MAGY vs. BAGY

Last updated Jun 3, 2026

MAGY (Roundhill Magnificent Seven Covered Call ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, MAGY returned 15.49% vs -34.22% for BAGY. At a 0.42 correlation, their price movements are largely independent. MAGY charges 0.99%/yr vs 0.65%/yr for BAGY.

Performance

MAGY vs. BAGY - Performance Comparison

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

Returns By Period

In the year-to-date period, MAGY achieves a -0.24% return, which is significantly higher than BAGY's -19.71% return.

MAGY

• 1D: -0.87%
• 1M: 3.12%
• YTD: -0.24%
• 6M: 0.69%
• 1Y: 15.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAGY

• 1D: -6.53%
• 1M: -16.99%
• YTD: -19.71%
• 6M: -21.04%
• 1Y: -34.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGY vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	-0.24%	25.07%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-19.71%	-8.88%

Correlation

The correlation between MAGY and BAGY 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 Apr 30, 2025	0.42

MAGY vs. BAGY - Sectors Allocation Comparison

Sectors	MAGY	BAGY
Financial Services	99.9%	26.5%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

MAGY vs. BAGY — Risk / Return Rank

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

MAGY

MAGY Risk / Return Rank: 28
MAGY Sharpe Ratio Rank: 30
MAGY Sortino Ratio Rank: 27
MAGY Omega Ratio Rank: 31
MAGY Calmar Ratio Rank: 23
MAGY Martin Ratio Rank: 26

BAGY

BAGY Risk / Return Rank: 2
BAGY Sharpe Ratio Rank: 2
BAGY Sortino Ratio Rank: 2
BAGY Omega Ratio Rank: 2
BAGY Calmar Ratio Rank: 2
BAGY Martin Ratio Rank: 2

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. BAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven Covered Call ETF (MAGY) and Amplify Bitcoin Max Income Covered Call ETF (BAGY). 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	BAGY	Difference
Sharpe ratio Return per unit of total volatility	1.09	-0.82	+1.91
Sortino ratio Return per unit of downside risk	1.48	-1.06	+2.54
Omega ratio Gain probability vs. loss probability	1.21	0.87	+0.33
Calmar ratio Return relative to maximum drawdown	1.12	-0.72	+1.84
Martin ratio Return relative to average drawdown	3.72	-1.31	+5.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAGY vs. BAGY - Sharpe Ratio Comparison

The current MAGY Sharpe Ratio is 1.09, which is higher than the BAGY Sharpe Ratio of -0.82. The chart below compares the historical Sharpe Ratios of MAGY and BAGY, 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

	MAGY	BAGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	-0.82	+1.91
Sharpe Ratio (All Time) Calculated using the full available price history	1.64	-0.61	+2.25

Drawdowns

MAGY vs. BAGY - Drawdown Comparison

The maximum MAGY drawdown since its inception was -14.29%, smaller than the maximum BAGY drawdown of -47.52%. Use the drawdown chart below to compare losses from any high point for MAGY and BAGY.

Drawdown Indicators

	MAGY	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-47.52%	+33.23%
Max Drawdown (1Y) Largest decline over 1 year	-14.29%	-47.52%	+33.23%
Current Drawdown Current decline from peak	-2.41%	-43.51%	+41.10%
Average Drawdown Average peak-to-trough decline	-2.69%	-19.52%	+16.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	26.12%	-21.83%

Volatility

MAGY vs. BAGY - Volatility Comparison

The current volatility for Roundhill Magnificent Seven Covered Call ETF (MAGY) is 3.39%, while Amplify Bitcoin Max Income Covered Call ETF (BAGY) has a volatility of 9.99%. This indicates that MAGY experiences smaller price fluctuations and is considered to be less risky than BAGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGY	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	9.99%	-6.60%
Volatility (6M) Calculated over the trailing 6-month period	11.21%	33.72%	-22.51%
Volatility (1Y) Calculated over the trailing 1-year period	14.32%	41.85%	-27.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	40.85%	-26.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.54%	40.85%	-26.31%

MAGY vs. BAGY - Expense Ratio Comparison

MAGY has a 0.99% expense ratio, which is higher than BAGY's 0.65% expense ratio.

Dividends

MAGY vs. BAGY - Dividend Comparison

MAGY's dividend yield for the trailing twelve months is around 36.88%, less than BAGY's 56.66% yield.

Position	TTM	2025
BAGY Amplify Bitcoin Max Income Covered Call ETF	56.66%	30.16%
MAGY Roundhill Magnificent Seven Covered Call ETF	36.88%	23.38%

Frequently Asked Questions

Can I hold both MAGY and BAGY in my portfolio?

MAGY and BAGY 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, MAGY or BAGY?

BAGY has higher volatility (9.99%) compared to MAGY (3.39%). In terms of maximum drawdown, MAGY dropped -14.29% vs BAGY's -47.52%.

Which ETF is better, MAGY or BAGY?

On 1-year performance, MAGY leads with 15.49% vs -34.22% for BAGY. On fees, BAGY is cheaper at 0.65% per year. On volatility, MAGY has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGY or BAGY?

Over the 1-year period, MAGY has performed better with a 15.49% return vs -34.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGY or BAGY?

BAGY is cheaper with a 0.65% expense ratio, compared with 0.99% for MAGY.

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

BAGY has the higher dividend yield at 56.66%, compared with 36.88% for MAGY.

What is the main difference between MAGY and BAGY?

They also come from different issuers: Roundhill and Amplify. Their fees differ too: 0.99% for MAGY and 0.65% for BAGY.

Which has better risk-adjusted returns?

MAGY currently has the higher Sharpe Ratio (1.09 vs -0.82), 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.