TOPW vs. MAGS
TOPW (Roundhill Top WeeklyPay ETF) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - TOPW is a Derivative Income fund tracking the Solactive Roundhill WeeklyPay Universe Index, while MAGS is a Technology Equities fund actively managed by Roundhill. TOPW is passively managed, while MAGS is actively managed. Their correlation of 0.84 means they have usually moved in the same direction. TOPW charges 0.99%/yr vs 0.30%/yr for MAGS.
Performance
TOPW vs. MAGS - Performance Comparison
Loading charts...
Returns By Period
TOPW
- 1D
- 2.78%
- 1M
- 2.62%
- 6M
- 3.61%
- YTD
- 0.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MAGS
- 1D
- 3.19%
- 1M
- 1.32%
- 6M
- -0.29%
- YTD
- 0.00%
- 1Y
- 17.98%
- 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 | |
| $2.24M | $2.19M | $2.72M |
TOPW vs. MAGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 0.61% | -1.33% |
MAGS Roundhill Magnificent Seven ETF | 0.00% | 10.52% |
Correlation
The correlation between TOPW and MAGS is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | 0.84 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TOPW vs. MAGS — Risk / Return Rank
TOPW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MAGS
TOPW vs. MAGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) 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.
| TOPW | MAGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.12 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.77 | — |
| Martin ratioReturn relative to average drawdown | — | 2.26 | — |
Loading charts...
Drawdowns
TOPW vs. MAGS - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, roughly equal to the maximum MAGS drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for TOPW and MAGS.
Loading charts...
Drawdown Indicators
| TOPW | MAGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -29.91% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.91% | — |
Current DrawdownCurrent decline from peak | -15.94% | -7.02% | -8.92% |
Average DrawdownAverage peak-to-trough decline | -13.53% | -4.86% | -8.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.31% | — |
Volatility
TOPW vs. MAGS - Volatility Comparison
Loading charts...
Volatility by Period
| TOPW | MAGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.02% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 22.30% | +5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 26.09% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.68% | 26.09% | +1.59% |
TOPW vs. MAGS - Expense Ratio Comparison
TOPW has a 0.99% expense ratio, which is higher than MAGS's 0.30% expense ratio.
Dividends
TOPW vs. MAGS - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 51.46%, more than MAGS's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MAGS Roundhill Magnificent Seven ETF | 1.48% | 1.48% | 0.81% | 0.44% |
TOPW Roundhill Top WeeklyPay ETF | 51.46% | 21.52% | 0.00% | 0.00% |
Frequently Asked Questions
TOPW and MAGS have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MAGS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MAGS is cheaper with a 0.30% expense ratio, compared with 0.99% for TOPW.
TOPW has the higher dividend yield at 51.46%, compared with 1.48% for MAGS.
TOPW is categorized as Derivative Income, while MAGS is Technology Equities. Their fees differ too: 0.99% for TOPW and 0.30% for MAGS.
Find the right allocation for TOPW and MAGS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer