MAGY vs. DRAM

Last updated Jun 24, 2026

MAGY (Roundhill Magnificent Seven Covered Call ETF) and DRAM (Roundhill Memory ETF) are both exchange-traded funds - MAGY is a Derivative Income fund actively managed by Roundhill, while DRAM is a Technology Equities fund actively managed by Roundhill. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. MAGY charges 0.99%/yr vs 0.65%/yr for DRAM.

Performance

MAGY vs. DRAM - Performance Comparison

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

Returns By Period

MAGY

• 1D: -1.25%
• 1M: -7.24%
• YTD: -7.53%
• 6M: -8.15%
• 1Y: 3.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRAM

• 1D: -14.25%
• 1M: 31.05%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGY vs. DRAM - Yearly Performance Comparison

	2026 (YTD)
MAGY Roundhill Magnificent Seven Covered Call ETF	1.80%
DRAM Roundhill Memory ETF	156.37%

Correlation

The correlation between MAGY and DRAM is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	0.51

MAGY vs. DRAM - Sectors Allocation Comparison

Sectors	MAGY	DRAM
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

MAGY vs. DRAM — Risk / Return Rank

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

MAGY

MAGY Risk / Return Rank: 11
MAGY Sharpe Ratio Rank: 12
MAGY Sortino Ratio Rank: 11
MAGY Omega Ratio Rank: 11
MAGY Calmar Ratio Rank: 11
MAGY Martin Ratio Rank: 12

DRAM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. DRAM - Risk-Adjusted Trends Comparison

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

	MAGY	DRAM	Difference
Sharpe ratio: Return per unit of total volatility	0.24	—	—
Sortino ratio: Return per unit of downside risk	0.42	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.26	—	—
Martin ratio: Return relative to average drawdown	0.81	—	—

Drawdowns

MAGY vs. DRAM - Drawdown Comparison

The maximum MAGY drawdown since its inception was -14.29%, smaller than the maximum DRAM drawdown of -19.97%. Use the drawdown chart below to compare losses from any high point for MAGY and DRAM.

Drawdown Indicators

	MAGY	DRAM	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-19.97%	+5.68%
Max Drawdown (1Y) Largest decline over 1 year	-14.29%	—	—
Current Drawdown Current decline from peak	-9.54%	-14.25%	+4.71%
Average Drawdown Average peak-to-trough decline	-2.88%	-3.09%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	—	—

Volatility

Volatility by Period

	MAGY	DRAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.38%	93.22%	-77.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	93.22%	-77.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	93.22%	-77.77%

MAGY vs. DRAM - Expense Ratio Comparison

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

Dividends

MAGY vs. DRAM - Dividend Comparison

MAGY's dividend yield for the trailing twelve months is around 40.01%, while DRAM has not paid dividends to shareholders.

Position	TTM	2025
DRAM Roundhill Memory ETF	0.00%	0.00%
MAGY Roundhill Magnificent Seven Covered Call ETF	40.01%	23.38%

Frequently Asked Questions

Can I hold both MAGY and DRAM in my portfolio?

MAGY and DRAM have a correlation of 0.51, 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 DRAM?

On fees, DRAM is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MAGY or DRAM?

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

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

MAGY has the higher dividend yield at 40.01%, compared with 0.00% for DRAM.

What is the main difference between MAGY and DRAM?

MAGY is categorized as Derivative Income, while DRAM is Technology Equities. Their fees differ too: 0.99% for MAGY and 0.65% for DRAM.