MAGY vs. GDXW

Last updated Jun 4, 2026

MAGY (Roundhill Magnificent Seven Covered Call ETF) and GDXW (Roundhill Gold Miners Weeklypay ETF) are both exchange-traded funds - MAGY is a Derivative Income fund actively managed by Roundhill, while GDXW is a Gold fund actively managed by Roundhill. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

MAGY vs. GDXW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven Covered Call ETF (MAGY) and Roundhill Gold Miners Weeklypay ETF (GDXW). 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 higher than GDXW's -4.89% return.

MAGY

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

GDXW

• 1D: -4.02%
• 1M: -1.27%
• YTD: -4.89%
• 6M: 2.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGY vs. GDXW - Yearly Performance Comparison

	2026 (YTD)	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	-1.50%	-0.88%
GDXW Roundhill Gold Miners Weeklypay ETF	-4.89%	21.25%

Correlation

The correlation between MAGY and GDXW is 0.33, 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 31, 2025	0.33

Return for Risk

MAGY vs. GDXW — 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. GDXW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven Covered Call ETF (MAGY) and Roundhill Gold Miners Weeklypay ETF (GDXW). 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	GDXW	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	GDXW	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	0.45	+1.08

Drawdowns

MAGY vs. GDXW - Drawdown Comparison

The maximum MAGY drawdown since its inception was -14.29%, smaller than the maximum GDXW drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for MAGY and GDXW.

Drawdown Indicators

	MAGY	GDXW	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-36.83%	+22.54%
Max Drawdown (1Y) Largest decline over 1 year	-14.29%	—	—
Current Drawdown Current decline from peak	-3.64%	-32.99%	+29.35%
Average Drawdown Average peak-to-trough decline	-2.69%	-13.45%	+10.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	—	—

Volatility

Volatility by Period

	MAGY	GDXW	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%	61.39%	-47.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.57%	61.39%	-46.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.57%	61.39%	-46.82%

MAGY vs. GDXW - Expense Ratio Comparison

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

Dividends

MAGY vs. GDXW - Dividend Comparison

MAGY's dividend yield for the trailing twelve months is around 37.35%, less than GDXW's 39.39% yield.

Position	TTM	2025
GDXW Roundhill Gold Miners Weeklypay ETF	39.39%	7.48%
MAGY Roundhill Magnificent Seven Covered Call ETF	37.35%	23.38%

Frequently Asked Questions

Can I hold both MAGY and GDXW in my portfolio?

MAGY and GDXW have a correlation of 0.33, 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 GDXW?

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 GDXW?

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

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

GDXW has the higher dividend yield at 39.39%, compared with 37.35% for MAGY.

What is the main difference between MAGY and GDXW?

MAGY is categorized as Derivative Income, while GDXW is Gold.