Roundhill Magnificent Seven Covered Call ETF
$43.38+0.03 (+0.07%)
History starts Apr 23, 2025.
- Expense ratio
- 1.28%
- Fund size
- $104M
- 1Y return
- +2.6%
- Yield · Last 12 months
- 34.19%
- Holdings
- 4
- Volume · 30D
- 0.1M sh
- NAV per share
- $43.39
- 52W range
The ETF.net MAGY Grade
Score 30 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 8Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 45Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 26Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 73Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 29Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 58Category rank
Our read on MAGY
DRoundhill took its own Magnificent Seven basket fund and sold call options on top. MAGY's first job is current income, its second is riding those seven megacaps. Income-first tech exposure, with a fee to match.
The Fund's primary objective is current income, with a secondary objective of gaining exposure to the return of the Roundhill Magnificent Seven ETF.
Why people hold it
- One ticker for options income across seven megacaps instead of a single stock: the prospectus puts current income first, exposure to Roundhill's Magnificent Seven ETF (MAGS) second.
- The prospectus sets a weekly distribution schedule, so income lands far more often than the quarterly norm.
- Built as a standard 1940 Act fund, so it comes with ordinary ETF plumbing and 1099 tax reporting rather than partnership paperwork, and it trades with reasonable regularity.
Worth knowing
- The fee is 1.28% a year against a roughly 0.75% median for options-income funds, part of it the cost of a fund inside a fund. That keeps it in the lower tier of its cohort.
- Selling calls is the whole bargain: premium now in exchange for capping how much of a Magnificent Seven rally the fund keeps, while the downside still comes along.
- Seven stocks, one sector, and a 2025 launch. Concentration cuts both ways and there is not yet a long record to judge the strategy through a full cycle.
MAGY Holdings
- Stocks
- 4
- 100%
- MAGS
Sectors
Geography
MAGY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
MAGY$10,263
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MAGY |
|---|---|
| Year to date | +0.2% |
| 1 month | +6.8% |
| 3 months | +7.0% |
| 1 year | +2.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MAGY |
|---|---|---|
| 2026 YTD | +0.2% | |
| 2025 | +26.8% |
MAGY in the news
MAGY Dividends
- 34.19%
- $14.82
- $0.16 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 21, 2026 | $0.16 |
| Sep 11, 2026 | Sep 14, 2026 | $0.16 |
| Sep 4, 2026 | Sep 8, 2026 | $0.16 |
| Aug 28, 2026 | Aug 31, 2026 | $0.16 |
| Aug 21, 2026 | Aug 24, 2026 | $0.20 |
| Aug 14, 2026 | Aug 17, 2026 | $0.20 |
| Aug 7, 2026 | Aug 10, 2026 | $0.24 |
| Jul 31, 2026 | Aug 3, 2026 | $0.25 |
| Jul 24, 2026 | Jul 27, 2026 | $0.21 |
| Jul 17, 2026 | Jul 20, 2026 | $0.20 |
| Jul 10, 2026 | Jul 13, 2026 | $0.24 |
| Jul 2, 2026 | Jul 6, 2026 | $0.26 |
MAGY Risk
- 16.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.69
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −14.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MAGY Cost
1.28%
MAGY1.28%
- The middle half of Index Option Income funds
- Median 0.81%
22 of the 25 Index Option Income funds charge less.