	57.15%	88.18%	-31.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.60%	87.12%	-32.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.60%	87.12%	-32.52%