WPAY vs. MAGX

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill WeeklyPay™ Universe ETF (WPAY) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX).

WPAY and MAGX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WPAY is a passively managed fund by Roundhill that tracks the performance of the Solactive Roundhill WeeklyPay™ Universe Index. It was launched on Sep 3, 2025. MAGX is an actively managed fund by Roundhill. It was launched on Feb 28, 2024.

Performance

WPAY vs. MAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill WeeklyPay™ Universe ETF (WPAY) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). The values are adjusted to include any dividend payments, if applicable.

WPAY vs. MAGX - Yearly Performance Comparison

	2026 (YTD)	2025
WPAY Roundhill WeeklyPay™ Universe ETF	-10.65%	-2.47%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	-23.25%	15.06%

Returns By Period

In the year-to-date period, WPAY achieves a -10.65% return, which is significantly higher than MAGX's -23.25% return.

WPAY

• 1D: -1.58%
• 1M: -3.42%
• YTD: -10.65%
• 6M: -19.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGX

• 1D: 2.69%
• 1M: -10.34%
• YTD: -23.25%
• 6M: -21.67%
• 1Y: 37.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WPAY vs. MAGX - Expense Ratio Comparison

WPAY has a 0.99% expense ratio, which is higher than MAGX's 0.95% expense ratio.

WPAY

Roundhill WeeklyPay™ Universe ETF

MAGX

Roundhill Daily 2X Long Magnificent Seven ETF

Return for Risk

WPAY vs. MAGX — Risk / Return Rank

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

MAGX

MAGX Risk / Return Rank: 41
MAGX Sharpe Ratio Rank: 34
MAGX Sortino Ratio Rank: 46
MAGX Omega Ratio Rank: 42
MAGX Calmar Ratio Rank: 43
MAGX Martin Ratio Rank: 38

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.

WPAY vs. MAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill WeeklyPay™ Universe ETF (WPAY) and Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). 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

	WPAY	MAGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	0.57	-1.35

Correlation

The correlation between WPAY and MAGX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

WPAY vs. MAGX - Dividend Comparison

WPAY's dividend yield for the trailing twelve months is around 36.55%, more than MAGX's 2.67% yield.

	TTM	2025	2024
WPAY Roundhill WeeklyPay™ Universe ETF	36.55%	21.51%	0.00%
MAGX Roundhill Daily 2X Long Magnificent Seven ETF	2.67%	2.05%	0.86%

Drawdowns

WPAY vs. MAGX - Drawdown Comparison

The maximum WPAY drawdown since its inception was -26.17%, smaller than the maximum MAGX drawdown of -54.19%. Use the drawdown chart below to compare losses from any high point for WPAY and MAGX.

Drawdown Indicators

	WPAY	MAGX	Difference
Max Drawdown Largest peak-to-trough decline	-26.17%	-54.19%	+28.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-37.24%	—
Current Drawdown Current decline from peak	-25.35%	-29.46%	+4.11%
Average Drawdown Average peak-to-trough decline	-11.92%	-14.08%	+2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.80%	—

Volatility

Volatility by Period

	WPAY	MAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	31.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.83%	57.15%	-28.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.83%	54.60%	-25.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.83%	54.60%	-25.77%