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.
Performance
MAGX vs. TECL - Performance Comparison
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MAGX vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | -23.25% | 26.16% | 81.14% |
TECL Direxion Daily Technology Bull 3X Shares | -23.03% | 38.60% | 13.71% |
Returns By Period
The year-to-date returns for both investments are quite close, with MAGX having a -23.25% return and TECL slightly higher at -23.03%.
MAGX
- 1D
- 2.69%
- 1M
- -10.34%
- YTD
- -23.25%
- 6M
- -21.67%
- 1Y
- 37.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TECL
- 1D
- 4.38%
- 1M
- -11.82%
- YTD
- -23.03%
- 6M
- -24.85%
- 1Y
- 61.22%
- 3Y*
- 37.70%
- 5Y*
- 17.45%
- 10Y*
- 37.79%
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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.
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.
| MAGX | TECL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.77 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.49 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.38 | -0.22 |
Martin ratioReturn relative to average drawdown | 3.66 | 3.85 | -0.19 |
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 | TECL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.77 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.63 | -0.06 |
Correlation
The correlation between MAGX and TECL 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. TECL - Dividend Comparison
MAGX's dividend yield for the trailing twelve months is around 2.67%, less than TECL's 9.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 2.67% | 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 | 9.23% | 7.19% | 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 -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 (5Y)Largest decline over 5 years | — | -77.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.96% | — |
Current DrawdownCurrent decline from peak | -29.46% | -37.08% | +7.62% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -18.49% | +4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.80% | 16.75% | -4.95% |
Volatility
MAGX vs. TECL - Volatility Comparison
The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 16.99%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 24.34%. 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 | 16.99% | 24.34% | -7.35% |
Volatility (6M)Calculated over the trailing 6-month period | 31.00% | 49.46% | -18.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.15% | 79.85% | -22.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.60% | 73.52% | -18.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.60% | 71.84% | -17.24% |