MLPI vs. MAGY

Last updated Apr 1, 2026

Compare and contrast key facts about Neos MLP & Energy Infrastructure High Income ETF (MLPI) and Roundhill Magnificent Seven Covered Call ETF (MAGY).

MLPI and MAGY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025. MAGY is an actively managed fund by Roundhill. It was launched on Apr 23, 2025.

Performance

MLPI vs. MAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neos MLP & Energy Infrastructure High Income ETF (MLPI) and Roundhill Magnificent Seven Covered Call ETF (MAGY). The values are adjusted to include any dividend payments, if applicable.

MLPI vs. MAGY - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.27%	0.56%
MAGY Roundhill Magnificent Seven Covered Call ETF	-9.64%	0.51%

Returns By Period

In the year-to-date period, MLPI achieves a 17.27% return, which is significantly higher than MAGY's -9.64% return.

MLPI

• 1D: -0.40%
• 1M: 3.16%
• YTD: 17.27%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGY

• 1D: 2.97%
• 1M: -4.78%
• YTD: -9.64%
• 6M: -7.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MLPI vs. MAGY - Expense Ratio Comparison

MLPI has a 0.68% expense ratio, which is lower than MAGY's 0.99% expense ratio.

MAGY

Roundhill Magnificent Seven Covered Call ETF

MLPI

Neos MLP & Energy Infrastructure High Income ETF

Return for Risk

MLPI vs. MAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos MLP & Energy Infrastructure High Income ETF (MLPI) 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

	MLPI	MAGY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	7.48	1.06	+6.43

Correlation

The correlation between MLPI and MAGY is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MLPI vs. MAGY - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 3.49%, less than MAGY's 37.14% yield.

	TTM	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	3.49%	0.00%
MAGY Roundhill Magnificent Seven Covered Call ETF	37.14%	23.38%

Drawdowns

MLPI vs. MAGY - Drawdown Comparison

The maximum MLPI drawdown since its inception was -2.78%, smaller than the maximum MAGY drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for MLPI and MAGY.

Drawdown Indicators

	MLPI	MAGY	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-14.29%	+11.51%
Current Drawdown Current decline from peak	-1.19%	-11.60%	+10.41%
Average Drawdown Average peak-to-trough decline	-0.60%	-2.20%	+1.60%

Volatility

Volatility by Period

	MLPI	MAGY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.12%	14.87%	-3.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	14.87%	-3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.12%	14.87%	-3.75%