MAGX vs. VGT
Compare and contrast key facts about Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Vanguard Information Technology ETF (VGT).
MAGX and VGT 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. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGX or VGT.
Correlation
The correlation between MAGX and VGT is 0.85, 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. VGT - Performance Comparison
Key characteristics
MAGX:
0.46
VGT:
0.23
MAGX:
0.94
VGT:
0.46
MAGX:
1.12
VGT:
1.06
MAGX:
0.61
VGT:
0.34
MAGX:
1.48
VGT:
0.93
MAGX:
16.63%
VGT:
5.94%
MAGX:
53.06%
VGT:
23.85%
MAGX:
-40.44%
VGT:
-54.63%
MAGX:
-36.74%
VGT:
-14.69%
Returns By Period
In the year-to-date period, MAGX achieves a -28.19% return, which is significantly lower than VGT's -11.20% return.
MAGX
-28.19%
-11.13%
-4.90%
27.87%
N/A
N/A
VGT
-11.20%
-4.53%
-3.92%
6.72%
23.21%
19.24%
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MAGX vs. VGT - Expense Ratio Comparison
MAGX has a 0.95% expense ratio, which is higher than VGT's 0.10% expense ratio.
Risk-Adjusted Performance
MAGX vs. VGT — Risk-Adjusted Performance Rank
MAGX
VGT
MAGX vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Vanguard Information Technology ETF (VGT). 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.
Dividends
MAGX vs. VGT - Dividend Comparison
MAGX's dividend yield for the trailing twelve months is around 1.22%, more than VGT's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 1.22% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.58% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% |
Drawdowns
MAGX vs. VGT - Drawdown Comparison
The maximum MAGX drawdown since its inception was -40.44%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for MAGX and VGT. For additional features, visit the drawdowns tool.
Volatility
MAGX vs. VGT - Volatility Comparison
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a higher volatility of 21.25% compared to Vanguard Information Technology ETF (VGT) at 8.65%. This indicates that MAGX's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.