MAGY vs. OMAH

Last updated Jul 29, 2026

MAGY (Roundhill Magnificent Seven Covered Call ETF) and OMAH (VistaShares Target 15™ Berkshire Select Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, MAGY returned -3.31% vs 13.40% for OMAH. Their 0.31 correlation means their historical movements had little consistent relationship. MAGY charges 0.99%/yr vs 0.95%/yr for OMAH.

Performance

MAGY vs. OMAH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven Covered Call ETF (MAGY) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGY achieves a -9.76% return, which is significantly lower than OMAH's 10.29% return.

MAGY

• 1D: 0.55%
• 1M: -0.26%
• 6M: -9.96%
• YTD: -9.76%
• 1Y: -3.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.00%

OMAH

• 1D: 1.12%
• 1M: 4.07%
• 6M: 11.96%
• YTD: 10.29%
• 1Y: 13.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.25%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAGY Roundhill Magnificent Seven Covered Call ETF	$1.71M	$2.05M	$2.86M
OMAH VistaShares Target 15™ Berkshire Select Income ETF	$17.49M	$17.48M	$16.04M

MAGY vs. OMAH - Yearly Performance Comparison

	2026 (YTD)	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	-9.76%	26.42%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	10.29%	11.73%

Correlation

The correlation between MAGY and OMAH is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.31

MAGY vs. OMAH - Sectors Allocation Comparison

Sectors	MAGY	OMAH
Financial Services	100.0%	39.1%
Basic Materials	-	-
Communication Services	-	19.1%
Consumer Cyclical	-	4.1%
Consumer Defensive	-	12.7%
Energy	-	7.7%
Healthcare	-	5.0%
Industrials	-	5.9%
Real Estate	-	-
Technology	-	10.5%
Utilities	-	-

Return for Risk

MAGY vs. OMAH — Risk / Return Rank

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

MAGY

MAGY Risk / Return Rank: 8
MAGY Sharpe Ratio Rank: 9
MAGY Sortino Ratio Rank: 8
MAGY Omega Ratio Rank: 8
MAGY Calmar Ratio Rank: 8
MAGY Martin Ratio Rank: 7

OMAH

OMAH Risk / Return Rank: 76
OMAH Sharpe Ratio Rank: 71
OMAH Sortino Ratio Rank: 70
OMAH Omega Ratio Rank: 66
OMAH Calmar Ratio Rank: 93
OMAH Martin Ratio Rank: 81

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. OMAH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven Covered Call ETF (MAGY) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). 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	OMAH	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	1.60	-1.80
Sortino ratio: Return per unit of downside risk	-0.16	2.26	-2.42
Omega ratio: Gain probability vs. loss probability	0.98	1.28	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.23	4.57	-4.80
Martin ratio: Return relative to average drawdown	-0.61	10.66	-11.28

MAGY vs. OMAH - Sharpe Ratio Comparison

The current MAGY Sharpe Ratio is -0.20, which is lower than the OMAH Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of MAGY and OMAH, 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. OMAH - Drawdown Comparison

The maximum MAGY drawdown since its inception was -14.29%, which is greater than OMAH's maximum drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for MAGY and OMAH.

Drawdown Indicators

	MAGY	OMAH	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-11.83%	-2.46%
Max Drawdown (1Y) Largest decline over 1 year	-14.29%	-2.95%	-11.34%
Current Drawdown Current decline from peak	-11.73%	0.00%	-11.73%
Average Drawdown Average peak-to-trough decline	-3.34%	-1.24%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.40%	1.28%	+4.12%

Volatility

MAGY vs. OMAH - Volatility Comparison

Roundhill Magnificent Seven Covered Call ETF (MAGY) has a higher volatility of 6.05% compared to VistaShares Target 15™ Berkshire Select Income ETF (OMAH) at 3.15%. This indicates that MAGY's price experiences larger fluctuations and is considered to be riskier than OMAH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGY	OMAH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.05%	3.15%	+2.90%
Volatility (6M) Calculated over the trailing 6-month period	13.67%	5.91%	+7.76%
Volatility (1Y) Calculated over the trailing 1-year period	16.51%	8.41%	+8.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	12.87%	+3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.96%	12.87%	+3.09%

MAGY vs. OMAH - Expense Ratio Comparison

MAGY has a 0.99% expense ratio, which is higher than OMAH's 0.95% expense ratio.

Dividends

MAGY vs. OMAH - Dividend Comparison

MAGY's dividend yield for the trailing twelve months is around 40.33%, more than OMAH's 14.91% yield.

Position	TTM	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	40.33%	23.38%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	14.91%	12.86%

Frequently Asked Questions

Can I hold both MAGY and OMAH in my portfolio?

MAGY and OMAH have a correlation of 0.29, 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 OMAH?

MAGY has higher volatility (6.05%) compared to OMAH (3.15%). In terms of maximum drawdown, MAGY dropped -14.29% vs OMAH's -11.83%.

Which ETF is better, MAGY or OMAH?

On 1-year performance, OMAH leads with 13.40% vs -3.31% for MAGY. On fees, OMAH is cheaper at 0.95% per year. On volatility, OMAH has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGY or OMAH?

Over the 1-year period, OMAH has performed better with a 13.40% return vs -3.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGY or OMAH?

OMAH is cheaper with a 0.95% expense ratio, compared with 0.99% for MAGY.

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

MAGY has the higher dividend yield at 40.33%, compared with 14.91% for OMAH.

What is the main difference between MAGY and OMAH?

They also come from different issuers: Roundhill and VistaShares. Their fees differ too: 0.99% for MAGY and 0.95% for OMAH.

Which has better risk-adjusted returns?

OMAH currently has the higher Sharpe Ratio (1.60 vs -0.20), 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.