QQQ3.L vs. MAGS
Compare and contrast key facts about WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) and Roundhill Magnificent Seven ETF (MAGS).
QQQ3.L and MAGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQ3.L is a passively managed fund by WisdomTree that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Dec 13, 2012. MAGS is an actively managed fund by Roundhill. It was launched on Apr 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQ3.L or MAGS.
Correlation
The correlation between QQQ3.L and MAGS is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QQQ3.L vs. MAGS - Performance Comparison
Key characteristics
QQQ3.L:
1.07
MAGS:
2.03
QQQ3.L:
1.58
MAGS:
2.61
QQQ3.L:
1.21
MAGS:
1.34
QQQ3.L:
1.32
MAGS:
2.89
QQQ3.L:
4.44
MAGS:
9.02
QQQ3.L:
12.57%
MAGS:
5.81%
QQQ3.L:
52.22%
MAGS:
25.84%
QQQ3.L:
-81.35%
MAGS:
-18.10%
QQQ3.L:
-2.05%
MAGS:
-3.87%
Returns By Period
In the year-to-date period, QQQ3.L achieves a 9.35% return, which is significantly higher than MAGS's 2.08% return.
QQQ3.L
9.35%
8.08%
30.02%
53.54%
25.89%
34.77%
MAGS
2.08%
0.20%
22.59%
51.32%
N/A
N/A
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QQQ3.L vs. MAGS - Expense Ratio Comparison
QQQ3.L has a 0.75% expense ratio, which is higher than MAGS's 0.29% expense ratio.
Risk-Adjusted Performance
QQQ3.L vs. MAGS — Risk-Adjusted Performance Rank
QQQ3.L
MAGS
QQQ3.L vs. MAGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) 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.
Dividends
QQQ3.L vs. MAGS - Dividend Comparison
QQQ3.L has not paid dividends to shareholders, while MAGS's dividend yield for the trailing twelve months is around 0.72%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 0.00% | 0.00% | 0.00% |
MAGS Roundhill Magnificent Seven ETF | 0.72% | 0.74% | 0.44% |
Drawdowns
QQQ3.L vs. MAGS - Drawdown Comparison
The maximum QQQ3.L drawdown since its inception was -81.35%, which is greater than MAGS's maximum drawdown of -18.10%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and MAGS. For additional features, visit the drawdowns tool.
Volatility
QQQ3.L vs. MAGS - Volatility Comparison
WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a higher volatility of 18.02% compared to Roundhill Magnificent Seven ETF (MAGS) at 6.45%. This indicates that QQQ3.L'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.