MAGY vs. XDTE

Last updated Aug 2, 2026

MAGY (Roundhill Magnificent Seven Covered Call ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, MAGY returned 1.42% vs 20.16% for XDTE. Their 0.75 correlation means they have sometimes moved together and sometimes differently. MAGY charges 0.99%/yr vs 0.97%/yr for XDTE.

Performance

MAGY vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven Covered Call ETF (MAGY) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGY achieves a -6.83% return, which is significantly lower than XDTE's 9.12% return.

MAGY

• 1D: 2.29%
• 1M: 0.52%
• 6M: -7.69%
• YTD: -6.83%
• 1Y: 1.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.75%

XDTE

• 1D: 0.76%
• 1M: 0.82%
• 6M: 6.90%
• YTD: 9.12%
• 1Y: 20.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.39%

*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	$1.76M	$2.00M	$2.81M
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	$6.56M	$7.73M	$7.48M

MAGY vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	-6.83%	26.42%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	9.12%	30.24%

Correlation

The correlation between MAGY and XDTE is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.75

The correlation between MAGY and XDTE has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.

MAGY vs. XDTE - Sectors Allocation Comparison

Sectors	MAGY	XDTE
Financial Services	100.0%	11.1%
Basic Materials	-	1.7%
Communication Services	-	10.6%
Consumer Cyclical	-	9.9%
Consumer Defensive	-	4.5%
Energy	-	3.1%
Healthcare	-	8.3%
Industrials	-	7.8%
Real Estate	-	1.8%
Technology	-	39.0%
Utilities	-	2.1%

Return for Risk

MAGY vs. XDTE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MAGY

MAGY Risk / Return Rank: 10
MAGY Sharpe Ratio Rank: 10
MAGY Sortino Ratio Rank: 10
MAGY Omega Ratio Rank: 10
MAGY Calmar Ratio Rank: 10
MAGY Martin Ratio Rank: 10

XDTE

XDTE Risk / Return Rank: 69
XDTE Sharpe Ratio Rank: 68
XDTE Sortino Ratio Rank: 63
XDTE Omega Ratio Rank: 66
XDTE Calmar Ratio Rank: 69
XDTE Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MAGY vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven Covered Call ETF (MAGY) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	1.53	-1.58
Sortino ratio: Return per unit of downside risk	0.04	2.09	-2.05
Omega ratio: Gain probability vs. loss probability	1.01	1.28	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.06	2.39	-2.45
Martin ratio: Return relative to average drawdown	-0.16	10.12	-10.28

MAGY vs. XDTE - Sharpe Ratio Comparison

The current MAGY Sharpe Ratio is -0.05, which is lower than the XDTE Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of MAGY and XDTE, 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. XDTE - Drawdown Comparison

The maximum MAGY drawdown since its inception was -14.29%, smaller than the maximum XDTE drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for MAGY and XDTE.

Drawdown Indicators

	MAGY	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-19.09%	+4.80%
Max Drawdown (1Y) Largest decline over 1 year	-14.29%	-7.68%	-6.61%
Current Drawdown Current decline from peak	-8.86%	-0.60%	-8.26%
Average Drawdown Average peak-to-trough decline	-3.41%	-2.26%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	1.81%	+3.72%

Volatility

MAGY vs. XDTE - Volatility Comparison

Roundhill Magnificent Seven Covered Call ETF (MAGY) has a higher volatility of 6.83% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 3.48%. This indicates that MAGY's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGY	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.83%	3.48%	+3.35%
Volatility (6M) Calculated over the trailing 6-month period	14.10%	9.30%	+4.80%
Volatility (1Y) Calculated over the trailing 1-year period	16.87%	11.96%	+4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	13.86%	+2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.18%	13.86%	+2.32%

MAGY vs. XDTE - Expense Ratio Comparison

MAGY has a 0.99% expense ratio, which is higher than XDTE's 0.97% expense ratio.

Dividends

MAGY vs. XDTE - Dividend Comparison

MAGY's dividend yield for the trailing twelve months is around 39.90%, more than XDTE's 32.04% yield.

Position	TTM	2025	2024
MAGY Roundhill Magnificent Seven Covered Call ETF	38.99%	23.38%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	32.04%	39.16%	20.35%

Frequently Asked Questions

Can I hold both MAGY and XDTE in my portfolio?

MAGY and XDTE have a correlation of 0.77, 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 XDTE?

MAGY has higher volatility (6.83%) compared to XDTE (3.48%). In terms of maximum drawdown, MAGY dropped -14.29% vs XDTE's -19.09%.

Which ETF is better, MAGY or XDTE?

On 1-year performance, XDTE leads with 20.16% vs 1.42% for MAGY. On fees, XDTE is cheaper at 0.97% per year. On volatility, XDTE has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGY or XDTE?

Over the 1-year period, XDTE has performed better with a 20.16% return vs 1.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGY or XDTE?

XDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for MAGY.

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

MAGY has the higher dividend yield at 38.99%, compared with 32.04% for XDTE.

What is the main difference between MAGY and XDTE?

Their fees differ too: 0.99% for MAGY and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.53 vs -0.05), 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.