WEED vs. MAGX

Last updated Aug 2, 2026

WEED (Roundhill Cannabis ETF) and MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) are both exchange-traded funds - WEED is a Cannabis fund actively managed by Roundhill, while MAGX is a Leveraged Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, WEED returned 46.71% vs 22.80% for MAGX. Their 0.16 correlation means their historical movements had little consistent relationship. WEED charges 0.40%/yr vs 0.95%/yr for MAGX.

Performance

WEED vs. MAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Cannabis ETF (WEED) 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, WEED achieves a -4.55% return, which is significantly higher than MAGX's -7.36% return.

WEED

• 1D: 1.12%
• 1M: -11.61%
• 6M: 11.61%
• YTD: -4.55%
• 1Y: 46.71%
• 3Y*: -6.56%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -27.97%

MAGX

• 1D: 6.55%
• 1M: 1.46%
• 6M: -7.14%
• YTD: -7.36%
• 1Y: 22.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	$2.90M	$4.02M	$4.88M
WEED Roundhill Cannabis ETF	$134.43K	$200.90K	$425.04K

WEED vs. MAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WEED Roundhill Cannabis ETF	-4.55%	19.40%	-55.99%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-7.36%	26.16%	82.41%

Correlation

The correlation between WEED and MAGX is 0.20, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.20
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024	0.16

WEED vs. MAGX - Sectors Allocation Comparison

Sectors	WEED	MAGX
Healthcare	60.0%	-
Consumer Defensive	17.3%	-
Real Estate	16.3%	-
Technology	6.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Energy	-	-
Financial Services	-	35.6%
Industrials	-	-
Utilities	-	-

Return for Risk

WEED vs. MAGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WEED

WEED Risk / Return Rank: 34
WEED Sharpe Ratio Rank: 23
WEED Sortino Ratio Rank: 46
WEED Omega Ratio Rank: 43
WEED Calmar Ratio Rank: 32
WEED Martin Ratio Rank: 24

MAGX

MAGX Risk / Return Rank: 19
MAGX Sharpe Ratio Rank: 18
MAGX Sortino Ratio Rank: 21
MAGX Omega Ratio Rank: 21
MAGX Calmar Ratio Rank: 18
MAGX Martin Ratio Rank: 18

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WEED vs. MAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Cannabis ETF (WEED) 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.

	WEED	MAGX	Difference
Sharpe ratio: Return per unit of total volatility	0.53	0.33	+0.20
Sortino ratio: Return per unit of downside risk	1.69	0.75	+0.94
Omega ratio: Gain probability vs. loss probability	1.20	1.09	+0.11
Calmar ratio: Return relative to maximum drawdown	1.09	0.40	+0.70
Martin ratio: Return relative to average drawdown	1.90	1.07	+0.83

WEED vs. MAGX - Sharpe Ratio Comparison

The current WEED Sharpe Ratio is 0.53, which is higher than the MAGX Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of WEED 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

WEED vs. MAGX - Drawdown Comparison

The maximum WEED drawdown since its inception was -88.37%, which is greater than MAGX's maximum drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for WEED and MAGX.

Drawdown Indicators

	WEED	MAGX	Difference
Max Drawdown Largest peak-to-trough decline	-88.37%	-54.19%	-34.18%
Max Drawdown (1Y) Largest decline over 1 year	-54.01%	-37.24%	-16.77%
Max Drawdown (3Y) Largest decline over 3 years	-81.50%	—	—
Current Drawdown Current decline from peak	-75.43%	-15.56%	-59.87%
Average Drawdown Average peak-to-trough decline	-63.95%	-13.92%	-50.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.02%	13.84%	+17.18%

Volatility

WEED vs. MAGX - Volatility Comparison

The current volatility for Roundhill Cannabis ETF (WEED) is 12.78%, while Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a volatility of 16.11%. This indicates that WEED experiences smaller price fluctuations and is considered to be less risky than MAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEED	MAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.78%	16.11%	-3.33%
Volatility (6M) Calculated over the trailing 6-month period	55.58%	35.09%	+20.49%
Volatility (1Y) Calculated over the trailing 1-year period	111.46%	44.76%	+66.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.80%	53.84%	+27.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.80%	53.84%	+27.96%

WEED vs. MAGX - Expense Ratio Comparison

WEED has a 0.40% expense ratio, which is lower than MAGX's 0.95% expense ratio.

Dividends

WEED vs. MAGX - Dividend Comparison

WEED has not paid dividends to shareholders, while MAGX's dividend yield for the trailing twelve months is around 2.21%.

Position	TTM	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.21%	2.05%	0.86%
WEED Roundhill Cannabis ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WEED and MAGX in my portfolio?

WEED and MAGX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEED or MAGX?

MAGX has higher volatility (16.11%) compared to WEED (12.78%). In terms of maximum drawdown, WEED dropped -88.37% vs MAGX's -54.19%.

Which ETF is better, WEED or MAGX?

On 1-year performance, WEED leads with 46.71% vs 22.80% for MAGX. On fees, WEED is cheaper at 0.40% per year. On volatility, WEED has been the lower-risk option at 12.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEED or MAGX?

Over the 1-year period, WEED has performed better with a 46.71% return vs 22.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEED or MAGX?

WEED is cheaper with a 0.40% expense ratio, compared with 0.95% for MAGX.

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

MAGX has the higher dividend yield at 2.21%, compared with 0.00% for WEED.

What is the main difference between WEED and MAGX?

WEED is categorized as Cannabis, while MAGX is Leveraged Equities. Their fees differ too: 0.40% for WEED and 0.95% for MAGX.

Which has better risk-adjusted returns?

WEED currently has the higher Sharpe Ratio (0.53 vs 0.33), 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.