MAGY vs. ARMW

Last updated Jun 4, 2026

MAGY (Roundhill Magnificent Seven Covered Call ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

MAGY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven Covered Call ETF (MAGY) and Roundhill ARM WeeklyPay ETF (ARMW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGY achieves a -1.50% return, which is significantly lower than ARMW's 363.23% return.

MAGY

• 1D: -1.26%
• 1M: 1.86%
• YTD: -1.50%
• 6M: -0.71%
• 1Y: 13.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: 3.44%
• 1M: 128.75%
• YTD: 363.23%
• 6M: 245.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	-1.50%	0.74%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between MAGY and ARMW is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.41

MAGY vs. ARMW - Sectors Allocation Comparison

Sectors	MAGY	ARMW
Financial Services	99.9%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	36.0%
Utilities	-	-

Return for Risk

MAGY vs. ARMW — Risk / Return Rank

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

MAGY

MAGY Risk / Return Rank: 24
MAGY Sharpe Ratio Rank: 26
MAGY Sortino Ratio Rank: 24
MAGY Omega Ratio Rank: 26
MAGY Calmar Ratio Rank: 21
MAGY Martin Ratio Rank: 24

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.

MAGY vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven Covered Call ETF (MAGY) and Roundhill ARM WeeklyPay ETF (ARMW). 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.

	MAGY	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	0.93	—	—
Sortino ratio: Return per unit of downside risk	1.29	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	0.94	—	—
Martin ratio: Return relative to average drawdown	3.11	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MAGY	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	4.96	-3.43

Drawdowns

MAGY vs. ARMW - Drawdown Comparison

The maximum MAGY drawdown since its inception was -14.29%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for MAGY and ARMW.

Drawdown Indicators

	MAGY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-48.47%	+34.18%
Max Drawdown (1Y) Largest decline over 1 year	-14.29%	—	—
Current Drawdown Current decline from peak	-3.64%	0.00%	-3.64%
Average Drawdown Average peak-to-trough decline	-2.69%	-26.55%	+23.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	—	—

Volatility

Volatility by Period

	MAGY	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	88.46%	-74.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.57%	88.46%	-73.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.57%	88.46%	-73.89%

MAGY vs. ARMW - Expense Ratio Comparison

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

Dividends

MAGY vs. ARMW - Dividend Comparison

MAGY's dividend yield for the trailing twelve months is around 37.35%, more than ARMW's 15.20% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%
MAGY Roundhill Magnificent Seven Covered Call ETF	37.35%	23.38%

Frequently Asked Questions

Can I hold both MAGY and ARMW in my portfolio?

MAGY and ARMW have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MAGY or ARMW?

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, MAGY or ARMW?

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

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

MAGY has the higher dividend yield at 37.35%, compared with 15.20% for ARMW.

What is the main difference between MAGY and ARMW?

They also come from different issuers: Roundhill and Roundhill Investments.