YBTC vs. MAGX

Last updated Jul 14, 2026

YBTC (Roundhill Bitcoin Covered Call Strategy ETF) and MAGX (Roundhill Daily 2X Long Magnificent Seven ETF) are both exchange-traded funds - YBTC is a Cryptocurrency fund actively managed by Roundhill, while MAGX is a Leveraged Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, YBTC returned -42.52% vs 28.55% for MAGX. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

YBTC vs. MAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Bitcoin Covered Call Strategy ETF (YBTC) 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, YBTC achieves a -25.28% return, which is significantly lower than MAGX's -3.80% return.

YBTC

• 1D: -2.31%
• 1M: -0.49%
• 6M: -28.84%
• YTD: -25.28%
• 1Y: -42.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGX

• 1D: -2.14%
• 1M: 5.36%
• 6M: -3.69%
• YTD: -3.80%
• 1Y: 28.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YBTC vs. MAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YBTC Roundhill Bitcoin Covered Call Strategy ETF	-25.28%	-4.23%	32.11%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-3.80%	26.16%	82.41%

Correlation

The correlation between YBTC and MAGX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024	0.41

Return for Risk

YBTC vs. MAGX — Risk / Return Rank

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

YBTC

YBTC Risk / Return Rank: 1
YBTC Sharpe Ratio Rank: 1
YBTC Sortino Ratio Rank: 2
YBTC Omega Ratio Rank: 1
YBTC Calmar Ratio Rank: 2
YBTC Martin Ratio Rank: 1

MAGX

MAGX Risk / Return Rank: 23
MAGX Sharpe Ratio Rank: 23
MAGX Sortino Ratio Rank: 25
MAGX Omega Ratio Rank: 24
MAGX Calmar Ratio Rank: 21
MAGX Martin Ratio Rank: 22

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.

YBTC vs. MAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) 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.

	YBTC	MAGX	Difference
Sharpe ratio: Return per unit of total volatility	-1.06	0.68	-1.74
Sortino ratio: Return per unit of downside risk	-1.54	1.15	-2.68
Omega ratio: Gain probability vs. loss probability	0.81	1.14	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.87	0.77	-1.64
Martin ratio: Return relative to average drawdown	-1.44	2.16	-3.60

YBTC vs. MAGX - Sharpe Ratio Comparison

The current YBTC Sharpe Ratio is -1.06, which is lower than the MAGX Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of YBTC 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

YBTC vs. MAGX - Drawdown Comparison

The maximum YBTC drawdown since its inception was -48.84%, smaller than the maximum MAGX drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for YBTC and MAGX.

Drawdown Indicators

	YBTC	MAGX	Difference
Max Drawdown Largest peak-to-trough decline	-48.84%	-54.19%	+5.35%
Max Drawdown (1Y) Largest decline over 1 year	-48.84%	-37.24%	-11.60%
Current Drawdown Current decline from peak	-45.44%	-12.31%	-33.13%
Average Drawdown Average peak-to-trough decline	-14.27%	-13.86%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.64%	13.22%	+16.42%

Volatility

YBTC vs. MAGX - Volatility Comparison

The current volatility for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is 9.47%, while Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a volatility of 15.72%. This indicates that YBTC 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

	YBTC	MAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.47%	15.72%	-6.25%
Volatility (6M) Calculated over the trailing 6-month period	32.37%	33.28%	-0.91%
Volatility (1Y) Calculated over the trailing 1-year period	40.15%	42.54%	-2.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.75%	53.66%	-12.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.75%	53.66%	-12.91%

YBTC vs. MAGX - Expense Ratio Comparison

Both YBTC and MAGX have an expense ratio of 0.95%.

Dividends

YBTC vs. MAGX - Dividend Comparison

YBTC's dividend yield for the trailing twelve months is around 87.44%, more than MAGX's 2.13% yield.

Position	TTM	2025	2024
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.13%	2.05%	0.86%
YBTC Roundhill Bitcoin Covered Call Strategy ETF	87.44%	76.04%	44.53%

Frequently Asked Questions

Can I hold both YBTC and MAGX in my portfolio?

YBTC and MAGX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YBTC or MAGX?

MAGX has higher volatility (15.72%) compared to YBTC (9.47%). In terms of maximum drawdown, YBTC dropped -48.84% vs MAGX's -54.19%.

Which ETF is better, YBTC or MAGX?

On 1-year performance, MAGX leads with 28.55% vs -42.52% for YBTC. Both ETFs have the same 0.95% expense ratio. On volatility, YBTC has been the lower-risk option at 9.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YBTC or MAGX?

Over the 1-year period, MAGX has performed better with a 28.55% return vs -42.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YBTC or MAGX?

YBTC and MAGX have the same expense ratio: 0.95% per year.

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

YBTC has the higher dividend yield at 87.44%, compared with 2.13% for MAGX.

What is the main difference between YBTC and MAGX?

YBTC is categorized as Cryptocurrency, while MAGX is Leveraged Equities.

Which has better risk-adjusted returns?

MAGX currently has the higher Sharpe Ratio (0.68 vs -1.06), 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.