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Launched · SEC filings

Roundhill Daily 2X Long Magnificent Seven ETF

MAGXCboeRoundhill InvestmentsCThis 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.

$54.83−0.62 (−1.12%)

At close: Nov 2, 2026, 4:00 PM ET

C54/ 100

Rank 22 of 99 in Leveraged Long (2x & Other)

C54/100Rank 22 of 99inLeveraged Long (2x & Other)
Intraday session: down, 79 prints from 55.45 to 54.83. Range 54.83 to 57.77. Use the arrow keys to read each point.56.0056.5057.0057.5010 AM12 PM2 PM4 PM
Expense ratio
0.95%*
Fund size
$63M
1Y total return
−7.4%
Yield · Last 12 months
2.11%
Holdings
4
Avg volume · 30D
57.1K sh
52W range
low $38.72high $66.62
Launched
Filings
SEC EDGAR

*After a fee waiver that ends May 1, 2027. Without it: 0.98%.

The ETF.net MAGX Grade

C

Score 54 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
22 of 99
Six-pillar profile for MAGX. Scores out of 100: Cost 51, Risk 44, Mission 83, Tradability 70, Holdings 44, Durability 60. Strongest: Mission (83). Weakest: Holdings (44). Leans toward Mission.

Score 54 of 100 falls in the C 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.
    C51 out of 100
    Rank 32 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A83 out of 100
    Rank 6 of 13

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 58 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A70 out of 100
    Rank 19 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 17 of 27

  • 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 37 of 99

Our read on MAGX

ETF.net Research

In short

CMost leveraged funds amplify a broad index. MAGX amplifies seven stocks, aiming for two times the daily move of Roundhill's own equal-weight Magnificent Seven fund, at 0.95% net of a waiver through May 1, 2027.

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

  • A scalpel, not a shovel. The reference basket is seven mega caps held at equal weight and rebalanced quarterly, not the broad benchmarks behind leveraged peers like ROM and QLD.roundhillinvestments.com
  • 0.95% a year, net of a waiver through May 1, 2027, lands near the leveraged-bull median and level with DDM. QLD is cheaper at 0.89% net of a waiver through September 30, 2027.
  • Exposure runs through total return swaps plus Mag 7 ETF shares inside a 1940 Act fund, and it has hit its stated 2x daily mark closely for a daily-reset product.roundhillinvestments.com
  • Listed in 2024 as the geared sibling of the fund Roundhill bills as the first ETF built on the Magnificent Seven, so basket and leverage live under one roof.roundhillinvestments.com

Worth knowing

  • The 2x resets every day. Over longer holds returns compound, and the filings note a choppy, flat stretch in the basket can still leave the fund down.sec.gov
  • Leverage on seven names runs hot: the prospectus states an investor could lose the full principal in one day if the basket falls more than 50%.roundhillinvestments.com
  • Roundhill frames it as a short-term trading tool for sophisticated market participants, not a set-and-forget holding.roundhillinvestments.com

MAGX Holdings

Holdings pillarC44 out of 100Rank 17 of 27 in Leveraged Long (2x & Other)
Asset class
Stocks
Holdings
4
Top-10 weight
262%
Largest holding
Roundhill Magnificent Seven Swap168.8%

Geography

  • United States99.89%
  • Switzerland0.06%
  • China0.02%
  • Mexico0.01%
  • Ireland0.01%
  • United Kingdom0.01%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataRoundhill Magnificent Seven Swap168.79%1,545,126$106M1
2912797VA2United States Treasury Bill 12/03/202654.05%34,000,000$33.9M53
3MAGSRoundhill Magnificent Seven ETF30.57%279,823$19.2M8
4FGXXXFirst American Government Obligations Fund 12/01/20319.06%5,680,399$5.68M86

Showing 1–4 of 4 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$9,264
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MAGX $9,264. SPY $11,199. Use the arrow keys to read each point.$8,000$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−3.0%
1 month−9.6%
3 months+4.7%
1 year−7.4%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−3.0%
2025+26.2%
2024+81.2%

Since listing, Feb 29, 2024

MAGX in the news

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 30, 2026.
2.11%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

$10,000 in MAGX 1 year ago paid $192 in dividends.

MAGX Risk

Risk pillarC44 out of 100Rank 58 of 98 in Leveraged Long (2x & Other)

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 · 32 months to Oct 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.
0.80
vs 3-month T-bills · 32 months to Oct 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%
32 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.

FMP measures it over up to five years of monthly returns.

MAGX Cost

Compare MAGX and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$13,714

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MAGX 0.95%

    $17,869

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • MAGX 0.95%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MAGX $17,869WX $4,155

Year by year

YearMAGXWXOverpaying
10$1,678$365$1,313
20$6,322$1,421$4,901
30$17,869$4,155$13,714
How the 0.95% is worked out

Full fee 0.98%− waiver 0.03%= you pay 0.95%

The waiver ends May 1, 2027. After that the fee is 0.98% unless Roundhill Investments renews it. Source: prospectus, Apr 2026.

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