NERD vs. MAGX

Last updated Aug 2, 2026

NERD (Roundhill Video Games ETF) and MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) are both exchange-traded funds - NERD is a Gaming fund actively managed by Roundhill, while MAGX is a Leveraged Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, NERD returned -15.44% vs 22.80% for MAGX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. NERD charges 0.50%/yr vs 0.95%/yr for MAGX.

Performance

NERD vs. MAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Video Games ETF (NERD) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NERD achieves a -12.26% return, which is significantly lower than MAGX's -7.36% return.

NERD

• 1D: -3.19%
• 1M: 2.76%
• 6M: -8.36%
• YTD: -12.26%
• 1Y: -15.44%
• 3Y*: 11.30%
• 5Y*: -4.89%
• 10Y*: —
• ALL TIME*: 5.86%

MAGX

• 1D: 6.55%
• 1M: 1.46%
• 6M: -7.14%
• YTD: -7.36%
• 1Y: 22.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	$2.90M	$4.02M	$4.88M
NERD Roundhill Video Games ETF	$28.51K	$28.10K	$40.56K

NERD vs. MAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NERD Roundhill Video Games ETF	-12.26%	23.14%	30.61%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-7.36%	26.16%	82.41%

Correlation

The correlation between NERD and MAGX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024	0.54

The correlation between NERD and MAGX has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.

NERD vs. MAGX - Sectors Allocation Comparison

Sectors	NERD	MAGX
Communication Services	90.5%	-
Consumer Cyclical	4.3%	-
Technology	4.0%	-
Industrials	1.2%	-
Financial Services	0.0%	35.6%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

NERD vs. MAGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NERD

NERD Risk / Return Rank: 4
NERD Sharpe Ratio Rank: 3
NERD Sortino Ratio Rank: 3
NERD Omega Ratio Rank: 3
NERD Calmar Ratio Rank: 5
NERD Martin Ratio Rank: 6

MAGX

MAGX Risk / Return Rank: 19
MAGX Sharpe Ratio Rank: 18
MAGX Sortino Ratio Rank: 21
MAGX Omega Ratio Rank: 21
MAGX Calmar Ratio Rank: 18
MAGX Martin Ratio Rank: 18

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NERD vs. MAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Video Games ETF (NERD) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NERD	MAGX	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	0.33	-1.14
Sortino ratio: Return per unit of downside risk	-1.06	0.75	-1.81
Omega ratio: Gain probability vs. loss probability	0.88	1.09	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.50	0.40	-0.90
Martin ratio: Return relative to average drawdown	-0.82	1.07	-1.89

NERD vs. MAGX - Sharpe Ratio Comparison

The current NERD Sharpe Ratio is -0.81, which is lower than the MAGX Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of NERD and MAGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NERD vs. MAGX - Drawdown Comparison

The maximum NERD drawdown since its inception was -65.58%, which is greater than MAGX's maximum drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for NERD and MAGX.

Drawdown Indicators

	NERD	MAGX	Difference
Max Drawdown Largest peak-to-trough decline	-65.58%	-54.19%	-11.39%
Max Drawdown (1Y) Largest decline over 1 year	-33.23%	-37.24%	+4.01%
Max Drawdown (3Y) Largest decline over 3 years	-33.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-54.10%	—	—
Current Drawdown Current decline from peak	-43.09%	-15.56%	-27.53%
Average Drawdown Average peak-to-trough decline	-36.09%	-13.92%	-22.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.32%	13.84%	+6.48%

Volatility

NERD vs. MAGX - Volatility Comparison

The current volatility for Roundhill Video Games ETF (NERD) is 7.07%, while Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a volatility of 16.11%. This indicates that NERD experiences smaller price fluctuations and is considered to be less risky than MAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NERD	MAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.07%	16.11%	-9.04%
Volatility (6M) Calculated over the trailing 6-month period	16.65%	35.09%	-18.44%
Volatility (1Y) Calculated over the trailing 1-year period	20.63%	44.76%	-24.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.66%	53.84%	-29.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	53.84%	-28.38%

NERD vs. MAGX - Expense Ratio Comparison

NERD has a 0.50% expense ratio, which is lower than MAGX's 0.95% expense ratio.

Dividends

NERD vs. MAGX - Dividend Comparison

NERD's dividend yield for the trailing twelve months is around 0.72%, less than MAGX's 2.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.21%	2.05%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%
NERD Roundhill Video Games ETF	0.72%	0.63%	1.74%	1.07%	0.69%	0.02%	1.05%	0.31%

Frequently Asked Questions

Can I hold both NERD and MAGX in my portfolio?

NERD and MAGX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NERD or MAGX?

MAGX has higher volatility (16.11%) compared to NERD (7.07%). In terms of maximum drawdown, NERD dropped -65.58% vs MAGX's -54.19%.

Which ETF is better, NERD or MAGX?

On 1-year performance, MAGX leads with 22.80% vs -15.44% for NERD. On fees, NERD is cheaper at 0.50% per year. On volatility, NERD has been the lower-risk option at 7.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NERD or MAGX?

Over the 1-year period, MAGX has performed better with a 22.80% return vs -15.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NERD or MAGX?

NERD is cheaper with a 0.50% expense ratio, compared with 0.95% for MAGX.

Which ETF pays a higher dividend yield, NERD or MAGX?

MAGX has the higher dividend yield at 2.21%, compared with 0.72% for NERD.

What is the main difference between NERD and MAGX?

NERD is categorized as Gaming, while MAGX is Leveraged Equities. Their fees differ too: 0.50% for NERD and 0.95% for MAGX.

Which has better risk-adjusted returns?

MAGX currently has the higher Sharpe Ratio (0.33 vs -0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.