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MAGS vs QQEW: Differences, Returns & Fees

MAGS and QQEW hold 9% of their weight in the same names, and MAGS returned +12.2% over the year. Net assets on Oct 20, 2026: $5.7bn for Roundhill Magnificent Seven ETF and $1.8bn for First Trust Nasdaq-100 Select Equal Weight ETF.

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Answers cite the figures on this page.

MAGS costs 0.25 points a year less; their one-year returns differ by 2.3 points; MAGS is 3.1 times larger.

MAGS vs QQEW: Differences, Returns & Fees
MAGSQQEW
Expense ratio0.30%0.55%
Net assets$5.7bn$1.8bn
Total return, 1 year+12.2%+9.9%
What it tracksNo index, actively managedNasdaq-100 Select Equal Weight Index
Holdings in common9%
Top ten holdings, share of the fund29.3%23.1%
Below its high5.8%, high on Aug 13, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Oct 19, 2026.

+12.2%
MAGS total return, 1 year
+9.9%
QQEW total return, 1 year
0.30%
MAGS expense ratio
0.55%
QQEW expense ratio

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What they hold in common

By the books each fund has filed, MAGS and QQEW hold 9% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 19, 2026.

half

9% in common

Positions both hold, largest shared weight first
Holding MAGS QQEW
Meta Platforms Inc 3.04% 2.55%
Apple Inc 3.49% 2.24%
Microsoft Corp 3.07% 2.18%
NVIDIA Corp 3.52% 2.04%
Only in MAGS
Roundhill Ultra Short Duration 6.83%
Amazon.com Inc 3.48%
Tesla Inc 3.45%
Alphabet Inc 2.45%
Only in QQEW
Shopify Inc. (Class A) 2.40%
Intuitive Surgical, Inc. 2.38%
Advanced Micro Devices, Inc. 2.37%
Marvell Technology, Inc. 2.32%
Datadog, Inc. (Class A) 2.27%
Analog Devices, Inc. 2.25%
Texas Instruments Incorporated 2.19%
Palantir Technologies Inc. (Class A) 2.16%

Check overlap with more funds →

On the same fields

MAGS
Roundhill Magnificent Seven ETF
QQEW
First Trust Nasdaq-100 Select Equal Weight ETF
Where it sits Stock ETF Stock ETF
Issuer Roundhill First Trust
What it is Actively managed Tracks an index
Total return, 1 year +12.2% +9.9%
Its benchmark over the same days not measured +15.8% (IVV)
Gap to its benchmark not measured −6.0 pts vs IVV
Expense ratio 0.30% 0.55%
Already in the S&P 500 22.5% 90.8%
Holdings 8 50
Net assets $5.7bn $1.8bn

MAGS and QQEW 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 QQEW

QQEW tracks an index. Over the year to Oct 20, 2026 it returned +9.9% with distributions reinvested, against +15.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.55% a year. By its holdings published by its issuer for Oct 19, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 50 positions, with the top ten at 23.1%. It sat 5.8% below its high of Aug 13, 2026 on Oct 20, 2026.

Questions people ask

Which returned more over the last year, MAGS or QQEW?
In the year to Oct 20, 2026, with distributions reinvested, MAGS returned +12.2% and QQEW +9.9%.
Which is cheaper, MAGS or QQEW?
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.
How much do MAGS and QQEW overlap with the S&P 500?
By their latest filed holdings, 22% of MAGS and 91% of QQEW by weight is stocks the S&P 500 already holds.
Other comparisons
MAGS vs RPGMAGS vs TGRTMAGS vs PWRDMAGS vs SQSNUGO vs QQEWQQEW vs VOOGMGK vs QQEWQQEW vs VONG
MAGS on its own →QQEW on its own →Hold both: look the portfolio through →Rankings →MAGS dividend history →MAGS holdings →QQEW dividend history →QQEW holdings →Standards and sources →
Where these figures came from
MAGS filings on SEC EDGAR ↗MAGS prospectus with the expense ratio (SEC) ↗Roundhill page for MAGS ↗QQEW filings on SEC EDGAR ↗QQEW prospectus with the expense ratio (SEC) ↗First Trust page for QQEW ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, MAGS against QQEW, data as of Oct 20, 2026. https://etfiq.com/compare/any/mags-vs-qqew

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.