MAGC vs. XDTE

Last updated Jul 14, 2026

MAGC (Roundhill China Magnificent Seven ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both exchange-traded funds - MAGC is a China Equities fund actively managed by Roundhill, while XDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, MAGC returned -19.72% vs 19.89% for XDTE. At a 0.34 correlation, their price movements are largely independent. MAGC charges 0.59%/yr vs 0.97%/yr for XDTE.

Performance

MAGC vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill China Magnificent Seven ETF (MAGC) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGC achieves a -20.52% return, which is significantly lower than XDTE's 8.92% return.

MAGC

• 1D: -0.68%
• 1M: 0.91%
• 6M: -24.55%
• YTD: -20.52%
• 1Y: -19.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDTE

• 1D: -0.77%
• 1M: 1.82%
• 6M: 6.86%
• YTD: 8.92%
• 1Y: 19.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGC vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGC Roundhill China Magnificent Seven ETF	-20.52%	16.35%	-14.03%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	8.92%	12.60%	2.80%

Correlation

The correlation between MAGC and XDTE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	0.34

Return for Risk

MAGC vs. XDTE — Risk / Return Rank

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

MAGC

MAGC Risk / Return Rank: 4
MAGC Sharpe Ratio Rank: 3
MAGC Sortino Ratio Rank: 4
MAGC Omega Ratio Rank: 4
MAGC Calmar Ratio Rank: 5
MAGC Martin Ratio Rank: 5

XDTE

XDTE Risk / Return Rank: 67
XDTE Sharpe Ratio Rank: 66
XDTE Sortino Ratio Rank: 63
XDTE Omega Ratio Rank: 66
XDTE Calmar Ratio Rank: 65
XDTE Martin Ratio Rank: 75

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.

MAGC vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill China Magnificent Seven ETF (MAGC) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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.

	MAGC	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	1.72	-2.45
Sortino ratio: Return per unit of downside risk	-0.96	2.33	-3.29
Omega ratio: Gain probability vs. loss probability	0.90	1.31	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.47	2.60	-3.07
Martin ratio: Return relative to average drawdown	-0.96	11.19	-12.15

MAGC vs. XDTE - Sharpe Ratio Comparison

The current MAGC Sharpe Ratio is -0.73, which is lower than the XDTE Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of MAGC and XDTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MAGC vs. XDTE - Drawdown Comparison

The maximum MAGC drawdown since its inception was -41.99%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for MAGC and XDTE.

Drawdown Indicators

	MAGC	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-41.99%	-19.09%	-22.90%
Max Drawdown (1Y) Largest decline over 1 year	-41.99%	-7.68%	-34.31%
Current Drawdown Current decline from peak	-33.21%	-0.77%	-32.44%
Average Drawdown Average peak-to-trough decline	-16.35%	-2.28%	-14.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.63%	1.78%	+18.85%

Volatility

MAGC vs. XDTE - Volatility Comparison

Roundhill China Magnificent Seven ETF (MAGC) has a higher volatility of 8.57% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 3.72%. This indicates that MAGC's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGC	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	3.72%	+4.85%
Volatility (6M) Calculated over the trailing 6-month period	20.58%	9.19%	+11.39%
Volatility (1Y) Calculated over the trailing 1-year period	27.35%	11.63%	+15.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.02%	13.88%	+20.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.02%	13.88%	+20.14%

MAGC vs. XDTE - Expense Ratio Comparison

MAGC has a 0.59% expense ratio, which is lower than XDTE's 0.97% expense ratio.

Dividends

MAGC vs. XDTE - Dividend Comparison

MAGC's dividend yield for the trailing twelve months is around 5.16%, less than XDTE's 32.75% yield.

Position	TTM	2025	2024
MAGC Roundhill China Magnificent Seven ETF	5.16%	4.10%	1.02%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	32.75%	39.16%	20.35%

Frequently Asked Questions

Can I hold both MAGC and XDTE in my portfolio?

MAGC and XDTE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAGC or XDTE?

MAGC has higher volatility (8.57%) compared to XDTE (3.72%). In terms of maximum drawdown, MAGC dropped -41.99% vs XDTE's -19.09%.

Which ETF is better, MAGC or XDTE?

On 1-year performance, XDTE leads with 19.89% vs -19.72% for MAGC. On fees, MAGC is cheaper at 0.59% per year. On volatility, XDTE has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGC or XDTE?

Over the 1-year period, XDTE has performed better with a 19.89% return vs -19.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGC or XDTE?

MAGC is cheaper with a 0.59% expense ratio, compared with 0.97% for XDTE.

Which ETF pays a higher dividend yield, MAGC or XDTE?

XDTE has the higher dividend yield at 32.75%, compared with 5.16% for MAGC.

What is the main difference between MAGC and XDTE?

MAGC is categorized as China Equities, while XDTE is Derivative Income. Their fees differ too: 0.59% for MAGC and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.72 vs -0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.