NNE vs. MAGX

Last updated Jun 3, 2026

NNE (NANO Nuclear Energy Inc.) is a stock, while MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) is Leveraged Equities fund actively managed by Roundhill. Over the past year, NNE returned -1.16% vs 56.81% for MAGX. At a 0.32 correlation, their price movements are largely independent.

Performance

NNE vs. MAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NANO Nuclear Energy Inc. (NNE) 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, NNE achieves a 27.32% return, which is significantly higher than MAGX's 4.18% return.

NNE

• 1D: 2.93%
• 1M: 30.59%
• YTD: 27.32%
• 6M: -7.08%
• 1Y: -1.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGX

• 1D: -1.88%
• 1M: 5.70%
• YTD: 4.18%
• 6M: 3.62%
• 1Y: 56.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NNE vs. MAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NNE NANO Nuclear Energy Inc.	27.32%	-3.55%	379.67%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	4.18%	26.16%	69.84%

Correlation

The correlation between NNE and MAGX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since May 9, 2024	0.32

Return for Risk

NNE vs. MAGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NNE

NNE Risk / Return Rank: 42
NNE Sharpe Ratio Rank: 40
NNE Sortino Ratio Rank: 47
NNE Omega Ratio Rank: 44
NNE Calmar Ratio Rank: 40
NNE Martin Ratio Rank: 40

MAGX

MAGX Risk / Return Rank: 35
MAGX Sharpe Ratio Rank: 40
MAGX Sortino Ratio Rank: 37
MAGX Omega Ratio Rank: 37
MAGX Calmar Ratio Rank: 31
MAGX Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NNE vs. MAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NANO Nuclear Energy Inc. (NNE) 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.

	NNE	MAGX	Difference
Sharpe ratio Return per unit of total volatility	-0.01	1.44	-1.45
Sortino ratio Return per unit of downside risk	0.74	1.95	-1.20
Omega ratio Gain probability vs. loss probability	1.08	1.24	-0.16
Calmar ratio Return relative to maximum drawdown	0.02	1.56	-1.53
Martin ratio Return relative to average drawdown	0.04	4.80	-4.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NNE vs. MAGX - Sharpe Ratio Comparison

The current NNE Sharpe Ratio is -0.01, which is lower than the MAGX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of NNE 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.

Sharpe Ratios by Period

	NNE	MAGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	1.44	-1.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.88	+0.04

Drawdowns

NNE vs. MAGX - Drawdown Comparison

The maximum NNE drawdown since its inception was -77.68%, which is greater than MAGX's maximum drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for NNE and MAGX.

Drawdown Indicators

	NNE	MAGX	Difference
Max Drawdown Largest peak-to-trough decline	-77.68%	-54.19%	-23.49%
Max Drawdown (1Y) Largest decline over 1 year	-66.45%	-37.24%	-29.21%
Current Drawdown Current decline from peak	-46.02%	-5.04%	-40.98%
Average Drawdown Average peak-to-trough decline	-35.93%	-13.79%	-22.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.84%	12.08%	+27.76%

Volatility

NNE vs. MAGX - Volatility Comparison

NANO Nuclear Energy Inc. (NNE) has a higher volatility of 34.40% compared to Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) at 8.74%. This indicates that NNE'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.

Volatility by Period

	NNE	MAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.40%	8.74%	+25.66%
Volatility (6M) Calculated over the trailing 6-month period	65.90%	28.69%	+37.21%
Volatility (1Y) Calculated over the trailing 1-year period	97.41%	39.79%	+57.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.59%	53.53%	+95.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.59%	53.53%	+95.06%

Dividends

NNE vs. MAGX - Dividend Comparison

NNE has not paid dividends to shareholders, while MAGX's dividend yield for the trailing twelve months is around 1.97%.

Position	TTM	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	1.97%	2.05%	0.86%
NNE NANO Nuclear Energy Inc.	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NNE and MAGX in my portfolio?

NNE and MAGX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NNE or MAGX?

NNE has higher volatility (34.40%) compared to MAGX (8.74%). In terms of maximum drawdown, NNE dropped -77.68% vs MAGX's -54.19%.

Which has better risk-adjusted returns?

MAGX currently has the higher Sharpe Ratio (1.44 vs -0.01), 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.