MAGY vs. RDTE

Last updated Jun 5, 2026

MAGY (Roundhill Magnificent Seven Covered Call ETF) and RDTE (Roundhill Small Cap 0DTE Covered Call Strategy ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, MAGY returned 14.55% vs 29.84% for RDTE. A 0.55 correlation means they provide meaningful diversification when combined. MAGY charges 0.99%/yr vs 0.95%/yr for RDTE.

Performance

MAGY vs. RDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven Covered Call ETF (MAGY) and Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGY achieves a -0.35% return, which is significantly lower than RDTE's 13.89% return.

MAGY

• 1D: 1.17%
• 1M: 2.43%
• YTD: -0.35%
• 6M: 0.01%
• 1Y: 14.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RDTE

• 1D: 1.07%
• 1M: 2.01%
• YTD: 13.89%
• 6M: 12.63%
• 1Y: 29.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGY vs. RDTE - Yearly Performance Comparison

	2026 (YTD)	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	-0.35%	26.79%
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	13.89%	27.41%

Correlation

The correlation between MAGY and RDTE is 0.54, 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	0.54
Correlation (All Time) Calculated using the full available price history since Apr 24, 2025	0.55

The correlation between MAGY and RDTE has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.

MAGY vs. RDTE - Sectors Allocation Comparison

Sectors	MAGY	RDTE
Financial Services	99.9%	6.4%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

MAGY vs. RDTE — Risk / Return Rank

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

MAGY

MAGY Risk / Return Rank: 27
MAGY Sharpe Ratio Rank: 29
MAGY Sortino Ratio Rank: 26
MAGY Omega Ratio Rank: 29
MAGY Calmar Ratio Rank: 23
MAGY Martin Ratio Rank: 25

RDTE

RDTE Risk / Return Rank: 57
RDTE Sharpe Ratio Rank: 53
RDTE Sortino Ratio Rank: 51
RDTE Omega Ratio Rank: 48
RDTE Calmar Ratio Rank: 67
RDTE Martin Ratio Rank: 64

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. RDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven Covered Call ETF (MAGY) and Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE). 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	RDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.79	-0.78
Sortino ratio: Return per unit of downside risk	1.39	2.46	-1.07
Omega ratio: Gain probability vs. loss probability	1.19	1.30	-0.11
Calmar ratio: Return relative to maximum drawdown	1.02	3.27	-2.25
Martin ratio: Return relative to average drawdown	3.40	11.37	-7.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAGY vs. RDTE - Sharpe Ratio Comparison

The current MAGY Sharpe Ratio is 1.01, which is lower than the RDTE Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of MAGY and RDTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAGY	RDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	1.79	-0.78
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	1.01	+0.60

Drawdowns

MAGY vs. RDTE - Drawdown Comparison

The maximum MAGY drawdown since its inception was -14.29%, smaller than the maximum RDTE drawdown of -24.32%. Use the drawdown chart below to compare losses from any high point for MAGY and RDTE.

Drawdown Indicators

	MAGY	RDTE	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-24.32%	+10.03%
Max Drawdown (1Y) Largest decline over 1 year	-14.29%	-9.17%	-5.12%
Current Drawdown Current decline from peak	-2.51%	-0.05%	-2.46%
Average Drawdown Average peak-to-trough decline	-2.69%	-4.66%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.30%	2.63%	+1.67%

Volatility

MAGY vs. RDTE - Volatility Comparison

The current volatility for Roundhill Magnificent Seven Covered Call ETF (MAGY) is 3.79%, while Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) has a volatility of 4.98%. This indicates that MAGY experiences smaller price fluctuations and is considered to be less risky than RDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGY	RDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	4.98%	-1.19%
Volatility (6M) Calculated over the trailing 6-month period	11.34%	12.37%	-1.03%
Volatility (1Y) Calculated over the trailing 1-year period	14.41%	16.73%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.58%	19.17%	-4.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.58%	19.17%	-4.59%

MAGY vs. RDTE - Expense Ratio Comparison

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

Dividends

MAGY vs. RDTE - Dividend Comparison

MAGY's dividend yield for the trailing twelve months is around 36.92%, less than RDTE's 46.02% yield.

Position	TTM	2025	2024
MAGY Roundhill Magnificent Seven Covered Call ETF	36.92%	23.38%	0.00%
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	46.02%	50.16%	10.70%

Frequently Asked Questions

Can I hold both MAGY and RDTE in my portfolio?

MAGY and RDTE have a correlation of 0.54, 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 RDTE?

RDTE has higher volatility (4.98%) compared to MAGY (3.79%). In terms of maximum drawdown, MAGY dropped -14.29% vs RDTE's -24.32%.

Which ETF is better, MAGY or RDTE?

On 1-year performance, RDTE leads with 29.84% vs 14.55% for MAGY. On fees, RDTE is cheaper at 0.95% per year. On volatility, MAGY has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGY or RDTE?

Over the 1-year period, RDTE has performed better with a 29.84% return vs 14.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGY or RDTE?

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

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

RDTE has the higher dividend yield at 46.02%, compared with 36.92% for MAGY.

What is the main difference between MAGY and RDTE?

Their fees differ too: 0.99% for MAGY and 0.95% for RDTE.

Which has better risk-adjusted returns?

RDTE currently has the higher Sharpe Ratio (1.79 vs 1.01), 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.