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

Key characteristics


MAGXTQQQ
Daily Std Dev50.21%51.63%
Max Drawdown-34.50%-81.66%
Current Drawdown-0.99%-4.17%

Correlation

-0.50.00.51.00.9

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.

Performance

MAGX vs. TQQQ - Performance Comparison

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
51.16%
30.35%
MAGX
TQQQ

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MAGX vs. TQQQ - Expense Ratio Comparison

Both MAGX and TQQQ have an expense ratio of 0.95%.


MAGX
Roundhill Daily 2X Long Magnificent Seven ETF
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%
Expense ratio chart for TQQQ: 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%

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.


MAGX
Sharpe ratio
No data
TQQQ
Sharpe ratio
The chart of Sharpe ratio for TQQQ, currently valued at 2.03, compared to the broader market-2.000.002.004.006.002.03
Sortino ratio
The chart of Sortino ratio for TQQQ, currently valued at 2.40, compared to the broader market-2.000.002.004.006.008.0010.0012.002.40
Omega ratio
The chart of Omega ratio for TQQQ, currently valued at 1.33, compared to the broader market1.001.502.002.503.001.33
Calmar ratio
The chart of Calmar ratio for TQQQ, currently valued at 1.95, compared to the broader market0.005.0010.0015.001.95
Martin ratio
The chart of Martin ratio for TQQQ, currently valued at 8.43, compared to the broader market0.0020.0040.0060.0080.00100.008.43

MAGX vs. TQQQ - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

MAGX vs. TQQQ - Dividend Comparison

MAGX has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.16%.


TTM2023202220212020201920182017201620152014
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
1.16%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.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.99%
-2.96%
MAGX
TQQQ

Volatility

MAGX vs. TQQQ - Volatility Comparison

Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and ProShares UltraPro QQQ (TQQQ) have volatilities of 15.47% and 15.36%, 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.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
15.47%
15.36%
MAGX
TQQQ