Data as of Nov 4, 2026.
MAGY vs SPYI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, MAGY paid 24.0% of its price in cash against SPYI’s 12.1%, though SPYI returned more with it reinvested.
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Net assets: $94m on Nov 4, 2026 for Roundhill Magnificent Seven Covered Call ETF, and $12.7bn on Oct 28, 2026 for NEOS S&P 500 High Income ETF.
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, 2026.0.8 pts behind SPY
SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPYI
+14.0%
12.1% of it arrived as cash
0.8 pts behind SPY
Total return, distributions reinvested
0.8 pts behind SPY
SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPYI
+14.0%
12.1% as cash
0.8 pts behind SPY
12.1% of it arrived as cash. Both charts share one scale, with zero at the line. SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
SPYI costs 0.31 points a year less; their one-year returns differ by 15.5 points; SPYI is far larger, $12.7bn against $95m.
Points (pts) are percentage points.
| Measure | MAGY | SPYI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | −1.5% | +14.0% |
| Price change, 1 year | fell 26.1% | rose 1.1% |
| Return of capital, issuer estimate | 100% of the Nov 2, 2026 payment | 99% of the Oct 23, 2026 payment |
| Against its benchmark | ||
| Benchmark | Magnificent Seven, measured through MAGS | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.99% | 0.68% |
| Net assets, as of Oct 28, 2026 | $95m | $12.7bn |
| Holdings | ||
| Holdings in common | 0% | |
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
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 →
Risk and return
May 2, 2025 to Oct 30, 2026 · 78 weekly returnsEach against its own benchmark: MAGY against MAGS, May 2, 2025 to Oct 30, 2026; SPYI against SPY, Sep 9, 2022 to Oct 30, 2026.
From May 2025 to Oct 2026, SPYI returned more: +30.7% to +17.1%. SPYI swung less: 9.4% to 15.0%. SPYI fell less at its worst: −6.9% to −13.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | MAGY | SPYI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +17.1% | +30.7% | SPYI | Price change plus distributions, reinvested. |
| Annualized | +11.1% | +19.5% | SPYI | Total return as a yearly rate. |
| Price return | −25.8% | +9.1% | SPYI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.0% | 9.4% | SPYI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.4% | 5.4% | SPYI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −13.4% | −6.9% | SPYI | Deepest fall from a high to the low after it. |
| Upside capture | 48.4% | 68.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 84.4% | 80.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.60 | 0.78 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.81 | 0.96 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.52 | 1.53 | SPYI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.68 | 2.67 | SPYI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.128 | 0.121 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.83 | 2.84 | SPYI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | MAGS | SPY | The ETF each fund is measured against. | |
| Alpha | −6.3% a year | −0.6% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.16 | −0.52 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −17.0% to +4.5% | −2.8% to +1.6% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −1.40 | −0.86 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 11.0% | 4.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 78 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, MAGY and SPYI hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | MAGY | SPYI | MAGY | SPYI | MAGY | SPYI |
| 3 months | +4.0% | +1.1% | 5.4% | 2.9% | +1.2 pts | +1.3 pts |
| 6 months | +0.8% | +5.8% | 11.3% | 6.0% | −1.8 pts | +0.7 pts |
| 1 year | −1.5% | +14.0% | 24.0% | 12.1% | −7.8 pts | −0.8 pts |
| 3 years | – | +62.0% | – | 39.3% | – | −20.9 pts |
| Since launchNot the same days: MAGY Apr 2025 · SPYI Aug 2022 | +25.7% | +78.5% | 44.0% | 51.3% | −37.0 pts | −25.2 pts |
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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.
SPYI
Over the year to Nov 4, 2026, SPYI paid 12.1% of its starting value in cash distributions while its price rose 1.1%. With every distribution reinvested, the fund returned +14.0%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.5%, paid monthly. NEOS estimates that 99% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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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.
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ETFIQ, MAGY against SPYI, data as of Nov 4, 2026. https://etfiq.com/compare/income/magy-vs-spyi
ETFIQ. (Nov 4, 2026). MAGY against SPYI. Retrieved from https://etfiq.com/compare/income/magy-vs-spyi
[MAGY against SPYI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/magy-vs-spyi)
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