MAGY vs. MSTY

Last updated Jul 14, 2026

MAGY (Roundhill Magnificent Seven Covered Call ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, MAGY returned 3.72% vs -73.76% for MSTY. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

MAGY vs. MSTY - Performance Comparison

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

Returns By Period

In the year-to-date period, MAGY achieves a -5.47% return, which is significantly higher than MSTY's -35.55% return.

MAGY

• 1D: -0.86%
• 1M: 0.71%
• 6M: -5.58%
• YTD: -5.47%
• 1Y: 3.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTY

• 1D: -2.03%
• 1M: -23.27%
• 6M: -39.01%
• YTD: -35.55%
• 1Y: -73.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGY vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	-5.47%	26.42%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-35.55%	-49.82%

Correlation

The correlation between MAGY and MSTY is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.45

Return for Risk

MAGY vs. MSTY — Risk / Return Rank

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

MAGY

MAGY Risk / Return Rank: 13
MAGY Sharpe Ratio Rank: 13
MAGY Sortino Ratio Rank: 12
MAGY Omega Ratio Rank: 13
MAGY Calmar Ratio Rank: 13
MAGY Martin Ratio Rank: 13

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 0
MSTY Omega Ratio Rank: 0
MSTY Calmar Ratio Rank: 1
MSTY Martin Ratio Rank: 1

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. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven Covered Call ETF (MAGY) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	0.24	-1.15	+1.38
Sortino ratio: Return per unit of downside risk	0.41	-2.35	+2.76
Omega ratio: Gain probability vs. loss probability	1.06	0.75	+0.31
Calmar ratio: Return relative to maximum drawdown	0.26	-0.95	+1.22
Martin ratio: Return relative to average drawdown	0.74	-1.41	+2.15

MAGY vs. MSTY - Sharpe Ratio Comparison

The current MAGY Sharpe Ratio is 0.24, which is higher than the MSTY Sharpe Ratio of -1.15. The chart below compares the historical Sharpe Ratios of MAGY and MSTY, 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. MSTY - Drawdown Comparison

The maximum MAGY drawdown since its inception was -14.29%, smaller than the maximum MSTY drawdown of -77.40%. Use the drawdown chart below to compare losses from any high point for MAGY and MSTY.

Drawdown Indicators

	MAGY	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-77.40%	+63.11%
Max Drawdown (1Y) Largest decline over 1 year	-14.29%	-77.40%	+63.11%
Current Drawdown Current decline from peak	-7.53%	-74.66%	+67.13%
Average Drawdown Average peak-to-trough decline	-3.14%	-28.01%	+24.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.05%	52.19%	-47.14%

Volatility

MAGY vs. MSTY - Volatility Comparison

The current volatility for Roundhill Magnificent Seven Covered Call ETF (MAGY) is 6.10%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 23.76%. This indicates that MAGY experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGY	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	23.76%	-17.66%
Volatility (6M) Calculated over the trailing 6-month period	13.18%	53.06%	-39.88%
Volatility (1Y) Calculated over the trailing 1-year period	15.71%	64.61%	-48.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.53%	72.32%	-56.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.53%	72.32%	-56.79%

MAGY vs. MSTY - Expense Ratio Comparison

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

Dividends

MAGY vs. MSTY - Dividend Comparison

MAGY's dividend yield for the trailing twelve months is around 38.95%, less than MSTY's 289.43% yield.

Position	TTM	2025	2024
MAGY Roundhill Magnificent Seven Covered Call ETF	38.95%	23.38%	0.00%
MSTY YieldMax™ MSTR Option Income Strategy ETF	289.43%	294.61%	104.56%

Frequently Asked Questions

Can I hold both MAGY and MSTY in my portfolio?

MAGY and MSTY have a correlation of 0.45, 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 MSTY?

MSTY has higher volatility (23.76%) compared to MAGY (6.10%). In terms of maximum drawdown, MAGY dropped -14.29% vs MSTY's -77.40%.

Which ETF is better, MAGY or MSTY?

On 1-year performance, MAGY leads with 3.72% vs -73.76% for MSTY. Both ETFs have the same 0.99% expense ratio. On volatility, MAGY has been the lower-risk option at 6.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGY or MSTY?

Over the 1-year period, MAGY has performed better with a 3.72% return vs -73.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGY or MSTY?

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

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

MSTY has the higher dividend yield at 289.43%, compared with 38.95% for MAGY.

What is the main difference between MAGY and MSTY?

They also come from different issuers: Roundhill and YieldMax.

Which has better risk-adjusted returns?

MAGY currently has the higher Sharpe Ratio (0.24 vs -1.15), 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.