MAGX vs. YBTC

Last updated Jun 24, 2026

MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) and YBTC (Roundhill Bitcoin Covered Call Strategy ETF) are both exchange-traded funds - MAGX is a Leveraged Equities fund actively managed by Roundhill, while YBTC is a Cryptocurrency fund actively managed by Roundhill. Both are actively managed. Over the past year, MAGX returned 25.45% vs -36.92% for YBTC. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

MAGX vs. YBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC). 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 higher than YBTC's -26.15% return.

MAGX

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

YBTC

• 1D: -2.45%
• 1M: -16.58%
• YTD: -26.15%
• 6M: -25.92%
• 1Y: -36.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGX vs. YBTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-13.73%	26.16%	82.41%
YBTC Roundhill Bitcoin Covered Call Strategy ETF	-26.15%	-4.23%	32.11%

Correlation

The correlation between MAGX and YBTC is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024	0.41

Return for Risk

MAGX vs. YBTC — 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

YBTC

YBTC Risk / Return Rank: 2
YBTC Sharpe Ratio Rank: 2
YBTC Sortino Ratio Rank: 2
YBTC Omega Ratio Rank: 2
YBTC Calmar Ratio Rank: 3
YBTC Martin Ratio Rank: 2

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. YBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC). 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	YBTC	Difference
Sharpe ratio: Return per unit of total volatility	0.61	-0.93	+1.55
Sortino ratio: Return per unit of downside risk	1.06	-1.25	+2.32
Omega ratio: Gain probability vs. loss probability	1.13	0.84	+0.29
Calmar ratio: Return relative to maximum drawdown	0.69	-0.76	+1.45
Martin ratio: Return relative to average drawdown	2.03	-1.33	+3.36

MAGX vs. YBTC - Sharpe Ratio Comparison

The current MAGX Sharpe Ratio is 0.61, which is higher than the YBTC Sharpe Ratio of -0.93. The chart below compares the historical Sharpe Ratios of MAGX and YBTC, 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. YBTC - Drawdown Comparison

The maximum MAGX drawdown since its inception was -54.19%, which is greater than YBTC's maximum drawdown of -48.82%. Use the drawdown chart below to compare losses from any high point for MAGX and YBTC.

Drawdown Indicators

	MAGX	YBTC	Difference
Max Drawdown Largest peak-to-trough decline	-54.19%	-48.82%	-5.37%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	-48.82%	+11.58%
Current Drawdown Current decline from peak	-21.36%	-46.07%	+24.71%
Average Drawdown Average peak-to-trough decline	-13.79%	-13.58%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.59%	27.69%	-15.10%

Volatility

MAGX vs. YBTC - Volatility Comparison

Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a higher volatility of 15.32% compared to Roundhill Bitcoin Covered Call Strategy ETF (YBTC) at 12.43%. This indicates that MAGX's price experiences larger fluctuations and is considered to be riskier than YBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGX	YBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.32%	12.43%	+2.89%
Volatility (6M) Calculated over the trailing 6-month period	31.75%	32.04%	-0.29%
Volatility (1Y) Calculated over the trailing 1-year period	41.71%	39.80%	+1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.76%	40.90%	+12.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.76%	40.90%	+12.86%

MAGX vs. YBTC - Expense Ratio Comparison

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

Dividends

MAGX vs. YBTC - Dividend Comparison

MAGX's dividend yield for the trailing twelve months is around 2.37%, less than YBTC's 89.41% yield.

Position	TTM	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.37%	2.05%	0.86%
YBTC Roundhill Bitcoin Covered Call Strategy ETF	89.41%	76.04%	44.53%

Frequently Asked Questions

Can I hold both MAGX and YBTC in my portfolio?

MAGX and YBTC have a correlation of 0.45, 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 YBTC?

MAGX has higher volatility (15.32%) compared to YBTC (12.43%). In terms of maximum drawdown, MAGX dropped -54.19% vs YBTC's -48.82%.

Which ETF is better, MAGX or YBTC?

On 1-year performance, MAGX leads with 25.45% vs -36.92% for YBTC. Both ETFs have the same 0.95% expense ratio. On volatility, YBTC has been the lower-risk option at 12.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGX or YBTC?

Over the 1-year period, MAGX has performed better with a 25.45% return vs -36.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGX or YBTC?

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

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

YBTC has the higher dividend yield at 89.41%, compared with 2.37% for MAGX.

What is the main difference between MAGX and YBTC?

MAGX is categorized as Leveraged Equities, while YBTC is Cryptocurrency.

Which has better risk-adjusted returns?

MAGX currently has the higher Sharpe Ratio (0.61 vs -0.93), 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.