WPAY vs. YMAG

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill WeeklyPay™ Universe ETF (WPAY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG).

WPAY and YMAG 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. YMAG is an actively managed fund by YieldMax. It was launched on Jan 29, 2024.

Performance

WPAY vs. YMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill WeeklyPay™ Universe ETF (WPAY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). The values are adjusted to include any dividend payments, if applicable.

WPAY vs. YMAG - Yearly Performance Comparison

	2026 (YTD)	2025
WPAY Roundhill WeeklyPay™ Universe ETF	-10.65%	-2.47%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	-9.13%	7.82%

Returns By Period

In the year-to-date period, WPAY achieves a -10.65% return, which is significantly lower than YMAG's -9.13% return.

WPAY

• 1D: -1.58%
• 1M: -3.05%
• YTD: -10.65%
• 6M: -19.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YMAG

• 1D: 3.82%
• 1M: -3.95%
• YTD: -9.13%
• 6M: -6.36%
• 1Y: 25.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WPAY vs. YMAG - Expense Ratio Comparison

WPAY has a 0.99% expense ratio, which is lower than YMAG's 1.28% expense ratio.

YMAG

YieldMax Magnificent 7 Fund of Option Income ETFs

WPAY

Roundhill WeeklyPay™ Universe ETF

Return for Risk

WPAY vs. YMAG — Risk / Return Rank

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

YMAG

YMAG Risk / Return Rank: 69
YMAG Sharpe Ratio Rank: 69
YMAG Sortino Ratio Rank: 71
YMAG Omega Ratio Rank: 68
YMAG Calmar Ratio Rank: 71
YMAG Martin Ratio Rank: 65

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. YMAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill WeeklyPay™ Universe ETF (WPAY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). 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	YMAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	0.91	-1.70

Correlation

The correlation between WPAY and YMAG 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. YMAG - Dividend Comparison

WPAY's dividend yield for the trailing twelve months is around 36.55%, less than YMAG's 55.67% yield.

	TTM	2025	2024
WPAY Roundhill WeeklyPay™ Universe ETF	36.55%	21.51%	0.00%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	55.67%	52.27%	35.22%

Drawdowns

WPAY vs. YMAG - Drawdown Comparison

The maximum WPAY drawdown since its inception was -26.17%, roughly equal to the maximum YMAG drawdown of -25.96%. Use the drawdown chart below to compare losses from any high point for WPAY and YMAG.

Drawdown Indicators

	WPAY	YMAG	Difference
Max Drawdown Largest peak-to-trough decline	-26.17%	-25.96%	-0.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.38%	—
Current Drawdown Current decline from peak	-25.35%	-11.11%	-14.24%
Average Drawdown Average peak-to-trough decline	-11.92%	-4.68%	-7.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.15%	—

Volatility

Volatility by Period

	WPAY	YMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.83%	22.27%	+6.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.83%	21.33%	+7.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.83%	21.33%	+7.50%