MAGX vs. YMAG
Compare and contrast key facts about Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG).
MAGX and YMAG 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. YMAG is an actively managed fund by YieldMax. It was launched on Jan 29, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAGX or YMAG.
Correlation
The correlation between MAGX and YMAG is 0.83, 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
Key characteristics
MAGX:
0.37
YMAG:
0.46
MAGX:
0.96
YMAG:
0.78
MAGX:
1.13
YMAG:
1.11
MAGX:
0.45
YMAG:
0.45
MAGX:
1.20
YMAG:
1.37
MAGX:
20.21%
YMAG:
8.41%
MAGX:
65.03%
YMAG:
25.30%
MAGX:
-54.18%
YMAG:
-25.96%
MAGX:
-45.09%
YMAG:
-18.94%
Returns By Period
In the year-to-date period, MAGX achieves a -37.66% return, which is significantly lower than YMAG's -15.31% return.
MAGX
-37.66%
-21.15%
-21.86%
16.80%
N/A
N/A
YMAG
-15.31%
-7.12%
-7.43%
8.36%
N/A
N/A
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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.
Risk-Adjusted Performance
MAGX vs. YMAG — Risk-Adjusted Performance Rank
MAGX
YMAG
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.
Dividends
MAGX vs. YMAG - Dividend Comparison
MAGX's dividend yield for the trailing twelve months is around 1.37%, less than YMAG's 50.24% yield.
| TTM | 2024 | |
|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 1.37% | 0.86% |
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs | 50.24% | 35.22% |
Drawdowns
MAGX vs. YMAG - Drawdown Comparison
The maximum MAGX drawdown since its inception was -54.18%, which is greater than YMAG's maximum drawdown of -25.96%. Use the drawdown chart below to compare losses from any high point for MAGX and YMAG. For additional features, visit the drawdowns tool.
Volatility
MAGX vs. YMAG - Volatility Comparison
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a higher volatility of 39.35% compared to YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) at 15.74%. 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.