MAGX vs. SMR
MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) is Leveraged Equities fund actively managed by Roundhill, while SMR (NuScale Power Corporation) is a stock. Over the past year, MAGX returned 33.21% vs -75.51% for SMR. At a 0.38 correlation, their price movements are largely independent.
Performance
MAGX vs. SMR - Performance Comparison
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Returns By Period
In the year-to-date period, MAGX achieves a -8.69% return, which is significantly higher than SMR's -30.20% return.
MAGX
- 1D
- -0.27%
- 1M
- -16.06%
- YTD
- -8.69%
- 6M
- -7.45%
- 1Y
- 33.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMR
- 1D
- 3.34%
- 1M
- -17.31%
- YTD
- -30.20%
- 6M
- -46.07%
- 1Y
- -75.51%
- 3Y*
- 5.43%
- 5Y*
- -0.32%
- 10Y*
- —
MAGX vs. SMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | -8.69% | 26.16% | 82.41% |
SMR NuScale Power Corporation | -30.20% | -20.97% | 460.31% |
Correlation
The correlation between MAGX and SMR is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | 0.38 |
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Return for Risk
MAGX vs. SMR — Risk / Return Rank
MAGX
SMR
MAGX vs. SMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and NuScale Power Corporation (SMR). 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 | SMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.87 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | -0.91 | +1.81 |
| Martin ratioReturn relative to average drawdown | 2.70 | -1.32 | +4.02 |
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Drawdowns
MAGX vs. SMR - Drawdown Comparison
The maximum MAGX drawdown since its inception was -54.19%, smaller than the maximum SMR drawdown of -87.47%. Use the drawdown chart below to compare losses from any high point for MAGX and SMR.
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Drawdown Indicators
| MAGX | SMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.19% | -87.47% | +33.28% |
Max Drawdown (1Y)Largest decline over 1 year | -37.24% | -82.86% | +45.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -82.86% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -87.47% | — |
Current DrawdownCurrent decline from peak | -16.77% | -81.49% | +64.72% |
Average DrawdownAverage peak-to-trough decline | -13.76% | -35.08% | +21.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.32% | 57.39% | -45.07% |
Volatility
MAGX vs. SMR - Volatility Comparison
The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 12.35%, while NuScale Power Corporation (SMR) has a volatility of 28.93%. This indicates that MAGX experiences smaller price fluctuations and is considered to be less risky than SMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAGX | SMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.35% | 28.93% | -16.58% |
Volatility (6M)Calculated over the trailing 6-month period | 30.63% | 69.57% | -38.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.70% | 102.59% | -61.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.61% | 93.50% | -39.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.61% | 89.31% | -35.70% |
Dividends
MAGX vs. SMR - Dividend Comparison
MAGX's dividend yield for the trailing twelve months is around 2.24%, while SMR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 2.24% | 2.05% | 0.86% |
SMR NuScale Power Corporation | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MAGX and SMR have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMR has higher volatility (28.93%) compared to MAGX (12.35%). In terms of maximum drawdown, MAGX dropped -54.19% vs SMR's -87.47%.
MAGX currently has the higher Sharpe Ratio (0.82 vs -0.74), 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.
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