XDIV vs. MAGY

Last updated Jun 4, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and MAGY (Roundhill Magnificent Seven Covered Call ETF) are both exchange-traded funds - XDIV is a S&P 500 fund actively managed by Roundhill, while MAGY is a Derivative Income fund actively managed by Roundhill. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. XDIV charges 0.09%/yr vs 0.99%/yr for MAGY.

Performance

XDIV vs. MAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 No Dividend Target ETF (XDIV) 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, XDIV achieves a 10.63% return, which is significantly higher than MAGY's -1.50% return.

XDIV

• 1D: -0.67%
• 1M: 5.14%
• YTD: 10.63%
• 6M: 10.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGY

• 1D: -1.26%
• 1M: 1.86%
• YTD: -1.50%
• 6M: -0.71%
• 1Y: 13.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDIV vs. MAGY - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	10.63%	9.90%
MAGY Roundhill Magnificent Seven Covered Call ETF	-1.50%	10.15%

Correlation

The correlation between XDIV and MAGY is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.75

XDIV vs. MAGY - Sectors Allocation Comparison

Sectors	XDIV	MAGY
Technology	36.2%	-
Financial Services	11.9%	99.9%
Communication Services	10.9%	-
Consumer Cyclical	10.1%	-
Healthcare	8.4%	-
Industrials	8.1%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

XDIV vs. MAGY — Risk / Return Rank

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

MAGY

MAGY Risk / Return Rank: 24
MAGY Sharpe Ratio Rank: 26
MAGY Sortino Ratio Rank: 24
MAGY Omega Ratio Rank: 26
MAGY Calmar Ratio Rank: 21
MAGY Martin Ratio Rank: 24

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.

XDIV vs. MAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 No Dividend Target ETF (XDIV) 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.

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

Sharpe Ratios by Period

	XDIV	MAGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	1.53	+0.45

Drawdowns

XDIV vs. MAGY - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum MAGY drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for XDIV and MAGY.

Drawdown Indicators

	XDIV	MAGY	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-14.29%	+5.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-0.67%	-3.64%	+2.97%
Average Drawdown Average peak-to-trough decline	-1.20%	-2.69%	+1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.29%	—

Volatility

Volatility by Period

	XDIV	MAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	14.38%	-2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	14.57%	-2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	14.57%	-2.26%

XDIV vs. MAGY - Expense Ratio Comparison

XDIV has a 0.09% expense ratio, which is lower than MAGY's 0.99% expense ratio.

Dividends

XDIV vs. MAGY - Dividend Comparison

XDIV has not paid dividends to shareholders, while MAGY's dividend yield for the trailing twelve months is around 37.35%.

Position	TTM	2025
MAGY Roundhill Magnificent Seven Covered Call ETF	37.35%	23.38%
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDIV and MAGY in my portfolio?

XDIV and MAGY have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDIV or MAGY?

On fees, XDIV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDIV or MAGY?

XDIV is cheaper with a 0.09% expense ratio, compared with 0.99% for MAGY.

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

MAGY has the higher dividend yield at 37.35%, compared with 0.00% for XDIV.

What is the main difference between XDIV and MAGY?

XDIV is categorized as S&P 500, while MAGY is Derivative Income. Their fees differ too: 0.09% for XDIV and 0.99% for MAGY.