MAGX vs. TQQQ
Compare and contrast key facts about Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and ProShares UltraPro QQQ (TQQQ).
MAGX and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGX or TQQQ.
Performance
MAGX vs. TQQQ - Performance Comparison
Returns By Period
MAGX
N/A
16.24%
46.72%
N/A
N/A
N/A
TQQQ
53.90%
2.86%
20.48%
78.56%
34.01%
34.56%
Key characteristics
| MAGX | TQQQ | |
|---|---|---|
| Daily Std Dev | 49.87% | 51.83% |
| Max Drawdown | -34.50% | -81.66% |
| Current Drawdown | -2.45% | -9.94% |
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MAGX vs. TQQQ - Expense Ratio Comparison
Both MAGX and TQQQ have an expense ratio of 0.95%.
Correlation
The correlation between MAGX and TQQQ is 0.91, 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. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and ProShares UltraPro QQQ (TQQQ). 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.
Not enough dataDividends
MAGX vs. TQQQ - Dividend Comparison
MAGX has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.23% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
MAGX vs. TQQQ - Drawdown Comparison
The maximum MAGX drawdown since its inception was -34.50%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for MAGX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
MAGX vs. TQQQ - Volatility Comparison
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and ProShares UltraPro QQQ (TQQQ) have volatilities of 16.55% and 17.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.