MAGX vs VYM
Roundhill Daily 2X Long Magnificent Seven ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | MAGX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.04% | |
| AUM | $49M | $79.0B | |
| Dividend Yield | 0.00% | 2.86% | |
| Holdings | 6 | 568 | |
| YTD Return | +1.90% | +16.78% | |
| 1Y Return | +14.31% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 44.1% | 14.6% | |
| Max Drawdown | -54.2% | -58.8% | |
| Fund Family | Roundhill Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 29, 2024 | Nov 10, 2006 |
MAGX vs VYM Performance
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is a ETF from Roundhill Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year MAGX returned +14.31% while VYM returned +24.43%. Year to date, MAGX is up 1.90% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
MAGX has been the more volatile fund, with annualized monthly volatility of 44.1% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MAGX charges 0.95% per year while VYM charges 0.04%. On a $10,000 position that is $95 vs $4 annually, a gap of $91 per year that compounds over a long holding period. On income, MAGX currently yields 0.00% against 2.86% for VYM.
Holdings Overlap
MAGX and VYM share 0 holdings out of 560 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 VYM?
MAGX has an expense ratio of 0.95% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, MAGX or VYM?
Over the past year MAGX returned +14.31% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), MAGX annualized +38.63% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, MAGX or VYM?
MAGX has been the more volatile fund at 44.1% annualized versus 14.6% for VYM. Worst drawdown: MAGX -54.2% vs VYM -58.8%.
Should I hold both MAGX and VYM?
MAGX and VYM have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MAGX and VYM?
MAGX and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, MAGX or VYM?
MAGX yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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