NNE vs. MAGX
Compare and contrast key facts about NANO Nuclear Energy Inc. (NNE) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX).
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: NNE or MAGX.
Correlation
The correlation between NNE and MAGX is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NNE vs. MAGX - Performance Comparison
Key characteristics
NNE:
194.38%
MAGX:
53.06%
NNE:
-77.68%
MAGX:
-40.44%
NNE:
-44.96%
MAGX:
-36.74%
Returns By Period
In the year-to-date period, NNE achieves a -1.59% return, which is significantly higher than MAGX's -28.19% return.
NNE
-1.59%
-9.93%
39.36%
N/A
N/A
N/A
MAGX
-28.19%
-11.13%
-4.90%
27.87%
N/A
N/A
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Risk-Adjusted Performance
NNE vs. MAGX — Risk-Adjusted Performance Rank
NNE
MAGX
NNE vs. MAGX - Risk-Adjusted Performance 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.
Not enough dataDividends
NNE vs. MAGX - Dividend Comparison
NNE has not paid dividends to shareholders, while MAGX's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | |
|---|---|---|
NNE NANO Nuclear Energy Inc. | 0.00% | 0.00% |
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 1.22% | 0.88% |
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 -40.44%. Use the drawdown chart below to compare losses from any high point for NNE and MAGX. For additional features, visit the drawdowns tool.
Volatility
NNE vs. MAGX - Volatility Comparison
NANO Nuclear Energy Inc. (NNE) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) have volatilities of 21.85% and 21.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.