Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) Performance
MAGX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.8% since Dec 31, 2025
- 1 year
- +4.8% total return
- Since first price
- +132.6% since 2024
MAGX trailing returns vs SPY, QQQ, AGG
| Period | MAGX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.6% | −6.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +19.6% | +19.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.4% | +8.4% | +7.8% | +8.4% | −1.5% |
| YTD | +1.8% | +1.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.8% | +2.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionFeb 29, 2024 | +132.6% | +126.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MAGX vs SPY
From Feb 29, 2024: MAGX grew to $23,257, SPY to $15,447.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MAGX returns by calendar year
1 of 1 full years positive. Best 2025 (+26.2%), worst 2025 (+26.2%). 2026 is year to date.
MAGX annual returns table
| Year | MAGX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.8% | −32.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +26.2% | −51.6% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MAGX largest drawdowns
Now 11.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 17, 2024 | −54.2% | Apr 21, 2025 | Sep 12, 2025 | 4 months | 9 months |
| Oct 29, 2025 | −37.2% | Mar 30, 2026 | May 14, 2026 | 5 months | 6 months |
| Jul 10, 2024 | −34.5% | Aug 7, 2024 | Nov 7, 2024 | 28 days | 4 months |
| May 14, 2026 | −26.4% | Jun 25, 2026 | Sep 21, 2026 | 42 days | 4 months |
| Apr 11, 2024 | −17.5% | Apr 19, 2024 | May 15, 2024 | 8 days | 34 days |
| Oct 13, 2026 | −11.7% | Oct 23, 2026 | not yet | 10 days | 10 days so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MAGX risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +41.5% |
| Volatility (annualized) | 43.4% |
| Sharpe ratio | 0.92 |
| Sortino ratio | 1.64 |
| Best month | +29.4% |
| Worst month | −21.7% |
| Best 12 months | +88.2% |
| Worst 12 months | +11.0% |
| Positive months | 58% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MAGX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 21 | −2.8% | +26.2% | +88.2% | 95% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MAGX performance overview
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) returned +4.8% over the past year, with distributions reinvested. Since its first recorded price on Feb 29, 2024 it has returned +132.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −54.2%, from Dec 17, 2024 to Apr 21, 2025, and it took 5 months to get back to the old high. Volatility has been 43.4% a year.
Related: MAGX chart, MAGX dividends. See the MAGX overview for the latest quote and fund facts.
MAGX performance FAQ
What is the MAGX return over the past year?
MAGX returned +4.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 2.7%.
How much would $10,000 invested in MAGX be worth?
$10,000 invested in MAGX at its first recorded close on February 29, 2024 would be worth about $23,257 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of MAGX?
The largest peak-to-trough decline was −54.2% between December 17, 2024 and April 21, 2025. It recovered to the old high on September 12, 2025, 5 months after the bottom.
How volatile is MAGX?
Over the past history MAGX had an annualized volatility of 43.4% and a Sharpe ratio of 0.92 (excess return over 1–3 month T-bills per unit of risk).