MAGO vs. MAGY

Last updated Jun 24, 2026

MAGO (Tuttle Capital Magnificent 7 Income Blast ETF) and MAGY (Roundhill Magnificent Seven Covered Call ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.99% expense ratio.

Performance

MAGO vs. MAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Magnificent 7 Income Blast ETF (MAGO) 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, MAGO achieves a -5.64% return, which is significantly higher than MAGY's -7.53% return.

MAGO

• 1D: -1.54%
• 1M: -10.07%
• YTD: -5.64%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGY

• 1D: -1.25%
• 1M: -7.24%
• YTD: -7.53%
• 6M: -8.15%
• 1Y: 3.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGO vs. MAGY - Yearly Performance Comparison

	2026 (YTD)	2025
MAGO Tuttle Capital Magnificent 7 Income Blast ETF	-5.64%	-0.88%
MAGY Roundhill Magnificent Seven Covered Call ETF	-7.53%	-0.50%

Correlation

The correlation between MAGO and MAGY is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025	0.91

Return for Risk

MAGO vs. MAGY — Risk / Return Rank

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

MAGO

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

MAGY

MAGY Risk / Return Rank: 11
MAGY Sharpe Ratio Rank: 12
MAGY Sortino Ratio Rank: 11
MAGY Omega Ratio Rank: 11
MAGY Calmar Ratio Rank: 11
MAGY Martin Ratio Rank: 12

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.

MAGO vs. MAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Magnificent 7 Income Blast ETF (MAGO) 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.

	MAGO	MAGY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.24	—
Sortino ratio: Return per unit of downside risk	—	0.42	—
Omega ratio: Gain probability vs. loss probability	—	1.06	—
Calmar ratio: Return relative to maximum drawdown	—	0.26	—
Martin ratio: Return relative to average drawdown	—	0.81	—

Drawdowns

MAGO vs. MAGY - Drawdown Comparison

The maximum MAGO drawdown since its inception was -18.21%, which is greater than MAGY's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for MAGO and MAGY.

Drawdown Indicators

	MAGO	MAGY	Difference
Max Drawdown Largest peak-to-trough decline	-18.21%	-14.29%	-3.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-12.08%	-9.54%	-2.54%
Average Drawdown Average peak-to-trough decline	-5.68%	-2.88%	-2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.60%	—

Volatility

Volatility by Period

	MAGO	MAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.22%	15.38%	+8.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.22%	15.45%	+8.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.22%	15.45%	+8.77%

MAGO vs. MAGY - Expense Ratio Comparison

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

Dividends

MAGO vs. MAGY - Dividend Comparison

MAGO's dividend yield for the trailing twelve months is around 8.00%, less than MAGY's 40.01% yield.

Position	TTM	2025
MAGO Tuttle Capital Magnificent 7 Income Blast ETF	8.00%	0.00%
MAGY Roundhill Magnificent Seven Covered Call ETF	40.01%	23.38%

Frequently Asked Questions

Can I hold both MAGO and MAGY in my portfolio?

With a correlation of 0.91, MAGO and MAGY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MAGO 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, MAGO or MAGY?

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

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

MAGY has the higher dividend yield at 40.01%, compared with 8.00% for MAGO.

What is the main difference between MAGO and MAGY?

They also come from different issuers: Tuttle and Roundhill.