RDW vs. MAGX
RDW (Redwire Corporation) is a stock, while MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) is Leveraged Equities fund actively managed by Roundhill. Over the past year, RDW returned -21.74% vs 33.21% for MAGX. At a 0.33 correlation, their price movements are largely independent.
Performance
RDW vs. MAGX - Performance Comparison
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Returns By Period
In the year-to-date period, RDW achieves a 98.95% return, which is significantly higher than MAGX's -8.69% return.
RDW
- 1D
- -11.53%
- 1M
- 31.94%
- YTD
- 98.95%
- 6M
- 107.41%
- 1Y
- -21.74%
- 3Y*
- 79.83%
- 5Y*
- —
- 10Y*
- —
MAGX
- 1D
- -0.27%
- 1M
- -16.06%
- YTD
- -8.69%
- 6M
- -7.45%
- 1Y
- 33.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RDW vs. MAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RDW Redwire Corporation | 98.95% | -53.83% | 389.88% |
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | -8.69% | 26.16% | 82.41% |
Correlation
The correlation between RDW 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
RDW vs. MAGX — Risk / Return Rank
RDW
MAGX
RDW vs. MAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redwire Corporation (RDW) 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.
| RDW | MAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.90 | -1.19 |
| Martin ratioReturn relative to average drawdown | -0.42 | 2.70 | -3.12 |
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Drawdowns
RDW vs. MAGX - Drawdown Comparison
The maximum RDW drawdown since its inception was -87.26%, which is greater than MAGX's maximum drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for RDW and MAGX.
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Drawdown Indicators
| RDW | MAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.26% | -54.19% | -33.07% |
Max Drawdown (1Y)Largest decline over 1 year | -75.40% | -37.24% | -38.16% |
Max Drawdown (3Y)Largest decline over 3 years | -80.28% | — | — |
Current DrawdownCurrent decline from peak | -41.62% | -16.77% | -24.85% |
Average DrawdownAverage peak-to-trough decline | -59.30% | -13.76% | -45.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.88% | 12.32% | +39.56% |
Volatility
RDW vs. MAGX - Volatility Comparison
Redwire Corporation (RDW) has a higher volatility of 53.68% compared to Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) at 12.35%. This indicates that RDW'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
| RDW | MAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 53.68% | 12.35% | +41.33% |
Volatility (6M)Calculated over the trailing 6-month period | 94.49% | 30.63% | +63.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 118.63% | 40.70% | +77.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.83% | 53.61% | +43.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.83% | 53.61% | +43.22% |
Dividends
RDW vs. MAGX - Dividend Comparison
RDW 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% |
RDW Redwire Corporation | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RDW 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.
RDW has higher volatility (53.68%) compared to MAGX (12.35%). In terms of maximum drawdown, RDW dropped -87.26% vs MAGX's -54.19%.
MAGX currently has the higher Sharpe Ratio (0.82 vs -0.18), 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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