IVV vs MAGY
iShares Core S&P 500 ETF vs Roundhill Magnificent Seven Covered Call ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | MAGY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.99% | |
| AUM | $907.0B | $114M | |
| Dividend Yield | 1.10% | 39.83% | |
| Holdings | 508 | 4 | |
| YTD Return | +12.71% | -14.93% | |
| 1Y Return | +21.89% | -7.76% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 18.6% | |
| Max Drawdown | -56.5% | -20.0% | |
| Fund Family | iShares by BlackRock (US) | Roundhill Investments | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Apr 23, 2025 |
IVV vs MAGY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Roundhill Magnificent Seven Covered Call ETF (MAGY) is a ETF from Roundhill Investments. Over the past year IVV returned +21.89% while MAGY returned -7.76%. Year to date, IVV is up 12.71% versus a loss of 14.93% for MAGY.
Risk: Volatility and Drawdowns
MAGY has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -20.0% for MAGY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MAGY charges 0.99%. On a $10,000 position that is $3 vs $99 annually, a gap of $96 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 39.83% for MAGY.
Holdings Overlap
IVV and MAGY share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or MAGY?
IVV has an expense ratio of 0.03% while MAGY charges 0.99%. IVV is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, IVV or MAGY?
Over the past year IVV returned +21.89% vs -7.76% for MAGY, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.00% vs +9.61% for MAGY. Past performance does not guarantee future results.
Which is riskier, IVV or MAGY?
MAGY has been the more volatile fund at 18.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MAGY -20.0%.
Should I hold both IVV and MAGY?
IVV and MAGY have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MAGY?
IVV and MAGY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or MAGY?
IVV yields 1.10% while MAGY yields 39.83%, so MAGY currently pays the higher dividend yield.
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