NVDX vs. MAGX
Compare and contrast key facts about T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX).
NVDX and MAGX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDX is an actively managed fund by REX Shares. It was launched on Oct 19, 2023. MAGX is an actively managed fund by Roundhill. It was launched on Feb 28, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDX or MAGX.
Key characteristics
| NVDX | MAGX | |
|---|---|---|
| Daily Std Dev | 106.50% | 51.22% |
| Max Drawdown | -51.26% | -34.50% |
| Current Drawdown | -37.63% | -21.09% |
Correlation
The correlation between NVDX and MAGX is 0.70, 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
NVDX vs. MAGX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NVDX vs. MAGX - Expense Ratio Comparison
NVDX has a 1.05% expense ratio, which is higher than MAGX's 0.95% expense ratio.
Risk-Adjusted Performance
NVDX vs. MAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). 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.
Not enough dataDividends
NVDX vs. MAGX - Dividend Comparison
Neither NVDX nor MAGX has paid dividends to shareholders.
Drawdowns
NVDX vs. MAGX - Drawdown Comparison
The maximum NVDX drawdown since its inception was -51.26%, which is greater than MAGX's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for NVDX and MAGX. For additional features, visit the drawdowns tool.
Volatility
NVDX vs. MAGX - Volatility Comparison
T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 36.58% compared to Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) at 15.54%. This indicates that NVDX's price experiences larger fluctuations and is considered to be riskier than MAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.