MAGC vs. XPAY

Last updated Jun 4, 2026

MAGC (Roundhill China Magnificent Seven ETF) and XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) are both exchange-traded funds - MAGC is a China Equities fund actively managed by Roundhill, while XPAY is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, MAGC returned -19.65% vs 27.22% for XPAY. At a 0.37 correlation, their price movements are largely independent. MAGC charges 0.59%/yr vs 0.49%/yr for XPAY.

Performance

MAGC vs. XPAY - 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 Target 20 Managed Distribution ETF (XPAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGC achieves a -18.25% return, which is significantly lower than XPAY's 10.83% return.

MAGC

• 1D: -3.41%
• 1M: -5.47%
• YTD: -18.25%
• 6M: -19.75%
• 1Y: -19.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XPAY

• 1D: -0.68%
• 1M: 5.07%
• YTD: 10.83%
• 6M: 10.69%
• 1Y: 27.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGC vs. XPAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGC Roundhill China Magnificent Seven ETF	-18.25%	16.35%	-3.91%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	10.83%	16.78%	3.17%

Correlation

The correlation between MAGC and XPAY is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 1, 2024	0.37

Return for Risk

MAGC vs. XPAY — Risk / Return Rank

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

MAGC

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

XPAY

XPAY Risk / Return Rank: 67
XPAY Sharpe Ratio Rank: 69
XPAY Sortino Ratio Rank: 67
XPAY Omega Ratio Rank: 68
XPAY Calmar Ratio Rank: 58
XPAY Martin Ratio Rank: 71

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. XPAY - 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 Target 20 Managed Distribution ETF (XPAY). 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.

	MAGC	XPAY	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	2.31	-3.05
Sortino ratio: Return per unit of downside risk	-0.98	3.15	-4.13
Omega ratio: Gain probability vs. loss probability	0.89	1.42	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.60	2.93	-3.53
Martin ratio: Return relative to average drawdown	-1.15	13.50	-14.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAGC vs. XPAY - Sharpe Ratio Comparison

The current MAGC Sharpe Ratio is -0.74, which is lower than the XPAY Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of MAGC and XPAY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAGC	XPAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.74	2.31	-3.05
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	1.21	-1.55

Drawdowns

MAGC vs. XPAY - Drawdown Comparison

The maximum MAGC drawdown since its inception was -32.86%, which is greater than XPAY's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for MAGC and XPAY.

Drawdown Indicators

	MAGC	XPAY	Difference
Max Drawdown Largest peak-to-trough decline	-32.86%	-18.20%	-14.66%
Max Drawdown (1Y) Largest decline over 1 year	-32.86%	-9.34%	-23.52%
Current Drawdown Current decline from peak	-31.30%	-0.68%	-30.62%
Average Drawdown Average peak-to-trough decline	-15.16%	-2.37%	-12.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.09%	2.02%	+15.07%

Volatility

MAGC vs. XPAY - Volatility Comparison

Roundhill China Magnificent Seven ETF (MAGC) has a higher volatility of 11.15% compared to Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) at 2.76%. This indicates that MAGC's price experiences larger fluctuations and is considered to be riskier than XPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGC	XPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.15%	2.76%	+8.39%
Volatility (6M) Calculated over the trailing 6-month period	19.75%	8.82%	+10.93%
Volatility (1Y) Calculated over the trailing 1-year period	26.82%	11.82%	+15.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.42%	16.70%	+17.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.42%	16.70%	+17.72%

MAGC vs. XPAY - Expense Ratio Comparison

MAGC has a 0.59% expense ratio, which is higher than XPAY's 0.49% expense ratio.

Dividends

MAGC vs. XPAY - Dividend Comparison

MAGC's dividend yield for the trailing twelve months is around 5.02%, less than XPAY's 20.37% yield.

Position	TTM	2025	2024
MAGC Roundhill China Magnificent Seven ETF	5.02%	4.10%	1.02%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	20.37%	21.21%	3.40%

Frequently Asked Questions

Can I hold both MAGC and XPAY in my portfolio?

MAGC and XPAY have a correlation of 0.45, 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 XPAY?

MAGC has higher volatility (11.15%) compared to XPAY (2.76%). In terms of maximum drawdown, MAGC dropped -32.86% vs XPAY's -18.20%.

Which ETF is better, MAGC or XPAY?

On 1-year performance, XPAY leads with 27.22% vs -19.65% for MAGC. On fees, XPAY is cheaper at 0.49% per year. On volatility, XPAY has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGC or XPAY?

Over the 1-year period, XPAY has performed better with a 27.22% return vs -19.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGC or XPAY?

XPAY is cheaper with a 0.49% expense ratio, compared with 0.59% for MAGC.

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

XPAY has the higher dividend yield at 20.37%, compared with 5.02% for MAGC.

What is the main difference between MAGC and XPAY?

MAGC is categorized as China Equities, while XPAY is Derivative Income. Their fees differ too: 0.59% for MAGC and 0.49% for XPAY.

Which has better risk-adjusted returns?

XPAY currently has the higher Sharpe Ratio (2.31 vs -0.74), 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.