MAGC vs SPY
Roundhill China Magnificent Seven ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MAGC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.09% | |
| AUM | $14M | $814.4B | |
| Dividend Yield | 4.71% | 1.01% | |
| Holdings | 16 | 505 | |
| YTD Return | -24.24% | +13.78% | |
| 1Y Return | -28.08% | +21.44% | |
| 3Y Return (annualized) | - | +21.38% | |
| 5Y Return (annualized) | - | +12.80% | |
| Volatility (annualized) | 28.0% | 15.2% | |
| Max Drawdown | -44.3% | -56.5% | |
| Fund Family | Roundhill Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 3, 2024 | Jan 22, 1993 |
MAGC vs SPY Performance
Roundhill China Magnificent Seven ETF (MAGC) is a ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MAGC returned -28.08% while SPY returned +21.44%. Year to date, MAGC is down 24.24% versus a gain of 13.78% for SPY.
Risk: Volatility and Drawdowns
MAGC has been the more volatile fund, with annualized monthly volatility of 28.0% compared with 15.2% for SPY. 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 -44.3% for MAGC and -56.5% for SPY. 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 -0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MAGC charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, MAGC currently yields 4.71% against 1.01% for SPY.
Holdings Overlap
MAGC and SPY share 0 holdings out of 511 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, MAGC or SPY?
MAGC has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, MAGC or SPY?
Over the past year MAGC returned -28.08% vs +21.44% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), MAGC annualized -14.08% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, MAGC or SPY?
MAGC has been the more volatile fund at 28.0% annualized versus 15.2% for SPY. Worst drawdown: MAGC -44.3% vs SPY -56.5%.
Should I hold both MAGC and SPY?
MAGC and SPY have a monthly-return correlation of -0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MAGC and SPY?
MAGC and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, MAGC or SPY?
MAGC yields 4.71% while SPY yields 1.01%, so MAGC currently pays the higher dividend yield.
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