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MAGX vs. TECL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

MAGX vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
43.67%
12.62%
MAGX
TECL

Returns By Period


MAGX

YTD

N/A

1M

12.35%

6M

43.67%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

TECL

YTD

40.67%

1M

0.02%

6M

12.63%

1Y

57.42%

5Y (annualized)

36.27%

10Y (annualized)

38.98%

Key characteristics


MAGXTECL
Daily Std Dev49.82%64.29%
Max Drawdown-34.50%-77.96%
Current Drawdown-4.64%-16.50%

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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.


TECL
Direxion Daily Technology Bull 3X Shares
Expense ratio chart for TECL: current value at 1.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.08%
Expense ratio chart for MAGX: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.8

The correlation between MAGX and TECL is 0.83, 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. 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.


Sharpe ratio
No data
MAGX
TECL

Chart placeholderNot enough data

Dividends

MAGX vs. TECL - Dividend Comparison

MAGX has not paid dividends to shareholders, while TECL's dividend yield for the trailing twelve months is around 0.30%.


TTM2023202220212020201920182017
MAGX
Roundhill Daily 2X Long Magnificent Seven ETF
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TECL
Direxion Daily Technology Bull 3X Shares
0.30%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 -34.50%, 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.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.64%
-16.50%
MAGX
TECL

Volatility

MAGX vs. TECL - Volatility Comparison

The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 16.03%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 18.79%. 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.


10.00%15.00%20.00%25.00%30.00%35.00%JuneJulyAugustSeptemberOctoberNovember
16.03%
18.79%
MAGX
TECL