MAGX vs. QLD
Compare and contrast key facts about Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and ProShares Ultra QQQ (QLD).
MAGX and QLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAGX is an actively managed fund by Roundhill. It was launched on Feb 28, 2024. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGX or QLD.
Key characteristics
| MAGX | QLD | |
|---|---|---|
| Daily Std Dev | 50.43% | 34.98% |
| Max Drawdown | -34.50% | -83.13% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between MAGX and QLD is 0.92, 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.
Performance
MAGX vs. QLD - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MAGX vs. QLD - Expense Ratio Comparison
Both MAGX and QLD have an expense ratio of 0.95%.
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.
Not enough dataDividends
MAGX vs. QLD - Dividend Comparison
MAGX has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.26%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.26% | 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.
Volatility
MAGX vs. QLD - Volatility Comparison
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a higher volatility of 15.62% compared to ProShares Ultra QQQ (QLD) at 10.33%. 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.