MAGY vs. XPAY

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill Magnificent Seven Covered Call ETF (MAGY) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY).

MAGY and XPAY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAGY is an actively managed fund by Roundhill. It was launched on Apr 23, 2025. XPAY is an actively managed fund by Roundhill. It was launched on Oct 30, 2024.

Performance

MAGY vs. XPAY - 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 Target 20 Managed Distribution ETF (XPAY). The values are adjusted to include any dividend payments, if applicable.

MAGY vs. XPAY - Yearly Performance Comparison

	2026 (YTD)	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	-9.17%	26.79%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	-3.96%	27.64%

Returns By Period

In the year-to-date period, MAGY achieves a -9.17% return, which is significantly lower than XPAY's -3.96% return.

MAGY

• 1D: 0.52%
• 1M: -4.67%
• YTD: -9.17%
• 6M: -7.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XPAY

• 1D: 0.86%
• 1M: -4.45%
• YTD: -3.96%
• 6M: -2.20%
• 1Y: 17.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGY vs. XPAY - Expense Ratio Comparison

MAGY has a 0.99% expense ratio, which is higher than XPAY's 0.49% expense ratio.

MAGY

Roundhill Magnificent Seven Covered Call ETF

XPAY

Roundhill S&P 500 Target 20 Managed Distribution ETF

Return for Risk

MAGY vs. XPAY — Risk / Return Rank

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

XPAY

XPAY Risk / Return Rank: 56
XPAY Sharpe Ratio Rank: 51
XPAY Sortino Ratio Rank: 53
XPAY Omega Ratio Rank: 57
XPAY Calmar Ratio Rank: 57
XPAY 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. XPAY - 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 Target 20 Managed Distribution ETF (XPAY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MAGY	XPAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.64	+0.46

Correlation

The correlation between MAGY and XPAY is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MAGY vs. XPAY - Dividend Comparison

MAGY's dividend yield for the trailing twelve months is around 36.95%, more than XPAY's 22.92% yield.

	TTM	2025	2024
MAGY Roundhill Magnificent Seven Covered Call ETF	36.95%	23.38%	0.00%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	22.92%	21.21%	3.40%

Drawdowns

MAGY vs. XPAY - Drawdown Comparison

The maximum MAGY drawdown since its inception was -14.29%, smaller than the maximum XPAY drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for MAGY and XPAY.

Drawdown Indicators

	MAGY	XPAY	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-18.20%	+3.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.55%	—
Current Drawdown Current decline from peak	-11.14%	-6.03%	-5.11%
Average Drawdown Average peak-to-trough decline	-2.24%	-2.56%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.63%	—

Volatility

Volatility by Period

	MAGY	XPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.84%	18.05%	-3.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	17.25%	-2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	17.25%	-2.41%