VS

Correlation: 94%

What is MAGS?

MAGS was created on 2023-04-11 by Roundhill. The fund's investment portfolio concentrates primarily on theme equity. MAGS is an actively managed fund that offers highly concentrated exposure to the largest and most liquid leading technology stocks. The fund invests primarily through swaps and forwards.

What is QQQ?

QQQ was created on 1999-03-10 by Invesco. The fund's investment portfolio concentrates primarily on large cap equity. QQQ tracks a modified-market-cap-weighted index of 100 NASDAQ-listed stocks.

Key Details

MAGS
QQQ
Website
www.roundhillinvestments.com
www.invesco.com
Inception Date

Apr 11, 2023

Mar 10, 1999

Asset Class

Equity

Equity

Investment Segment

Theme

Large Cap

AUM
$1.58B
$265.01B
Dividend Yield
1.07%
0.71%
Expense Ratio
0.29%
0.20%
Return 1Y
2.95%
-4.51%

Holdings

Roundhill Magnificent Seven ETF - MAGS is made up of 9 holdings. Invesco QQQ Trust Series 1 - QQQ is made up of 101 holdings.

Name
Weight
7
7381396

NT United States Treasury Bills 0%

59.89%

M
METAMeta Platforms, Inc.

5.94%

M
MSFTMicrosoft Corp.

5.33%

N
NVDANVIDIA Corp.

5.1%

A
AMZNAmazon.com, Inc.

4.96%

A
AAPLApple, Inc.

4.86%

G
GOOGLAlphabet, Inc.

4.8%

T
TSLATesla, Inc.

1.72%

F
FGXXX

NT First American Government Obligs X

1.42%

Name
Weight
M
MSFTMicrosoft Corp.

8.38%

A
AAPLApple, Inc.

8.37%

N
NVDANVIDIA Corp.

7.59%

A
AMZNAmazon.com, Inc.

5.76%

A
AVGOBroadcom Inc.

3.94%

M
METAMeta Platforms, Inc.

3.53%

C
COSTCostco Wholesale Corp.

3.11%

N
NFLXNetflix, Inc.

2.87%

G
GOOGLAlphabet, Inc.

2.67%

T
TSLATesla, Inc.

2.63%

G
GOOGAlphabet, Inc.

2.54%

T
TMUST-Mobile US, Inc.

2.16%

C
CSCOCisco Systems, Inc.

1.64%

L
LINLinde Plc

1.52%

P
PEPPepsiCo, Inc.

1.48%

P
PLTRPalantir Technologies, Inc.

1.4%

I
ISRGIntuitive Surgical, Inc.

1.27%

I
INTUIntuit, Inc.

1.18%

A
AMGNAmgen, Inc.

1.14%

A
ADBEAdobe, Inc.

1.14%

Q
QCOMQUALCOMM, Inc.

1.08%

B
BKNGBooking Holdings, Inc.

1.06%

T
TXNTexas Instruments Incorporated

1.04%

A
AMDAdvanced Micro Devices, Inc.

1.01%

G
GILDGilead Sciences, Inc.

0.97%

C
CMCSAComcast Corp.

0.95%

V
VRTXVertex Pharmaceuticals, Inc.

0.92%

H
HONHoneywell International, Inc.

0.91%

A
ADPAutomatic Data Processing, Inc.

0.87%

A
AMATApplied Materials, Inc.

0.82%

Strategies that include

Double maintains 1 strategies that include QQQ - Invesco QQQ Trust Series 1.

Leveraged Tech

Stocks

High risk

$1,000

Leveraged Tech

This strategy allocates 70% to ProShares Ultra QQQ (QLD) for its 2x leveraged exposure to the Nasdaq-100. The additional leverage is a super-bullish bet on continued tech sector growth and innovation. The 30% Invesco QQQ (QQQ) provides core exposure to the tech sector while mitigating some of the risks associated with leveraged instruments.

Top Holdings

Bktd. Return

+20.06%

Expense Ratio

0.72%

Holdings

2

Create your own
strategy with

MAGS
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Stock Correlation

The stocks that are correlated to MAGS - Roundhill Magnificent Seven ETF are AMZN, MSFT, TSLA, GOOG, GOOGL

Name
Correlation
Market Cap
Return % (1 Year)
Div Yield %
A
AMZNAmazon.com, Inc.
78.68%$1.81T-8.08%0.00%
M
MSFTMicrosoft Corp.
76.17%$2.64T-16.82%0.89%
T
TSLATesla, Inc.
74.30%$713.62B+25.43%0.00%
G
GOOGAlphabet, Inc.
73.24%$1.79T-7.31%0.55%
G
GOOGLAlphabet, Inc.
72.71%$1.76T-7.60%0.55%
N
NVDANVIDIA Corp.
72.35%$2.35T+12.82%0.04%
M
METAMeta Platforms, Inc.
70.25%$1.29T-1.25%0.40%
Q
QCOMQUALCOMM, Inc.
68.20%$137.87B-29.00%2.70%
S
SNPSSynopsys, Inc.
67.86%$59.00B-32.94%0.00%
A
APHAmphenol Corp.
67.00%$72.79B+4.49%1.01%
L
LRCXLam Research Corp.
66.05%$77.34B-38.10%7.81%
M
MKSIMKS Instruments, Inc.
65.64%$3.96B-54.59%1.50%
R
RMBSRambus, Inc.
65.08%$4.61B-30.24%0.00%
A
ARMArm Holdings Plc
64.99%$90.45B-32.32%0.00%
K
KLACKLA Corp.
64.93%$79.67B-13.97%1.04%
M
MTSIMACOM Technology Solutions Holdings, Inc.
64.86%$6.52B-14.73%0.00%
E
ETNEaton Corp. Plc
64.73%$98.53B-19.87%1.54%
A
ANSSANSYS, Inc.
64.52%$24.97B-17.32%0.00%
E
ENTGEntegris, Inc.
64.49%$9.52B-54.78%0.62%
C
CDNSCadence Design Systems, Inc.
64.40%$63.54B-25.62%0.00%

The stocks that are correlated to QQQ - Invesco QQQ Trust Series 1 are LRCX, QCOM, SNPS, MKSI, KLAC

Name
Correlation
Market Cap
Return % (1 Year)
Div Yield %
L
LRCXLam Research Corp.
77.11%$77.34B-38.10%7.81%
Q
QCOMQUALCOMM, Inc.
76.87%$137.87B-29.00%2.70%
S
SNPSSynopsys, Inc.
76.75%$59.00B-32.94%0.00%
M
MKSIMKS Instruments, Inc.
76.31%$3.96B-54.59%1.50%
K
KLACKLA Corp.
76.20%$79.67B-13.97%1.04%
N
NVDANVIDIA Corp.
75.57%$2.35T+12.82%0.04%
A
AMZNAmazon.com, Inc.
75.33%$1.81T-8.08%0.00%
A
AMATApplied Materials, Inc.
75.20%$104.77B-38.71%1.23%
E
ENTGEntegris, Inc.
74.85%$9.52B-54.78%0.62%
M
MSFTMicrosoft Corp.
74.83%$2.64T-16.82%0.89%
A
APHAmphenol Corp.
74.76%$72.79B+4.49%1.01%
R
RMBSRambus, Inc.
74.11%$4.61B-30.24%0.00%
A
ANSSANSYS, Inc.
74.10%$24.97B-17.32%0.00%
C
CDNSCadence Design Systems, Inc.
72.93%$63.54B-25.62%0.00%
A
AEISAdvanced Energy Industries, Inc.
72.90%$3.02B-20.43%0.50%
A
ASXASE Technology Holding Co., Ltd.
72.28%$16.11B-33.21%4.51%
E
ETNEaton Corp. Plc
72.24%$98.53B-19.87%1.54%
M
MTSIMACOM Technology Solutions Holdings, Inc.
72.23%$6.52B-14.73%0.00%
A
ARMArm Holdings Plc
71.98%$90.45B-32.32%0.00%
M
MRVLMarvell Technology, Inc.
71.66%$43.33B-31.78%0.48%

ETF Correlation

The ETFs that are correlated to MAGS - Roundhill Magnificent Seven ETF are YMAG, IWY, MGK, VUG, IWF

Name
Correlation
AUM
Expense Ratio
Y
YMAGYieldMax Magnificent 7 Fund of Option Income ETFs
96.83%$270.94M1.12%
I
IWYiShares Russell Top 200 Growth ETF
95.60%$10.62B0.2%
M
MGKVanguard Mega Cap Growth ETF
95.44%$20.27B0.07%
V
VUGVanguard Growth ETF
95.18%$131.35B0.04%
I
IWFiShares Russell 1000 Growth ETF
95.11%$86.76B0.19%
V
VONGVanguard Russell 1000 Growth Index ETF
95.07%$22.19B0.07%
S
SCHGSchwab U.S. Large Cap Growth ETF
95.04%$31.70B0.04%
Q
QGRWWisdomTree U.S. Quality Growth Fund
94.89%$788.05M0.28%
O
ONEQFidelity Nasdaq Composite Index ETF
94.86%$6.08B0.21%
T
TCHPT. Rowe Price Blue Chip Growth ETF
94.65%$961.76M0.57%
I
ILCGiShares Morningstar Growth ETF
94.49%$1.99B0.04%
S
SPYGSPDR Portfolio S&P 500 Growth ETF
94.37%$27.35B0.04%
I
IVWiShares S&P 500 Growth ETF
94.36%$45.72B0.18%
X
XLGInvesco S&P 500 Top 50 ETF
94.35%$7.15B0.2%
T
TMFCMotley Fool 100 Index ETF
94.29%$1.06B0.5%
V
VOOGVanguard S&P 500 Growth ETF
94.24%$13.13B0.07%
I
IUSGiShares Core S&P U.S.Growth ETF
94.12%$17.68B0.04%
Q
QQQMTraded Fund Trust II Invesco NASDAQ 100 ETF
94.04%$36.07B0.15%
Q
QQQInvesco QQQ Trust Series 1
94.03%$265.01B0.2%
S
SPUSSP Funds S&P 500 Sharia Industry Exclusions ETF
93.38%$996.42M0.45%

The ETFs that are correlated to QQQ - Invesco QQQ Trust Series 1 are QQQM, QGRW, VONG, IWF, ONEQ

Name
Correlation
AUM
Expense Ratio
Q
QQQMTraded Fund Trust II Invesco NASDAQ 100 ETF
99.98%$36.07B0.15%
Q
QGRWWisdomTree U.S. Quality Growth Fund
98.91%$788.05M0.28%
V
VONGVanguard Russell 1000 Growth Index ETF
98.88%$22.19B0.07%
I
IWFiShares Russell 1000 Growth ETF
98.86%$86.76B0.19%
O
ONEQFidelity Nasdaq Composite Index ETF
98.81%$6.08B0.21%
S
SCHGSchwab U.S. Large Cap Growth ETF
98.77%$31.70B0.04%
I
IVWiShares S&P 500 Growth ETF
98.71%$45.72B0.18%
S
SPYGSPDR Portfolio S&P 500 Growth ETF
98.71%$27.35B0.04%
I
IUSGiShares Core S&P U.S.Growth ETF
98.65%$17.68B0.04%
I
ILCGiShares Morningstar Growth ETF
98.64%$1.99B0.04%
V
VOOGVanguard S&P 500 Growth ETF
98.61%$13.13B0.07%
V
VUGVanguard Growth ETF
98.55%$131.35B0.04%
I
IWYiShares Russell Top 200 Growth ETF
98.54%$10.62B0.2%
M
MGKVanguard Mega Cap Growth ETF
98.40%$20.27B0.07%
Q
QQQINEOS Nasdaq 100 High Income ETF
98.39%$1.09B0.68%
S
SPUSSP Funds S&P 500 Sharia Industry Exclusions ETF
98.30%$996.42M0.45%
Q
QDTERoundhill Innovation 100 0DTE Covered Call Strategy ETF
98.18%$621.90M0.95%
I
IGMiShares Expanded Tech Sector ETF
98.17%$4.71B0.41%
J
JGROTraded Fund Trust JPMorgan Active Growth ETF
98.17%$4.38B0.44%
X
XLGInvesco S&P 500 Top 50 ETF
98.01%$7.15B0.2%

Holding Overlap

MAGS - Roundhill Magnificent Seven ETF and QQQ - Invesco QQQ Trust Series 1 have a 7 holding overlap. Which accounts for a 28.2% overlap.

Number of overlapping holdings

7

% of overlapping holdings

28.16%

Name
Weight in MAGS
Weight in QQQ
M
METAMeta Platforms Inc - Ordinary Shares - Class A
5.94%3.53%
M
MSFTMicrosoft Corporation
5.33%8.38%
N
NVDANVIDIA Corp
5.10%7.59%
A
AMZNAmazon.com Inc.
4.96%5.76%
A
AAPLApple Inc
4.86%8.37%
G
GOOGLAlphabet Inc - Ordinary Shares - Class A
4.80%2.67%
T
TSLATesla Inc
1.72%2.63%

News

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After several years of solid growth, the global economy faces a new policy-driven shock. Click to read.

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Will High Tariffs Push The U.S. Into Recession?

SeekingAlpha

With the latest round of US tariff measures announced in early April, we’ve downgraded our US economic outlook.

SeekingAlpha

U.S.-China Trade Slows After Frontrunning Ends

SeekingAlpha

A global trade war could curtail economic activity. But there’s also inflation concerns from higher tariffs. The Fed has to choose between prioritizing inflation taming or supporting growth.

SeekingAlpha

Discover how inflation, tariffs, and fiscal policies shape the Fed's path amid debt refinancing, potential layoffs, and economic growth challenges.

SeekingAlpha

After several years of solid growth, the global economy faces a new policy-driven shock. Click to read.

SeekingAlpha

Will High Tariffs Push The U.S. Into Recession?

SeekingAlpha

With the latest round of US tariff measures announced in early April, we’ve downgraded our US economic outlook.

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Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.

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