MAGX vs. PLTG

Last updated Jul 16, 2026

MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) and PLTG (Leverage Shares 2X Long PLTR Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, MAGX returned 35.54% vs -46.66% for PLTG. At a 0.44 correlation, their price movements are largely independent. MAGX charges 0.95%/yr vs 0.75%/yr for PLTG.

Performance

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

Returns By Period

In the year-to-date period, MAGX achieves a 2.02% return, which is significantly higher than PLTG's -55.56% return.

MAGX

• 1D: 4.45%
• 1M: 5.74%
• 6M: 5.99%
• YTD: 2.02%
• 1Y: 35.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTG

• 1D: -0.17%
• 1M: -5.14%
• 6M: -55.44%
• YTD: -55.56%
• 1Y: -46.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGX vs. PLTG - Yearly Performance Comparison

	2026 (YTD)	2025
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.02%	102.38%
PLTG Leverage Shares 2X Long PLTR Daily ETF	-55.56%	100.70%

Correlation

The correlation between MAGX and PLTG is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Apr 25, 2025	0.44

Return for Risk

MAGX vs. PLTG — Risk / Return Rank

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

MAGX

MAGX Risk / Return Rank: 27
MAGX Sharpe Ratio Rank: 28
MAGX Sortino Ratio Rank: 29
MAGX Omega Ratio Rank: 27
MAGX Calmar Ratio Rank: 24
MAGX Martin Ratio Rank: 25

PLTG

PLTG Risk / Return Rank: 6
PLTG Sharpe Ratio Rank: 5
PLTG Sortino Ratio Rank: 7
PLTG Omega Ratio Rank: 7
PLTG Calmar Ratio Rank: 4
PLTG Martin Ratio Rank: 4

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. PLTG - 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 PLTR Daily ETF (PLTG). 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	PLTG	Difference
Sharpe ratio: Return per unit of total volatility	0.84	-0.46	+1.29
Sortino ratio: Return per unit of downside risk	1.33	-0.12	+1.45
Omega ratio: Gain probability vs. loss probability	1.16	0.99	+0.18
Calmar ratio: Return relative to maximum drawdown	0.96	-0.58	+1.54
Martin ratio: Return relative to average drawdown	2.69	-1.00	+3.69

MAGX vs. PLTG - Sharpe Ratio Comparison

The current MAGX Sharpe Ratio is 0.84, which is higher than the PLTG Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of MAGX and PLTG, 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. PLTG - Drawdown Comparison

The maximum MAGX drawdown since its inception was -54.19%, smaller than the maximum PLTG drawdown of -80.11%. Use the drawdown chart below to compare losses from any high point for MAGX and PLTG.

Drawdown Indicators

	MAGX	PLTG	Difference
Max Drawdown Largest peak-to-trough decline	-54.19%	-80.11%	+25.92%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	-80.11%	+42.87%
Current Drawdown Current decline from peak	-7.01%	-69.80%	+62.79%
Average Drawdown Average peak-to-trough decline	-13.85%	-34.05%	+20.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.25%	46.65%	-33.40%

Volatility

MAGX vs. PLTG - Volatility Comparison

The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 16.07%, while Leverage Shares 2X Long PLTR Daily ETF (PLTG) has a volatility of 33.06%. This indicates that MAGX experiences smaller price fluctuations and is considered to be less risky than PLTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGX	PLTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.07%	33.06%	-16.99%
Volatility (6M) Calculated over the trailing 6-month period	33.53%	80.33%	-46.80%
Volatility (1Y) Calculated over the trailing 1-year period	42.70%	102.79%	-60.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.65%	105.87%	-52.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.65%	105.87%	-52.22%

MAGX vs. PLTG - Expense Ratio Comparison

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

Dividends

MAGX vs. PLTG - Dividend Comparison

MAGX's dividend yield for the trailing twelve months is around 2.01%, less than PLTG's 40.82% yield.

Position	TTM	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.01%	2.05%	0.86%
PLTG Leverage Shares 2X Long PLTR Daily ETF	40.82%	18.14%	0.00%

Frequently Asked Questions

Can I hold both MAGX and PLTG in my portfolio?

MAGX and PLTG have a correlation of 0.47, 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 PLTG?

PLTG has higher volatility (33.06%) compared to MAGX (16.07%). In terms of maximum drawdown, MAGX dropped -54.19% vs PLTG's -80.11%.

Which ETF is better, MAGX or PLTG?

On 1-year performance, MAGX leads with 35.54% vs -46.66% for PLTG. On fees, PLTG is cheaper at 0.75% per year. On volatility, MAGX has been the lower-risk option at 16.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGX or PLTG?

Over the 1-year period, MAGX has performed better with a 35.54% return vs -46.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGX or PLTG?

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

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

PLTG has the higher dividend yield at 40.82%, compared with 2.01% for MAGX.

What is the main difference between MAGX and PLTG?

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

Which has better risk-adjusted returns?

MAGX currently has the higher Sharpe Ratio (0.84 vs -0.46), 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.