MAGS vs. GSY

Last updated Jun 20, 2026

MAGS (Roundhill Magnificent Seven ETF) and GSY (Invesco Ultra Short Duration ETF) are both exchange-traded funds - MAGS is a Technology Equities fund actively managed by Roundhill, while GSY is a Ultrashort Bond fund actively managed by Invesco. Both are actively managed. Over the past 3 years, MAGS returned 31.06%/yr vs 5.46%/yr for GSY. At a 0.08 correlation, their price movements are largely independent. MAGS charges 0.29%/yr vs 0.22%/yr for GSY.

Performance

MAGS vs. GSY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven ETF (MAGS) and Invesco Ultra Short Duration ETF (GSY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGS achieves a -0.79% return, which is significantly lower than GSY's 1.76% return.

MAGS

• 1D: 1.39%
• 1M: -5.84%
• YTD: -0.79%
• 6M: -1.07%
• 1Y: 25.62%
• 3Y*: 31.06%
• 5Y*: —
• 10Y*: —

GSY

• 1D: 0.04%
• 1M: 0.32%
• YTD: 1.76%
• 6M: 1.90%
• 1Y: 4.41%
• 3Y*: 5.46%
• 5Y*: 3.69%
• 10Y*: 2.86%

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

MAGS vs. GSY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	-0.79%	22.99%	63.97%	35.74%
GSY Invesco Ultra Short Duration ETF	1.76%	4.96%	5.95%	4.52%

Correlation

The correlation between MAGS and GSY is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023	0.08

Return for Risk

MAGS vs. GSY — Risk / Return Rank

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

MAGS

MAGS Risk / Return Rank: 31
MAGS Sharpe Ratio Rank: 34
MAGS Sortino Ratio Rank: 32
MAGS Omega Ratio Rank: 32
MAGS Calmar Ratio Rank: 28
MAGS Martin Ratio Rank: 31

GSY

GSY Risk / Return Rank: 99
GSY Sharpe Ratio Rank: 99
GSY Sortino Ratio Rank: 99
GSY Omega Ratio Rank: 99
GSY Calmar Ratio Rank: 100
GSY Martin Ratio Rank: 100

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. GSY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Invesco Ultra Short Duration ETF (GSY). 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.

	MAGS	GSY	Difference
Sharpe ratio: Return per unit of total volatility	1.18	10.83	-9.65
Sortino ratio: Return per unit of downside risk	1.67	25.31	-23.64
Omega ratio: Gain probability vs. loss probability	1.21	6.08	-4.87
Calmar ratio: Return relative to maximum drawdown	1.31	74.67	-73.36
Martin ratio: Return relative to average drawdown	4.36	350.46	-346.10

MAGS vs. GSY - Sharpe Ratio Comparison

The current MAGS Sharpe Ratio is 1.18, which is lower than the GSY Sharpe Ratio of 10.83. The chart below compares the historical Sharpe Ratios of MAGS and GSY, 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

MAGS vs. GSY - Drawdown Comparison

The maximum MAGS drawdown since its inception was -29.91%, which is greater than GSY's maximum drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for MAGS and GSY.

Drawdown Indicators

	MAGS	GSY	Difference
Max Drawdown Largest peak-to-trough decline	-29.91%	-12.14%	-17.77%
Max Drawdown (1Y) Largest decline over 1 year	-18.62%	-0.06%	-18.56%
Max Drawdown (3Y) Largest decline over 3 years	-29.91%	-0.18%	-29.73%
Max Drawdown (5Y) Largest decline over 5 years	—	-1.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-5.25%	—
Current Drawdown Current decline from peak	-7.75%	-0.02%	-7.73%
Average Drawdown Average peak-to-trough decline	-4.73%	-2.38%	-2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.58%	0.01%	+5.57%

Volatility

MAGS vs. GSY - Volatility Comparison

Roundhill Magnificent Seven ETF (MAGS) has a higher volatility of 7.03% compared to Invesco Ultra Short Duration ETF (GSY) at 0.15%. This indicates that MAGS's price experiences larger fluctuations and is considered to be riskier than GSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGS	GSY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.03%	0.15%	+6.88%
Volatility (6M) Calculated over the trailing 6-month period	15.57%	0.31%	+15.26%
Volatility (1Y) Calculated over the trailing 1-year period	20.60%	0.41%	+20.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.01%	0.58%	+25.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.01%	1.22%	+24.79%

MAGS vs. GSY - Expense Ratio Comparison

MAGS has a 0.29% expense ratio, which is higher than GSY's 0.22% expense ratio.

Dividends

MAGS vs. GSY - Dividend Comparison

MAGS's dividend yield for the trailing twelve months is around 1.49%, less than GSY's 4.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSY Invesco Ultra Short Duration ETF	4.33%	4.56%	5.31%	4.95%	1.70%	0.58%	1.45%	2.71%	2.30%	1.80%	1.21%	1.17%
MAGS Roundhill Magnificent Seven ETF	1.49%	1.48%	0.81%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAGS and GSY in my portfolio?

MAGS and GSY have a correlation of 0.17, 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 GSY?

MAGS has higher volatility (7.03%) compared to GSY (0.15%). In terms of maximum drawdown, MAGS dropped -29.91% vs GSY's -12.14%.

Which ETF is better, MAGS or GSY?

On 3-year performance, MAGS leads with 31.06% vs 5.46% for GSY. On fees, GSY is cheaper at 0.22% per year. On volatility, GSY has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGS or GSY?

Over the 3-year period, MAGS has performed better with a 31.06% return vs 5.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGS or GSY?

GSY is cheaper with a 0.22% expense ratio, compared with 0.29% for MAGS.

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

GSY has the higher dividend yield at 4.33%, compared with 1.49% for MAGS.

What is the main difference between MAGS and GSY?

MAGS is categorized as Technology Equities, while GSY is Ultrashort Bond. They also come from different issuers: Roundhill and Invesco. Their fees differ too: 0.29% for MAGS and 0.22% for GSY.

Which has better risk-adjusted returns?

GSY currently has the higher Sharpe Ratio (10.83 vs 1.18), 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.