MAGX vs. QQQU
Compare and contrast key facts about Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Direxion Daily Magnificent 7 Bull 2X Shares (QQQU).
MAGX and QQQU 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. QQQU is a passively managed fund by Direxion that tracks the performance of the The Indxx Magnificent 7 Index (200%). It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGX or QQQU.
Correlation
The correlation between MAGX and QQQU is 0.83, 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. QQQU - Performance Comparison
Key characteristics
MAGX:
0.43
QQQU:
0.51
MAGX:
1.03
QQQU:
1.11
MAGX:
1.13
QQQU:
1.15
MAGX:
0.51
QQQU:
0.61
MAGX:
1.37
QQQU:
1.61
MAGX:
20.37%
QQQU:
20.27%
MAGX:
65.37%
QQQU:
64.60%
MAGX:
-54.18%
QQQU:
-53.70%
MAGX:
-41.20%
QQQU:
-40.83%
Returns By Period
The year-to-date returns for both investments are quite close, with MAGX having a -33.25% return and QQQU slightly higher at -32.57%.
MAGX
-33.25%
-10.58%
-18.46%
28.05%
N/A
N/A
QQQU
-32.57%
-9.90%
-16.83%
33.18%
N/A
N/A
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MAGX vs. QQQU - Expense Ratio Comparison
MAGX has a 0.95% expense ratio, which is lower than QQQU's 1.07% expense ratio.
Risk-Adjusted Performance
MAGX vs. QQQU — Risk-Adjusted Performance Rank
MAGX
QQQU
MAGX vs. QQQU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Direxion Daily Magnificent 7 Bull 2X Shares (QQQU). 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.
Dividends
MAGX vs. QQQU - Dividend Comparison
MAGX's dividend yield for the trailing twelve months is around 1.28%, less than QQQU's 4.23% yield.
| TTM | 2024 | |
|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 1.28% | 0.86% |
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | 4.23% | 2.74% |
Drawdowns
MAGX vs. QQQU - Drawdown Comparison
The maximum MAGX drawdown since its inception was -54.18%, roughly equal to the maximum QQQU drawdown of -53.70%. Use the drawdown chart below to compare losses from any high point for MAGX and QQQU. For additional features, visit the drawdowns tool.
Volatility
MAGX vs. QQQU - Volatility Comparison
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) have volatilities of 39.81% and 38.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.