# MAGX (Roundhill Daily 2X Long Magnificent Seven ETF)

Roundhill · Leveraged ETFs · data as of Sep 11, 2026

MAGX aims to return +2 times Magnificent Seven's move each day, then resets. Over one day it does that.

## Key facts

- MAGX, net assets: $48m (source, as filed for Jun 30, 2026).
- MAGX, expense ratio: 0.95% (485BPOS XBRL, Apr 30, 2026).
- MAGX, underlying: Magnificent Seven (no investable tracker), as of Sep 11, 2026.
- MAGX, sets out to return: +2 times the daily move of Magnificent Seven, reset daily, as of Sep 11, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of Magnificent Seven, reset daily | ETFIQ |
| Underlying | Magnificent Seven (no investable tracker) | ETFIQ |
| Segment | sector or country, theme | ETFIQ |
| Net assets | $48m | source, as filed for Jun 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Feb 29, 2024 | ETFIQ |

## Questions

### Why does MAGX not return +2 times over a year?

Because it resets daily. MAGX aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, MAGX, data as of Sep 11, 2026. https://etfiq.com/funds/MAGX
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/MAGX  ·  JSON: https://etfiq.com/funds/MAGX.json