QQQU vs. MAGS

Last updated Jun 4, 2026

QQQU (Direxion Daily Magnificent 7 Bull 2X Shares) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - QQQU is a Leveraged Equities fund tracking the The Indxx Magnificent 7 Index (200%), while MAGS is a Technology Equities fund actively managed by Roundhill. QQQU is passively managed, while MAGS is actively managed. Over the past year, QQQU returned 60.01% vs 31.34% for MAGS. With a 0.99 correlation, they move nearly in lockstep. QQQU charges 1.07%/yr vs 0.29%/yr for MAGS.

Performance

QQQU vs. MAGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) 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, QQQU achieves a 3.96% return, which is significantly higher than MAGS's 3.73% return.

QQQU

• 1D: -2.40%
• 1M: 4.02%
• YTD: 3.96%
• 6M: 3.60%
• 1Y: 60.01%
• 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)

QQQU vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	3.96%	32.87%	81.85%
MAGS Roundhill Magnificent Seven ETF	3.73%	22.99%	41.00%

Correlation

The correlation between QQQU and MAGS is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.99

The correlation between QQQU and MAGS has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

QQQU vs. MAGS - Sectors Allocation Comparison

Sectors	QQQU	MAGS
Technology	15.8%	15.3%
Consumer Cyclical	10.7%	10.5%
Communication Services	10.3%	9.3%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

QQQU vs. MAGS — Risk / Return Rank

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

QQQU

QQQU Risk / Return Rank: 37
QQQU Sharpe Ratio Rank: 42
QQQU Sortino Ratio Rank: 38
QQQU Omega Ratio Rank: 37
QQQU Calmar Ratio Rank: 33
QQQU Martin Ratio Rank: 34

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.

QQQU vs. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) 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.

	QQQU	MAGS	Difference
Sharpe ratio Return per unit of total volatility	1.51	1.57	-0.06
Sortino ratio Return per unit of downside risk	2.03	2.15	-0.12
Omega ratio Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio Return relative to maximum drawdown	1.66	1.69	-0.03
Martin ratio Return relative to average drawdown	5.18	5.85	-0.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQU vs. MAGS - Sharpe Ratio Comparison

The current QQQU Sharpe Ratio is 1.51, which is comparable to the MAGS Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of QQQU 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

	QQQU	MAGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	1.57	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	1.55	-0.58

Drawdowns

QQQU vs. MAGS - Drawdown Comparison

The maximum QQQU drawdown since its inception was -53.70%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for QQQU and MAGS.

Drawdown Indicators

	QQQU	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-53.70%	-29.91%	-23.79%
Max Drawdown (1Y) Largest decline over 1 year	-36.29%	-18.62%	-17.67%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.91%	—
Current Drawdown Current decline from peak	-7.14%	-3.55%	-3.59%
Average Drawdown Average peak-to-trough decline	-13.34%	-4.70%	-8.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.62%	5.37%	+6.25%

Volatility

QQQU vs. MAGS - Volatility Comparison

Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) has a higher volatility of 9.30% compared to Roundhill Magnificent Seven ETF (MAGS) at 4.80%. This indicates that QQQU'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

	QQQU	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.30%	4.80%	+4.50%
Volatility (6M) Calculated over the trailing 6-month period	28.20%	14.31%	+13.89%
Volatility (1Y) Calculated over the trailing 1-year period	39.87%	20.08%	+19.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.99%	25.94%	+27.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.99%	25.94%	+27.05%

QQQU vs. MAGS - Expense Ratio Comparison

QQQU has a 1.07% expense ratio, which is higher than MAGS's 0.29% expense ratio.

Dividends

QQQU vs. MAGS - Dividend Comparison

QQQU's dividend yield for the trailing twelve months is around 9.23%, more than MAGS's 1.43% yield.

Position	TTM	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	1.43%	1.48%	0.81%	0.44%
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	9.23%	9.62%	2.75%	0.00%

Frequently Asked Questions

Can I hold both QQQU and MAGS in my portfolio?

With a correlation of 0.99, QQQU 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, QQQU or MAGS?

QQQU has higher volatility (9.30%) compared to MAGS (4.80%). In terms of maximum drawdown, QQQU dropped -53.70% vs MAGS's -29.91%.

Which ETF is better, QQQU or MAGS?

On 1-year performance, QQQU leads with 60.01% vs 31.34% for MAGS. On fees, MAGS is cheaper at 0.29% per year. 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, QQQU or MAGS?

Over the 1-year period, QQQU has performed better with a 60.01% return vs 31.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQU or MAGS?

MAGS is cheaper with a 0.29% expense ratio, compared with 1.07% for QQQU.

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

QQQU has the higher dividend yield at 9.23%, compared with 1.43% for MAGS.

What is the main difference between QQQU and MAGS?

QQQU is categorized as Leveraged Equities, while MAGS is Technology Equities. They also come from different issuers: Direxion and Roundhill. Their fees differ too: 1.07% for QQQU and 0.29% for MAGS.

Which has better risk-adjusted returns?

MAGS currently has the higher Sharpe Ratio (1.57 vs 1.51), 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.