Roundhill Magnificent Seven Covered Call ETF (MAGY) Alternatives
Roundhill Magnificent Seven Covered Call ETF (MAGY) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MAGY. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to MAGY
MAGY charges 0.99% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among MAGY alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| iShares S&P 500 BuyWrite ETF | 0.25% | Mar 14, 2024 | MAGY vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | Sep 5, 2024 | MAGY vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | Apr 9, 2024 | MAGY vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | Oct 16, 2023 | MAGY vs PAPI | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | Dec 20, 2007 | MAGY vs PBP |
Best Risk-Adjusted Alternatives to MAGY
Among ETFs in the Derivative Income category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| YieldMax GOOGL Option Income Strategy ETF | 97 | Jul 27, 2023 | MAGY vs GOOY | |
| YieldMax TSM Option Income Strategy ETF | 96 | Aug 20, 2024 | MAGY vs TSMY | |
| Kurv Yield Premium Strategy Google ETF | 92 | Oct 30, 2023 | MAGY vs GOOP | |
| Amplify CWP Enhanced Dividend Income ETF | 80 | Dec 13, 2016 | MAGY vs DIVO | |
| Defiance Oil Enhanced Options Income ETF | 80 | May 9, 2024 | MAGY vs USOY |
Top Performing MAGY Alternatives (YTD)
MAGY alternatives from the Derivative Income category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Defiance Oil Enhanced Options Income ETF | 60.22% | May 9, 2024 | MAGY vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 57.12% | Oct 23, 2023 | MAGY vs MRNY | |
| YieldMax XOM Option Income Strategy ETF | 28.99% | Aug 30, 2023 | MAGY vs XOMO | |
| YieldMax Short TSLA Option Income Strategy ETF | 20.49% | May 1, 2024 | MAGY vs CRSH | |
| Roundhill COST WeeklyPay ETF | 17.20% | Oct 23, 2025 | MAGY vs COSW |
Lowest Volatility Alternatives to MAGY
MAGY alternatives from the Derivative Income category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | Dec 24, 2018 | MAGY vs IPDP | |
| Global X NASDAQ 100 ESG Covered Call ETF | 0.00% | Feb 21, 2023 | MAGY vs QYLE | |
| FT Vest Investment Grade & Target Income ETF | 6.23% | Feb 11, 2025 | MAGY vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 6.88% | Aug 25, 2021 | MAGY vs XRMI | |
| Global X NASDAQ 100 Risk Managed Income ETF | 7.74% | Aug 25, 2021 | MAGY vs QRMI |
Lowest Drawdown Alternatives to MAGY
MAGY alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| FT Vest Investment Grade & Target Income ETF | -3.41% | Feb 11, 2025 | MAGY vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | -5.02% | Aug 25, 2021 | MAGY vs XRMI | |
| Global X NASDAQ 100 Risk Managed Income ETF | -5.04% | Aug 25, 2021 | MAGY vs QRMI | |
| Kensington Hedged Premium Income ETF | -6.55% | Sep 4, 2024 | MAGY vs KHPI | |
| T. Rowe Price Capital Appreciation Premium Income ... | -7.24% | Mar 26, 2025 | MAGY vs TCAL |
Other ETFs from Roundhill
Most popular Roundhill ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Roundhill Magnificent Seven ETF | Technology Equities | 62 | -12.16% | Apr 10, 2023 | MAGY vs MAGS | |
| Roundhill ETF Trust - Roundhill N-100 0DTE Covered... | Large Cap Blend Equities | 60 | -5.34% | Mar 6, 2024 | MAGY vs QDTE | |
| Roundhill S&P 500 0DTE Covered Call Strategy ETF | Derivative Income, S&P 500 | 48 | -3.43% | Mar 7, 2024 | MAGY vs XDTE | |
| Roundhill Bitcoin Covered Call Strategy ETF | Cryptocurrency | 7 | -18.34% | Jan 17, 2024 | MAGY vs YBTC | |
| Roundhill Generative AI & Technology ETF | Technology Equities | 95 | 4.90% | May 17, 2023 | MAGY vs CHAT | |
| Roundhill Daily 2X Long Magnificent Seven ETF | Leveraged Equities, Leveraged | 45 | -25.26% | Feb 28, 2024 | MAGY vs MAGX | |
| Roundhill WeeklyPay™ Universe ETF | Derivative Income | — | -10.65% | Sep 3, 2025 | MAGY vs WPAY | |
| PLTR WeeklyPay™ ETF | Derivative Income | 61 | -22.36% | Feb 18, 2025 | MAGY vs PLTW | |
| Roundhill Small Cap 0DTE Covered Call Strategy ETF | Derivative Income | 50 | 0.31% | Sep 9, 2024 | MAGY vs RDTE | |
| Roundhill HOOD WeeklyPay ETF | Leveraged Equities, Derivative Income | — | -45.24% | Jun 18, 2025 | MAGY vs HOOW |
Often Compared With MAGY
What investors most often compare with MAGY, based on PortfoliosLab usage data.
Compare MAGY with Any Fund or Stock
Compare MAGY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.