MAGXRoundhill Daily 2X Long Magnificent Seven ETF
Seeks daily investment results of 200% of the daily performance of the Magnificent Seven ETF.
By Roundhill Investments · Launched 2024
0.95%
#4,684 of 5,562 · expensive
$80M
#3,148 of 5,562 · mid-size
+36.5%
2 years
#3,453 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 6 holdings = 100.7% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks daily investment results of 200% of the daily performance of the Magnificent Seven ETF.
- Strategy
- Invests directly in shares of the Magnificent Seven ETF and uses derivatives like swaps and futures for 2x daily exposure. Rebalances daily to maintain target exposure, focusing on the information technology sector.
- Inception date
- February 28, 2024
- Fund family
- Roundhill Investments
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
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 2026-06-19