MAGX vs. NVDG

Last updated Aug 5, 2026

MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, MAGX returned 28.07% vs 8.42% for NVDG. Their 0.70 correlation means they have sometimes moved together and sometimes differently. MAGX charges 0.95%/yr vs 0.75%/yr for NVDG.

Performance

MAGX vs. NVDG - Performance Comparison

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

Returns By Period

In the year-to-date period, MAGX achieves a 0.37% return, which is significantly lower than NVDG's 10.88% return.

MAGX

• 1D: 0.95%
• 1M: 9.92%
• 6M: 4.52%
• YTD: 0.37%
• 1Y: 28.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 41.16%

NVDG

• 1D: 5.28%
• 1M: 16.34%
• 6M: 20.84%
• YTD: 10.88%
• 1Y: 8.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	$3.93M	$4.39M	$4.75M
NVDG Leverage Shares 2X Long NVDA Daily ETF	$3.07M	$3.99M	$6.16M

MAGX vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	0.37%	26.16%	-7.07%
NVDG Leverage Shares 2X Long NVDA Daily ETF	10.88%	32.45%	-0.52%

Correlation

The correlation between MAGX and NVDG is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.70

The correlation between MAGX and NVDG has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.

Return for Risk

MAGX vs. NVDG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MAGX

MAGX Risk / Return Rank: 25
MAGX Sharpe Ratio Rank: 25
MAGX Sortino Ratio Rank: 27
MAGX Omega Ratio Rank: 26
MAGX Calmar Ratio Rank: 24
MAGX Martin Ratio Rank: 24

NVDG

NVDG Risk / Return Rank: 15
NVDG Sharpe Ratio Rank: 12
NVDG Sortino Ratio Rank: 18
NVDG Omega Ratio Rank: 17
NVDG Calmar Ratio Rank: 13
NVDG Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MAGX vs. NVDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Leverage Shares 2X Long NVDA Daily ETF (NVDG). 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	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	0.63	0.12	+0.51
Sortino ratio: Return per unit of downside risk	1.12	0.68	+0.44
Omega ratio: Gain probability vs. loss probability	1.13	1.08	+0.06
Calmar ratio: Return relative to maximum drawdown	0.76	0.20	+0.56
Martin ratio: Return relative to average drawdown	2.03	0.38	+1.65

MAGX vs. NVDG - Sharpe Ratio Comparison

The current MAGX Sharpe Ratio is 0.63, which is higher than the NVDG Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of MAGX and NVDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MAGX vs. NVDG - Drawdown Comparison

The maximum MAGX drawdown since its inception was -54.19%, smaller than the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for MAGX and NVDG.

Drawdown Indicators

	MAGX	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-54.19%	-66.19%	+12.00%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	-42.72%	+5.48%
Current Drawdown Current decline from peak	-8.51%	-23.86%	+15.35%
Average Drawdown Average peak-to-trough decline	-13.91%	-23.53%	+9.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.85%	22.08%	-8.23%

Volatility

MAGX vs. NVDG - Volatility Comparison

The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 17.19%, while Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a volatility of 25.30%. This indicates that MAGX experiences smaller price fluctuations and is considered to be less risky than NVDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGX	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.19%	25.30%	-8.11%
Volatility (6M) Calculated over the trailing 6-month period	35.81%	56.10%	-20.29%
Volatility (1Y) Calculated over the trailing 1-year period	44.80%	72.44%	-27.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.95%	89.73%	-35.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.95%	89.73%	-35.78%

MAGX vs. NVDG - Expense Ratio Comparison

MAGX has a 0.95% expense ratio, which is higher than NVDG's 0.75% expense ratio.

Dividends

MAGX vs. NVDG - Dividend Comparison

MAGX's dividend yield for the trailing twelve months is around 2.04%, less than NVDG's 10.65% yield.

Position	TTM	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.04%	2.05%	0.86%
NVDG Leverage Shares 2X Long NVDA Daily ETF	10.65%	11.81%	0.00%

Frequently Asked Questions

Can I hold both MAGX and NVDG in my portfolio?

MAGX and NVDG have a correlation of 0.67, 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 NVDG?

NVDG has higher volatility (25.30%) compared to MAGX (17.19%). In terms of maximum drawdown, MAGX dropped -54.19% vs NVDG's -66.19%.

Which ETF is better, MAGX or NVDG?

On 1-year performance, MAGX leads with 28.07% vs 8.42% for NVDG. On fees, NVDG is cheaper at 0.75% per year. On volatility, MAGX has been the lower-risk option at 17.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGX or NVDG?

Over the 1-year period, MAGX has performed better with a 28.07% return vs 8.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGX or NVDG?

NVDG is cheaper with a 0.75% expense ratio, compared with 0.95% for MAGX.

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

NVDG has the higher dividend yield at 10.65%, compared with 2.04% for MAGX.

What is the main difference between MAGX and NVDG?

They also come from different issuers: Roundhill and Leverage Shares. Their fees differ too: 0.95% for MAGX and 0.75% for NVDG.

Which has better risk-adjusted returns?

MAGX currently has the higher Sharpe Ratio (0.63 vs 0.12), 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.