XAR vs. MAGS

Last updated Jun 14, 2026

XAR (SPDR S&P Aerospace & Defense ETF) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - XAR is a Aerospace & Defense fund tracking the S&P Aerospace & Defense Select Industry Index, while MAGS is a Technology Equities fund actively managed by Roundhill. XAR is passively managed, while MAGS is actively managed. Over the past 3 years, XAR returned 33.32%/yr vs 31.29%/yr for MAGS. At a 0.39 correlation, their price movements are largely independent. XAR charges 0.35%/yr vs 0.29%/yr for MAGS.

Performance

XAR vs. MAGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Aerospace & Defense ETF (XAR) and Roundhill Magnificent Seven ETF (MAGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XAR achieves a 16.10% return, which is significantly higher than MAGS's -1.59% return.

XAR

• 1D: -1.55%
• 1M: 7.38%
• YTD: 16.10%
• 6M: 18.39%
• 1Y: 42.07%
• 3Y*: 33.32%
• 5Y*: 16.58%
• 10Y*: 18.45%

MAGS

• 1D: 0.00%
• 1M: -7.06%
• YTD: -1.59%
• 6M: -0.43%
• 1Y: 23.92%
• 3Y*: 31.29%
• 5Y*: —
• 10Y*: —

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

XAR vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XAR SPDR S&P Aerospace & Defense ETF	16.10%	46.15%	23.32%	16.57%
MAGS Roundhill Magnificent Seven ETF	-1.59%	22.99%	63.97%	35.74%

Correlation

The correlation between XAR and MAGS is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023	0.39

XAR vs. MAGS - Sectors Allocation Comparison

Sectors	XAR	MAGS
Industrials	99.1%	-
Technology	0.8%	10.9%
Basic Materials	-	-
Communication Services	-	5.9%
Consumer Cyclical	-	6.9%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XAR vs. MAGS — Risk / Return Rank

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

XAR

XAR Risk / Return Rank: 49
XAR Sharpe Ratio Rank: 49
XAR Sortino Ratio Rank: 51
XAR Omega Ratio Rank: 44
XAR Calmar Ratio Rank: 56
XAR Martin Ratio Rank: 48

MAGS

MAGS Risk / Return Rank: 33
MAGS Sharpe Ratio Rank: 36
MAGS Sortino Ratio Rank: 34
MAGS Omega Ratio Rank: 34
MAGS Calmar Ratio Rank: 29
MAGS Martin Ratio Rank: 32

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.

XAR vs. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Aerospace & Defense ETF (XAR) 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.

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.

	XAR	MAGS	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.14	+0.36
Sortino ratio: Return per unit of downside risk	2.20	1.62	+0.57
Omega ratio: Gain probability vs. loss probability	1.25	1.20	+0.05
Calmar ratio: Return relative to maximum drawdown	2.43	1.25	+1.18
Martin ratio: Return relative to average drawdown	6.81	4.21	+2.61

XAR vs. MAGS - Sharpe Ratio Comparison

The current XAR Sharpe Ratio is 1.50, which is higher than the MAGS Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of XAR and MAGS, 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

XAR vs. MAGS - Drawdown Comparison

The maximum XAR drawdown since its inception was -46.37%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for XAR and MAGS.

Drawdown Indicators

	XAR	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-46.37%	-29.91%	-16.46%
Max Drawdown (1Y) Largest decline over 1 year	-17.22%	-18.62%	+1.40%
Max Drawdown (3Y) Largest decline over 3 years	-19.73%	-29.91%	+10.18%
Max Drawdown (5Y) Largest decline over 5 years	-32.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.37%	—	—
Current Drawdown Current decline from peak	-4.32%	-8.50%	+4.18%
Average Drawdown Average peak-to-trough decline	-6.78%	-4.72%	-2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.13%	5.50%	+0.63%

Volatility

XAR vs. MAGS - Volatility Comparison

SPDR S&P Aerospace & Defense ETF (XAR) has a higher volatility of 11.46% compared to Roundhill Magnificent Seven ETF (MAGS) at 5.86%. This indicates that XAR'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.

Volatility by Period

	XAR	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.46%	5.86%	+5.60%
Volatility (6M) Calculated over the trailing 6-month period	23.56%	15.07%	+8.49%
Volatility (1Y) Calculated over the trailing 1-year period	27.85%	20.30%	+7.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.66%	25.97%	-2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.74%	25.97%	-1.23%

XAR vs. MAGS - Expense Ratio Comparison

XAR has a 0.35% expense ratio, which is higher than MAGS's 0.29% expense ratio.

Dividends

XAR vs. MAGS - Dividend Comparison

XAR's dividend yield for the trailing twelve months is around 0.31%, less than MAGS's 1.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAGS Roundhill Magnificent Seven ETF	1.50%	1.48%	0.81%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XAR SPDR S&P Aerospace & Defense ETF	0.31%	0.40%	0.66%	0.54%	0.50%	0.83%	0.63%	0.75%	1.19%	0.76%	1.09%	2.31%

Frequently Asked Questions

Can I hold both XAR and MAGS in my portfolio?

XAR and MAGS have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XAR or MAGS?

XAR has higher volatility (11.46%) compared to MAGS (5.86%). In terms of maximum drawdown, XAR dropped -46.37% vs MAGS's -29.91%.

Which ETF is better, XAR or MAGS?

On 3-year performance, XAR leads with 33.32% vs 31.29% for MAGS. On fees, MAGS is cheaper at 0.29% per year. On volatility, MAGS has been the lower-risk option at 5.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XAR or MAGS?

Over the 3-year period, XAR has performed better with a 33.32% return vs 31.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XAR or MAGS?

MAGS is cheaper with a 0.29% expense ratio, compared with 0.35% for XAR.

Which ETF pays a higher dividend yield, XAR or MAGS?

MAGS has the higher dividend yield at 1.50%, compared with 0.31% for XAR.

What is the main difference between XAR and MAGS?

XAR is categorized as Aerospace & Defense, while MAGS is Technology Equities. They also come from different issuers: State Street and Roundhill. Their fees differ too: 0.35% for XAR and 0.29% for MAGS.

Which has better risk-adjusted returns?

XAR currently has the higher Sharpe Ratio (1.50 vs 1.14), 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.