TSLW vs. MAGX

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill TSLA WeeklyPay™ ETF (TSLW) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX).

TSLW and MAGX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLW is an actively managed fund by Roundhill. It was launched on Feb 19, 2025. MAGX is an actively managed fund by Roundhill. It was launched on Feb 28, 2024.

Performance

TSLW vs. MAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill TSLA WeeklyPay™ ETF (TSLW) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). The values are adjusted to include any dividend payments, if applicable.

TSLW vs. MAGX - Yearly Performance Comparison

	2026 (YTD)	2025
TSLW Roundhill TSLA WeeklyPay™ ETF	-18.99%	33.77%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-23.25%	50.52%

Returns By Period

In the year-to-date period, TSLW achieves a -18.99% return, which is significantly higher than MAGX's -23.25% return.

TSLW

• 1D: 3.11%
• 1M: -6.84%
• YTD: -18.99%
• 6M: -22.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGX

• 1D: 2.69%
• 1M: -10.34%
• YTD: -23.25%
• 6M: -21.67%
• 1Y: 37.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLW vs. MAGX - Expense Ratio Comparison

TSLW has a 0.99% expense ratio, which is higher than MAGX's 0.95% expense ratio.

TSLW

Roundhill TSLA WeeklyPay™ ETF

MAGX

Roundhill Daily 2X Long Magnificent Seven ETF

Return for Risk

TSLW vs. MAGX — Risk / Return Rank

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

MAGX

MAGX Risk / Return Rank: 41
MAGX Sharpe Ratio Rank: 34
MAGX Sortino Ratio Rank: 46
MAGX Omega Ratio Rank: 42
MAGX Calmar Ratio Rank: 43
MAGX Martin Ratio Rank: 38

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.

TSLW vs. MAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill TSLA WeeklyPay™ ETF (TSLW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TSLW	MAGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.57	-0.39

Correlation

The correlation between TSLW and MAGX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TSLW vs. MAGX - Dividend Comparison

TSLW's dividend yield for the trailing twelve months is around 81.10%, more than MAGX's 2.67% yield.

	TTM	2025	2024
TSLW Roundhill TSLA WeeklyPay™ ETF	81.10%	49.31%	0.00%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.67%	2.05%	0.86%

Drawdowns

TSLW vs. MAGX - Drawdown Comparison

The maximum TSLW drawdown since its inception was -32.91%, smaller than the maximum MAGX drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for TSLW and MAGX.

Drawdown Indicators

	TSLW	MAGX	Difference
Max Drawdown Largest peak-to-trough decline	-32.91%	-54.19%	+21.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-37.24%	—
Current Drawdown Current decline from peak	-26.99%	-29.46%	+2.47%
Average Drawdown Average peak-to-trough decline	-10.66%	-14.08%	+3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.80%	—

Volatility

Volatility by Period

	TSLW	MAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	31.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	56.67%	57.15%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.67%	54.60%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.67%	54.60%	+2.07%