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.
Correlation
The correlation between NVDX and MAGX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NVDX vs. MAGX - Performance Comparison
Key characteristics
NVDX:
-0.08
MAGX:
0.46
NVDX:
0.69
MAGX:
0.94
NVDX:
1.09
MAGX:
1.12
NVDX:
-0.16
MAGX:
0.61
NVDX:
-0.34
MAGX:
1.48
NVDX:
27.41%
MAGX:
16.63%
NVDX:
112.99%
MAGX:
53.06%
NVDX:
-57.25%
MAGX:
-40.44%
NVDX:
-55.82%
MAGX:
-36.74%
Returns By Period
In the year-to-date period, NVDX achieves a -42.86% return, which is significantly lower than MAGX's -28.19% return.
NVDX
-42.86%
-10.11%
-32.31%
-7.69%
N/A
N/A
MAGX
-28.19%
-11.13%
-4.90%
27.87%
N/A
N/A
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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 Rank
NVDX
MAGX
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.
Dividends
NVDX vs. MAGX - Dividend Comparison
NVDX's dividend yield for the trailing twelve months is around 27.10%, more than MAGX's 1.22% yield.
| TTM | 2024 | |
|---|---|---|
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 27.10% | 15.49% |
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 1.22% | 0.88% |
Drawdowns
NVDX vs. MAGX - Drawdown Comparison
The maximum NVDX drawdown since its inception was -57.25%, which is greater than MAGX's maximum drawdown of -40.44%. 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 29.33% compared to Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) at 21.25%. 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.