MSTW vs. MAGX
MSTW (Roundhill MSTR WeeklyPay ETF) and MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) are both exchange-traded funds - MSTW is a Derivative Income fund actively managed by Roundhill, while MAGX is a Leveraged Equities fund actively managed by Roundhill. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. MSTW charges 0.99%/yr vs 0.95%/yr for MAGX.
Performance
MSTW vs. MAGX - Performance Comparison
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Returns By Period
In the year-to-date period, MSTW achieves a -16.42% return, which is significantly lower than MAGX's 4.18% return.
MSTW
- 1D
- -10.09%
- 1M
- -27.42%
- YTD
- -16.42%
- 6M
- -33.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGX
- 1D
- -1.88%
- 1M
- 5.70%
- YTD
- 4.18%
- 6M
- 3.62%
- 1Y
- 56.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTW vs. MAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTW Roundhill MSTR WeeklyPay ETF | -16.42% | -71.42% |
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 4.18% | 27.66% |
Correlation
The correlation between MSTW and MAGX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025 | 0.44 |
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Return for Risk
MSTW vs. MAGX — Risk / Return Rank
MSTW
MAGX
MSTW vs. MAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| MSTW | MAGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.92 | 0.88 | -1.80 |
Drawdowns
MSTW vs. MAGX - Drawdown Comparison
The maximum MSTW drawdown since its inception was -81.85%, which is greater than MAGX's maximum drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for MSTW and MAGX.
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Drawdown Indicators
| MSTW | MAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.85% | -54.19% | -27.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -37.24% | — |
Current DrawdownCurrent decline from peak | -76.11% | -5.04% | -71.07% |
Average DrawdownAverage peak-to-trough decline | -54.38% | -13.79% | -40.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.08% | — |
Volatility
MSTW vs. MAGX - Volatility Comparison
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Volatility by Period
| MSTW | MAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 28.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 88.79% | 39.79% | +49.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.79% | 53.53% | +35.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.79% | 53.53% | +35.26% |
MSTW vs. MAGX - Expense Ratio Comparison
MSTW has a 0.99% expense ratio, which is higher than MAGX's 0.95% expense ratio.
Dividends
MSTW vs. MAGX - Dividend Comparison
MSTW's dividend yield for the trailing twelve months is around 219.17%, more than MAGX's 1.97% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 1.97% | 2.05% | 0.86% |
MSTW Roundhill MSTR WeeklyPay ETF | 219.17% | 106.94% | 0.00% |
Frequently Asked Questions
MSTW and MAGX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MAGX is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MAGX is cheaper with a 0.95% expense ratio, compared with 0.99% for MSTW.
MSTW has the higher dividend yield at 219.17%, compared with 1.97% for MAGX.
MSTW is categorized as Derivative Income, while MAGX is Leveraged Equities. Their fees differ too: 0.99% for MSTW and 0.95% for MAGX.
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