MAGX vs. PLTW

Last updated Jul 16, 2026

MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) and PLTW (PLTR WeeklyPay™ ETF) are both exchange-traded funds - MAGX is a Leveraged Equities fund actively managed by Roundhill, while PLTW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, MAGX returned 35.54% vs -19.05% for PLTW. A 0.52 correlation means they provide meaningful diversification when combined. MAGX charges 0.95%/yr vs 0.99%/yr for PLTW.

Performance

MAGX vs. PLTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and PLTR WeeklyPay™ ETF (PLTW). 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 PLTW's -31.97% return.

MAGX

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

PLTW

• 1D: 0.22%
• 1M: -1.39%
• 6M: -32.03%
• YTD: -31.97%
• 1Y: -19.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGX vs. PLTW - Yearly Performance Comparison

	2026 (YTD)	2025
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.02%	25.00%
PLTW PLTR WeeklyPay™ ETF	-31.97%	28.26%

Correlation

The correlation between MAGX and PLTW is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.52

The correlation between MAGX and PLTW has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.

MAGX vs. PLTW - Sectors Allocation Comparison

Sectors	MAGX	PLTW
Financial Services	37.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	20.0%
Utilities	-	-

Return for Risk

MAGX vs. PLTW — 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

PLTW

PLTW Risk / Return Rank: 7
PLTW Sharpe Ratio Rank: 6
PLTW Sortino Ratio Rank: 8
PLTW Omega Ratio Rank: 8
PLTW Calmar Ratio Rank: 6
PLTW Martin Ratio Rank: 6

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. PLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and PLTR WeeklyPay™ ETF (PLTW). 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	PLTW	Difference
Sharpe ratio: Return per unit of total volatility	0.84	-0.31	+1.15
Sortino ratio: Return per unit of downside risk	1.33	-0.05	+1.38
Omega ratio: Gain probability vs. loss probability	1.16	0.99	+0.17
Calmar ratio: Return relative to maximum drawdown	0.96	-0.33	+1.29
Martin ratio: Return relative to average drawdown	2.69	-0.64	+3.33

MAGX vs. PLTW - Sharpe Ratio Comparison

The current MAGX Sharpe Ratio is 0.84, which is higher than the PLTW Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of MAGX and PLTW, 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. PLTW - Drawdown Comparison

The maximum MAGX drawdown since its inception was -54.19%, smaller than the maximum PLTW drawdown of -57.27%. Use the drawdown chart below to compare losses from any high point for MAGX and PLTW.

Drawdown Indicators

	MAGX	PLTW	Difference
Max Drawdown Largest peak-to-trough decline	-54.19%	-57.27%	+3.08%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	-57.27%	+20.03%
Current Drawdown Current decline from peak	-7.01%	-44.35%	+37.34%
Average Drawdown Average peak-to-trough decline	-13.85%	-24.43%	+10.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.25%	29.71%	-16.46%

Volatility

MAGX vs. PLTW - Volatility Comparison

The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 16.07%, while PLTR WeeklyPay™ ETF (PLTW) has a volatility of 19.80%. This indicates that MAGX experiences smaller price fluctuations and is considered to be less risky than PLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGX	PLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.07%	19.80%	-3.73%
Volatility (6M) Calculated over the trailing 6-month period	33.53%	48.02%	-14.49%
Volatility (1Y) Calculated over the trailing 1-year period	42.70%	61.70%	-19.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.65%	73.91%	-20.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.65%	73.91%	-20.26%

MAGX vs. PLTW - Expense Ratio Comparison

MAGX has a 0.95% expense ratio, which is lower than PLTW's 0.99% expense ratio.

Dividends

MAGX vs. PLTW - Dividend Comparison

MAGX's dividend yield for the trailing twelve months is around 2.01%, less than PLTW's 126.75% yield.

Position	TTM	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.01%	2.05%	0.86%
PLTW PLTR WeeklyPay™ ETF	126.75%	72.40%	0.00%

Frequently Asked Questions

Can I hold both MAGX and PLTW in my portfolio?

MAGX and PLTW have a correlation of 0.48, 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 PLTW?

PLTW has higher volatility (19.80%) compared to MAGX (16.07%). In terms of maximum drawdown, MAGX dropped -54.19% vs PLTW's -57.27%.

Which ETF is better, MAGX or PLTW?

On 1-year performance, MAGX leads with 35.54% vs -19.05% for PLTW. On fees, MAGX is cheaper at 0.95% 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 PLTW?

Over the 1-year period, MAGX has performed better with a 35.54% return vs -19.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGX or PLTW?

MAGX is cheaper with a 0.95% expense ratio, compared with 0.99% for PLTW.

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

PLTW has the higher dividend yield at 126.75%, compared with 2.01% for MAGX.

What is the main difference between MAGX and PLTW?

MAGX is categorized as Leveraged Equities, while PLTW is Derivative Income. Their fees differ too: 0.95% for MAGX and 0.99% for PLTW.

Which has better risk-adjusted returns?

MAGX currently has the higher Sharpe Ratio (0.84 vs -0.31), 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.