MAGY vs. GPTY

Last updated Jun 23, 2026

MAGY (Roundhill Magnificent Seven Covered Call ETF) and GPTY (YieldMax AI & Tech Portfolio Option Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, MAGY returned 6.22% vs 44.92% for GPTY. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

MAGY vs. GPTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven Covered Call ETF (MAGY) and YieldMax AI & Tech Portfolio Option Income ETF (GPTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGY achieves a -6.36% return, which is significantly lower than GPTY's 31.02% return.

MAGY

• 1D: -1.89%
• 1M: -6.07%
• YTD: -6.36%
• 6M: -6.60%
• 1Y: 6.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPTY

• 1D: -1.15%
• 1M: 5.24%
• YTD: 31.02%
• 6M: 29.37%
• 1Y: 44.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGY vs. GPTY - Yearly Performance Comparison

	2026 (YTD)	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	-6.36%	26.42%
GPTY YieldMax AI & Tech Portfolio Option Income ETF	31.02%	49.05%

Correlation

The correlation between MAGY and GPTY is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.70

The correlation between MAGY and GPTY has been stable across timeframes, ranging from 0.70 to 0.70 - a consistent structural relationship.

MAGY vs. GPTY - Sectors Allocation Comparison

Sectors	MAGY	GPTY
Financial Services	100.0%	4.2%
Basic Materials	-	-
Communication Services	-	9.6%
Consumer Cyclical	-	7.7%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	78.5%
Utilities	-	-

Return for Risk

MAGY vs. GPTY — Risk / Return Rank

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

MAGY

MAGY Risk / Return Rank: 14
MAGY Sharpe Ratio Rank: 14
MAGY Sortino Ratio Rank: 13
MAGY Omega Ratio Rank: 14
MAGY Calmar Ratio Rank: 13
MAGY Martin Ratio Rank: 15

GPTY

GPTY Risk / Return Rank: 48
GPTY Sharpe Ratio Rank: 54
GPTY Sortino Ratio Rank: 49
GPTY Omega Ratio Rank: 51
GPTY Calmar Ratio Rank: 48
GPTY Martin Ratio Rank: 40

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. GPTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven Covered Call ETF (MAGY) and YieldMax AI & Tech Portfolio Option Income ETF (GPTY). 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	GPTY	Difference
Sharpe ratio: Return per unit of total volatility	0.41	1.78	-1.37
Sortino ratio: Return per unit of downside risk	0.62	2.34	-1.72
Omega ratio: Gain probability vs. loss probability	1.09	1.31	-0.23
Calmar ratio: Return relative to maximum drawdown	0.44	2.34	-1.90
Martin ratio: Return relative to average drawdown	1.37	6.11	-4.74

MAGY vs. GPTY - Sharpe Ratio Comparison

The current MAGY Sharpe Ratio is 0.41, which is lower than the GPTY Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of MAGY and GPTY, 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

MAGY vs. GPTY - Drawdown Comparison

The maximum MAGY drawdown since its inception was -14.29%, smaller than the maximum GPTY drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for MAGY and GPTY.

Drawdown Indicators

	MAGY	GPTY	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-26.62%	+12.33%
Max Drawdown (1Y) Largest decline over 1 year	-14.29%	-19.32%	+5.03%
Current Drawdown Current decline from peak	-8.40%	-5.28%	-3.12%
Average Drawdown Average peak-to-trough decline	-2.86%	-6.50%	+3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.56%	7.37%	-2.81%

Volatility

MAGY vs. GPTY - Volatility Comparison

The current volatility for Roundhill Magnificent Seven Covered Call ETF (MAGY) is 6.73%, while YieldMax AI & Tech Portfolio Option Income ETF (GPTY) has a volatility of 11.98%. This indicates that MAGY experiences smaller price fluctuations and is considered to be less risky than GPTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGY	GPTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.73%	11.98%	-5.25%
Volatility (6M) Calculated over the trailing 6-month period	12.73%	20.29%	-7.56%
Volatility (1Y) Calculated over the trailing 1-year period	15.36%	25.47%	-10.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.43%	29.64%	-14.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.43%	29.64%	-14.21%

MAGY vs. GPTY - Expense Ratio Comparison

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

Dividends

MAGY vs. GPTY - Dividend Comparison

MAGY's dividend yield for the trailing twelve months is around 39.51%, more than GPTY's 33.89% yield.

Position	TTM	2025
GPTY YieldMax AI & Tech Portfolio Option Income ETF	33.89%	34.23%
MAGY Roundhill Magnificent Seven Covered Call ETF	39.51%	23.38%

Frequently Asked Questions

Can I hold both MAGY and GPTY in my portfolio?

MAGY and GPTY have a correlation of 0.70, 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 GPTY?

GPTY has higher volatility (11.98%) compared to MAGY (6.73%). In terms of maximum drawdown, MAGY dropped -14.29% vs GPTY's -26.62%.

Which ETF is better, MAGY or GPTY?

On 1-year performance, GPTY leads with 44.92% vs 6.22% for MAGY. Both ETFs have the same 0.99% expense ratio. On volatility, MAGY has been the lower-risk option at 6.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGY or GPTY?

Over the 1-year period, GPTY has performed better with a 44.92% return vs 6.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGY or GPTY?

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

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

MAGY has the higher dividend yield at 39.51%, compared with 33.89% for GPTY.

What is the main difference between MAGY and GPTY?

They also come from different issuers: Roundhill and YieldMax.

Which has better risk-adjusted returns?

GPTY currently has the higher Sharpe Ratio (1.78 vs 0.41), 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.