Which paid more, MAGY or OEI?

Over the year to Nov 4, 2026, MAGY paid 24.0% of its starting price in cash and OEI paid 9.2%, so MAGY paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, MAGY or OEI?

With every distribution reinvested, MAGY returned −1.5% and OEI +12.9% over the year to Nov 4, 2026.

Which is cheaper, MAGY or OEI?

MAGY charges 0.99% a year and OEI charges 1.02%, so MAGY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

MAGY vs OEI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, MAGY paid 24.0% of its price in cash against OEI’s 9.2%, though OEI returned more with it reinvested.

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Net assets: $94m on Nov 4, 2026 for Roundhill Magnificent Seven Covered Call ETF, and $46m on Jul 31, 2026 for Optimized Equity Income ETF.

MAGY on its own →OEI on its own →

At a glance

24.0%

MAGY cash paid, 1 year

9.2%

OEI cash paid, 1 year

−1.5%

MAGY total return, 1 year

+12.9%

OEI total return, 1 year

MAGY · 1 year to Nov 4, 2026 7.8 pts behind MAGS

MAGY

−1.5%

MAGS

+6.3%

7.8 pts behind MAGS

MAGY over 1 year: paid 24.0%, price −26.1%, total −1.5%, MAGS +6.3%, −7.8 pts. Data to Nov 4, 2026.

MAGS

+6.3%

MAGY

−1.5%

7.8 pts behind MAGS

Total return, distributions reinvested

7.8 pts behind MAGS

MAGY over 1 year: paid 24.0%, price −26.1%, total −1.5%, MAGS +6.3%, −7.8 pts. Data to Nov 4, 2026.

MAGS

+6.3%

MAGY

−1.5%

7.8 pts behind MAGS

24.0% of it arrived as cash. Total return, distributions reinvested. MAGY over 1 year: paid 24.0%, price −26.1%, total −1.5%, MAGS +6.3%, −7.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

OEI · 1 year to Nov 4, 2026 1.9 pts behind SPY

OEI

+12.9%

SPY

+14.8%

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% of it arrived as cash

1.9 pts behind SPY

Total return, distributions reinvested

1.9 pts behind SPY

OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

SPY

+14.8%

OEI

+12.9%

9.2% cash

1.9 pts behind SPY

9.2% of it arrived as cash. Both charts share one scale, with zero at the line. OEI over 1 year: paid 9.2%, price +3.0%, total +12.9%, SPY +14.8%, −1.9 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

MAGY costs 0.03 points a year less; their one-year returns differ by 14.4 points.

Points (pts) are percentage points.

MAGY vs OEI: Dividend Yield & Total Return
Measure	MAGY	OEI
Paid and earned
Measure	MAGY	OEI
Total return, 1 year	−1.5%	+12.9%
Price change, 1 year	fell 26.1%	rose 3.0%
Return of capital, issuer estimate	100% of the Nov 2, 2026 payment
Against its benchmark
Measure	MAGY	OEI
Benchmark	Magnificent Seven, measured through MAGS	S&P 500, measured through SPY
Cost and size
Measure	MAGY	OEI
Expense ratio	0.99%	1.02%
Net assets, MAGY as of Nov 4, 2026 and OEI as of Jul 31, 2026	$94m	$46m
Holdings
Measure	MAGY	OEI
Holdings in common	0%

ETFIQ Distribution Coverage Score · OEI scores higher How much of what it paid out did its total return cover?

IQ Income Score17.1MAGY75.7OEI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

MAGY 17.1

OEI 75.7

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

By the books each fund has filed, MAGY and OEI hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MAGY OEI

Only in one fund ↓

Only in MAGY

Roundhill Magnificent Seven ETF 100.12%

MAGS 11/06/2026 71.22 C -0.47%

Only in OEI

NVIDIA Corp 8.22%

Microsoft Corp 5.93%

Amazon.com Inc 4.51%

Apple Inc 4.23%

Alphabet Inc 3.44%

Broadcom Inc 3.01%

Alphabet Inc 2.76%

Micron Technology Inc 2.54%

Check overlap with more funds →

Side by side

MAGY Roundhill Magnificent Seven Covered Call ETF · Covered call on MAGS, paying weekly OEI Optimized Equity Income ETF · Option income on SPY, paying monthly

Issuer Roundhill Core Alternative

Strategy covered call option income

Benchmark Magnificent Seven (MAGS) S&P 500 (SPY)

Pays weekly monthly

Payout rate, annualized 25.1% 9.6%

Expense ratio 0.99% 1.02%

Cash paid, 1 year 24.0% 9.2%

Price change, 1 year −26.1% +3.0%

Total return, 1 year −1.5% +12.9%

Benchmark return, 1 year +6.3% +14.8%

Ahead or behind −7.8 pts −1.9 pts

Return of capital, latest estimate 100% not published

Age 1.5 years 1.0 years

Net assets, MAGY as of Nov 4, 2026 and OEI as of Jul 31, 2026 $94m $46m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: MAGY vs OEI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	MAGY	OEI	MAGY	OEI	MAGY	OEI
3 months	+4.0%	+3.3%	5.4%	2.4%	+1.2 pts	+3.4 pts
6 months	+0.8%	+6.3%	11.3%	4.7%	−1.8 pts	+1.3 pts
1 year	−1.5%	+12.9%	24.0%	9.2%	−7.8 pts	−1.9 pts
Since launchNot the same days: MAGY Apr 2025 · OEI Oct 2025	+25.7%	+15.0%	44.0%	9.4%	−37.0 pts	−1.1 pts

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Alert

About each fund

MAGY

Over the year to Nov 4, 2026, MAGY paid 24.0% of its starting value in cash distributions while its price fell 26.1%. With every distribution reinvested, the fund returned −1.5%. Magnificent Seven (MAGS) returned +6.3% over the same days, so a holder was behind by 7.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 25.1%, paid weekly. Roundhill estimates that 100% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

OEI

Over the year to Nov 4, 2026, OEI paid 9.2% of its starting value in cash distributions while its price rose 3.0%. With every distribution reinvested, the fund returned +12.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.6%, paid monthly.

Questions people ask

Which paid more, MAGY or OEI?: Over the year to Nov 4, 2026, MAGY paid 24.0% of its starting price in cash and OEI paid 9.2%, so MAGY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, MAGY or OEI?: With every distribution reinvested, MAGY returned −1.5% and OEI +12.9% over the year to Nov 4, 2026.
Which is cheaper, MAGY or OEI?: MAGY charges 0.99% a year and OEI charges 1.02%, so MAGY is cheaper. Fees come from each fund's prospectus.

Other comparisons

MAGY vs WDTE MAGY vs XYLG MAGY vs XSPI MAGY vs SEPI OEI vs VAIE OEI vs QVOL OEI vs YSPC OEI vs OARK

Where to next

Magnificent Seven (MAGS) →S&P 500 (SPY) →MAGY on its own →OEI on its own →MAGY dividend history →MAGY holdings →OEI dividend history →OEI holdings →Method →Standards and sources →

Sources and dates

MAGY filings on SEC EDGAR ↗

MAGY prospectus with the expense ratio (SEC) ↗

MAGY 19a-1 distribution notice ↗

Roundhill page for MAGY ↗

OEI filings on SEC EDGAR ↗

OEI prospectus with the expense ratio (SEC) ↗

Core Alternative website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, MAGY against OEI, data as of Nov 4, 2026. https://etfiq.com/compare/income/magy-vs-oei

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