MEME vs. MAGY

Last updated Aug 4, 2026

MEME (Roundhill Meme Stock ETF) and MAGY (Roundhill Magnificent Seven Covered Call ETF) are both exchange-traded funds - MEME is a Large Cap Growth Equities fund actively managed by Roundhill, while MAGY is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Their 0.46 correlation means their historical movements had little consistent relationship. MEME charges 0.69%/yr vs 0.99%/yr for MAGY.

Performance

MEME vs. MAGY - Performance Comparison

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

Returns By Period

In the year-to-date period, MEME achieves a 22.26% return, which is significantly higher than MAGY's -5.00% return.

MEME

• 1D: 7.82%
• 1M: -9.65%
• 6M: 7.37%
• YTD: 22.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MAGY

• 1D: 1.97%
• 1M: 2.50%
• 6M: -5.82%
• YTD: -5.00%
• 1Y: 3.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.41%

*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	$1.75M	$2.00M	$2.79M
MEME Roundhill Meme Stock ETF	$1.53M	$1.33M	$2.07M

MEME vs. MAGY - Yearly Performance Comparison

	2026 (YTD)	2025
MEME Roundhill Meme Stock ETF	22.26%	-38.00%
MAGY Roundhill Magnificent Seven Covered Call ETF	-5.00%	2.30%

Correlation

The correlation between MEME and MAGY is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.46

MEME vs. MAGY - Sectors Allocation Comparison

Sectors	MEME	MAGY
Technology	81.9%	-
Industrials	7.2%	-
Healthcare	6.2%	-
Communication Services	5.5%	-
Financial Services	5.4%	100.0%
Utilities	4.9%	-
Energy	4.8%	-
Basic Materials	4.6%	-
Consumer Cyclical	4.1%	-
Consumer Defensive	-	-
Real Estate	-	-

Return for Risk

MEME vs. MAGY — Risk / Return Rank

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

MEME

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

MAGY

MAGY Risk / Return Rank: 15
MAGY Sharpe Ratio Rank: 16
MAGY Sortino Ratio Rank: 15
MAGY Omega Ratio Rank: 15
MAGY Calmar Ratio Rank: 15
MAGY Martin Ratio Rank: 15

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.

MEME vs. MAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meme Stock ETF (MEME) and Roundhill Magnificent Seven Covered Call ETF (MAGY). 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.

	MEME	MAGY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.20	—
Sortino ratio: Return per unit of downside risk	—	0.38	—
Omega ratio: Gain probability vs. loss probability	—	1.05	—
Calmar ratio: Return relative to maximum drawdown	—	0.24	—
Martin ratio: Return relative to average drawdown	—	0.62	—

Drawdowns

MEME vs. MAGY - Drawdown Comparison

The maximum MEME drawdown since its inception was -50.08%, which is greater than MAGY's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for MEME and MAGY.

Drawdown Indicators

	MEME	MAGY	Difference
Max Drawdown Largest peak-to-trough decline	-50.08%	-14.29%	-35.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-35.76%	-7.06%	-28.70%
Average Drawdown Average peak-to-trough decline	-29.29%	-3.42%	-25.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.54%	—

Volatility

Volatility by Period

	MEME	MAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	79.35%	16.84%	+62.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.35%	16.24%	+63.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.35%	16.24%	+63.11%

MEME vs. MAGY - Expense Ratio Comparison

MEME has a 0.69% expense ratio, which is lower than MAGY's 0.99% expense ratio.

Dividends

MEME vs. MAGY - Dividend Comparison

MEME has not paid dividends to shareholders, while MAGY's dividend yield for the trailing twelve months is around 38.23%.

Position	TTM	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	38.23%	23.38%
MEME Roundhill Meme Stock ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MEME and MAGY in my portfolio?

MEME and MAGY have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MEME or MAGY?

On fees, MEME is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEME or MAGY?

MEME is cheaper with a 0.69% expense ratio, compared with 0.99% for MAGY.

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

MAGY has the higher dividend yield at 38.23%, compared with 0.00% for MEME.

What is the main difference between MEME and MAGY?

MEME is categorized as Large Cap Growth Equities, while MAGY is Derivative Income. Their fees differ too: 0.69% for MEME and 0.99% for MAGY.