Data as of .
MAGY vs SPYI: which paid, and which earned it?
Over the year MAGY paid 26.5% of its price in cash against SPYI’s 13.1%, though SPYI returned more with it reinvested.
ETFIQ Return Stability Score: SPYI scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, MAGY and SPYI hold 0% of their money in the same securities at the same weight.
| Only in MAGY | Only in SPYI |
|---|---|
| Roundhill Magnificent Seven ETF 100.02% | NVIDIA Corp 7.57% |
| First American Government Obligations Fu 0.36% | Apple Inc 6.59% |
| MAGS 09/25/2026 71.37 C -0.38% | Microsoft Corp 4.32% |
| Amazon.com Inc 3.65% | |
| Alphabet Inc 3.28% | |
| Broadcom Inc 2.80% | |
| Alphabet Inc 2.61% | |
| Micron Technology Inc 1.99% |
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 | SPYI | MAGY | SPYI | MAGY | SPYI | |
| 3 months | +3.7% | +3.1% | 6.1% | 3.0% | −3.9 pts | +0.9 pts |
| 6 months | +8.1% | +14.4% | 12.9% | 6.5% | −12.7 pts | −3.6 pts |
| 1 year | +1.8% | +15.3% | 26.5% | 13.1% | −9.4 pts | −1.2 pts |
| 3 years | not published | +57.2% | not published | 38.6% | not published | −21.2 pts |
| Since launch | +25.6% | +77.1% | 42.0% | 50.3% | −37.5 pts | −25.3 pts |
| MAGY Roundhill Magnificent Seven Covered Call ETF Covered call on MAGS, paying weekly | SPYI NEOS S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Roundhill | NEOS |
| Strategy | covered call | option income |
| Benchmark | Magnificent Seven (MAGS) | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualized | 19.2% | 12.1% |
| Expense ratio | 0.99% | 0.68% |
| Cash paid, 1 year | 26.5% | 13.1% |
| Price change, 1 year | −25.3% | +1.2% |
| Total return, 1 year | +1.8% | +15.3% |
| Benchmark return, 1 year | +11.2% | +16.6% |
| Ahead or behind | −9.4 pts | −1.2 pts |
| Return of capital, latest estimate | not published | 93% |
| Age | 513 days | 1480 days |
| Net assets | $102m | $12.2bn |
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.
SPYI in plain words
Over the year to Sep 18, 2026, SPYI paid 13.1% of its starting value in cash distributions while its price rose 1.2%. With every distribution reinvested, the fund returned +15.3%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 1.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.1%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, MAGY or SPYI?
- Over the year to Sep 18, 2026, MAGY paid 26.5% of its starting price in cash and SPYI paid 13.1%, 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 SPYI?
- With every distribution reinvested, MAGY returned +1.8% and SPYI returned +15.3% over the year to Sep 18, 2026, so SPYI returned more.
- Which is cheaper, MAGY or SPYI?
- MAGY charges 0.99% a year and SPYI charges 0.68%, so SPYI 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 SPYI, data as of Sep 18, 2026. https://etfiq.com/compare/income/magy-vs-spyi Free to use with attribution; the underlying files are at Open data.