MAGY vs. YMAG

Last updated Jun 24, 2026

MAGY (Roundhill Magnificent Seven Covered Call ETF) and YMAG (YieldMax Magnificent 7 Fund of Option Income ETFs) are both Derivative Income funds. Both are actively managed. Over the past year, MAGY returned 3.73% vs 16.69% for YMAG. Their correlation of 0.88 suggests significant overlap in exposure. MAGY charges 0.99%/yr vs 1.28%/yr for YMAG.

Performance

MAGY vs. YMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven Covered Call ETF (MAGY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGY achieves a -7.53% return, which is significantly lower than YMAG's -3.07% return.

MAGY

• 1D: -1.25%
• 1M: -7.24%
• YTD: -7.53%
• 6M: -8.15%
• 1Y: 3.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YMAG

• 1D: -0.87%
• 1M: -7.55%
• YTD: -3.07%
• 6M: -4.07%
• 1Y: 16.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGY vs. YMAG - Yearly Performance Comparison

	2026 (YTD)	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	-7.53%	26.42%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	-3.07%	46.15%

Correlation

The correlation between MAGY and YMAG is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.88

The correlation between MAGY and YMAG has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

MAGY vs. YMAG - Sectors Allocation Comparison

Sectors	MAGY	YMAG
Financial Services	100.0%	99.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

MAGY vs. YMAG — Risk / Return Rank

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

MAGY

MAGY Risk / Return Rank: 11
MAGY Sharpe Ratio Rank: 12
MAGY Sortino Ratio Rank: 11
MAGY Omega Ratio Rank: 11
MAGY Calmar Ratio Rank: 11
MAGY Martin Ratio Rank: 12

YMAG

YMAG Risk / Return Rank: 27
YMAG Sharpe Ratio Rank: 29
YMAG Sortino Ratio Rank: 27
YMAG Omega Ratio Rank: 27
YMAG Calmar Ratio Rank: 25
YMAG Martin Ratio Rank: 29

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. YMAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven Covered Call ETF (MAGY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). 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	YMAG	Difference
Sharpe ratio: Return per unit of total volatility	0.24	1.01	-0.76
Sortino ratio: Return per unit of downside risk	0.42	1.42	-1.01
Omega ratio: Gain probability vs. loss probability	1.06	1.18	-0.12
Calmar ratio: Return relative to maximum drawdown	0.26	1.17	-0.90
Martin ratio: Return relative to average drawdown	0.81	3.84	-3.03

MAGY vs. YMAG - Sharpe Ratio Comparison

The current MAGY Sharpe Ratio is 0.24, which is lower than the YMAG Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of MAGY and YMAG, 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. YMAG - Drawdown Comparison

The maximum MAGY drawdown since its inception was -14.29%, smaller than the maximum YMAG drawdown of -25.96%. Use the drawdown chart below to compare losses from any high point for MAGY and YMAG.

Drawdown Indicators

	MAGY	YMAG	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-25.96%	+11.67%
Max Drawdown (1Y) Largest decline over 1 year	-14.29%	-14.38%	+0.09%
Current Drawdown Current decline from peak	-9.54%	-9.15%	-0.39%
Average Drawdown Average peak-to-trough decline	-2.88%	-4.56%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	4.35%	+0.25%

Volatility

MAGY vs. YMAG - Volatility Comparison

Roundhill Magnificent Seven Covered Call ETF (MAGY) has a higher volatility of 6.76% compared to YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) at 5.86%. This indicates that MAGY's price experiences larger fluctuations and is considered to be riskier than YMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGY	YMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.76%	5.86%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	12.65%	12.60%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	15.38%	16.68%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	20.98%	-5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	20.98%	-5.53%

MAGY vs. YMAG - Expense Ratio Comparison

MAGY has a 0.99% expense ratio, which is lower than YMAG's 1.28% expense ratio.

Dividends

MAGY vs. YMAG - Dividend Comparison

MAGY's dividend yield for the trailing twelve months is around 40.01%, less than YMAG's 53.52% yield.

Position	TTM	2025	2024
MAGY Roundhill Magnificent Seven Covered Call ETF	40.01%	23.38%	0.00%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	53.52%	52.27%	35.22%

Frequently Asked Questions

Can I hold both MAGY and YMAG in my portfolio?

MAGY and YMAG have a correlation of 0.89, 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 YMAG?

MAGY has higher volatility (6.76%) compared to YMAG (5.86%). In terms of maximum drawdown, MAGY dropped -14.29% vs YMAG's -25.96%.

Which ETF is better, MAGY or YMAG?

On 1-year performance, YMAG leads with 16.69% vs 3.73% for MAGY. On fees, MAGY is cheaper at 0.99% per year. On volatility, YMAG has been the lower-risk option at 5.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGY or YMAG?

Over the 1-year period, YMAG has performed better with a 16.69% return vs 3.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGY or YMAG?

MAGY is cheaper with a 0.99% expense ratio, compared with 1.28% for YMAG.

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

YMAG has the higher dividend yield at 53.52%, compared with 40.01% for MAGY.

What is the main difference between MAGY and YMAG?

They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.99% for MAGY and 1.28% for YMAG.

Which has better risk-adjusted returns?

YMAG currently has the higher Sharpe Ratio (1.01 vs 0.24), 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.