Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
JAAA vs MAGS: how they differ
JAAA and MAGS hold 0% of their weight in the same names, and MAGS returned more over the year.
Janus Henderson AAA CLO ETF and Roundhill Magnificent Seven ETF.
What they hold in common
By the books each fund has filed, JAAA and MAGS hold 0% of their money in the same securities at the same weight.
| Only in JAAA | Only in MAGS |
|---|---|
| KKR CLO 35 Ltd. 0.96% | TREASURY BILL 65.41% |
| AB BSL CLO 1 Ltd. 0.88% | Roundhill Ultra Short Duration 8.06% |
| Anchorage Capital CLO 16 Ltd. 0.82% | NVIDIA Corp 4.15% |
| Anchorage Capital CLO 17 Ltd. 0.80% | Apple Inc 4.12% |
| Carlyle US CLO Ltd. 0.70% | Amazon.com Inc 4.11% |
| Carlyle US CLO Ltd. 0.67% | Tesla Inc 4.07% |
| Regatta XIX Funding Ltd. 0.67% | Microsoft Corp 3.62% |
| Magnetite XXXII Ltd. 0.67% | Meta Platforms Inc 3.59% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
| JAAA Janus Henderson AAA CLO ETF | MAGS Roundhill Magnificent Seven ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Janus | Roundhill |
| What it is | Henderson AAA CLO | Magnificent Seven |
| Total return, 1 year | +4.9% | +14.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −12.6 pts | −3.1 pts |
| Expense ratio | 0.20% | 0.30% |
| Already in the S&P 500 | 0.0% | 26.5% |
| Holdings | 600 | 9 |
JAAA in plain words
JAAA is an index equity fund tracking the Henderson AAA CLO. Over the year to Sep 11, 2026 it returned +4.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 600 positions, with the top ten at 7.5%.
MAGS in plain words
MAGS is an index equity fund tracking the Magnificent Seven. Over the year to Sep 11, 2026 it returned +14.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.30% a year. By its holdings filed for Jun 30, 2026, 26% of the fund by weight is stocks the S&P 500 also holds, across 9 positions, with the top ten at 100.0%.
Questions people ask
- Which returned more over the last year, JAAA or MAGS?
- In the year to Sep 12, 2026, with distributions reinvested, JAAA returned +4.9% and MAGS returned +14.4%, so MAGS returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, JAAA or MAGS?
- JAAA charges 0.20% a year and MAGS charges 0.30%, so JAAA is cheaper. Fees come from each fund's prospectus.
- How much do JAAA and MAGS overlap with the S&P 500?
- By their latest filed holdings, 0% of JAAA and 26% of MAGS by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, JAAA against MAGS, data as of Sep 12, 2026. https://etfiq.com/compare/any/JAAA-MAGS Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources