MAGC vs QQQ
Roundhill China Magnificent Seven ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | MAGC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.18% | |
| AUM | $14M | $496.3B | |
| Dividend Yield | 4.71% | 0.44% | |
| Holdings | 17 | 108 | |
| YTD Return | -19.32% | +16.64% | |
| 1Y Return | -22.41% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 28.2% | 30.6% | |
| Max Drawdown | -44.3% | -83.0% | |
| Fund Family | Roundhill Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 3, 2024 | Mar 10, 1999 |
MAGC vs QQQ Performance
Roundhill China Magnificent Seven ETF (MAGC) is a ETF from Roundhill Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MAGC returned -22.41% while QQQ returned +27.27%. Year to date, MAGC is down 19.32% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 28.2% for MAGC. 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 -44.3% for MAGC and -83.0% for QQQ. 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 -0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MAGC charges 0.60% per year while QQQ charges 0.18%. On a $10,000 position that is $60 vs $18 annually, a gap of $42 per year that compounds over a long holding period. On income, MAGC currently yields 4.71% against 0.44% for QQQ.
Holdings Overlap
MAGC and QQQ share 1 holdings out of 108 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MAGC | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IE | 5.83% | 0.27% | 5.56% |
Frequently Asked Questions
Which is cheaper, MAGC or QQQ?
MAGC has an expense ratio of 0.60% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, MAGC or QQQ?
Over the past year MAGC returned -22.41% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), MAGC annualized -11.41% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, MAGC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 28.2% for MAGC. Worst drawdown: MAGC -44.3% vs QQQ -83.0%.
Should I hold both MAGC and QQQ?
MAGC and QQQ have a monthly-return correlation of -0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MAGC and QQQ?
MAGC and QQQ share 1 common holdings with a 0.3% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, MAGC or QQQ?
MAGC yields 4.71% while QQQ yields 0.44%, so MAGC currently pays the higher dividend yield.
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