CNBC reported that the average rolling 60-day correlation of daily returns for the 21 unique pairs among the "Magnificent Seven" stocks (Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla) recently fell to its lowest level in over a decade. This breakdown challenges investors to pick individual winners and losers rather than viewing the group as a single trade, as their varying exposures to AI and independent fundamental growth drivers lead to divergent performances. The Roundhill Magnificent Seven ETF is up 7% year-to-date, trailing the S&P 500's 12% gain, with Tesla and Meta down in 2026, while Apple leads the cohort with a 28% gain.