TPAY vs. MAGS

Last updated Jun 4, 2026

TPAY (Roundhill S&P 500 Target 10 Managed Distribution ETF) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - TPAY is a Derivative Income fund actively managed by Roundhill, while MAGS is a Technology Equities fund actively managed by Roundhill. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. TPAY charges 0.49%/yr vs 0.29%/yr for MAGS.

Performance

TPAY vs. MAGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY) and Roundhill Magnificent Seven ETF (MAGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TPAY

• 1D: -0.57%
• 1M: 5.18%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGS

• 1D: -1.08%
• 1M: 2.17%
• YTD: 3.73%
• 6M: 3.62%
• 1Y: 31.34%
• 3Y*: 33.71%
• 5Y*: —
• 10Y*: —

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

TPAY vs. MAGS - Yearly Performance Comparison

	2026 (YTD)
TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF	10.10%
MAGS Roundhill Magnificent Seven ETF	10.91%

Correlation

The correlation between TPAY and MAGS is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.86

Return for Risk

TPAY vs. MAGS — Risk / Return Rank

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

MAGS

MAGS Risk / Return Rank: 39
MAGS Sharpe Ratio Rank: 44
MAGS Sortino Ratio Rank: 42
MAGS Omega Ratio Rank: 40
MAGS Calmar Ratio Rank: 33
MAGS Martin Ratio Rank: 37

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.

TPAY vs. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY) 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.

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

Sharpe Ratios by Period

	TPAY	MAGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.80	1.55	+1.25

Drawdowns

TPAY vs. MAGS - Drawdown Comparison

The maximum TPAY drawdown since its inception was -8.62%, smaller than the maximum MAGS drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for TPAY and MAGS.

Drawdown Indicators

	TPAY	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-8.62%	-29.91%	+21.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.62%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.91%	—
Current Drawdown Current decline from peak	-0.57%	-3.55%	+2.98%
Average Drawdown Average peak-to-trough decline	-1.82%	-4.70%	+2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.37%	—

Volatility

Volatility by Period

	TPAY	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.17%	20.08%	-5.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.17%	25.94%	-11.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.17%	25.94%	-11.77%

TPAY vs. MAGS - Expense Ratio Comparison

TPAY has a 0.49% expense ratio, which is higher than MAGS's 0.29% expense ratio.

Dividends

TPAY vs. MAGS - Dividend Comparison

TPAY's dividend yield for the trailing twelve months is around 2.32%, more than MAGS's 1.43% yield.

Position	TTM	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	1.43%	1.48%	0.81%	0.44%
TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF	2.32%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TPAY and MAGS in my portfolio?

TPAY and MAGS have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TPAY or MAGS?

On fees, MAGS is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPAY or MAGS?

MAGS is cheaper with a 0.29% expense ratio, compared with 0.49% for TPAY.

Which ETF pays a higher dividend yield, TPAY or MAGS?

TPAY has the higher dividend yield at 2.32%, compared with 1.43% for MAGS.

What is the main difference between TPAY and MAGS?

TPAY is categorized as Derivative Income, while MAGS is Technology Equities. Their fees differ too: 0.49% for TPAY and 0.29% for MAGS.