MAGX vs. OKTG

Last updated Jul 17, 2026

MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) and OKTG (Leverage Shares 2X Long OKTA Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. MAGX charges 0.95%/yr vs 0.75%/yr for OKTG.

Performance

MAGX vs. OKTG - 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 OKTA Daily ETF (OKTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGX achieves a -0.42% return, which is significantly lower than OKTG's 110.88% return.

MAGX

• 1D: -2.39%
• 1M: 4.25%
• 6M: 3.06%
• YTD: -0.42%
• 1Y: 31.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OKTG

• 1D: -4.61%
• 1M: 54.71%
• 6M: 88.98%
• YTD: 110.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGX vs. OKTG - Yearly Performance Comparison

	2026 (YTD)	2025
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-0.42%	5.26%
OKTG Leverage Shares 2X Long OKTA Daily ETF	110.88%	5.90%

Correlation

The correlation between MAGX and OKTG is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.28

Return for Risk

MAGX vs. OKTG — Risk / Return Rank

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

MAGX

MAGX Risk / Return Rank: 24
MAGX Sharpe Ratio Rank: 25
MAGX Sortino Ratio Rank: 26
MAGX Omega Ratio Rank: 25
MAGX Calmar Ratio Rank: 22
MAGX Martin Ratio Rank: 24

OKTG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. OKTG - 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 OKTA Daily ETF (OKTG). 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	OKTG	Difference
Sharpe ratio: Return per unit of total volatility	0.74	—	—
Sortino ratio: Return per unit of downside risk	1.22	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.85	—	—
Martin ratio: Return relative to average drawdown	2.37	—	—

Drawdowns

MAGX vs. OKTG - Drawdown Comparison

The maximum MAGX drawdown since its inception was -54.19%, smaller than the maximum OKTG drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for MAGX and OKTG.

Drawdown Indicators

	MAGX	OKTG	Difference
Max Drawdown Largest peak-to-trough decline	-54.19%	-60.69%	+6.50%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	—	—
Current Drawdown Current decline from peak	-9.23%	-9.20%	-0.03%
Average Drawdown Average peak-to-trough decline	-13.84%	-22.77%	+8.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.26%	—	—

Volatility

Volatility by Period

	MAGX	OKTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	42.77%	133.12%	-90.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.63%	133.12%	-79.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.63%	133.12%	-79.49%

MAGX vs. OKTG - Expense Ratio Comparison

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

Dividends

MAGX vs. OKTG - Dividend Comparison

MAGX's dividend yield for the trailing twelve months is around 2.06%, while OKTG has not paid dividends to shareholders.

Position	TTM	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.06%	2.05%	0.86%
OKTG Leverage Shares 2X Long OKTA Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAGX and OKTG in my portfolio?

MAGX and OKTG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MAGX or OKTG?

On fees, OKTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MAGX or OKTG?

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

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

MAGX has the higher dividend yield at 2.06%, compared with 0.00% for OKTG.

What is the main difference between MAGX and OKTG?

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