WEED vs. MAGY

Last updated Aug 6, 2026

WEED (Roundhill Cannabis ETF) and MAGY (Roundhill Magnificent Seven Covered Call ETF) are both exchange-traded funds - WEED is a Cannabis fund actively managed by Roundhill, while MAGY is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, WEED returned 18.56% vs 2.90% for MAGY. Their 0.20 correlation means their historical movements had little consistent relationship. WEED charges 0.40%/yr vs 0.99%/yr for MAGY.

Performance

WEED vs. MAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Cannabis ETF (WEED) 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, WEED achieves a -8.58% return, which is significantly lower than MAGY's -4.66% return.

WEED

• 1D: -6.32%
• 1M: -8.24%
• 6M: 0.22%
• YTD: -8.58%
• 1Y: 18.56%
• 3Y*: -7.31%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -28.61%

MAGY

• 1D: 0.12%
• 1M: 1.28%
• 6M: -2.87%
• YTD: -4.66%
• 1Y: 2.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAGY Roundhill Magnificent Seven Covered Call ETF	$1.84M	$2.00M	$2.73M
WEED Roundhill Cannabis ETF	$218.39K	$220.76K	$419.77K

WEED vs. MAGY - Yearly Performance Comparison

	2026 (YTD)	2025
WEED Roundhill Cannabis ETF	-8.58%	88.74%
MAGY Roundhill Magnificent Seven Covered Call ETF	-4.66%	26.42%

Correlation

The correlation between WEED and MAGY is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.20

WEED vs. MAGY - Sectors Allocation Comparison

Sectors	WEED	MAGY
Healthcare	60.0%	-
Consumer Defensive	17.3%	-
Real Estate	16.3%	-
Technology	6.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Energy	-	-
Financial Services	-	100.0%
Industrials	-	-
Utilities	-	-

Return for Risk

WEED vs. MAGY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WEED

WEED Risk / Return Rank: 19
WEED Sharpe Ratio Rank: 13
WEED Sortino Ratio Rank: 28
WEED Omega Ratio Rank: 27
WEED Calmar Ratio Rank: 15
WEED Martin Ratio Rank: 14

MAGY

MAGY Risk / Return Rank: 13
MAGY Sharpe Ratio Rank: 13
MAGY Sortino Ratio Rank: 13
MAGY Omega Ratio Rank: 13
MAGY Calmar Ratio Rank: 13
MAGY Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WEED vs. MAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Cannabis ETF (WEED) 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.

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.

	WEED	MAGY	Difference
Sharpe ratio: Return per unit of total volatility	0.17	0.17	-0.01
Sortino ratio: Return per unit of downside risk	1.19	0.34	+0.86
Omega ratio: Gain probability vs. loss probability	1.14	1.05	+0.09
Calmar ratio: Return relative to maximum drawdown	0.35	0.20	+0.14
Martin ratio: Return relative to average drawdown	0.60	0.52	+0.07

WEED vs. MAGY - Sharpe Ratio Comparison

The current WEED Sharpe Ratio is 0.17, which is comparable to the MAGY Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of WEED and MAGY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEED vs. MAGY - Drawdown Comparison

The maximum WEED drawdown since its inception was -88.37%, which is greater than MAGY's maximum drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for WEED and MAGY.

Drawdown Indicators

	WEED	MAGY	Difference
Max Drawdown Largest peak-to-trough decline	-88.37%	-14.29%	-74.08%
Max Drawdown (1Y) Largest decline over 1 year	-54.01%	-14.29%	-39.72%
Max Drawdown (3Y) Largest decline over 3 years	-81.50%	—	—
Current Drawdown Current decline from peak	-76.47%	-6.73%	-69.74%
Average Drawdown Average peak-to-trough decline	-63.98%	-3.44%	-60.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.27%	5.58%	+25.69%

Volatility

WEED vs. MAGY - Volatility Comparison

Roundhill Cannabis ETF (WEED) has a higher volatility of 12.68% compared to Roundhill Magnificent Seven Covered Call ETF (MAGY) at 6.93%. This indicates that WEED's price experiences larger fluctuations and is considered to be riskier than MAGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEED	MAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.68%	6.93%	+5.75%
Volatility (6M) Calculated over the trailing 6-month period	56.07%	14.20%	+41.87%
Volatility (1Y) Calculated over the trailing 1-year period	110.94%	16.77%	+94.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.77%	16.19%	+65.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.77%	16.19%	+65.58%

WEED vs. MAGY - Expense Ratio Comparison

WEED has a 0.40% expense ratio, which is lower than MAGY's 0.99% expense ratio.

Dividends

WEED vs. MAGY - Dividend Comparison

WEED has not paid dividends to shareholders, while MAGY's dividend yield for the trailing twelve months is around 38.10%.

Position	TTM	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	38.10%	23.38%
WEED Roundhill Cannabis ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both WEED and MAGY in my portfolio?

WEED and MAGY have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEED or MAGY?

WEED has higher volatility (12.68%) compared to MAGY (6.93%). In terms of maximum drawdown, WEED dropped -88.37% vs MAGY's -14.29%.

Which ETF is better, WEED or MAGY?

On 1-year performance, WEED leads with 18.56% vs 2.90% for MAGY. On fees, WEED is cheaper at 0.40% per year. On volatility, MAGY has been the lower-risk option at 6.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEED or MAGY?

Over the 1-year period, WEED has performed better with a 18.56% return vs 2.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEED or MAGY?

WEED is cheaper with a 0.40% expense ratio, compared with 0.99% for MAGY.

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

MAGY has the higher dividend yield at 38.10%, compared with 0.00% for WEED.

What is the main difference between WEED and MAGY?

WEED is categorized as Cannabis, while MAGY is Derivative Income. Their fees differ too: 0.40% for WEED and 0.99% for MAGY.

Which has better risk-adjusted returns?

MAGY currently has the higher Sharpe Ratio (0.17 vs 0.17), 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.