MAGX vs SPY
Roundhill Daily 2X Long Magnificent Seven ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MAGX or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. MAGX led over the full window, SPY over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MAGX | SPY |
|---|---|---|
| Expense Ratio | 0.95% | 0.09%Best |
| AUM | $62M | $804.7B |
| Dividend Yield | 1.48% | 0.98% |
| Holdings | 6 | 505 |
| YTD Return | +6.76% | +12.09%Best |
| 1Y Return | +7.12% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 43.4% | 12.0%Best |
| Max Drawdown | -54.2% | -18.8%Best |
| $10,000 over 2.6 years | $23,723Best | $15,572 |
| Fund Family | Roundhill Investments | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Feb 29, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Feb 29, 2024 to Sep 18, 2026 (2.6 years).
MAGX vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
MAGX vs SPY Performance
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is an ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MAGX returned +7.12% while SPY returned +16.29%. Year to date, MAGX is up 6.76% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MAGX has been the more volatile fund, with annualized monthly volatility of 43.4% compared with 12.0% for SPY. 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
MAGX charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, MAGX currently yields 1.48% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 2 holdings in MAGX and 504 in SPY, totalling 36.3% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in MAGX and 504 in SPY, against full books of 6 and 505.
You are not choosing between two funds in isolation.
Whichever of MAGX and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MAGX or SPY?
MAGX has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, MAGX or SPY?
Over the past year MAGX returned +7.12% vs +16.29% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MAGX or SPY?
MAGX has been the more volatile fund at 43.4% annualized versus 12.0% for SPY. Worst drawdown: MAGX -54.2% vs SPY -18.8%.
Should I hold both MAGX and SPY?
MAGX and SPY have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MAGX or SPY?
MAGX yields 1.48% while SPY yields 0.98%, so MAGX currently pays the higher dividend yield.
Is SPY better than MAGX?
SPY has a lower expense ratio. MAGX led over the full window, SPY over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.