TOP vs. MAGS
TOP (Zhong Yang Financial Group Limited Ordinary Shares) is a stock, while MAGS (Roundhill Magnificent Seven ETF) is Technology Equities fund actively managed by Roundhill. Over the past year, TOP returned -11.95% vs 31.34% for MAGS. At a 0.17 correlation, their price movements are largely independent.
Performance
TOP vs. MAGS - Performance Comparison
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Returns By Period
In the year-to-date period, TOP achieves a 8.46% return, which is significantly higher than MAGS's 3.73% return.
TOP
- 1D
- 7.92%
- 1M
- 36.25%
- YTD
- 8.46%
- 6M
- -0.91%
- 1Y
- -11.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGS
- 1D
- -1.08%
- 1M
- 2.17%
- YTD
- 3.73%
- 6M
- 3.62%
- 1Y
- 31.34%
- 3Y*
- 33.71%
- 5Y*
- —
- 10Y*
- —
TOP vs. MAGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TOP Zhong Yang Financial Group Limited Ordinary Shares | 8.46% | -34.31% | -17.74% |
MAGS Roundhill Magnificent Seven ETF | 3.73% | 22.99% | 14.29% |
Correlation
The correlation between TOP and MAGS is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024 | 0.17 |
The correlation between TOP and MAGS shifts across timeframes, from 0.06 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TOP vs. MAGS — Risk / Return Rank
TOP
MAGS
TOP vs. MAGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zhong Yang Financial Group Limited Ordinary Shares (TOP) 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.
| TOP | MAGS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.13 | 1.57 | -1.70 |
Sortino ratioReturn per unit of downside risk | 0.52 | 2.15 | -1.64 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.27 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.18 | 1.69 | -1.87 |
Martin ratioReturn relative to average drawdown | -0.31 | 5.85 | -6.16 |
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
| TOP | MAGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | 1.57 | -1.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.36 | 1.55 | -1.91 |
Drawdowns
TOP vs. MAGS - Drawdown Comparison
The maximum TOP drawdown since its inception was -66.57%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for TOP and MAGS.
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Drawdown Indicators
| TOP | MAGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.57% | -29.91% | -36.66% |
Max Drawdown (1Y)Largest decline over 1 year | -66.39% | -18.62% | -47.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.91% | — |
Current DrawdownCurrent decline from peak | -41.40% | -3.55% | -37.85% |
Average DrawdownAverage peak-to-trough decline | -35.34% | -4.70% | -30.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.81% | 5.37% | +33.44% |
Volatility
TOP vs. MAGS - Volatility Comparison
Zhong Yang Financial Group Limited Ordinary Shares (TOP) has a higher volatility of 35.31% compared to Roundhill Magnificent Seven ETF (MAGS) at 4.80%. This indicates that TOP's price experiences larger fluctuations and is considered to be riskier 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
| TOP | MAGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.31% | 4.80% | +30.51% |
Volatility (6M)Calculated over the trailing 6-month period | 62.78% | 14.31% | +48.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.96% | 20.08% | +70.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.18% | 25.94% | +52.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.18% | 25.94% | +52.24% |
Dividends
TOP vs. MAGS - Dividend Comparison
TOP has not paid dividends to shareholders, while MAGS's dividend yield for the trailing twelve months is around 1.43%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 1.43% | 1.48% | 0.81% | 0.44% |
TOP Zhong Yang Financial Group Limited Ordinary Shares | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TOP and MAGS have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TOP has higher volatility (35.31%) compared to MAGS (4.80%). In terms of maximum drawdown, TOP dropped -66.57% vs MAGS's -29.91%.
MAGS currently has the higher Sharpe Ratio (1.57 vs -0.13), 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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