METV vs. MAGY

Last updated Aug 5, 2026

METV (Roundhill Ball Metaverse ETF) and MAGY (Roundhill Magnificent Seven Covered Call ETF) are both exchange-traded funds - METV is a Technology Equities fund tracking the Ball Metaverse Index - Benchmark TR Net, while MAGY is a Derivative Income fund actively managed by Roundhill. METV is passively managed, while MAGY is actively managed. Over the past year, METV returned 4.54% vs 2.56% for MAGY. Their 0.69 correlation means they have sometimes moved together and sometimes differently. METV charges 0.75%/yr vs 0.99%/yr for MAGY.

Performance

METV vs. MAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Ball Metaverse ETF (METV) 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, METV achieves a 1.19% return, which is significantly higher than MAGY's -4.77% return.

METV

• 1D: 2.00%
• 1M: 1.46%
• 6M: 9.40%
• YTD: 1.19%
• 1Y: 4.54%
• 3Y*: 22.55%
• 5Y*: 5.32%
• 10Y*: —
• ALL TIME*: 4.73%

MAGY

• 1D: 0.24%
• 1M: 2.75%
• 6M: -4.46%
• YTD: -4.77%
• 1Y: 2.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.58%

*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	$1.98M	$2.78M
METV Roundhill Ball Metaverse ETF	$763.15K	$886.46K	$952.24K

METV vs. MAGY - Yearly Performance Comparison

	2026 (YTD)	2025
METV Roundhill Ball Metaverse ETF	1.19%	45.50%
MAGY Roundhill Magnificent Seven Covered Call ETF	-4.77%	26.42%

Correlation

The correlation between METV and MAGY is 0.69, 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.	0.69
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.69

The correlation between METV and MAGY has been stable across timeframes, ranging from 0.69 to 0.69 - a consistent structural relationship.

METV vs. MAGY - Sectors Allocation Comparison

Sectors	METV	MAGY
Technology	54.1%	-
Communication Services	17.7%	-
Consumer Cyclical	7.7%	-
Financial Services	3.1%	100.0%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

METV vs. MAGY — Risk / Return Rank

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

METV

METV Risk / Return Rank: 13
METV Sharpe Ratio Rank: 14
METV Sortino Ratio Rank: 14
METV Omega Ratio Rank: 14
METV Calmar Ratio Rank: 12
METV Martin Ratio Rank: 13

MAGY

MAGY Risk / Return Rank: 13
MAGY Sharpe Ratio Rank: 13
MAGY Sortino Ratio Rank: 12
MAGY Omega Ratio Rank: 13
MAGY Calmar Ratio Rank: 13
MAGY Martin Ratio Rank: 13

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.

METV vs. MAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ball Metaverse ETF (METV) 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.

	METV	MAGY	Difference
Sharpe ratio: Return per unit of total volatility	0.18	0.15	+0.03
Sortino ratio: Return per unit of downside risk	0.42	0.31	+0.11
Omega ratio: Gain probability vs. loss probability	1.05	1.04	+0.01
Calmar ratio: Return relative to maximum drawdown	0.16	0.18	-0.02
Martin ratio: Return relative to average drawdown	0.34	0.46	-0.12

METV vs. MAGY - Sharpe Ratio Comparison

The current METV Sharpe Ratio is 0.18, which is comparable to the MAGY Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of METV and MAGY, 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

METV vs. MAGY - Drawdown Comparison

The maximum METV drawdown since its inception was -59.64%, which is greater than MAGY's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for METV and MAGY.

Drawdown Indicators

	METV	MAGY	Difference
Max Drawdown Largest peak-to-trough decline	-59.64%	-14.29%	-45.35%
Max Drawdown (1Y) Largest decline over 1 year	-28.27%	-14.29%	-13.98%
Max Drawdown (3Y) Largest decline over 3 years	-28.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-59.64%	—	—
Current Drawdown Current decline from peak	-10.50%	-6.84%	-3.66%
Average Drawdown Average peak-to-trough decline	-25.55%	-3.43%	-22.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.37%	5.56%	+7.81%

Volatility

METV vs. MAGY - Volatility Comparison

The current volatility for Roundhill Ball Metaverse ETF (METV) is 6.49%, while Roundhill Magnificent Seven Covered Call ETF (MAGY) has a volatility of 6.94%. This indicates that METV experiences smaller price fluctuations and is considered to be less risky than MAGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METV	MAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	6.94%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	19.50%	14.24%	+5.26%
Volatility (1Y) Calculated over the trailing 1-year period	25.39%	16.81%	+8.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.11%	16.22%	+13.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	16.22%	+13.67%

METV vs. MAGY - Expense Ratio Comparison

METV has a 0.75% expense ratio, which is lower than MAGY's 0.99% expense ratio.

Dividends

METV vs. MAGY - Dividend Comparison

METV's dividend yield for the trailing twelve months is around 0.18%, less than MAGY's 38.14% yield.

Position	TTM	2025	2024	2023	2022
MAGY Roundhill Magnificent Seven Covered Call ETF	38.14%	23.38%	0.00%	0.00%	0.00%
METV Roundhill Ball Metaverse ETF	0.18%	0.18%	0.00%	0.17%	0.09%

Frequently Asked Questions

Can I hold both METV and MAGY in my portfolio?

METV and MAGY have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, METV or MAGY?

MAGY has higher volatility (6.94%) compared to METV (6.49%). In terms of maximum drawdown, METV dropped -59.64% vs MAGY's -14.29%.

Which ETF is better, METV or MAGY?

On 1-year performance, METV leads with 4.54% vs 2.56% for MAGY. On fees, METV is cheaper at 0.75% per year. On volatility, METV has been the lower-risk option at 6.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METV or MAGY?

Over the 1-year period, METV has performed better with a 4.54% return vs 2.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METV or MAGY?

METV is cheaper with a 0.75% expense ratio, compared with 0.99% for MAGY.

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

MAGY has the higher dividend yield at 38.14%, compared with 0.18% for METV.

What is the main difference between METV and MAGY?

METV is categorized as Technology Equities, while MAGY is Derivative Income. Their fees differ too: 0.75% for METV and 0.99% for MAGY.

Which has better risk-adjusted returns?

METV currently has the higher Sharpe Ratio (0.18 vs 0.15), 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.