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MAGX

GradeBChicago Board Options Exchange

Roundhill Daily 2X Long Magnificent Seven ETF

Leveraged · Leveraged & Inverse · Roundhill Investments · Inception 2024-02-29

This 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.

$62.41−0.90 (−1.42%)

As of Sep 23, 2026, 2:57 PM EDT

History starts Feb 29, 2024.
Intraday session: down, 51 prints from 63.31 to 62.41. Range 62.00 to 63.66. Use the arrow keys to read each point.$62.00$63.00$63.5010 AM12 PM2 PM4 PM
Expense ratio
0.96%
Fund size
$68M
1Y return
+11.4%
Yield · Last 12 months
1.85%
Holdings
5
Volume · 30D
0.1M sh
NAV per share
$63.09
52W range
low $38.72high $64.28

The ETF.net MAGX Grade

B

58/ 100

Rank 12 of 99 in Leveraged Long (2x & Other)⁠

Confidence High

Six-pillar profile for MAGX. Scores out of 100: Cost 65, Risk 45, Mission 80, Tradability 61, Holdings not scored, Durability 60. Strongest: Mission (80). Weakest: Risk (45). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 58 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 65
    Category rank34/99 · top 34%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 80
    Category rank5/10 · top 50%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 45
    Category rank56/94 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 61
    Category rank31/99 · top 31%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank38/99 · top 38%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 20, 2026, 5:42 AM
Asset class
Stocks
Holdings
5
Top-10 weight
257%
Largest holding
53656G498 TRS 103026 GS115.5%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
00153656G498 TRS 103026 GSROUNDHILL MAGNIFICENT SEVEN SWAP115.52%1,054,576$74M1
002912797UJ4United States Treasury Bill 10/08/202654.32%35,000,000$35M56
00353656G498 TRS 062327 NMROUNDHILL MAGNIFICENT SEVEN SWAP53.80%491,104$35M1
004MAGSRoundhill Magnificent Seven ETF30.65%279,823$20M6
005FGXXXFirst American Government Obligations Fund 12/01/20312.95%1,898,089$2M86

Showing 1–5 of 5 holdings

MAGX Performance

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

MAGX$11,141
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. MAGX $11,141. SPY $11,723. Use the arrow keys to read each point.$6,492$9,322$12,152Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+10.5%
1 month+15.6%
3 months+24.5%
1 year+11.4%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+10.5%
2025+26.2%
2024+81.2%

Since listing, Feb 29, 2024

MAGX in the news

ETF.net Research hasn’t filed on MAGX yet — coverage lands here as it’s written.

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 Sep 22, 2026.
1.85%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.
44.0%
Annualised · 30 months to Aug 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.
0.87
vs 3-month T-bills · 30 months to Aug 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%
30 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.
3.01
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 0.99%

39 of the 93 Leveraged Long (2x & Other) funds charge less.

MAGX costs $96.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $99.00.