QBIG vs. MAGS

Last updated Jun 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 35.93% vs 31.34% for MAGS. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.29% expense ratio.

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 8.80% return, which is significantly higher than MAGS's 3.73% return.

QBIG

• 1D: -1.97%
• 1M: 3.99%
• YTD: 8.80%
• 6M: 6.39%
• 1Y: 35.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGS

• 1D: -1.08%
• 1M: 2.17%
• YTD: 3.73%
• 6M: 3.62%
• 1Y: 31.34%
• 3Y*: 33.71%
• 5Y*: —
• 10Y*: —

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

QBIG vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QBIG Invesco Top QQQ ETF	8.80%	21.46%	3.04%
MAGS Roundhill Magnificent Seven ETF	3.73%	22.99%	1.78%

Correlation

The correlation between QBIG and MAGS is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.94

The correlation between QBIG and MAGS has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

QBIG vs. MAGS - Sectors Allocation Comparison

Sectors	QBIG	MAGS
Technology	19.4%	15.3%
Financial Services	14.8%	-
Consumer Cyclical	7.9%	10.5%
Communication Services	6.0%	9.3%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

QBIG vs. MAGS — Risk / Return Rank

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

QBIG

QBIG Risk / Return Rank: 45
QBIG Sharpe Ratio Rank: 53
QBIG Sortino Ratio Rank: 50
QBIG Omega Ratio Rank: 49
QBIG Calmar Ratio Rank: 37
QBIG Martin Ratio Rank: 36

MAGS

MAGS Risk / Return Rank: 39
MAGS Sharpe Ratio Rank: 44
MAGS Sortino Ratio Rank: 42
MAGS Omega Ratio Rank: 40
MAGS Calmar Ratio Rank: 33
MAGS Martin Ratio Rank: 37

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.

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.

	QBIG	MAGS	Difference
Sharpe ratio Return per unit of total volatility	1.86	1.57	+0.29
Sortino ratio Return per unit of downside risk	2.48	2.15	+0.32
Omega ratio Gain probability vs. loss probability	1.31	1.27	+0.04
Calmar ratio Return relative to maximum drawdown	1.83	1.69	+0.14
Martin ratio Return relative to average drawdown	5.73	5.85	-0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QBIG vs. MAGS - Sharpe Ratio Comparison

The current QBIG Sharpe Ratio is 1.86, which is comparable to the MAGS Sharpe Ratio of 1.57. 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.

Sharpe Ratios by Period

	QBIG	MAGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	1.57	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.55	-0.70

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	-3.34%	-3.55%	+0.21%
Average Drawdown Average peak-to-trough decline	-7.02%	-4.70%	-2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	5.37%	+0.92%

Volatility

QBIG vs. MAGS - Volatility Comparison

Invesco Top QQQ ETF (QBIG) has a higher volatility of 5.32% compared to Roundhill Magnificent Seven ETF (MAGS) at 4.80%. This indicates that QBIG's price experiences larger fluctuations and is considered to be riskier 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	5.32%	4.80%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	14.64%	14.31%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	19.43%	20.08%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.32%	25.94%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.32%	25.94%	+1.38%

QBIG vs. MAGS - Expense Ratio Comparison

Both QBIG and MAGS have an expense ratio of 0.29%.

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 0.91, 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?

QBIG has higher volatility (5.32%) compared to MAGS (4.80%). 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, QBIG leads with 35.93% vs 31.34% for MAGS. Both ETFs have the same 0.29% expense ratio. On volatility, MAGS has been the lower-risk option at 4.80%. 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, QBIG has performed better with a 35.93% return vs 31.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBIG or MAGS?

QBIG and MAGS have the same expense ratio: 0.29% per year.

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.

Which has better risk-adjusted returns?

QBIG currently has the higher Sharpe Ratio (1.86 vs 1.57), 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.