MAGY vs VOO
Roundhill Magnificent Seven Covered Call ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | MAGY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.03% | |
| AUM | $114M | $997.4B | |
| Dividend Yield | 39.83% | 1.08% | |
| Holdings | 4 | 509 | |
| YTD Return | -14.93% | +12.68% | |
| 1Y Return | -7.76% | +21.87% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 18.6% | 14.1% | |
| Max Drawdown | -20.0% | -34.3% | |
| Fund Family | Roundhill Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 23, 2025 | Sep 7, 2010 |
MAGY vs VOO Performance
Roundhill Magnificent Seven Covered Call ETF (MAGY) is a ETF from Roundhill Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MAGY returned -7.76% while VOO returned +21.87%. Year to date, MAGY is down 14.93% versus a gain of 12.68% for VOO.
Risk: Volatility and Drawdowns
MAGY has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 14.1% for VOO. 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 -20.0% for MAGY and -34.3% for VOO. 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MAGY charges 0.99% per year while VOO charges 0.03%. On a $10,000 position that is $99 vs $3 annually, a gap of $96 per year that compounds over a long holding period. On income, MAGY currently yields 39.83% against 1.08% for VOO.
Holdings Overlap
MAGY and VOO 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, MAGY or VOO?
MAGY has an expense ratio of 0.99% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, MAGY or VOO?
Over the past year MAGY returned -7.76% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), MAGY annualized +9.61% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, MAGY or VOO?
MAGY has been the more volatile fund at 18.6% annualized versus 14.1% for VOO. Worst drawdown: MAGY -20.0% vs VOO -34.3%.
Should I hold both MAGY and VOO?
MAGY and VOO have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MAGY and VOO?
MAGY and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, MAGY or VOO?
MAGY yields 39.83% while VOO yields 1.08%, so MAGY currently pays the higher dividend yield.
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