QQQD vs. MAGX
Compare and contrast key facts about Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX).
QQQD and MAGX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQD is a passively managed fund by Direxion that tracks the performance of the Indxx Magnificent 7 Index (-100%). It was launched on Mar 6, 2024. 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: QQQD or MAGX.
Correlation
The correlation between QQQD and MAGX is -0.83. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
QQQD vs. MAGX - Performance Comparison
Key characteristics
QQQD:
-0.66
MAGX:
0.43
QQQD:
-0.80
MAGX:
1.03
QQQD:
0.90
MAGX:
1.13
QQQD:
-0.59
MAGX:
0.51
QQQD:
-1.00
MAGX:
1.37
QQQD:
21.60%
MAGX:
20.37%
QQQD:
32.62%
MAGX:
65.37%
QQQD:
-36.25%
MAGX:
-54.18%
QQQD:
-23.44%
MAGX:
-41.20%
Returns By Period
In the year-to-date period, QQQD achieves a 12.83% return, which is significantly higher than MAGX's -33.25% return.
QQQD
12.83%
-0.47%
0.87%
-21.66%
N/A
N/A
MAGX
-33.25%
-10.58%
-18.46%
28.05%
N/A
N/A
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QQQD vs. MAGX - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is lower than MAGX's 0.95% expense ratio.
Risk-Adjusted Performance
QQQD vs. MAGX — Risk-Adjusted Performance Rank
QQQD
MAGX
QQQD vs. MAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) 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.
Dividends
QQQD vs. MAGX - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 5.31%, more than MAGX's 1.28% yield.
| TTM | 2024 | |
|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 5.31% | 5.17% |
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 1.28% | 0.86% |
Drawdowns
QQQD vs. MAGX - Drawdown Comparison
The maximum QQQD drawdown since its inception was -36.25%, smaller than the maximum MAGX drawdown of -54.18%. Use the drawdown chart below to compare losses from any high point for QQQD and MAGX. For additional features, visit the drawdowns tool.
Volatility
QQQD vs. MAGX - Volatility Comparison
The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 21.28%, while Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a volatility of 39.81%. This indicates that QQQD experiences smaller price fluctuations and is considered to be less risky than MAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.