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MAGX vs. QLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

MAGX vs. QLD - Performance Comparison

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

-10.00%0.00%10.00%20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctoberNovember
44.26%
15.35%
MAGX
QLD

Returns By Period


MAGX

YTD

N/A

1M

14.48%

6M

44.26%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

QLD

YTD

37.70%

1M

1.45%

6M

15.36%

1Y

54.29%

5Y (annualized)

30.90%

10Y (annualized)

28.72%

Key characteristics


MAGXQLD
Daily Std Dev50.01%34.95%
Max Drawdown-34.50%-83.13%
Current Drawdown-4.85%-5.59%

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MAGX vs. QLD - Expense Ratio Comparison

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


MAGX
Roundhill Daily 2X Long Magnificent Seven ETF
Expense ratio chart for MAGX: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for QLD: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.9

The correlation between MAGX and QLD is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Risk-Adjusted Performance

MAGX vs. QLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and ProShares Ultra QQQ (QLD). 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.


Sharpe ratio
No data
MAGX
QLD

Chart placeholderNot enough data

Dividends

MAGX vs. QLD - Dividend Comparison

MAGX has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.28%.


TTM20232022202120202019201820172016201520142013
MAGX
Roundhill Daily 2X Long Magnificent Seven ETF
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QLD
ProShares Ultra QQQ
0.28%0.33%0.31%0.00%0.00%0.13%0.06%0.02%0.90%0.11%0.19%0.13%

Drawdowns

MAGX vs. QLD - Drawdown Comparison

The maximum MAGX drawdown since its inception was -34.50%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for MAGX and QLD. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.85%
-5.59%
MAGX
QLD

Volatility

MAGX vs. QLD - Volatility Comparison

Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a higher volatility of 16.30% compared to ProShares Ultra QQQ (QLD) at 11.30%. This indicates that MAGX's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
16.30%
11.30%
MAGX
QLD