MAGX vs. TECL
MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds. MAGX is actively managed, while TECL is passively managed. Over the past year, MAGX returned 28.07% vs 117.04% for TECL. Their 0.77 correlation means they have sometimes moved together and sometimes differently. MAGX charges 0.95%/yr vs 0.91%/yr for TECL.
Performance
MAGX vs. TECL - Performance Comparison
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Returns By Period
In the year-to-date period, MAGX achieves a 0.37% return, which is significantly lower than TECL's 77.71% return.
MAGX
- 1D
- 0.95%
- 1M
- 9.92%
- 6M
- 4.52%
- YTD
- 0.37%
- 1Y
- 28.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 41.16%
TECL
- 1D
- 14.98%
- 1M
- 6.72%
- 6M
- 88.27%
- YTD
- 77.71%
- 1Y
- 117.04%
- 3Y*
- 64.24%
- 5Y*
- 28.73%
- 10Y*
- 47.77%
- ALL TIME*
- 48.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.93M | $4.39M | $4.75M | |
| $156.89M | $152.83M | $226.69M |
MAGX vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 0.37% | 26.16% | 82.41% |
TECL Direxion Daily Technology Bull 3X Shares | 77.71% | 38.60% | 17.52% |
Correlation
The correlation between MAGX and TECL is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | 0.77 |
The correlation between MAGX and TECL has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
MAGX vs. TECL - Sectors Allocation Comparison
Sectors
MAGX
TECL
Financial Services
-
Basic Materials
-
-
Communication Services
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
Healthcare
-
-
Industrials
-
Real Estate
-
-
Technology
-
Utilities
-
-
Financial Services
MAGX
TECL
-
Basic Materials
MAGX
-
TECL
-
Communication Services
MAGX
-
TECL
Consumer Cyclical
MAGX
-
TECL
-
Consumer Defensive
MAGX
-
TECL
-
Energy
MAGX
-
TECL
Healthcare
MAGX
-
TECL
-
Industrials
MAGX
-
TECL
Real Estate
MAGX
-
TECL
-
Technology
MAGX
-
TECL
Utilities
MAGX
-
TECL
-
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Return for Risk
MAGX vs. TECL — Risk / Return Rank
MAGX
TECL
MAGX vs. TECL - 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 Technology Bull 3X Shares (TECL). 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 | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 2.53 | -1.77 |
| Martin ratioReturn relative to average drawdown | 2.03 | 5.97 | -3.93 |
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Drawdowns
MAGX vs. TECL - Drawdown Comparison
The maximum MAGX drawdown since its inception was -54.19%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for MAGX and TECL.
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Drawdown Indicators
| MAGX | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.19% | -77.96% | +23.77% |
Max Drawdown (1Y)Largest decline over 1 year | -37.24% | -46.58% | +9.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -66.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.96% | — |
Current DrawdownCurrent decline from peak | -8.51% | -23.68% | +15.17% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -18.45% | +4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.85% | 19.69% | -5.84% |
Volatility
MAGX vs. TECL - Volatility Comparison
The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 17.19%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 30.57%. This indicates that MAGX experiences smaller price fluctuations and is considered to be less risky than TECL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAGX | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.19% | 30.57% | -13.38% |
Volatility (6M)Calculated over the trailing 6-month period | 35.81% | 66.53% | -30.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.80% | 77.41% | -32.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.95% | 76.96% | -23.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.95% | 73.75% | -19.80% |
MAGX vs. TECL - Expense Ratio Comparison
MAGX has a 0.95% expense ratio, which is higher than TECL's 0.91% expense ratio.
Dividends
MAGX vs. TECL - Dividend Comparison
MAGX's dividend yield for the trailing twelve months is around 2.04%, less than TECL's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 2.04% | 2.05% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 4.01% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Frequently Asked Questions
MAGX and TECL have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECL has higher volatility (30.57%) compared to MAGX (17.19%). In terms of maximum drawdown, MAGX dropped -54.19% vs TECL's -77.96%.
On 1-year performance, TECL leads with 117.04% vs 28.07% for MAGX. On fees, TECL is cheaper at 0.91% per year. On volatility, MAGX has been the lower-risk option at 17.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TECL has performed better with a 117.04% return vs 28.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TECL is cheaper with a 0.91% expense ratio, compared with 0.95% for MAGX.
TECL has the higher dividend yield at 4.01%, compared with 2.04% for MAGX.
They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.95% for MAGX and 0.91% for TECL.
TECL currently has the higher Sharpe Ratio (1.52 vs 0.63), 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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