Data as of .
MAGY vs NLSI: which paid, and which earned it?
MAGY and NLSI both write options for income.
What they hold in common
By the books each fund has filed, MAGY and NLSI hold 0% of their money in the same securities at the same weight.
| Only in MAGY | Only in NLSI |
|---|---|
| Roundhill Magnificent Seven ETF 100.02% | Micron Technology Inc 14.23% |
| First American Government Obligations Fu 0.36% | F5 Inc 3.90% |
| MAGS 09/25/2026 71.37 C -0.38% | Progressive Corp/The 3.80% |
| Adobe Inc 3.37% | |
| Jack Henry & Associates Inc 3.32% | |
| Universal Health Services Inc 3.23% | |
| Insulet Corp 3.19% | |
| Veeva Systems Inc 3.19% |
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 Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| MAGY | NLSI | MAGY | NLSI | MAGY | NLSI | |
| 3 months | +3.7% | +15.6% | 6.1% | 1.4% | −3.9 pts | +13.3 pts |
| 6 months | +8.1% | +24.6% | 12.9% | 2.8% | −12.7 pts | +6.6 pts |
| 1 year | +1.8% | not published | 26.5% | not published | −9.4 pts | not published |
| Since launch | +25.6% | +19.3% | 42.0% | 4.0% | −37.5 pts | +7.3 pts |
| MAGY Roundhill Magnificent Seven Covered Call ETF Covered call on MAGS, paying weekly | NLSI NEOS Long/Short Equity Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Roundhill | NEOS |
| Strategy | covered call | option income |
| Benchmark | Magnificent Seven (MAGS) | S&P 500 (SPY), used as a default proxy |
| Pays | weekly | monthly |
| Payout rate, annualized | 19.2% | 5.1% |
| Expense ratio | 0.99% | 2.89% |
| Cash paid, 1 year | 26.5% | 4.0% (since launch on Dec 10, 2025) |
| Price change, 1 year | −25.3% | +14.6% |
| Total return, 1 year | +1.8% | +19.3% (since launch on Dec 10, 2025) |
| Benchmark return, 1 year | +11.2% | +12.0% |
| Ahead or behind | −9.4 pts | +7.3 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 513 days | 282 days |
| Net assets | $102m | $5m |
MAGY in plain words
Over the year to Sep 18, 2026, MAGY paid 26.5% of its starting value in cash distributions while its price fell 25.3%. With every distribution reinvested, the fund returned +1.8%. Magnificent Seven (MAGS) returned +11.2% over the same days, so a holder was behind by 9.4 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 19.2%, paid weekly.
NLSI in plain words
Over the period since launch on Dec 10, 2025 to Sep 18, 2026, NLSI paid 4.0% of its starting value in cash distributions while its price rose 14.6%. With every distribution reinvested, the fund returned +19.3%. S&P 500 (SPY), used as a default proxy returned +12.0% over the same days, so a holder was ahead by 7.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 5.1%, paid monthly. NEOS estimates that 100% of the distribution paid Jul 31, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, MAGY or NLSI?
- MAGY charges 0.99% a year and NLSI charges 2.89%, so MAGY is cheaper. Fees come from each fund's prospectus.
Other comparisons
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, MAGY against NLSI, data as of Sep 18, 2026. https://etfiq.com/compare/income/magy-vs-nlsi Free to use with attribution; the underlying files are at Open data.