MAGY: Roundhill Magnificent Seven Covered Call ETF
Roundhill · Index Covered Call / Option Income · Tracks Magnificent 7
Growth of $100
Green is what an investor who reinvested every payout would have; red is the price alone. The gap between them is the income. If the red line keeps falling, the payouts are partly your own money coming back.
Was the payout earned?
Over the last year MAGY paid 34.4% but its total return was -3.6%, so none of the payout was earned: the price fell by more than the fund paid out.
| Earned % (3 months) | 0% |
| Earned % (1 year) | -23% |
| Earned % (full history, up to 5 yrs) | 47% |
Earned % = total return ÷ payouts. 100% means every dollar paid out was earned; below 100% means part of it came from the fund's own value. This is an economic measure based on market price, not the tax label on the payout.
Where the DT Score comes from
Total 33.4 / 100 · rank #284 of 420. How the score works
Risk
| Sortino ratio (1Y) | -0.70 |
| Sharpe ratio (1Y) | -0.55 |
| Steadiness vs S&P 500 | 76% |
| Beta to S&P 500 | 1.09 |
| Correlation to S&P 500 | 0.82 |
| Max drop (1Y) | -13.6% |
| Max drop (up to 5 yrs) | -14.3% |
| Trend | Downtrend |
| History | 1.5 yrs |
Vs. MAGS (what it's built on)
| Upside capture | 70% |
| Downside capture | 75% |
| Capture ratio | 0.93 |
| Beta | 0.75 |
| Correlation | 0.94 |
| Tracking | Closely |
On days MAGS rose, MAGY caught 70% of the gain; on days it fell, MAGY took 75% of the loss.
Payout history
Each bar is one payout (last 36 shown). Pays Weekly.
| Ex-date | Amount |
|---|---|
| 2026-11-06 | $0.2030 |
| 2026-10-30 | $0.2020 |
| 2026-10-23 | $0.1670 |
| 2026-10-16 | $0.1670 |
| 2026-10-09 | $0.1670 |
| 2026-10-02 | $0.1640 |
| 2026-09-25 | $0.1640 |
| 2026-09-18 | $0.1580 |
| 2026-09-11 | $0.1590 |
| 2026-09-04 | $0.1590 |
| 2026-08-28 | $0.1600 |
| 2026-08-21 | $0.2040 |
Funds that track the same thing
Other Magnificent 7 income funds, ranked by DT Score. See them all · Compare MAGY with the top 3
| Fund | Category | Fwd rate | 12m yield | 1Y total ret. | Earned % 1Y | Upside capt. | Downside capt. | Tracking | DT Score | Momentum | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YMAG YieldMax Magnificent 7 Fund of Option Income ETFs | Fund of Funds / Multi-Strategy | 32.8% | 48.2% | +2.3% | 2% | 81% | 82% | Closely | 38 | 43 | Downtrend |
| TMGN TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF | 0DTE / Daily Option Income | 22.9% | 5.7% | – | – | 111% | 106% | Loosely | – | 43 | Down (short history) |
About MAGY
| Issuer | Roundhill |
| Structure | ETF |
| Category | Index Covered Call / Option Income |
| Strategy | Covered calls on Mag 7 stocks; weekly distributions |
| Underlying | Magnificent Seven |
| Exposure | Nasdaq-100 / Tech |
| Index linkage | No - active |
| Pays | Weekly |
| Expense ratio | 0.99% |
| Launched | 2025 |
| Uses leverage | No |
| Upside capped | Yes |
| Rate sensitivity | Neutral |
| Return of capital common | Yes |
| Tax notes | Mostly ROC; index options may get Sec.1256 60/40 treatment |
Research notes: Expense ratio is estimate - verify.
Get the weekly income report
Rankings, payout changes and yield traps, once a week.