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Launched · SEC filings

Roundhill Daily 2X Long Magnificent Seven ETF

MAGXCboeBThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$65.72+0.42 (+0.64%)

As of Oct 13, 2026, 3:58 PM

B61/ 100

Rank 8 of 99 in Leveraged Long (2x & Other)

B61/100Rank 8 of 99inLeveraged Long (2x & Other)
Intraday session: up, 55 prints from 65.30 to 65.72. Range 65.30 to 66.57. Use the arrow keys to read each point.65.5066.0066.2566.5010 AM12 PM2 PM4 PM
Expense ratio
0.96%
Fund size
$70M
1Y total return
+26.9%
Yield · Last 12 months
1.79%
Holdings
5
Avg volume · 30D
0.1M sh
NAV per share
$64.88
52W range
low $38.72high $65.89
Launched
Filings
SEC EDGAR

The ETF.net MAGX Grade

Based on 5 of 6 pillars

B

Score 61 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
8 of 99
Six-pillar profile for MAGX. Scores out of 100: Cost 65, Risk 49, Mission 81, Tradability 69, Holdings not scored, Durability 60. Strongest: Mission (81). Weakest: Risk (49). Based on 5 of 6 pillars.

Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B65 out of 100
    Rank 30 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A81 out of 100
    Rank 5 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 54 of 96

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B69 out of 100
    Rank 20 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B60 out of 100
    Rank 38 of 99

Our read on MAGX

ETF.net Research

BMost leveraged funds gear up a broad index. MAGX aims for two times the daily move of a single seven-stock basket, the Magnificent Seven megacaps, reset every trading day.

Stated mandate

The Fund seeks daily leveraged results equal to two times the performance of the Roundhill Magnificent Seven ETF over a single trading day.

Why people hold it

  1. 01The reference is not a 500-stock index. It targets 2x the daily move of Roundhill's Magnificent Seven basket (MAGS), so the megacap trade arrives undiluted.roundhillinvestments.com
  2. 020.96% a year undercuts the typical daily leveraged bull fund and lands right alongside long-running geared products like QLD, DDM and UDOW.
  3. 03It tracks its stated 2x daily objective closely, one of the stronger implementations in the daily leveraged bull group.

Worth knowing

  1. 01The 2x applies to one session, then resets. Over longer holds, choppy markets can leave results well short of twice the period's move.roundhillinvestments.com
  2. 02Seven stocks, doubled. Single-name news and tech-cycle swings hit at double speed in both directions, and drawdowns run deep.
  3. 03Launched in 2024, so its record covers fewer market cycles than decade-old geared funds, and it trades moderately rather than like the category's most active names.

MAGX Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
5
Top-10 weight
251%
Largest holding
53656G498 TRS 103026 GS109.7%

Sectors

  • Financials100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
00153656G498 TRS 103026 GSRoundhill Magnificent Seven Swap109.74%1,054,576$78M1
00253656G498 TRS 062327 NMRoundhill Magnificent Seven Swap60.71%583,438$43M1
003912797VA2United States Treasury Bill 12/03/202647.56%34,000,000$34M50
004MAGSRoundhill Magnificent Seven ETF29.12%279,823$21M8
005FGXXXFirst American Government Obligations Fund 12/01/20314.17%2,964,036$3M87

Showing 1–5 of 5 holdings

MAGX Performance

Launched Feb 29, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
MAGX$12,686
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. MAGX $12,686. SPY $12,044. Use the arrow keys to read each point.$7,231$10,160$13,090Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MAGX. Periods over one year show the average yearly return.
PeriodMAGX
Year to date+14.2%
1 month+11.2%
3 months+16.2%
1 year+26.9%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MAGX
YearReturn barMAGX
2026 YTD+14.2%
2025+26.2%
2024+81.2%

Since listing, Feb 29, 2024

MAGX in the news

Filtered to MAGX · Leveraged Long (2x & Other)

MAGX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
1.79%Last 12 months
Payout per share
$1.17Last 12 months
Last payment
$1.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 30, 2024 $0.40; Dec 30, 2025 $1.17. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$1.17
Dec 30, 2024Dec 31, 2024$0.40

MAGX Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
43.4%
Annualised · 31 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.92
vs 3-month T-bills · 31 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−54.2%
31 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.96
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MAGX Cost

Expense ratio0.96%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 1.00%

39 of the 95 Leveraged Long (2x & Other) funds charge less.

MAGX costs $96.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $100.00.

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