Key stats
About Roundhill Daily 2X Long Magnificent Seven ETF
Expense ratio
0.95%
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Inception date
Feb 29, 2024
MAGX aims for bullish bets on the Roundhill Magnificent Seven ETF (MAGS) through swap agreements. The objective is to obtain daily inverse leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to adjust to MAGS's daily price movements. As a geared product, the fund is considered a short-term tactical tool rather than a long-term investment vehicle. Returns may deviate from the expected 2x multiple if held for longer than a single day due to compounding. This high-risk strategy does not include defensive positions in its overall process. The fund could potentially lose money over time, even if MAGS's performance weakens. MAGS's strategy targets a narrow portfolio of 5-10 stocks, publicly known as tech giants. The exposure attempts to capture the largest companies in the following industries: social media, e-commerce, consumer discretionary, cloud computing, tech hardware, and software.
Classification
What's in the fund
Exposure type
Government
ETF
Mutual fund
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.