YMAG vs. MAGX
Compare and contrast key facts about YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX).
YMAG and MAGX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YMAG is an actively managed fund by YieldMax. It was launched on Jan 29, 2024. MAGX is an actively managed fund by Roundhill. It was launched on Feb 28, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YMAG or MAGX.
Correlation
The correlation between YMAG and MAGX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
YMAG vs. MAGX - Performance Comparison
Key characteristics
YMAG:
19.05%
MAGX:
49.61%
YMAG:
-14.27%
MAGX:
-34.50%
YMAG:
-6.20%
MAGX:
-16.37%
Returns By Period
In the year-to-date period, YMAG achieves a -1.99% return, which is significantly higher than MAGX's -5.06% return.
YMAG
-1.99%
-3.68%
12.63%
25.95%
N/A
N/A
MAGX
-5.06%
-10.61%
30.97%
N/A
N/A
N/A
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YMAG vs. MAGX - Expense Ratio Comparison
YMAG has a 1.28% expense ratio, which is higher than MAGX's 0.95% expense ratio.
Risk-Adjusted Performance
YMAG vs. MAGX — Risk-Adjusted Performance Rank
YMAG
MAGX
YMAG vs. MAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) 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.
Not enough dataDividends
YMAG vs. MAGX - Dividend Comparison
YMAG's dividend yield for the trailing twelve months is around 42.52%, more than MAGX's 0.90% yield.
| TTM | 2024 | |
|---|---|---|
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs | 42.52% | 35.22% |
MAGX Roundhill Daily 2X Long Magnificent Seven ETF | 0.90% | 0.86% |
Drawdowns
YMAG vs. MAGX - Drawdown Comparison
The maximum YMAG drawdown since its inception was -14.27%, smaller than the maximum MAGX drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for YMAG and MAGX. For additional features, visit the drawdowns tool.
Volatility
YMAG vs. MAGX - Volatility Comparison
The current volatility for YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is 5.26%, while Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) has a volatility of 12.63%. This indicates that YMAG 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.