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

Key characteristics


MAGXYMAG
Daily Std Dev50.43%19.38%
Max Drawdown-34.50%-14.27%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.01.0

The correlation between MAGX and YMAG is 0.95, 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. YMAG - Performance Comparison

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


0.00%10.00%20.00%30.00%40.00%50.00%60.00%JuneJulyAugustSeptemberOctoberNovember
55.27%
18.89%
MAGX
YMAG

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MAGX vs. YMAG - Expense Ratio Comparison

MAGX has a 0.95% expense ratio, which is lower than YMAG's 1.28% expense ratio.


YMAG
YieldMax Magnificent 7 Fund of Option Income ETFs
Expense ratio chart for YMAG: current value at 1.28% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.28%
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%

Risk-Adjusted Performance

MAGX vs. YMAG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). 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

MAGX vs. YMAG - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

MAGX vs. YMAG - Dividend Comparison

MAGX has not paid dividends to shareholders, while YMAG's dividend yield for the trailing twelve months is around 28.52%.


TTM
MAGX
Roundhill Daily 2X Long Magnificent Seven ETF
0.00%
YMAG
YieldMax Magnificent 7 Fund of Option Income ETFs
28.52%

Drawdowns

MAGX vs. YMAG - Drawdown Comparison

The maximum MAGX drawdown since its inception was -34.50%, which is greater than YMAG's maximum drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for MAGX and YMAG. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
MAGX
YMAG

Volatility

MAGX vs. YMAG - Volatility Comparison

Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a higher volatility of 15.62% compared to YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) at 5.73%. This indicates that MAGX's price experiences larger fluctuations and is considered to be riskier than YMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
15.62%
5.73%
MAGX
YMAG