MAGS vs. QDTE

Last updated Jun 4, 2026

MAGS (Roundhill Magnificent Seven ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - MAGS is a Technology Equities fund actively managed by Roundhill, while QDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, MAGS returned 31.34% vs 40.36% for QDTE. Their correlation of 0.87 suggests significant overlap in exposure. MAGS charges 0.29%/yr vs 0.97%/yr for QDTE.

Performance

MAGS vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven ETF (MAGS) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). 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 QDTE's 16.58% return.

MAGS

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

QDTE

• 1D: -0.16%
• 1M: 8.99%
• YTD: 16.58%
• 6M: 16.20%
• 1Y: 40.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGS vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGS Roundhill Magnificent Seven ETF	3.73%	22.99%	41.00%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	16.58%	19.32%	16.07%

Correlation

The correlation between MAGS and QDTE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.87

The correlation between MAGS and QDTE has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

MAGS vs. QDTE - Sectors Allocation Comparison

Sectors	MAGS	QDTE
Technology	15.3%	-
Consumer Cyclical	10.5%	-
Communication Services	9.3%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	5.4%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MAGS vs. QDTE — 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

QDTE

QDTE Risk / Return Rank: 78
QDTE Sharpe Ratio Rank: 82
QDTE Sortino Ratio Rank: 76
QDTE Omega Ratio Rank: 78
QDTE Calmar Ratio Rank: 77
QDTE Martin Ratio Rank: 80

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. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). 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	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.74	-1.17
Sortino ratio: Return per unit of downside risk	2.15	3.49	-1.34
Omega ratio: Gain probability vs. loss probability	1.27	1.47	-0.21
Calmar ratio: Return relative to maximum drawdown	1.69	3.98	-2.28
Martin ratio: Return relative to average drawdown	5.85	16.08	-10.23
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. QDTE - Sharpe Ratio Comparison

The current MAGS Sharpe Ratio is 1.57, which is lower than the QDTE Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of MAGS and QDTE, 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	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	2.74	-1.17
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	1.30	+0.24

Drawdowns

MAGS vs. QDTE - Drawdown Comparison

The maximum MAGS drawdown since its inception was -29.91%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for MAGS and QDTE.

Drawdown Indicators

	MAGS	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-29.91%	-22.86%	-7.05%
Max Drawdown (1Y) Largest decline over 1 year	-18.62%	-10.20%	-8.42%
Max Drawdown (3Y) Largest decline over 3 years	-29.91%	—	—
Current Drawdown Current decline from peak	-3.55%	-0.16%	-3.39%
Average Drawdown Average peak-to-trough decline	-4.70%	-3.14%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.37%	2.52%	+2.85%

Volatility

MAGS vs. QDTE - Volatility Comparison

Roundhill Magnificent Seven ETF (MAGS) has a higher volatility of 4.80% compared to Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) at 3.75%. This indicates that MAGS's price experiences larger fluctuations and is considered to be riskier than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGS	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	3.75%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	14.31%	11.01%	+3.30%
Volatility (1Y) Calculated over the trailing 1-year period	20.08%	14.81%	+5.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.94%	18.43%	+7.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.94%	18.43%	+7.51%

MAGS vs. QDTE - Expense Ratio Comparison

MAGS has a 0.29% expense ratio, which is lower than QDTE's 0.97% expense ratio.

Dividends

MAGS vs. QDTE - Dividend Comparison

MAGS's dividend yield for the trailing twelve months is around 1.43%, less than QDTE's 42.16% yield.

Position	TTM	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	1.43%	1.48%	0.81%	0.44%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	42.16%	49.49%	32.09%	0.00%

Frequently Asked Questions

Can I hold both MAGS and QDTE in my portfolio?

MAGS and QDTE have a correlation of 0.84, 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 QDTE?

MAGS has higher volatility (4.80%) compared to QDTE (3.75%). In terms of maximum drawdown, MAGS dropped -29.91% vs QDTE's -22.86%.

Which ETF is better, MAGS or QDTE?

On 1-year performance, QDTE leads with 40.36% vs 31.34% for MAGS. On fees, MAGS is cheaper at 0.29% per year. On volatility, QDTE has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGS or QDTE?

Over the 1-year period, QDTE has performed better with a 40.36% 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 QDTE?

MAGS is cheaper with a 0.29% expense ratio, compared with 0.97% for QDTE.

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

QDTE has the higher dividend yield at 42.16%, compared with 1.43% for MAGS.

What is the main difference between MAGS and QDTE?

MAGS is categorized as Technology Equities, while QDTE is Derivative Income. Their fees differ too: 0.29% for MAGS and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.74 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.