QQQU vs. MAGX
Compare and contrast key facts about Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX).
QQQU and MAGX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQU is a passively managed fund by Direxion that tracks the performance of the The Indxx Magnificent 7 Index (200%). 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: QQQU or MAGX.
Correlation
The correlation between QQQU and MAGX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQQU vs. MAGX - Performance Comparison
Key characteristics
QQQU:
50.27%
MAGX:
50.12%
QQQU:
-33.84%
MAGX:
-34.50%
QQQU:
-9.10%
MAGX:
-8.98%
Returns By Period
In the year-to-date period, QQQU achieves a 3.59% return, which is significantly higher than MAGX's 3.33% return.
QQQU
3.59%
-0.93%
35.22%
N/A
N/A
N/A
MAGX
3.33%
-0.77%
32.18%
N/A
N/A
N/A
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QQQU vs. MAGX - Expense Ratio Comparison
QQQU has a 1.07% expense ratio, which is higher than MAGX's 0.95% expense ratio.
Risk-Adjusted Performance
QQQU vs. MAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) 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.
Not enough dataDividends
QQQU vs. MAGX - Dividend Comparison
QQQU's dividend yield for the trailing twelve months is around 2.65%, more than MAGX's 0.83% yield.
| TTM | 2024 | |
|---|---|---|
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | 2.65% | 2.74% |
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 0.83% | 0.86% |
Drawdowns
QQQU vs. MAGX - Drawdown Comparison
The maximum QQQU drawdown since its inception was -33.84%, roughly equal to the maximum MAGX drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for QQQU and MAGX. For additional features, visit the drawdowns tool.
Volatility
QQQU vs. MAGX - Volatility Comparison
Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) have volatilities of 18.08% and 17.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.