Roundhill Magnificent Seven Covered Call ETF
$44.16+0.16 (+0.36%)
- 1.19%
- $100M
- +7.5%
- 32.22%
- 0M sh
- $43.95
- low $39.92high $57.67
The ETF.net MAGY Grade
D
Score 30 out of 100
- 22 of 25
Score 30 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F8 out of 100Rank 23 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.C44 out of 100Rank 5 of 5Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D28 out of 100Rank 21 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B68 out of 100Rank 7 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D28 out of 100Rank 19 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B57 out of 100Rank 12 of 25
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
- 2
- 101%
- MAGS
Sectors
- Financials100.0%
Geography
- United States100.00%
MAGY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
MAGY$10,750
Returns run to the Oct 12, 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 | +2.9% |
| 1 month | +5.2% |
| 3 months | +7.8% |
| 1 year | +7.5% |
| 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 | +2.9% | |
| 2025 | +26.8% |
MAGY in the news
Category Review
Index option income was not one bet this year
MAGY Dividends
- 32.22%
- $14.18
- $0.17 per share
- Weekly
Distribution history
MAGY Risk
- 16.1%
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.
- 0.83
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.
- 0.96
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
1.19%
MAGY1.19%
- The middle half of Index Option Income funds
- Median 0.81%
22 of the 25 Index Option Income funds charge less.
Other funds in Index Option Income
- DKLIPKraneShares KWEB Covered Call Strategy ETFExpense ratio 0.94%1 year return −10.2%
- DYMAGYieldMax Magnificent 7 Fund of Option Income ETFExpense ratio 1.34%1 year return +15.6%
- DSEMYGraniteShares YieldBOOST Semiconductor ETFExpense ratio 1.07%1 year return —
- FDRMYXFUNDS MEMORY INCOME ETFExpense ratio 0.99%1 year return —
- FISSBIncomeSTKd 1x US Stocks & 1x Bitcoin Premium ETFExpense ratio 1.29%1 year return —