MAGS vs. QDVO

Last updated Jun 16, 2026

MAGS (Roundhill Magnificent Seven ETF) and QDVO (Amplify CWP Growth & Income ETF) are both exchange-traded funds - MAGS is a Technology Equities fund actively managed by Roundhill, while QDVO is a Derivative Income fund actively managed by Amplify. Both are actively managed. Over the past year, MAGS returned 27.18% vs 25.91% for QDVO. Their correlation of 0.87 suggests significant overlap in exposure. MAGS charges 0.29%/yr vs 0.56%/yr for QDVO.

Performance

MAGS vs. QDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven ETF (MAGS) and Amplify CWP Growth & Income ETF (QDVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGS achieves a 1.00% return, which is significantly lower than QDVO's 8.25% return.

MAGS

• 1D: 2.63%
• 1M: -4.61%
• YTD: 1.00%
• 6M: 2.07%
• 1Y: 27.18%
• 3Y*: 31.84%
• 5Y*: —
• 10Y*: —

QDVO

• 1D: 1.18%
• 1M: -1.05%
• YTD: 8.25%
• 6M: 9.48%
• 1Y: 25.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGS vs. QDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGS Roundhill Magnificent Seven ETF	1.00%	22.99%	19.86%
QDVO Amplify CWP Growth & Income ETF	8.25%	20.16%	9.76%

Correlation

The correlation between MAGS and QDVO is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024	0.87

The correlation between MAGS and QDVO has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

MAGS vs. QDVO - Sectors Allocation Comparison

Sectors	MAGS	QDVO
Technology	10.9%	50.4%
Consumer Cyclical	6.9%	12.9%
Communication Services	5.9%	15.4%
Basic Materials	-	2.2%
Consumer Defensive	-	6.2%
Energy	-	0.9%
Financial Services	-	3.8%
Healthcare	-	4.9%
Industrials	-	2.9%
Real Estate	-	-
Utilities	-	0.4%

Return for Risk

MAGS vs. QDVO — Risk / Return Rank

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

MAGS

MAGS Risk / Return Rank: 38
MAGS Sharpe Ratio Rank: 42
MAGS Sortino Ratio Rank: 39
MAGS Omega Ratio Rank: 39
MAGS Calmar Ratio Rank: 32
MAGS Martin Ratio Rank: 35

QDVO

QDVO Risk / Return Rank: 66
QDVO Sharpe Ratio Rank: 71
QDVO Sortino Ratio Rank: 69
QDVO Omega Ratio Rank: 69
QDVO Calmar Ratio Rank: 57
QDVO Martin Ratio Rank: 62

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. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Amplify CWP Growth & Income ETF (QDVO). 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	QDVO	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.06	-0.72
Sortino ratio: Return per unit of downside risk	1.86	2.80	-0.94
Omega ratio: Gain probability vs. loss probability	1.23	1.37	-0.14
Calmar ratio: Return relative to maximum drawdown	1.47	2.55	-1.08
Martin ratio: Return relative to average drawdown	4.94	10.10	-5.16

MAGS vs. QDVO - Sharpe Ratio Comparison

The current MAGS Sharpe Ratio is 1.34, which is lower than the QDVO Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of MAGS and QDVO, 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. QDVO - Drawdown Comparison

The maximum MAGS drawdown since its inception was -29.91%, which is greater than QDVO's maximum drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for MAGS and QDVO.

Drawdown Indicators

	MAGS	QDVO	Difference
Max Drawdown Largest peak-to-trough decline	-29.91%	-17.75%	-12.16%
Max Drawdown (1Y) Largest decline over 1 year	-18.62%	-10.21%	-8.41%
Max Drawdown (3Y) Largest decline over 3 years	-29.91%	—	—
Current Drawdown Current decline from peak	-6.09%	-2.34%	-3.75%
Average Drawdown Average peak-to-trough decline	-4.72%	-2.40%	-2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.52%	2.57%	+2.95%

Volatility

MAGS vs. QDVO - Volatility Comparison

Roundhill Magnificent Seven ETF (MAGS) has a higher volatility of 6.52% compared to Amplify CWP Growth & Income ETF (QDVO) at 4.16%. This indicates that MAGS's price experiences larger fluctuations and is considered to be riskier than QDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGS	QDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.52%	4.16%	+2.36%
Volatility (6M) Calculated over the trailing 6-month period	15.28%	9.63%	+5.65%
Volatility (1Y) Calculated over the trailing 1-year period	20.48%	12.68%	+7.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.99%	17.56%	+8.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.99%	17.56%	+8.43%

MAGS vs. QDVO - Expense Ratio Comparison

MAGS has a 0.29% expense ratio, which is lower than QDVO's 0.56% expense ratio.

Dividends

MAGS vs. QDVO - Dividend Comparison

MAGS's dividend yield for the trailing twelve months is around 1.47%, less than QDVO's 10.27% yield.

Position	TTM	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	1.47%	1.48%	0.81%	0.44%
QDVO Amplify CWP Growth & Income ETF	10.27%	9.92%	2.79%	0.00%

Frequently Asked Questions

Can I hold both MAGS and QDVO in my portfolio?

MAGS and QDVO have a correlation of 0.88, 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 QDVO?

MAGS has higher volatility (6.52%) compared to QDVO (4.16%). In terms of maximum drawdown, MAGS dropped -29.91% vs QDVO's -17.75%.

Which ETF is better, MAGS or QDVO?

On 1-year performance, MAGS leads with 27.18% vs 25.91% for QDVO. On fees, MAGS is cheaper at 0.29% per year. On volatility, QDVO has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGS or QDVO?

Over the 1-year period, MAGS has performed better with a 27.18% return vs 25.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGS or QDVO?

MAGS is cheaper with a 0.29% expense ratio, compared with 0.56% for QDVO.

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

QDVO has the higher dividend yield at 10.27%, compared with 1.47% for MAGS.

What is the main difference between MAGS and QDVO?

MAGS is categorized as Technology Equities, while QDVO is Derivative Income. They also come from different issuers: Roundhill and Amplify. Their fees differ too: 0.29% for MAGS and 0.56% for QDVO.

Which has better risk-adjusted returns?

QDVO currently has the higher Sharpe Ratio (2.06 vs 1.34), 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.