GOOW vs. MAGY

Last updated Jul 12, 2026

GOOW (Roundhill GOOGL WeeklyPay™ ETF) and MAGY (Roundhill Magnificent Seven Covered Call ETF) are both Derivative Income funds from Roundhill. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

GOOW vs. MAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill GOOGL WeeklyPay™ ETF (GOOW) 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, GOOW achieves a 14.21% return, which is significantly higher than MAGY's -4.65% return.

GOOW

• 1D: -0.61%
• 1M: -1.19%
• 6M: 7.54%
• YTD: 14.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGY

• 1D: 0.49%
• 1M: 1.58%
• 6M: -4.77%
• YTD: -4.65%
• 1Y: 4.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOOW vs. MAGY - Yearly Performance Comparison

	2026 (YTD)	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	14.21%	71.16%
MAGY Roundhill Magnificent Seven Covered Call ETF	-4.65%	8.15%

Correlation

The correlation between GOOW and MAGY is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.59

GOOW vs. MAGY - Sectors Allocation Comparison

Sectors	GOOW	MAGY
Communication Services	100.0%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.1%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GOOW vs. MAGY — Risk / Return Rank

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

GOOW

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

MAGY

MAGY Risk / Return Rank: 15
MAGY Sharpe Ratio Rank: 15
MAGY Sortino Ratio Rank: 13
MAGY Omega Ratio Rank: 15
MAGY Calmar Ratio Rank: 14
MAGY Martin Ratio Rank: 15

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.

GOOW vs. MAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill GOOGL WeeklyPay™ ETF (GOOW) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GOOW	MAGY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.32	—
Sortino ratio: Return per unit of downside risk	—	0.52	—
Omega ratio: Gain probability vs. loss probability	—	1.07	—
Calmar ratio: Return relative to maximum drawdown	—	0.35	—
Martin ratio: Return relative to average drawdown	—	1.00	—

Drawdowns

GOOW vs. MAGY - Drawdown Comparison

The maximum GOOW drawdown since its inception was -24.88%, which is greater than MAGY's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for GOOW and MAGY.

Drawdown Indicators

	GOOW	MAGY	Difference
Max Drawdown Largest peak-to-trough decline	-24.88%	-14.29%	-10.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-14.11%	-6.73%	-7.38%
Average Drawdown Average peak-to-trough decline	-5.68%	-3.13%	-2.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.03%	—

Volatility

Volatility by Period

	GOOW	MAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.68%	15.66%	+22.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.68%	15.53%	+22.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.68%	15.53%	+22.15%

GOOW vs. MAGY - Expense Ratio Comparison

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

Dividends

GOOW vs. MAGY - Dividend Comparison

GOOW's dividend yield for the trailing twelve months is around 39.57%, which matches MAGY's 39.50% yield.

Position	TTM	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	39.57%	19.77%
MAGY Roundhill Magnificent Seven Covered Call ETF	38.62%	23.38%

Frequently Asked Questions

Can I hold both GOOW and MAGY in my portfolio?

GOOW and MAGY have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GOOW 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, GOOW or MAGY?

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

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

GOOW has the higher dividend yield at 39.57%, compared with 38.62% for MAGY.