MAGX vs. USD

Last updated Jun 5, 2026

MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds. MAGX is actively managed, while USD is passively managed. Over the past year, MAGX returned 54.93% vs 250.81% for USD. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

MAGX vs. USD - Performance Comparison

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

Returns By Period

In the year-to-date period, MAGX achieves a 4.13% return, which is significantly lower than USD's 103.32% return.

MAGX

• 1D: 2.60%
• 1M: 5.59%
• YTD: 4.13%
• 6M: 2.18%
• 1Y: 54.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USD

• 1D: -4.99%
• 1M: 31.62%
• YTD: 103.32%
• 6M: 97.79%
• 1Y: 250.81%
• 3Y*: 125.78%
• 5Y*: 67.80%
• 10Y*: 61.24%

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

MAGX vs. USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	4.13%	26.16%	81.14%
USD ProShares Ultra Semiconductors	103.32%	62.08%	50.35%

Correlation

The correlation between MAGX and USD is 0.65, 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	0.65
Correlation (All Time) Calculated using the full available price history since Mar 1, 2024	0.72

The correlation between MAGX and USD has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

MAGX vs. USD - Sectors Allocation Comparison

Sectors	MAGX	USD
Financial Services	25.0%	27.8%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	27.4%
Utilities	-	-

Return for Risk

MAGX vs. USD — Risk / Return Rank

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

MAGX

MAGX Risk / Return Rank: 35
MAGX Sharpe Ratio Rank: 40
MAGX Sortino Ratio Rank: 37
MAGX Omega Ratio Rank: 36
MAGX Calmar Ratio Rank: 30
MAGX Martin Ratio Rank: 32

USD

USD Risk / Return Rank: 89
USD Sharpe Ratio Rank: 96
USD Sortino Ratio Rank: 82
USD Omega Ratio Rank: 81
USD Calmar Ratio Rank: 95
USD 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. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and ProShares Ultra Semiconductors (USD). 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	USD	Difference
Sharpe ratio: Return per unit of total volatility	1.38	4.12	-2.74
Sortino ratio: Return per unit of downside risk	1.90	3.62	-1.72
Omega ratio: Gain probability vs. loss probability	1.23	1.48	-0.25
Calmar ratio: Return relative to maximum drawdown	1.48	7.94	-6.46
Martin ratio: Return relative to average drawdown	4.56	22.96	-18.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAGX vs. USD - Sharpe Ratio Comparison

The current MAGX Sharpe Ratio is 1.38, which is lower than the USD Sharpe Ratio of 4.12. The chart below compares the historical Sharpe Ratios of MAGX and USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAGX	USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	4.12	-2.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.89	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.49	+0.39

Drawdowns

MAGX vs. USD - Drawdown Comparison

The maximum MAGX drawdown since its inception was -54.19%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for MAGX and USD.

Drawdown Indicators

	MAGX	USD	Difference
Max Drawdown Largest peak-to-trough decline	-54.19%	-88.63%	+34.44%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	-31.80%	-5.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-64.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.85%	—
Current Drawdown Current decline from peak	-5.09%	-6.07%	+0.98%
Average Drawdown Average peak-to-trough decline	-13.77%	-32.35%	+18.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.09%	10.98%	+1.11%

Volatility

MAGX vs. USD - Volatility Comparison

The current volatility for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is 9.50%, while ProShares Ultra Semiconductors (USD) has a volatility of 21.29%. This indicates that MAGX experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGX	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.50%	21.29%	-11.79%
Volatility (6M) Calculated over the trailing 6-month period	28.92%	46.74%	-17.82%
Volatility (1Y) Calculated over the trailing 1-year period	39.94%	61.28%	-21.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.49%	76.56%	-23.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.49%	69.24%	-15.75%

MAGX vs. USD - Expense Ratio Comparison

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

Dividends

MAGX vs. USD - Dividend Comparison

MAGX's dividend yield for the trailing twelve months is around 1.97%, more than USD's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	1.97%	2.05%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USD ProShares Ultra Semiconductors	0.23%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

Frequently Asked Questions

Can I hold both MAGX and USD in my portfolio?

MAGX and USD have a correlation of 0.65, 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 USD?

USD has higher volatility (21.29%) compared to MAGX (9.50%). In terms of maximum drawdown, MAGX dropped -54.19% vs USD's -88.63%.

Which ETF is better, MAGX or USD?

On 1-year performance, USD leads with 250.81% vs 54.93% for MAGX. Both ETFs have the same 0.95% expense ratio. On volatility, MAGX has been the lower-risk option at 9.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGX or USD?

Over the 1-year period, USD has performed better with a 250.81% return vs 54.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGX or USD?

MAGX and USD have the same expense ratio: 0.95% per year.

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

MAGX has the higher dividend yield at 1.97%, compared with 0.23% for USD.

What is the main difference between MAGX and USD?

They also come from different issuers: Roundhill and ProShares.

Which has better risk-adjusted returns?

USD currently has the higher Sharpe Ratio (4.12 vs 1.38), 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.