IVV vs MAGX
iShares Core S&P 500 ETF vs Roundhill Daily 2X Long Magnificent Seven ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | MAGX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $907.0B | $64M | |
| Dividend Yield | 1.10% | 1.59% | |
| Holdings | 508 | 6 | |
| YTD Return | +12.71% | -2.06% | |
| 1Y Return | +21.89% | +17.91% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 44.0% | |
| Max Drawdown | -56.5% | -54.2% | |
| Fund Family | iShares by BlackRock (US) | Roundhill Investments | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Feb 29, 2024 |
IVV vs MAGX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is a ETF from Roundhill Investments. Over the past year IVV returned +21.89% while MAGX returned +17.91%. Year to date, IVV is up 12.71% versus a loss of 2.06% for MAGX.
Risk: Volatility and Drawdowns
MAGX has been the more volatile fund, with annualized monthly volatility of 44.0% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -54.2% for MAGX. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MAGX charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.59% for MAGX.
Holdings Overlap
IVV and MAGX share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or MAGX?
IVV has an expense ratio of 0.03% while MAGX charges 0.95%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, IVV or MAGX?
Over the past year IVV returned +21.89% vs +17.91% for MAGX, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.00% vs +36.03% for MAGX. Past performance does not guarantee future results.
Which is riskier, IVV or MAGX?
MAGX has been the more volatile fund at 44.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MAGX -54.2%.
Should I hold both IVV and MAGX?
IVV and MAGX have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MAGX?
IVV and MAGX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or MAGX?
IVV yields 1.10% while MAGX yields 1.59%, so MAGX currently pays the higher dividend yield.
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