TSMX vs. MAGX

Last updated Jun 24, 2026

TSMX (Direxion Daily TSM Bull 2X Shares) and MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, TSMX returned 240.03% vs 25.45% for MAGX. A 0.56 correlation means they provide meaningful diversification when combined. TSMX charges 1.05%/yr vs 0.95%/yr for MAGX.

Performance

TSMX vs. MAGX - Performance Comparison

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

Returns By Period

In the year-to-date period, TSMX achieves a 80.35% return, which is significantly higher than MAGX's -13.73% return.

TSMX

• 1D: -13.50%
• 1M: 12.92%
• YTD: 80.35%
• 6M: 88.28%
• 1Y: 240.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGX

• 1D: -2.86%
• 1M: -17.70%
• YTD: -13.73%
• 6M: -16.51%
• 1Y: 25.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSMX vs. MAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSMX Direxion Daily TSM Bull 2X Shares	80.35%	81.48%	16.84%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-13.73%	26.16%	32.40%

Correlation

The correlation between TSMX and MAGX is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	0.56

The correlation between TSMX and MAGX has been stable across timeframes, ranging from 0.53 to 0.56 - a consistent structural relationship.

TSMX vs. MAGX - Sectors Allocation Comparison

Sectors	TSMX	MAGX
Technology	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	32.8%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TSMX vs. MAGX — Risk / Return Rank

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

TSMX

TSMX Risk / Return Rank: 85
TSMX Sharpe Ratio Rank: 93
TSMX Sortino Ratio Rank: 75
TSMX Omega Ratio Rank: 69
TSMX Calmar Ratio Rank: 94
TSMX Martin Ratio Rank: 92

MAGX

MAGX Risk / Return Rank: 19
MAGX Sharpe Ratio Rank: 19
MAGX Sortino Ratio Rank: 20
MAGX Omega Ratio Rank: 19
MAGX Calmar Ratio Rank: 17
MAGX Martin Ratio Rank: 19

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.

TSMX vs. MAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSM Bull 2X Shares (TSMX) 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.

	TSMX	MAGX	Difference
Sharpe ratio: Return per unit of total volatility	3.15	0.61	+2.54
Sortino ratio: Return per unit of downside risk	3.15	1.06	+2.09
Omega ratio: Gain probability vs. loss probability	1.39	1.13	+0.26
Calmar ratio: Return relative to maximum drawdown	6.92	0.69	+6.23
Martin ratio: Return relative to average drawdown	22.13	2.03	+20.10

TSMX vs. MAGX - Sharpe Ratio Comparison

The current TSMX Sharpe Ratio is 3.15, which is higher than the MAGX Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of TSMX and MAGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSMX vs. MAGX - Drawdown Comparison

The maximum TSMX drawdown since its inception was -63.80%, which is greater than MAGX's maximum drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for TSMX and MAGX.

Drawdown Indicators

	TSMX	MAGX	Difference
Max Drawdown Largest peak-to-trough decline	-63.80%	-54.19%	-9.61%
Max Drawdown (1Y) Largest decline over 1 year	-34.93%	-37.24%	+2.31%
Current Drawdown Current decline from peak	-13.50%	-21.36%	+7.86%
Average Drawdown Average peak-to-trough decline	-15.59%	-13.79%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.90%	12.59%	-1.69%

Volatility

TSMX vs. MAGX - Volatility Comparison

Direxion Daily TSM Bull 2X Shares (TSMX) has a higher volatility of 33.01% compared to Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) at 15.32%. This indicates that TSMX'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.

Volatility by Period

	TSMX	MAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.01%	15.32%	+17.69%
Volatility (6M) Calculated over the trailing 6-month period	60.15%	31.75%	+28.40%
Volatility (1Y) Calculated over the trailing 1-year period	76.69%	41.71%	+34.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.69%	53.76%	+28.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.69%	53.76%	+28.93%

TSMX vs. MAGX - Expense Ratio Comparison

TSMX has a 1.05% expense ratio, which is higher than MAGX's 0.95% expense ratio.

Dividends

TSMX vs. MAGX - Dividend Comparison

TSMX's dividend yield for the trailing twelve months is around 4.58%, more than MAGX's 2.37% yield.

Position	TTM	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.37%	2.05%	0.86%
TSMX Direxion Daily TSM Bull 2X Shares	4.58%	8.01%	0.53%

Frequently Asked Questions

Can I hold both TSMX and MAGX in my portfolio?

TSMX and MAGX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSMX or MAGX?

TSMX has higher volatility (33.01%) compared to MAGX (15.32%). In terms of maximum drawdown, TSMX dropped -63.80% vs MAGX's -54.19%.

Which ETF is better, TSMX or MAGX?

On 1-year performance, TSMX leads with 240.03% vs 25.45% for MAGX. On fees, MAGX is cheaper at 0.95% per year. On volatility, MAGX has been the lower-risk option at 15.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSMX or MAGX?

Over the 1-year period, TSMX has performed better with a 240.03% return vs 25.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSMX or MAGX?

MAGX is cheaper with a 0.95% expense ratio, compared with 1.05% for TSMX.

Which ETF pays a higher dividend yield, TSMX or MAGX?

TSMX has the higher dividend yield at 4.58%, compared with 2.37% for MAGX.

What is the main difference between TSMX and MAGX?

They also come from different issuers: Direxion and Roundhill. Their fees differ too: 1.05% for TSMX and 0.95% for MAGX.

Which has better risk-adjusted returns?

TSMX currently has the higher Sharpe Ratio (3.15 vs 0.61), 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.