Which paid more, MAGY or PAPI?

Over the year to Nov 4, 2026, MAGY paid 24.0% of its starting price in cash and PAPI paid 8.2%, 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 PAPI?

With every distribution reinvested, MAGY returned −1.5% and PAPI +23.4% over the year to Nov 4, 2026.

Which is cheaper, MAGY or PAPI?

MAGY charges 0.99% a year and PAPI charges 0.29%, so PAPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

MAGY vs PAPI: 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 PAPI’s 8.2%, though PAPI returned more with it reinvested.

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askIQ about MAGY and PAPI

Net assets: $94m on Nov 4, 2026 for Roundhill Magnificent Seven Covered Call ETF, and $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF.

MAGY on its own →PAPI on its own →

At a glance

24.0%

MAGY cash paid, 1 year

8.2%

PAPI cash paid, 1 year

−1.5%

MAGY total return, 1 year

+23.4%

PAPI 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.

PAPI · 1 year to Nov 4, 2026 9.4 pts behind IWD

PAPI

+23.4%

IWD

+32.8%

9.4 pts behind IWD

PAPI over 1 year: paid 8.2%, price +14.3%, total +23.4%, IWD +32.8%, −9.4 pts. Data to Nov 4, 2026.

IWD

+32.8%

PAPI

+23.4%

8.2% as cash

9.4 pts behind IWD

Total return, distributions reinvested

9.4 pts behind IWD

PAPI over 1 year: paid 8.2%, price +14.3%, total +23.4%, IWD +32.8%, −9.4 pts. Data to Nov 4, 2026.

IWD

+32.8%

PAPI

+23.4%

9.4 pts behind IWD

8.2% of it arrived as cash. Both charts share one scale, with zero at the line. PAPI over 1 year: paid 8.2%, price +14.3%, total +23.4%, IWD +32.8%, −9.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PAPI costs 0.70 points a year less; their one-year returns differ by 24.9 points.

Points (pts) are percentage points.

MAGY vs PAPI: Dividend Yield & Total Return
Measure	MAGY	PAPI
Paid and earned
Measure	MAGY	PAPI
Total return, 1 year	−1.5%	+23.4%
Price change, 1 year	fell 26.1%	rose 14.3%
Return of capital, issuer estimate	100% of the Nov 2, 2026 payment
Against its benchmark
Measure	MAGY	PAPI
Benchmark	Magnificent Seven, measured through MAGS	iShares Russell 1000 Value ETF, measured through IWD
Cost and size
Measure	MAGY	PAPI
Expense ratio	0.99%	0.29%
Net assets, MAGY as of Nov 4, 2026 and PAPI as of Jun 30, 2026	$94m	$400m
Holdings
Measure	MAGY	PAPI
Holdings in common	0%

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

IQ Income Score17.1MAGY96.1PAPI

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

PAPI 96.1

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 PAPI hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MAGY PAPI

Only in one fund ↓

Only in MAGY

Roundhill Magnificent Seven ETF 100.12%

MAGS 11/06/2026 71.22 C -0.47%

Only in PAPI

Corning, Inc. 1.00%

TD SYNNEX Corp. 0.80%

Cisco Systems, Inc. 0.76%

Power Integrations, Inc. 0.73%

Royalty Pharma plc 0.72%

Millicom International Cellular SA 0.72%

Avnet, Inc. 0.70%

Texas Instruments, Inc. 0.70%

Check overlap with more funds →

Side by side

MAGY Roundhill Magnificent Seven Covered Call ETF · Covered call on MAGS, paying weekly PAPI Parametric Equity Premium Income ETF · Writes options on the S&P 500, measured against the Russell 1000 Value Index, paying monthly

Issuer Roundhill Parametric

Strategy covered call covered call

Benchmark Magnificent Seven (MAGS) iShares Russell 1000 Value ETF (IWD)

Pays weekly monthly

Payout rate, annualized 25.1% 6.8%

Expense ratio 0.99% 0.29%

Cash paid, 1 year 24.0% 8.2%

Price change, 1 year −26.1% +14.3%

Total return, 1 year −1.5% +23.4%

Benchmark return, 1 year +6.3% +32.8%

Ahead or behind −7.8 pts −9.4 pts

Return of capital, latest estimate 100% not published

Age 1.5 years 3.0 years

Net assets, MAGY as of Nov 4, 2026 and PAPI as of Jun 30, 2026 $94m $400m

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 PAPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	MAGY	PAPI	MAGY	PAPI	MAGY	PAPI
3 months	+4.0%	+6.6%	5.4%	1.8%	+1.2 pts	+2.6 pts
6 months	+0.8%	+13.2%	11.3%	3.9%	−1.8 pts	−0.7 pts
1 year	−1.5%	+23.4%	24.0%	8.2%	−7.8 pts	−9.4 pts
3 years	–	+44.5%	–	23.7%	–	−39.8 pts
Since launchNot the same days: MAGY Apr 2025 · PAPI Oct 2023	+25.7%	+45.5%	44.0%	23.9%	−37.0 pts	−42.4 pts

– means no data for this window. Open this comparison in the app →

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.

PAPI

Over the year to Nov 4, 2026, PAPI paid 8.2% of its starting value in cash distributions while its price rose 14.3%. With every distribution reinvested, the fund returned +23.4%. iShares Russell 1000 Value ETF (IWD) returned +32.8% over the same days, so a holder was behind by 9.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.8%, paid monthly.

Questions people ask

Which paid more, MAGY or PAPI?: Over the year to Nov 4, 2026, MAGY paid 24.0% of its starting price in cash and PAPI paid 8.2%, 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 PAPI?: With every distribution reinvested, MAGY returned −1.5% and PAPI +23.4% over the year to Nov 4, 2026.
Which is cheaper, MAGY or PAPI?: MAGY charges 0.99% a year and PAPI charges 0.29%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

MAGY vs SDVD MAGY vs RDVI MAGY vs OARK MAGY vs XVSP PAPI vs QVOL PAPI vs YSPC PAPI vs SIOO PAPI vs YQQQ

Where to next

Magnificent Seven (MAGS) →iShares Russell 1000 Value ETF (IWD) →MAGY on its own →PAPI on its own →MAGY dividend history →MAGY holdings →PAPI dividend history →PAPI 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 ↗

PAPI filings on SEC EDGAR ↗

PAPI prospectus with the expense ratio (SEC) ↗

Parametric 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 PAPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/magy-vs-papi

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