METW vs. MAGY

Last updated Jun 4, 2026

METW (Roundhill Meta Weeklypay ETF) and MAGY (Roundhill Magnificent Seven Covered Call ETF) are both exchange-traded funds - METW is a Technology Equities fund tracking the Ball Metaverse Index, while MAGY is a Derivative Income fund actively managed by Roundhill. METW is passively managed, while MAGY is actively managed. A 0.62 correlation means they provide meaningful diversification when combined. METW charges 0.59%/yr vs 0.99%/yr for MAGY.

Performance

METW vs. MAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meta Weeklypay ETF (METW) 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, METW achieves a -8.79% return, which is significantly lower than MAGY's -1.50% return.

METW

• 1D: 5.19%
• 1M: 2.24%
• YTD: -8.79%
• 6M: -5.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGY

• 1D: -1.26%
• 1M: 1.86%
• YTD: -1.50%
• 6M: -0.71%
• 1Y: 13.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METW vs. MAGY - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-8.79%	-8.20%
MAGY Roundhill Magnificent Seven Covered Call ETF	-1.50%	12.63%

Correlation

The correlation between METW and MAGY is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.62

METW vs. MAGY - Sectors Allocation Comparison

Sectors	METW	MAGY
Communication Services	23.2%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	99.9%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

METW vs. MAGY — Risk / Return Rank

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

MAGY

MAGY Risk / Return Rank: 24
MAGY Sharpe Ratio Rank: 26
MAGY Sortino Ratio Rank: 24
MAGY Omega Ratio Rank: 26
MAGY Calmar Ratio Rank: 21
MAGY Martin Ratio Rank: 24

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.

METW vs. MAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meta Weeklypay ETF (METW) 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.

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

Sharpe Ratios by Period

	METW	MAGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	1.53	-1.93

Drawdowns

METW vs. MAGY - Drawdown Comparison

The maximum METW drawdown since its inception was -40.52%, which is greater than MAGY's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for METW and MAGY.

Drawdown Indicators

	METW	MAGY	Difference
Max Drawdown Largest peak-to-trough decline	-40.52%	-14.29%	-26.23%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-27.63%	-3.64%	-23.99%
Average Drawdown Average peak-to-trough decline	-17.31%	-2.69%	-14.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.29%	—

Volatility

Volatility by Period

	METW	MAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.57%	14.38%	+28.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.57%	14.57%	+28.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.57%	14.57%	+28.00%

METW vs. MAGY - Expense Ratio Comparison

METW has a 0.59% expense ratio, which is lower than MAGY's 0.99% expense ratio.

Dividends

METW vs. MAGY - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 55.37%, more than MAGY's 37.35% yield.

Position	TTM	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	37.35%	23.38%
METW Roundhill Meta Weeklypay ETF	55.37%	30.89%

Frequently Asked Questions

Can I hold both METW and MAGY in my portfolio?

METW and MAGY have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METW or MAGY?

On fees, METW is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, METW or MAGY?

METW is cheaper with a 0.59% expense ratio, compared with 0.99% for MAGY.

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

METW has the higher dividend yield at 55.37%, compared with 37.35% for MAGY.

What is the main difference between METW and MAGY?

METW is categorized as Technology Equities, while MAGY is Derivative Income. Their fees differ too: 0.59% for METW and 0.99% for MAGY.