MAGX vs. SPLG
Compare and contrast key facts about Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and SPDR Portfolio S&P 500 ETF (SPLG).
MAGX and SPLG 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. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGX or SPLG.
Performance
MAGX vs. SPLG - Performance Comparison
Returns By Period
MAGX
N/A
14.48%
44.26%
N/A
N/A
N/A
SPLG
25.01%
0.63%
11.70%
32.35%
15.52%
13.18%
Key characteristics
| MAGX | SPLG | |
|---|---|---|
| Daily Std Dev | 50.01% | 12.15% |
| Max Drawdown | -34.50% | -54.50% |
| Current Drawdown | -4.85% | -1.76% |
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MAGX vs. SPLG - Expense Ratio Comparison
MAGX has a 0.95% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Correlation
The correlation between MAGX and SPLG is 0.82, 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. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and SPDR Portfolio S&P 500 ETF (SPLG). 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. SPLG - Dividend Comparison
MAGX has not paid dividends to shareholders, while SPLG's dividend yield for the trailing twelve months is around 1.25%.
| 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% |
SPLG SPDR Portfolio S&P 500 ETF | 1.25% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
MAGX vs. SPLG - Drawdown Comparison
The maximum MAGX drawdown since its inception was -34.50%, smaller than the maximum SPLG drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for MAGX and SPLG. For additional features, visit the drawdowns tool.
Volatility
MAGX vs. SPLG - Volatility Comparison
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a higher volatility of 16.30% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 4.08%. This indicates that MAGX's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.