MAGX vs. SMH
Compare and contrast key facts about Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and VanEck Vectors Semiconductor ETF (SMH).
MAGX and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGX or SMH.
Performance
MAGX vs. SMH - Performance Comparison
Returns By Period
MAGX
N/A
12.35%
43.67%
N/A
N/A
N/A
SMH
40.73%
-2.22%
2.62%
52.72%
33.43%
28.10%
Key characteristics
| MAGX | SMH | |
|---|---|---|
| Daily Std Dev | 49.82% | 34.43% |
| Max Drawdown | -34.50% | -95.73% |
| Current Drawdown | -4.64% | -12.50% |
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MAGX vs. SMH - Expense Ratio Comparison
MAGX has a 0.95% expense ratio, which is higher than SMH's 0.35% expense ratio.
Correlation
The correlation between MAGX and SMH is 0.74, 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. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
MAGX has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.42%.
| 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% |
SMH VanEck Vectors Semiconductor ETF | 0.42% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
MAGX vs. SMH - Drawdown Comparison
The maximum MAGX drawdown since its inception was -34.50%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for MAGX and SMH. For additional features, visit the drawdowns tool.
Volatility
MAGX vs. SMH - Volatility Comparison
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a higher volatility of 16.03% compared to VanEck Vectors Semiconductor ETF (SMH) at 8.43%. This indicates that MAGX's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.