XMMO vs. MAGS

Last updated Jun 13, 2026

XMMO (Invesco S&P MidCap Momentum ETF) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index, while MAGS is a Technology Equities fund actively managed by Roundhill. XMMO is passively managed, while MAGS is actively managed. Over the past 3 years, XMMO returned 30.62%/yr vs 31.29%/yr for MAGS. A 0.51 correlation means they provide meaningful diversification when combined. XMMO charges 0.35%/yr vs 0.29%/yr for MAGS.

Performance

XMMO vs. MAGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap Momentum ETF (XMMO) 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, XMMO achieves a 22.77% return, which is significantly higher than MAGS's -1.59% return.

XMMO

• 1D: 0.96%
• 1M: 0.99%
• YTD: 22.77%
• 6M: 22.33%
• 1Y: 36.63%
• 3Y*: 30.62%
• 5Y*: 15.91%
• 10Y*: 19.95%

MAGS

• 1D: 0.00%
• 1M: -7.97%
• YTD: -1.59%
• 6M: -0.43%
• 1Y: 23.09%
• 3Y*: 31.29%
• 5Y*: —
• 10Y*: —

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

XMMO vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XMMO Invesco S&P MidCap Momentum ETF	22.77%	13.04%	38.03%	20.77%
MAGS Roundhill Magnificent Seven ETF	-1.59%	22.99%	63.97%	35.74%

Correlation

The correlation between XMMO and MAGS is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023	0.51

The correlation between XMMO and MAGS has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.

XMMO vs. MAGS - Sectors Allocation Comparison

Sectors	XMMO	MAGS
Industrials	41.1%	-
Technology	16.7%	15.3%
Energy	7.7%	-
Basic Materials	7.2%	-
Healthcare	6.3%	-
Real Estate	6.1%	-
Utilities	5.8%	-
Consumer Cyclical	4.6%	10.3%
Financial Services	2.4%	-
Communication Services	1.6%	9.1%
Consumer Defensive	0.5%	-

Return for Risk

XMMO vs. MAGS — Risk / Return Rank

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

XMMO

XMMO Risk / Return Rank: 74
XMMO Sharpe Ratio Rank: 65
XMMO Sortino Ratio Rank: 65
XMMO Omega Ratio Rank: 63
XMMO Calmar Ratio Rank: 88
XMMO Martin Ratio Rank: 89

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.

XMMO vs. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) 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.

	XMMO	MAGS	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.14	+0.72
Sortino ratio: Return per unit of downside risk	2.58	1.62	+0.96
Omega ratio: Gain probability vs. loss probability	1.33	1.20	+0.13
Calmar ratio: Return relative to maximum drawdown	4.41	1.25	+3.17
Martin ratio: Return relative to average drawdown	17.54	4.21	+13.34

XMMO vs. MAGS - Sharpe Ratio Comparison

The current XMMO Sharpe Ratio is 1.86, which is higher than the MAGS Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of XMMO 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

XMMO vs. MAGS - Drawdown Comparison

The maximum XMMO drawdown since its inception was -55.37%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for XMMO and MAGS.

Drawdown Indicators

	XMMO	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-55.37%	-29.91%	-25.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-18.62%	+10.28%
Max Drawdown (3Y) Largest decline over 3 years	-24.93%	-29.91%	+4.98%
Max Drawdown (5Y) Largest decline over 5 years	-27.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.74%	—	—
Current Drawdown Current decline from peak	-1.19%	-8.50%	+7.31%
Average Drawdown Average peak-to-trough decline	-9.44%	-4.72%	-4.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	5.50%	-3.41%

Volatility

XMMO vs. MAGS - Volatility Comparison

Invesco S&P MidCap Momentum ETF (XMMO) has a higher volatility of 9.07% compared to Roundhill Magnificent Seven ETF (MAGS) at 5.86%. This indicates that XMMO'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

	XMMO	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.07%	5.86%	+3.21%
Volatility (6M) Calculated over the trailing 6-month period	16.76%	15.07%	+1.69%
Volatility (1Y) Calculated over the trailing 1-year period	19.74%	20.30%	-0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.62%	25.97%	-4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.35%	25.97%	-3.62%

XMMO vs. MAGS - Expense Ratio Comparison

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

Dividends

XMMO vs. MAGS - Dividend Comparison

XMMO's dividend yield for the trailing twelve months is around 0.61%, 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%
XMMO Invesco S&P MidCap Momentum ETF	0.61%	0.78%	0.34%	0.80%	1.43%	0.41%	0.61%	0.60%	0.19%	0.21%	0.22%	0.64%

Frequently Asked Questions

Can I hold both XMMO and MAGS in my portfolio?

XMMO and MAGS have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XMMO or MAGS?

XMMO has higher volatility (9.07%) compared to MAGS (5.86%). In terms of maximum drawdown, XMMO dropped -55.37% vs MAGS's -29.91%.

Which ETF is better, XMMO or MAGS?

On 3-year performance, MAGS leads with 31.29% vs 30.62% for XMMO. 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, XMMO or MAGS?

Over the 3-year period, MAGS has performed better with a 31.29% return vs 30.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XMMO or MAGS?

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

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

MAGS has the higher dividend yield at 1.50%, compared with 0.61% for XMMO.

What is the main difference between XMMO and MAGS?

XMMO is categorized as Momentum, while MAGS is Technology Equities. They also come from different issuers: Invesco and Roundhill. Their fees differ too: 0.35% for XMMO and 0.29% for MAGS.

Which has better risk-adjusted returns?

XMMO currently has the higher Sharpe Ratio (1.86 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.