SPHY vs. MAGS
SPHY (SPDR Portfolio High Yield Bond ETF) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - SPHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Index, while MAGS is a Technology Equities fund actively managed by Roundhill. SPHY is passively managed, while MAGS is actively managed. Over the past 3 years, SPHY returned 8.43%/yr vs 28.94%/yr for MAGS. Their 0.50 correlation means their historical movements had little consistent relationship. SPHY charges 0.05%/yr vs 0.30%/yr for MAGS.
Performance
SPHY vs. MAGS - Performance Comparison
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Returns By Period
SPHY
- 1D
- 0.04%
- 1M
- -0.17%
- 6M
- 1.20%
- YTD
- 1.84%
- 1Y
- 5.46%
- 3Y*
- 8.43%
- 5Y*
- 4.19%
- 10Y*
- 4.92%
- ALL TIME*
- 4.94%
MAGS
- 1D
- 3.19%
- 1M
- 0.18%
- 6M
- -0.29%
- YTD
- 0.00%
- 1Y
- 14.23%
- 3Y*
- 28.94%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $254.73M | $303.60M | $278.63M | |
| $242.17M | $164.39M | $124.54M |
SPHY vs. MAGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPHY SPDR Portfolio High Yield Bond ETF | 1.84% | 8.59% | 8.54% | 8.78% |
MAGS Roundhill Magnificent Seven ETF | 0.00% | 22.99% | 63.97% | 35.74% |
Correlation
The correlation between SPHY and MAGS is 0.59, 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. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023 | 0.50 |
The correlation between SPHY and MAGS has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.
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Return for Risk
SPHY vs. MAGS — Risk / Return Rank
SPHY
MAGS
SPHY vs. MAGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio High Yield Bond ETF (SPHY) and Roundhill Magnificent Seven ETF (MAGS). 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.
| SPHY | MAGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.12 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 0.77 | +1.51 |
| Martin ratioReturn relative to average drawdown | 10.10 | 2.26 | +7.84 |
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Drawdowns
SPHY vs. MAGS - Drawdown Comparison
The maximum SPHY drawdown since its inception was -21.97%, smaller than the maximum MAGS drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for SPHY and MAGS.
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Drawdown Indicators
| SPHY | MAGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.97% | -29.91% | +7.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -18.62% | +16.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.85% | -29.91% | +25.06% |
Max Drawdown (5Y)Largest decline over 5 years | -15.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.97% | — | — |
Current DrawdownCurrent decline from peak | -0.43% | -7.02% | +6.59% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -4.86% | +2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 6.31% | -5.77% |
Volatility
SPHY vs. MAGS - Volatility Comparison
The current volatility for SPDR Portfolio High Yield Bond ETF (SPHY) is 0.75%, while Roundhill Magnificent Seven ETF (MAGS) has a volatility of 8.02%. This indicates that SPHY experiences smaller price fluctuations and is considered to be less risky than MAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPHY | MAGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 8.02% | -7.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 17.37% | -14.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 22.30% | -18.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 26.09% | -18.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.83% | 26.09% | -18.26% |
SPHY vs. MAGS - Expense Ratio Comparison
SPHY has a 0.05% expense ratio, which is lower than MAGS's 0.30% expense ratio.
Dividends
SPHY vs. MAGS - Dividend Comparison
SPHY's dividend yield for the trailing twelve months is around 7.25%, more than MAGS's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 1.48% | 1.48% | 0.81% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.25% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Frequently Asked Questions
SPHY and MAGS have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAGS has higher volatility (8.02%) compared to SPHY (0.75%). In terms of maximum drawdown, SPHY dropped -21.97% vs MAGS's -29.91%.
On 3-year performance, MAGS leads with 28.94% vs 8.43% for SPHY. On fees, SPHY is cheaper at 0.05% per year. On volatility, SPHY has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MAGS has performed better with a 28.94% return vs 8.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHY is cheaper with a 0.05% expense ratio, compared with 0.30% for MAGS.
SPHY has the higher dividend yield at 7.25%, compared with 1.48% for MAGS.
SPHY is categorized as High Yield Bonds, while MAGS is Technology Equities. They also come from different issuers: State Street and Roundhill. Their fees differ too: 0.05% for SPHY and 0.30% for MAGS.
SPHY currently has the higher Sharpe Ratio (1.49 vs 0.64), 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.
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