MAGS vs PWB: Differences, Returns & Fees
MAGS and PWB hold 16% of their weight in the same names, and PWB returned +20.2% over the year. Net assets on Oct 20, 2026: $5.7bn for Roundhill Magnificent Seven ETF and $2.6bn for Invesco Large Cap Growth ETF.
MAGS costs 0.25 points a year less; their one-year returns differ by 8.0 points; MAGS is 2.2 times larger.
| MAGS | PWB | |
|---|---|---|
| Expense ratio | 0.30% | 0.55% |
| Net assets | $5.7bn | $2.6bn |
| Total return, 1 year | +12.2% | +20.2% |
| What it tracks | No index, actively managed | Dynamic Large Cap Growth Intellidex Index |
| Holdings in common | 16% | |
| Top ten holdings, share of the fund | 29.3% | 36.0% |
| Below its high | 8.9%, high on Jun 22, 2026 | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 19, 2026.
What they hold in common
By the books each fund has filed, MAGS and PWB hold 16% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 19, 2026.
half
16% in common
On the same fields
MAGS and PWB on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About MAGS
MAGS is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +12.2% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings filed for Jun 30, 2026, 22% of the fund by weight is stocks the S&P 500 also holds, across 8 positions, with the top ten at 29.3%.
About PWB
PWB tracks an index. The prospectus expense ratio is 0.55% a year. By its holdings published by its issuer for Oct 19, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 36.0%. It sat 8.9% below its high of Jun 22, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +20.2% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
Questions people ask
- Which returned more over the last year, MAGS or PWB?
- In the year to Oct 20, 2026, with distributions reinvested, MAGS returned +12.2% and PWB +20.2%.
- Which is cheaper, MAGS or PWB?
- MAGS is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, MAGS against PWB, data as of Oct 20, 2026. https://etfiq.com/compare/any/mags-vs-pwb
ETFIQ. (Oct 20, 2026). MAGS against PWB. Retrieved from https://etfiq.com/compare/any/mags-vs-pwb
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