QUBT vs. MAGX
QUBT (Quantum Computing, Inc.) is a stock, while MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) is Leveraged Equities fund actively managed by Roundhill. Over the past year, QUBT returned -43.29% vs 33.21% for MAGX. At a 0.33 correlation, their price movements are largely independent.
Performance
QUBT vs. MAGX - Performance Comparison
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Returns By Period
In the year-to-date period, QUBT achieves a -3.22% return, which is significantly higher than MAGX's -8.69% return.
QUBT
- 1D
- 0.20%
- 1M
- -9.97%
- YTD
- -3.22%
- 6M
- -17.59%
- 1Y
- -43.29%
- 3Y*
- 77.69%
- 5Y*
- 9.88%
- 10Y*
- —
MAGX
- 1D
- -0.27%
- 1M
- -16.06%
- YTD
- -8.69%
- 6M
- -7.45%
- 1Y
- 33.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QUBT vs. MAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QUBT Quantum Computing, Inc. | -3.22% | -38.01% | 1,862.53% |
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | -8.69% | 26.16% | 82.41% |
Correlation
The correlation between QUBT and MAGX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | 0.33 |
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Return for Risk
QUBT vs. MAGX — Risk / Return Rank
QUBT
MAGX
QUBT vs. MAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quantum Computing, Inc. (QUBT) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QUBT | MAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.16 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 0.90 | -1.48 |
| Martin ratioReturn relative to average drawdown | -0.89 | 2.70 | -3.59 |
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Drawdowns
QUBT vs. MAGX - Drawdown Comparison
The maximum QUBT drawdown since its inception was -97.53%, which is greater than MAGX's maximum drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for QUBT and MAGX.
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Drawdown Indicators
| QUBT | MAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.53% | -54.19% | -43.34% |
Max Drawdown (1Y)Largest decline over 1 year | -74.37% | -37.24% | -37.13% |
Max Drawdown (3Y)Largest decline over 3 years | -82.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -95.63% | — | — |
Current DrawdownCurrent decline from peak | -61.33% | -16.77% | -44.56% |
Average DrawdownAverage peak-to-trough decline | -72.90% | -13.76% | -59.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.67% | 12.32% | +36.35% |
Volatility
QUBT vs. MAGX - Volatility Comparison
Quantum Computing, Inc. (QUBT) has a higher volatility of 33.55% compared to Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) at 12.35%. This indicates that QUBT's price experiences larger fluctuations and is considered to be riskier than MAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QUBT | MAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.55% | 12.35% | +21.20% |
Volatility (6M)Calculated over the trailing 6-month period | 67.37% | 30.63% | +36.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.81% | 40.70% | +63.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 133.05% | 53.61% | +79.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 177.48% | 53.61% | +123.87% |
Dividends
QUBT vs. MAGX - Dividend Comparison
QUBT has not paid dividends to shareholders, while MAGX's dividend yield for the trailing twelve months is around 2.24%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 2.24% | 2.05% | 0.86% |
QUBT Quantum Computing, Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QUBT and MAGX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QUBT has higher volatility (33.55%) compared to MAGX (12.35%). In terms of maximum drawdown, QUBT dropped -97.53% vs MAGX's -54.19%.
MAGX currently has the higher Sharpe Ratio (0.82 vs -0.42), 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.
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