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MAGX vs ROM

Roundhill Daily 2X Long Magnificent Seven ETF

MAGXCCboe

ProShares Ultra Technology

ROMANYSE Arca

Overlap

Expense ratio

ROM −0.02pt a year

MAGX0.95%ROM0.93%

Avg volume · 30D

MAGX 1.2×the volume

MAGX57.1KROM47.7K

MAGX vs ROM Performance

Oct 31, 2025 – Oct 30, 2026

−7.4%MAGX+26.5%ROM

Oct 31, 2025 to Oct 30, 2026. MAGX −7.4%. ROM +26.5%. Use the arrow keys to read each point.−40%−20%40%60%Oct 2025Apr 2026Oct 2026
Expense ratio
MAGX 0.95%
ROM 0.93%, better
Fund size
MAGX $63M
ROM $1.15B
1Y total return
MAGX −7.4%
ROM +26.5%, better
Yield (12M)
MAGX 2.11%, better
ROM 0.03%
Holdings
MAGX 4
ROM 85
Avg volume (30D)
MAGX 57.1K sh, better
ROM 47.7K sh
NAV per share
MAGX $55.51
ROM $132.18
52W range

ETF.net Grade

MAGX: Cost 51, Risk 44, Mission 83, Tradability 70, Holdings 44, Durability 60. ROM: Cost 70, Risk 56, Mission not scored, Tradability 88, Holdings not scored, Durability 81.
Pillar letters and Scores for MAGX, ROM, with each pillar’s weight
PillarMAGXROM
Cost30% weightC51A70Higher
Mission25% weightA83Not scored
Risk15% weightC44B56Higher
Tradability15% weightA70A88Higher
Holdings10% weightC44Not scored
Durability5% weightB60A81Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MAGX and ROM are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

ROM ranks 3rd and MAGX 22nd of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 71
  4. Rank 4BDDMProShares Ultra Dow30Score 69
  5. Rank 20BYCLProShares Ultra YenScore 55
  6. Rank 22CMAGXRoundhill Daily 2X Long Magnificent Seven ETFScore 54
  7. Rank 22CSAAProShares Ultra SmallCap600Score 54

Our read on each fund

ETF.net Research

MAGXCRoundhill Daily 2X Long Magnificent Seven ETF

ROMAProShares Ultra Technology

In short

MAGX Most 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.

ROM The original 2x tech trade. Since 2007, ROM has aimed at twice the daily move of the S&P 500's technology sector: a double dose in a category now stacked with triples.

Stated mandate

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

ROM ROM seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the S&P Technology Select Sector SM Index.

Why people hold it

  • MAGX 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
  • ROM Two times, not three. A 2x daily target means smaller swings and less compounding drag than a 3x fund chasing the same sector.sec.gov
  • Live since January 2007, so it has run through the 2008 crash and the full tech cycle since. Long mileage is rare in geared funds.
  • 0.93% a year, flat, with no waiver propping it up. Peer QLD runs 0.89%, but only net of a waiver through September 30, 2027.
  • One of the strongest implementations in the leveraged-bull pack, from an issuer that has run geared funds since the category's early days.proshares.com

Worth knowing

  • MAGX 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
  • ROM The 2x target resets at each close, so results over weeks or months depend on the path the sector takes, not just where it ends up.sec.govproshares.com
  • Trades thinner than the category's headline names, so spreads and limit orders matter, especially in size.
  • About 80 tech names from the S&P 500. That is one concentrated sector bet, doubled, in both directions.

Full MAGX profile⁠

Full ROM profile⁠

MAGX vs ROM Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MAGX vs ROM Cost

Overpaying MAGX vs ROM

$330

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

  • MAGX 0.95%

    $17,869

  • ROM 0.93%

    $17,539

$10,000
30 years

Cost over time

  • MAGX 0.95%
  • ROM 0.93%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MAGX $17,869ROM $17,539

Year by year

YearMAGXROMOverpaying
10$1,678$1,644$34
20$6,322$6,199$123
30$17,869$17,539$330

Expense ratio

  • 0.95%MAGX
  • 0.93%ROM, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

ROM 29th cheapest of 95 funds

MAGX 32nd cheapest of 95 funds

MAGX vs ROM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MAGX 2.11%, better
ROM 0.03%
Payout (12M)
MAGX $1.17
ROM $0.04
Last payment
MAGX $1.17
ROM $0.02
Ex-dividend
MAGX Dec 30, 2025
ROM Mar 25, 2026
Paid on
MAGX Dec 31, 2025
ROM Mar 31, 2026
Frequency
MAGX Irregular
ROM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

MAGXIrregular · 2 paymentsAll MAGX payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Dec 30, 2024 $0.40; Dec 30, 2025 $1.17. Use the arrow keys to read each point.$0$12017202020232026YTD
ROMQuarterly · 19 paymentsAll ROM payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0015; Dec 26, 2017 $0.0075; Mar 21, 2018 $0.0064; Jun 20, 2018 $0.006; Dec 26, 2018 $0.02; Mar 20, 2019 $0.01; Jun 25, 2019 $0.0043; Dec 24, 2019 $0.01; Mar 25, 2020 $0.02; Dec 20, 2023 $0.0042; Mar 20, 2024 $0.01; Jun 26, 2024 $0.04; Sep 25, 2024 $0.06; Dec 23, 2024 $0.03; Mar 26, 2025 $0.02; Jun 25, 2025 $0.14; Sep 24, 2025 $0.05; Dec 24, 2025 $0.02; Mar 25, 2026 $0.02. Use the arrow keys to read each point.$0$12017202020232026YTD

MAGX vs ROM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MAGX 43.4%since Mar 2024ROM 49.3%
Return per unit of riskSharpe ratio, 3 years
MAGX 0.80since Mar 2024ROM 0.97
Worst fallMax drawdown, 5 years
MAGX −54.2%since Feb 2024ROM −67.6%
Market sensitivityBeta, 5 years
MAGX 2.96ROM 3.09

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