MAGS vs. AAPY

Last updated Jun 4, 2026

MAGS (Roundhill Magnificent Seven ETF) and AAPY (Kurv Yield Premium Strategy Apple (AAPL) ETF) are both exchange-traded funds - MAGS is a Technology Equities fund actively managed by Roundhill, while AAPY is a Large Cap Blend Equities fund actively managed by Kurv. Both are actively managed. Over the past year, MAGS returned 31.34% vs 43.66% for AAPY. A 0.50 correlation means they provide meaningful diversification when combined. MAGS charges 0.29%/yr vs 0.99%/yr for AAPY.

Performance

MAGS vs. AAPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven ETF (MAGS) and Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGS achieves a 3.73% return, which is significantly lower than AAPY's 14.66% return.

MAGS

• 1D: -1.08%
• 1M: 2.17%
• YTD: 3.73%
• 6M: 3.62%
• 1Y: 31.34%
• 3Y*: 33.71%
• 5Y*: —
• 10Y*: —

AAPY

• 1D: -1.55%
• 1M: 13.81%
• YTD: 14.66%
• 6M: 11.04%
• 1Y: 43.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGS vs. AAPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	3.73%	22.99%	63.97%	17.75%
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	14.66%	5.04%	20.54%	9.23%

Correlation

The correlation between MAGS and AAPY is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Oct 30, 2023	0.50

The correlation between MAGS and AAPY has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.

Return for Risk

MAGS vs. AAPY — Risk / Return Rank

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

MAGS

MAGS Risk / Return Rank: 39
MAGS Sharpe Ratio Rank: 44
MAGS Sortino Ratio Rank: 42
MAGS Omega Ratio Rank: 40
MAGS Calmar Ratio Rank: 33
MAGS Martin Ratio Rank: 37

AAPY

AAPY Risk / Return Rank: 58
AAPY Sharpe Ratio Rank: 60
AAPY Sortino Ratio Rank: 58
AAPY Omega Ratio Rank: 62
AAPY Calmar Ratio Rank: 61
AAPY Martin Ratio Rank: 50

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.

MAGS vs. AAPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY). 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.

	MAGS	AAPY	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.05	-0.48
Sortino ratio: Return per unit of downside risk	2.15	2.80	-0.64
Omega ratio: Gain probability vs. loss probability	1.27	1.38	-0.11
Calmar ratio: Return relative to maximum drawdown	1.69	3.03	-1.34
Martin ratio: Return relative to average drawdown	5.85	8.23	-2.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAGS vs. AAPY - Sharpe Ratio Comparison

The current MAGS Sharpe Ratio is 1.57, which is comparable to the AAPY Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of MAGS and AAPY, 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

	MAGS	AAPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	2.05	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	0.87	+0.68

Drawdowns

MAGS vs. AAPY - Drawdown Comparison

The maximum MAGS drawdown since its inception was -29.91%, roughly equal to the maximum AAPY drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for MAGS and AAPY.

Drawdown Indicators

	MAGS	AAPY	Difference
Max Drawdown Largest peak-to-trough decline	-29.91%	-29.22%	-0.69%
Max Drawdown (1Y) Largest decline over 1 year	-18.62%	-14.47%	-4.15%
Max Drawdown (3Y) Largest decline over 3 years	-29.91%	—	—
Current Drawdown Current decline from peak	-3.55%	-1.55%	-2.00%
Average Drawdown Average peak-to-trough decline	-4.70%	-6.34%	+1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.37%	5.32%	+0.05%

Volatility

MAGS vs. AAPY - Volatility Comparison

The current volatility for Roundhill Magnificent Seven ETF (MAGS) is 4.80%, while Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) has a volatility of 6.18%. This indicates that MAGS experiences smaller price fluctuations and is considered to be less risky than AAPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGS	AAPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	6.18%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	14.31%	17.77%	-3.46%
Volatility (1Y) Calculated over the trailing 1-year period	20.08%	21.42%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.94%	22.58%	+3.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.94%	22.58%	+3.36%

MAGS vs. AAPY - Expense Ratio Comparison

MAGS has a 0.29% expense ratio, which is lower than AAPY's 0.99% expense ratio.

Dividends

MAGS vs. AAPY - Dividend Comparison

MAGS's dividend yield for the trailing twelve months is around 1.43%, less than AAPY's 11.30% yield.

Position	TTM	2025	2024	2023
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	11.30%	12.66%	17.15%	2.16%
MAGS Roundhill Magnificent Seven ETF	1.43%	1.48%	0.81%	0.44%

Frequently Asked Questions

Can I hold both MAGS and AAPY in my portfolio?

MAGS and AAPY have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAGS or AAPY?

AAPY has higher volatility (6.18%) compared to MAGS (4.80%). In terms of maximum drawdown, MAGS dropped -29.91% vs AAPY's -29.22%.

Which ETF is better, MAGS or AAPY?

On 1-year performance, AAPY leads with 43.66% vs 31.34% for MAGS. On fees, MAGS is cheaper at 0.29% per year. On volatility, MAGS has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGS or AAPY?

Over the 1-year period, AAPY has performed better with a 43.66% return vs 31.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGS or AAPY?

MAGS is cheaper with a 0.29% expense ratio, compared with 0.99% for AAPY.

Which ETF pays a higher dividend yield, MAGS or AAPY?

AAPY has the higher dividend yield at 11.30%, compared with 1.43% for MAGS.

What is the main difference between MAGS and AAPY?

MAGS is categorized as Technology Equities, while AAPY is Large Cap Blend Equities. They also come from different issuers: Roundhill and Kurv. Their fees differ too: 0.29% for MAGS and 0.99% for AAPY.

Which has better risk-adjusted returns?

AAPY currently has the higher Sharpe Ratio (2.05 vs 1.57), 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.