MAGX vs SCHD
Roundhill Daily 2X Long Magnificent Seven ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | MAGX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $49M | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 6 | 104 | |
| YTD Return | -0.54% | +25.58% | |
| 1Y Return | +10.76% | +31.06% | |
| 3Y Return (annualized) | - | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 44.0% | 13.6% | |
| Max Drawdown | -54.2% | -33.4% | |
| Fund Family | Roundhill Investments | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Feb 29, 2024 | Oct 20, 2011 |
MAGX vs SCHD Performance
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is a ETF from Roundhill Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MAGX returned +10.76% while SCHD returned +31.06%. Year to date, MAGX is down 0.54% versus a gain of 25.58% for SCHD.
Risk: Volatility and Drawdowns
MAGX has been the more volatile fund, with annualized monthly volatility of 44.0% compared with 13.6% for SCHD. 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 -54.2% for MAGX and -33.4% for SCHD. 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 0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MAGX charges 0.95% per year while SCHD charges 0.06%. On a $10,000 position that is $95 vs $6 annually, a gap of $89 per year that compounds over a long holding period. On income, MAGX currently yields 0.00% against 3.31% for SCHD.
Holdings Overlap
MAGX and SCHD share 0 holdings out of 102 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, MAGX or SCHD?
MAGX has an expense ratio of 0.95% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, MAGX or SCHD?
Over the past year MAGX returned +10.76% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), MAGX annualized +37.31% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, MAGX or SCHD?
MAGX has been the more volatile fund at 44.0% annualized versus 13.6% for SCHD. Worst drawdown: MAGX -54.2% vs SCHD -33.4%.
Should I hold both MAGX and SCHD?
MAGX and SCHD have a monthly-return correlation of 0.07, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MAGX and SCHD?
MAGX and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, MAGX or SCHD?
MAGX yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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