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Beacon

MAGXRoundhill Daily 2X Long Magnificent Seven ETF

Take a bet2y track recordRanked #318 of 949 in this goal

Seeks daily investment results of two times (2X) the daily performance of the Magnificent Seven ETF.

By Roundhill Investments · Launched 2024

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$48M

#3,684 of 5,861 · mid-size

Return (1Y)Goal

+17.2%

Track Record

2 years

#3,367 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,476+14.8%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Sector

Information technology

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

TREASURY BILL
63.8%
Roundhill Magnificent Seven ET
32.5%
First American Government Obli
12.6%
N/A
3.7%
Mount Vernon Liquid Assets Portfolio, LLC
1.5%
N/A
-14.1%

Asset allocation

Other
152.3%
Stocks
42.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
44.8%High

Year-on-year price swings

Max drawdown
-54.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks daily investment results of two times (2X) the daily performance of the Magnificent Seven ETF.
Strategy
Seeks daily leveraged investment results corresponding to 2X the performance of the Magnificent Seven ETF over a single trading day. Concentrates investments in the information technology sector and utilizes derivatives for exposure.
Inception date
February 28, 2024
Fund family
Roundhill Investments

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04