MAGX vs. TECL
Compare and contrast key facts about Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Direxion Daily Technology Bull 3X Shares (TECL).
MAGX and TECL 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. TECL is a passively managed fund by Direxion that tracks the performance of the Technology Select Sector Index (300%). It was launched on Dec 17, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGX or TECL.
Correlation
The correlation between MAGX and TECL is 0.84, 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.
Performance
MAGX vs. TECL - Performance Comparison
Key characteristics
MAGX:
0.46
TECL:
-0.34
MAGX:
0.94
TECL:
-0.03
MAGX:
1.12
TECL:
1.00
MAGX:
0.61
TECL:
-0.51
MAGX:
1.48
TECL:
-1.08
MAGX:
16.63%
TECL:
22.41%
MAGX:
53.06%
TECL:
71.57%
MAGX:
-40.44%
TECL:
-77.96%
MAGX:
-36.74%
TECL:
-45.41%
Returns By Period
In the year-to-date period, MAGX achieves a -28.19% return, which is significantly higher than TECL's -32.44% return.
MAGX
-28.19%
-11.13%
-4.90%
27.87%
N/A
N/A
TECL
-32.44%
-14.51%
-26.13%
-21.89%
44.01%
33.71%
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MAGX vs. TECL - Expense Ratio Comparison
MAGX has a 0.95% expense ratio, which is lower than TECL's 1.08% expense ratio.
Risk-Adjusted Performance
MAGX vs. TECL — Risk-Adjusted Performance Rank
MAGX
TECL
MAGX vs. TECL - Risk-Adjusted Performance 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.
Dividends
MAGX vs. TECL - Dividend Comparison
MAGX's dividend yield for the trailing twelve months is around 1.22%, more than TECL's 0.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 1.22% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 0.59% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Drawdowns
MAGX vs. TECL - Drawdown Comparison
The maximum MAGX drawdown since its inception was -40.44%, 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. For additional features, visit the drawdowns tool.
Volatility
MAGX vs. TECL - Volatility Comparison
The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 21.25%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 25.13%. 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.