SP20.AS vs. MAGS
SP20.AS (iShares S&P 500 Top 20 UCITS ETF USD Acc) and MAGS (Roundhill Magnificent Seven ETF) 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 MAGS is a Technology Equities fund actively managed by Roundhill. SP20.AS is passively managed, while MAGS is actively managed. Over the past year, SP20.AS returned 32.46% vs 30.23% for MAGS. A 0.59 correlation means they provide meaningful diversification when combined. SP20.AS charges 0.20%/yr vs 0.29%/yr for MAGS.
Performance
SP20.AS vs. MAGS - Performance Comparison
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Different Trading Currencies
SP20.AS is traded in EUR, while MAGS is traded in USD. To make them comparable, the MAGS 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 MAGS's 5.99% return.
SP20.AS
- 1D
- -0.21%
- 1M
- 4.12%
- YTD
- 8.50%
- 6M
- 8.38%
- 1Y
- 32.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGS
- 1D
- 0.88%
- 1M
- 3.68%
- YTD
- 5.99%
- 6M
- 4.44%
- 1Y
- 30.23%
- 3Y*
- 30.62%
- 5Y*
- —
- 10Y*
- —
SP20.AS vs. MAGS - 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% |
MAGS Roundhill Magnificent Seven ETF | 5.99% | 8.39% | 10.67% |
Correlation
The correlation between SP20.AS and MAGS is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.59 |
The correlation between SP20.AS and MAGS has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
SP20.AS vs. MAGS — Risk / Return Rank
SP20.AS
MAGS
SP20.AS vs. MAGS - 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 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.
| SP20.AS | MAGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.26 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 1.69 | +0.71 |
| Martin ratioReturn relative to average drawdown | 8.91 | 5.27 | +3.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SP20.AS | MAGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 1.49 | +0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 1.42 | -0.26 |
Drawdowns
SP20.AS vs. MAGS - Drawdown Comparison
The maximum SP20.AS drawdown since its inception was -23.48%, smaller than the maximum MAGS drawdown of -35.73%. Use the drawdown chart below to compare losses from any high point for SP20.AS and MAGS.
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Drawdown Indicators
| SP20.AS | MAGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.48% | -35.73% | +12.25% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -17.97% | +4.61% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.73% | — |
Current DrawdownCurrent decline from peak | -1.67% | -2.16% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -6.00% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 5.75% | -2.13% |
Volatility
SP20.AS vs. MAGS - Volatility Comparison
The current volatility for iShares S&P 500 Top 20 UCITS ETF USD Acc (SP20.AS) is 4.08%, while Roundhill Magnificent Seven ETF (MAGS) has a volatility of 4.32%. This indicates that SP20.AS 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.
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Volatility by Period
| SP20.AS | MAGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 4.32% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 13.76% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.72% | 20.36% | -5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.19% | 26.67% | -7.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 26.67% | -7.48% |
SP20.AS vs. MAGS - Expense Ratio Comparison
SP20.AS has a 0.20% expense ratio, which is lower than MAGS's 0.29% expense ratio.
Dividends
SP20.AS vs. MAGS - Dividend Comparison
SP20.AS has not paid dividends to shareholders, while MAGS's dividend yield for the trailing twelve months is around 1.41%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 1.41% | 1.48% | 0.81% | 0.44% |
SP20.AS iShares S&P 500 Top 20 UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SP20.AS and MAGS have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SP20.AS is cheaper with a 0.20% expense ratio, compared with 0.29% for MAGS.
SP20.AS is categorized as S&P 500, while MAGS is Technology Equities. They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.20% for SP20.AS and 0.29% for MAGS.
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