QBIG vs. MAGS

Last updated Aug 4, 2026

QBIG (Invesco Top QQQ ETF) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - QBIG is a Large Cap Blend Equities fund actively managed by Invesco, while MAGS is a Technology Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, QBIG returned 21.91% vs 22.31% for MAGS. Their correlation of 0.94 means they have usually moved in the same direction. QBIG charges 0.29%/yr vs 0.30%/yr for MAGS.

Performance

QBIG vs. MAGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Top QQQ ETF (QBIG) and Roundhill Magnificent Seven ETF (MAGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBIG achieves a 7.13% return, which is significantly higher than MAGS's 3.67% return.

QBIG

• 1D: 2.39%
• 1M: 5.69%
• 6M: 8.30%
• YTD: 7.13%
• 1Y: 21.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.30%

MAGS

• 1D: 3.67%
• 1M: 5.04%
• 6M: 3.36%
• YTD: 3.67%
• 1Y: 22.31%
• 3Y*: 31.47%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 37.00%

*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)
MAGS Roundhill Magnificent Seven ETF	$304.05M	$305.41M	$288.45M
QBIG Invesco Top QQQ ETF	$411.76K	$281.60K	$268.60K

QBIG vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QBIG Invesco Top QQQ ETF	7.13%	21.46%	3.04%
MAGS Roundhill Magnificent Seven ETF	3.67%	22.99%	3.57%

Correlation

The correlation between QBIG and MAGS is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.94

The correlation between QBIG and MAGS has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

QBIG vs. MAGS - Sectors Allocation Comparison

Sectors	QBIG	MAGS
Technology	60.9%	13.0%
Consumer Cyclical	21.1%	6.2%
Communication Services	18.0%	6.5%
Financial Services	10.5%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

QBIG vs. MAGS — Risk / Return Rank

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

QBIG

QBIG Risk / Return Rank: 36
QBIG Sharpe Ratio Rank: 40
QBIG Sortino Ratio Rank: 39
QBIG Omega Ratio Rank: 37
QBIG Calmar Ratio Rank: 33
QBIG Martin Ratio Rank: 32

MAGS

MAGS Risk / Return Rank: 37
MAGS Sharpe Ratio Rank: 40
MAGS Sortino Ratio Rank: 39
MAGS Omega Ratio Rank: 37
MAGS Calmar Ratio Rank: 35
MAGS Martin Ratio Rank: 35

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.

QBIG vs. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Top QQQ ETF (QBIG) and Roundhill Magnificent Seven ETF (MAGS). 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.

	QBIG	MAGS	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.00	+0.01
Sortino ratio: Return per unit of downside risk	1.47	1.48	-0.02
Omega ratio: Gain probability vs. loss probability	1.18	1.18	0.00
Calmar ratio: Return relative to maximum drawdown	1.12	1.20	-0.09
Martin ratio: Return relative to average drawdown	3.02	3.54	-0.52

QBIG vs. MAGS - Sharpe Ratio Comparison

The current QBIG Sharpe Ratio is 1.01, which is comparable to the MAGS Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of QBIG and MAGS, 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

QBIG vs. MAGS - Drawdown Comparison

The maximum QBIG drawdown since its inception was -30.33%, roughly equal to the maximum MAGS drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for QBIG and MAGS.

Drawdown Indicators

	QBIG	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-30.33%	-29.91%	-0.42%
Max Drawdown (1Y) Largest decline over 1 year	-19.70%	-18.62%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.91%	—
Current Drawdown Current decline from peak	-4.83%	-3.61%	-1.22%
Average Drawdown Average peak-to-trough decline	-7.18%	-4.85%	-2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.28%	6.31%	+0.97%

Volatility

QBIG vs. MAGS - Volatility Comparison

The current volatility for Invesco Top QQQ ETF (QBIG) is 8.15%, while Roundhill Magnificent Seven ETF (MAGS) has a volatility of 8.68%. This indicates that QBIG experiences smaller price fluctuations and is considered to be less risky than MAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBIG	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.15%	8.68%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	17.16%	17.74%	-0.58%
Volatility (1Y) Calculated over the trailing 1-year period	21.76%	22.36%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.36%	26.15%	+1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.36%	26.15%	+1.21%

QBIG vs. MAGS - Expense Ratio Comparison

QBIG has a 0.29% expense ratio, which is lower than MAGS's 0.30% expense ratio.

Dividends

QBIG vs. MAGS - Dividend Comparison

QBIG has not paid dividends to shareholders, while MAGS's dividend yield for the trailing twelve months is around 1.43%.

Position	TTM	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	1.43%	1.48%	0.81%	0.44%
QBIG Invesco Top QQQ ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QBIG and MAGS in my portfolio?

With a correlation of 0.92, QBIG and MAGS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QBIG or MAGS?

MAGS has higher volatility (8.68%) compared to QBIG (8.15%). In terms of maximum drawdown, QBIG dropped -30.33% vs MAGS's -29.91%.

Which ETF is better, QBIG or MAGS?

On 1-year performance, MAGS leads with 22.31% vs 21.91% for QBIG. On fees, QBIG is cheaper at 0.29% per year. On volatility, QBIG has been the lower-risk option at 8.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBIG or MAGS?

Over the 1-year period, MAGS has performed better with a 22.31% return vs 21.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBIG or MAGS?

QBIG is cheaper with a 0.29% expense ratio, compared with 0.30% for MAGS.

Which ETF pays a higher dividend yield, QBIG or MAGS?

MAGS has the higher dividend yield at 1.43%, compared with 0.00% for QBIG.

What is the main difference between QBIG and MAGS?

QBIG is categorized as Large Cap Blend Equities, while MAGS is Technology Equities. They also come from different issuers: Invesco and Roundhill. Their fees differ too: 0.29% for QBIG and 0.30% for MAGS.

Which has better risk-adjusted returns?

QBIG currently has the higher Sharpe Ratio (1.01 vs 1.00), 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.