NNE vs. MAGX
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 -47.34% vs 28.55% for MAGX. At a 0.34 correlation, their price movements are largely independent.
Performance
NNE vs. MAGX - Performance Comparison
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Returns By Period
In the year-to-date period, NNE achieves a -24.95% return, which is significantly lower than MAGX's -3.80% return.
NNE
- 1D
- -4.45%
- 1M
- -22.26%
- 6M
- -46.14%
- YTD
- -24.95%
- 1Y
- -47.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGX
- 1D
- -2.14%
- 1M
- 5.36%
- 6M
- -3.69%
- YTD
- -3.80%
- 1Y
- 28.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NNE vs. MAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NNE NANO Nuclear Energy Inc. | -24.95% | -3.55% | 591.53% |
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | -3.80% | 26.16% | 69.05% |
Correlation
The correlation between NNE and MAGX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 8, 2024 | 0.34 |
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Return for Risk
NNE vs. MAGX — Risk / Return Rank
NNE
MAGX
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.
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.
| NNE | MAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.14 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 0.77 | -1.47 |
| Martin ratioReturn relative to average drawdown | -1.07 | 2.16 | -3.23 |
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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.
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Drawdown Indicators
| NNE | MAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.68% | -54.19% | -23.49% |
Max Drawdown (1Y)Largest decline over 1 year | -68.18% | -37.24% | -30.94% |
Current DrawdownCurrent decline from peak | -68.18% | -12.31% | -55.87% |
Average DrawdownAverage peak-to-trough decline | -37.07% | -13.86% | -23.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.35% | 13.22% | +31.13% |
Volatility
NNE vs. MAGX - Volatility Comparison
NANO Nuclear Energy Inc. (NNE) has a higher volatility of 26.84% compared to Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) at 15.72%. 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.
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Volatility by Period
| NNE | MAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.84% | 15.72% | +11.12% |
Volatility (6M)Calculated over the trailing 6-month period | 66.99% | 33.28% | +33.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.42% | 42.54% | +55.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.70% | 53.66% | +96.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 149.70% | 53.66% | +96.04% |
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 2.13%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 2.13% | 2.05% | 0.86% |
NNE NANO Nuclear Energy Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NNE and MAGX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NNE has higher volatility (26.84%) compared to MAGX (15.72%). In terms of maximum drawdown, NNE dropped -77.68% vs MAGX's -54.19%.
MAGX currently has the higher Sharpe Ratio (0.68 vs -0.48), 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.
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