SP20.AS vs. MAG7.L

Last updated Jun 5, 2026

SP20.AS (iShares S&P 500 Top 20 UCITS ETF USD Acc) and MAG7.L (Leverage Shares 5x Long Magnificent 7 ETP Securities) are both exchange-traded funds - SP20.AS is a S&P 500 fund tracking the S&P 500 Top 20 Select 35/20 Capped Index, while MAG7.L is a Leveraged Equities fund tracking the Solactive Magnificent 7 Index. Both are passively managed. Over the past year, SP20.AS returned 32.46% vs 122.21% for MAG7.L. Their correlation of 0.91 suggests significant overlap in exposure. SP20.AS charges 0.20%/yr vs 0.75%/yr for MAG7.L.

Performance

SP20.AS vs. MAG7.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares S&P 500 Top 20 UCITS ETF USD Acc (SP20.AS) and Leverage Shares 5x Long Magnificent 7 ETP Securities (MAG7.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SP20.AS is traded in EUR, while MAG7.L is traded in USD. To make them comparable, the MAG7.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SP20.AS achieves a 8.50% return, which is significantly higher than MAG7.L's 0.76% return.

SP20.AS

• 1D: -0.21%
• 1M: 4.12%
• YTD: 8.50%
• 6M: 8.38%
• 1Y: 32.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAG7.L

• 1D: 5.07%
• 1M: 14.01%
• YTD: 0.76%
• 6M: -1.14%
• 1Y: 122.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SP20.AS vs. MAG7.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SP20.AS iShares S&P 500 Top 20 UCITS ETF USD Acc	8.50%	19.56%	5.33%
MAG7.L Leverage Shares 5x Long Magnificent 7 ETP Securities	0.76%	-36.92%	50.28%

Correlation

The correlation between SP20.AS and MAG7.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	0.91

The correlation between SP20.AS and MAG7.L has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

SP20.AS vs. MAG7.L — Risk / Return Rank

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

SP20.AS

SP20.AS Risk / Return Rank: 60
SP20.AS Sharpe Ratio Rank: 67
SP20.AS Sortino Ratio Rank: 69
SP20.AS Omega Ratio Rank: 63
SP20.AS Calmar Ratio Rank: 49
SP20.AS Martin Ratio Rank: 53

MAG7.L

MAG7.L Risk / Return Rank: 36
MAG7.L Sharpe Ratio Rank: 36
MAG7.L Sortino Ratio Rank: 40
MAG7.L Omega Ratio Rank: 37
MAG7.L Calmar Ratio Rank: 36
MAG7.L Martin Ratio Rank: 31

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.

SP20.AS vs. MAG7.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Top 20 UCITS ETF USD Acc (SP20.AS) and Leverage Shares 5x Long Magnificent 7 ETP Securities (MAG7.L). 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.

	SP20.AS	MAG7.L	Difference
Sharpe ratio: Return per unit of total volatility	2.18	1.25	+0.92
Sortino ratio: Return per unit of downside risk	3.09	2.02	+1.07
Omega ratio: Gain probability vs. loss probability	1.37	1.24	+0.14
Calmar ratio: Return relative to maximum drawdown	2.40	1.71	+0.69
Martin ratio: Return relative to average drawdown	8.91	4.17	+4.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SP20.AS vs. MAG7.L - Sharpe Ratio Comparison

The current SP20.AS Sharpe Ratio is 2.18, which is higher than the MAG7.L Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of SP20.AS and MAG7.L, 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

	SP20.AS	MAG7.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	1.25	+0.92
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	0.21	+0.95

Drawdowns

SP20.AS vs. MAG7.L - Drawdown Comparison

The maximum SP20.AS drawdown since its inception was -23.48%, smaller than the maximum MAG7.L drawdown of -91.94%. Use the drawdown chart below to compare losses from any high point for SP20.AS and MAG7.L.

Drawdown Indicators

	SP20.AS	MAG7.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.48%	-91.94%	+68.46%
Max Drawdown (1Y) Largest decline over 1 year	-13.36%	-71.21%	+57.85%
Current Drawdown Current decline from peak	-1.67%	-51.33%	+49.66%
Average Drawdown Average peak-to-trough decline	-3.82%	-49.70%	+45.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	29.23%	-25.61%

Volatility

SP20.AS vs. MAG7.L - Volatility Comparison

The current volatility for iShares S&P 500 Top 20 UCITS ETF USD Acc (SP20.AS) is 4.08%, while Leverage Shares 5x Long Magnificent 7 ETP Securities (MAG7.L) has a volatility of 27.11%. This indicates that SP20.AS experiences smaller price fluctuations and is considered to be less risky than MAG7.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SP20.AS	MAG7.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	27.11%	-23.03%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	71.01%	-60.06%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	97.04%	-82.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.19%	124.90%	-105.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.19%	124.90%	-105.71%

SP20.AS vs. MAG7.L - Expense Ratio Comparison

SP20.AS has a 0.20% expense ratio, which is lower than MAG7.L's 0.75% expense ratio.

Dividends

SP20.AS vs. MAG7.L - Dividend Comparison

Neither SP20.AS nor MAG7.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SP20.AS and MAG7.L in my portfolio?

With a correlation of 0.90, SP20.AS and MAG7.L 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 ETF is better, SP20.AS or MAG7.L?

On fees, SP20.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SP20.AS or MAG7.L?

SP20.AS is cheaper with a 0.20% expense ratio, compared with 0.75% for MAG7.L.

What is the main difference between SP20.AS and MAG7.L?

SP20.AS is categorized as S&P 500, while MAG7.L is Leveraged Equities. SP20.AS tracks S&P 500 Top 20 Select 35/20 Capped Index, while MAG7.L tracks Solactive Magnificent 7 Index. They also come from different issuers: iShares and Leverage Shares. Their fees differ too: 0.20% for SP20.AS and 0.75% for MAG7.L.