MAGX vs VOO
Roundhill Daily 2X Long Magnificent Seven ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | MAGX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $49M | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 6 | 509 | |
| YTD Return | +1.90% | +14.48% | |
| 1Y Return | +14.31% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 44.1% | 14.2% | |
| Max Drawdown | -54.2% | -34.3% | |
| Fund Family | Roundhill Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 29, 2024 | Sep 7, 2010 |
MAGX vs VOO Performance
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is a ETF from Roundhill Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MAGX returned +14.31% while VOO returned +22.02%. Year to date, MAGX is up 1.90% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
MAGX has been the more volatile fund, with annualized monthly volatility of 44.1% compared with 14.2% for VOO. 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 -34.3% for VOO. 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
MAGX charges 0.95% per year while VOO charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, MAGX currently yields 0.00% against 1.09% for VOO.
Holdings Overlap
MAGX and VOO 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, MAGX or VOO?
MAGX has an expense ratio of 0.95% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, MAGX or VOO?
Over the past year MAGX returned +14.31% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), MAGX annualized +38.63% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, MAGX or VOO?
MAGX has been the more volatile fund at 44.1% annualized versus 14.2% for VOO. Worst drawdown: MAGX -54.2% vs VOO -34.3%.
Should I hold both MAGX and VOO?
MAGX and VOO 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 MAGX and VOO?
MAGX and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, MAGX or VOO?
MAGX yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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