QTOP vs. MAGS
Compare and contrast key facts about iShares Nasdaq Top 30 Stocks ETF (QTOP) and Roundhill Magnificent Seven ETF (MAGS).
QTOP and MAGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QTOP is a passively managed fund by iShares that tracks the performance of the Nasdaq-100 Top 30 Index. It was launched on Oct 23, 2024. 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: QTOP or MAGS.
Correlation
The correlation between QTOP and MAGS is 0.91, 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
QTOP vs. MAGS - Performance Comparison
Key characteristics
QTOP:
19.67%
MAGS:
25.92%
QTOP:
-6.69%
MAGS:
-18.10%
QTOP:
-3.02%
MAGS:
-7.23%
Returns By Period
In the year-to-date period, QTOP achieves a 1.60% return, which is significantly higher than MAGS's -1.49% return.
QTOP
1.60%
-1.37%
N/A
N/A
N/A
N/A
MAGS
-1.49%
-5.01%
18.93%
41.63%
N/A
N/A
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QTOP vs. MAGS - Expense Ratio Comparison
QTOP has a 0.20% expense ratio, which is lower than MAGS's 0.29% expense ratio.
Risk-Adjusted Performance
QTOP vs. MAGS — Risk-Adjusted Performance Rank
QTOP
MAGS
QTOP vs. MAGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) 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.
Not enough dataDividends
QTOP vs. MAGS - Dividend Comparison
QTOP's dividend yield for the trailing twelve months is around 0.11%, less than MAGS's 0.82% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.11% | 0.11% | 0.00% |
MAGS Roundhill Magnificent Seven ETF | 0.82% | 0.81% | 0.44% |
Drawdowns
QTOP vs. MAGS - Drawdown Comparison
The maximum QTOP drawdown since its inception was -6.69%, smaller than the maximum MAGS drawdown of -18.10%. Use the drawdown chart below to compare losses from any high point for QTOP and MAGS. For additional features, visit the drawdowns tool.
Volatility
QTOP vs. MAGS - Volatility Comparison
The current volatility for iShares Nasdaq Top 30 Stocks ETF (QTOP) is 5.56%, while Roundhill Magnificent Seven ETF (MAGS) has a volatility of 6.75%. This indicates that QTOP experiences smaller price fluctuations and is considered to be less risky than MAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.