GDXW vs. MAGY

Last updated Jun 4, 2026

GDXW (Roundhill Gold Miners Weeklypay ETF) and MAGY (Roundhill Magnificent Seven Covered Call ETF) are both exchange-traded funds - GDXW is a Gold fund actively managed by Roundhill, while MAGY is a Derivative Income fund actively managed by Roundhill. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GDXW vs. MAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold Miners Weeklypay ETF (GDXW) and Roundhill Magnificent Seven Covered Call ETF (MAGY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDXW achieves a -4.89% return, which is significantly lower than MAGY's -1.50% return.

GDXW

• 1D: -4.02%
• 1M: -1.27%
• YTD: -4.89%
• 6M: 2.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGY

• 1D: -1.26%
• 1M: 1.86%
• YTD: -1.50%
• 6M: -0.71%
• 1Y: 13.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GDXW vs. MAGY - Yearly Performance Comparison

	2026 (YTD)	2025
GDXW Roundhill Gold Miners Weeklypay ETF	-4.89%	21.25%
MAGY Roundhill Magnificent Seven Covered Call ETF	-1.50%	-0.88%

Correlation

The correlation between GDXW and MAGY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025	0.33

Return for Risk

GDXW vs. MAGY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MAGY

MAGY Risk / Return Rank: 24
MAGY Sharpe Ratio Rank: 26
MAGY Sortino Ratio Rank: 24
MAGY Omega Ratio Rank: 26
MAGY Calmar Ratio Rank: 21
MAGY Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GDXW vs. MAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold Miners Weeklypay ETF (GDXW) and Roundhill Magnificent Seven Covered Call ETF (MAGY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GDXW	MAGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	1.53	-1.08

Drawdowns

GDXW vs. MAGY - Drawdown Comparison

The maximum GDXW drawdown since its inception was -36.83%, which is greater than MAGY's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for GDXW and MAGY.

Drawdown Indicators

	GDXW	MAGY	Difference
Max Drawdown Largest peak-to-trough decline	-36.83%	-14.29%	-22.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-32.99%	-3.64%	-29.35%
Average Drawdown Average peak-to-trough decline	-13.45%	-2.69%	-10.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.29%	—

Volatility

Volatility by Period

	GDXW	MAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.39%	14.38%	+47.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.39%	14.57%	+46.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.39%	14.57%	+46.82%

GDXW vs. MAGY - Expense Ratio Comparison

Both GDXW and MAGY have an expense ratio of 0.99%.

Dividends

GDXW vs. MAGY - Dividend Comparison

GDXW's dividend yield for the trailing twelve months is around 39.39%, more than MAGY's 37.35% yield.

Position	TTM	2025
GDXW Roundhill Gold Miners Weeklypay ETF	39.39%	7.48%
MAGY Roundhill Magnificent Seven Covered Call ETF	37.35%	23.38%

Frequently Asked Questions

Can I hold both GDXW and MAGY in my portfolio?

GDXW and MAGY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GDXW or MAGY?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDXW or MAGY?

GDXW and MAGY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, GDXW or MAGY?

GDXW has the higher dividend yield at 39.39%, compared with 37.35% for MAGY.

What is the main difference between GDXW and MAGY?

GDXW is categorized as Gold, while MAGY is Derivative Income.