MAGX vs. SPUU
Compare and contrast key facts about Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).
MAGX and SPUU 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. SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014.
Performance
MAGX vs. SPUU - Performance Comparison
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MAGX vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | -25.26% | 26.16% | 81.14% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | -10.01% | 26.55% | 27.87% |
Returns By Period
In the year-to-date period, MAGX achieves a -25.26% return, which is significantly lower than SPUU's -10.01% return.
MAGX
- 1D
- 9.45%
- 1M
- -11.57%
- YTD
- -25.26%
- 6M
- -22.65%
- 1Y
- 39.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUU
- 1D
- 5.86%
- 1M
- -10.17%
- YTD
- -10.01%
- 6M
- -6.87%
- 1Y
- 27.13%
- 3Y*
- 28.85%
- 5Y*
- 15.86%
- 10Y*
- 21.67%
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MAGX vs. SPUU - Expense Ratio Comparison
MAGX has a 0.95% expense ratio, which is higher than SPUU's 0.64% expense ratio.
Return for Risk
MAGX vs. SPUU — Risk / Return Rank
MAGX
SPUU
MAGX vs. SPUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). 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.
| MAGX | SPUU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.75 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.26 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.24 | -0.24 |
Martin ratioReturn relative to average drawdown | 3.19 | 5.35 | -2.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAGX | SPUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.75 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.56 | -0.02 |
Correlation
The correlation between MAGX and SPUU 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.
Dividends
MAGX vs. SPUU - Dividend Comparison
MAGX's dividend yield for the trailing twelve months is around 2.74%, more than SPUU's 1.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 2.74% | 2.05% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 1.78% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
Drawdowns
MAGX vs. SPUU - Drawdown Comparison
The maximum MAGX drawdown since its inception was -54.19%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for MAGX and SPUU.
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Drawdown Indicators
| MAGX | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.19% | -59.35% | +5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -37.24% | -23.10% | -14.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -31.30% | -13.39% | -17.91% |
Average DrawdownAverage peak-to-trough decline | -14.05% | -9.62% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 5.35% | +6.30% |
Volatility
MAGX vs. SPUU - Volatility Comparison
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a higher volatility of 16.68% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 10.70%. This indicates that MAGX's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAGX | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.68% | 10.70% | +5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 30.86% | 19.17% | +11.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.13% | 36.23% | +20.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.62% | 33.47% | +21.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.62% | 35.73% | +18.89% |