MAGX vs. TSMG

Last updated Jun 24, 2026

MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, MAGX returned 25.45% vs 241.80% for TSMG. A 0.59 correlation means they provide meaningful diversification when combined. MAGX charges 0.95%/yr vs 0.75%/yr for TSMG.

Performance

MAGX vs. TSMG - Performance Comparison

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

Returns By Period

In the year-to-date period, MAGX achieves a -13.73% return, which is significantly lower than TSMG's 80.39% return.

MAGX

• 1D: -2.86%
• 1M: -17.70%
• YTD: -13.73%
• 6M: -16.51%
• 1Y: 25.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: -13.49%
• 1M: 12.90%
• YTD: 80.39%
• 6M: 88.25%
• 1Y: 241.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MAGX vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-13.73%	28.22%
TSMG Leverage Shares 2X Long TSM Daily ETF	80.39%	71.03%

Correlation

The correlation between MAGX and TSMG is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.59

The correlation between MAGX and TSMG has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.

Return for Risk

MAGX vs. TSMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MAGX

MAGX Risk / Return Rank: 19
MAGX Sharpe Ratio Rank: 19
MAGX Sortino Ratio Rank: 20
MAGX Omega Ratio Rank: 19
MAGX Calmar Ratio Rank: 17
MAGX Martin Ratio Rank: 19

TSMG

TSMG Risk / Return Rank: 85
TSMG Sharpe Ratio Rank: 93
TSMG Sortino Ratio Rank: 75
TSMG Omega Ratio Rank: 70
TSMG Calmar Ratio Rank: 94
TSMG Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MAGX vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Leverage Shares 2X Long TSM Daily ETF (TSMG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MAGX	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	0.61	3.17	-2.56
Sortino ratio: Return per unit of downside risk	1.06	3.15	-2.09
Omega ratio: Gain probability vs. loss probability	1.13	1.39	-0.26
Calmar ratio: Return relative to maximum drawdown	0.69	6.90	-6.21
Martin ratio: Return relative to average drawdown	2.03	22.04	-20.01

MAGX vs. TSMG - Sharpe Ratio Comparison

The current MAGX Sharpe Ratio is 0.61, which is lower than the TSMG Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of MAGX and TSMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MAGX vs. TSMG - Drawdown Comparison

The maximum MAGX drawdown since its inception was -54.19%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for MAGX and TSMG.

Drawdown Indicators

	MAGX	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-54.19%	-63.67%	+9.48%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	-35.29%	-1.95%
Current Drawdown Current decline from peak	-21.36%	-13.49%	-7.87%
Average Drawdown Average peak-to-trough decline	-13.79%	-16.65%	+2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.59%	11.03%	+1.56%

Volatility

MAGX vs. TSMG - Volatility Comparison

The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 15.32%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 33.00%. This indicates that MAGX experiences smaller price fluctuations and is considered to be less risky than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGX	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.32%	33.00%	-17.68%
Volatility (6M) Calculated over the trailing 6-month period	31.75%	60.76%	-29.01%
Volatility (1Y) Calculated over the trailing 1-year period	41.71%	76.78%	-35.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.76%	83.21%	-29.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.76%	83.21%	-29.45%

MAGX vs. TSMG - Expense Ratio Comparison

MAGX has a 0.95% expense ratio, which is higher than TSMG's 0.75% expense ratio.

Dividends

MAGX vs. TSMG - Dividend Comparison

MAGX's dividend yield for the trailing twelve months is around 2.37%, less than TSMG's 6.37% yield.

Position	TTM	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.37%	2.05%	0.86%
TSMG Leverage Shares 2X Long TSM Daily ETF	6.37%	11.48%	0.00%

Frequently Asked Questions

Can I hold both MAGX and TSMG in my portfolio?

MAGX and TSMG have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAGX or TSMG?

TSMG has higher volatility (33.00%) compared to MAGX (15.32%). In terms of maximum drawdown, MAGX dropped -54.19% vs TSMG's -63.67%.

Which ETF is better, MAGX or TSMG?

On 1-year performance, TSMG leads with 241.80% vs 25.45% for MAGX. On fees, TSMG is cheaper at 0.75% per year. On volatility, MAGX has been the lower-risk option at 15.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGX or TSMG?

Over the 1-year period, TSMG has performed better with a 241.80% return vs 25.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGX or TSMG?

TSMG is cheaper with a 0.75% expense ratio, compared with 0.95% for MAGX.

Which ETF pays a higher dividend yield, MAGX or TSMG?

TSMG has the higher dividend yield at 6.37%, compared with 2.37% for MAGX.

What is the main difference between MAGX and TSMG?

They also come from different issuers: Roundhill and Leverage Shares. Their fees differ too: 0.95% for MAGX and 0.75% for TSMG.

Which has better risk-adjusted returns?

TSMG currently has the higher Sharpe Ratio (3.17 vs 0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.