Which paid more, MAGY or ULTY?

Over the year to Nov 4, 2026, MAGY paid 24.0% of its starting price in cash and ULTY paid 46.0%, so ULTY 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 ULTY?

With every distribution reinvested, MAGY returned −1.5% and ULTY −12.4% over the year to Nov 4, 2026.

Which is cheaper, MAGY or ULTY?

MAGY charges 0.99% a year and ULTY charges 1.30%, so MAGY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

MAGY vs ULTY: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, ULTY paid 46.0% of its price in cash against MAGY’s 24.0%, though MAGY returned more with it reinvested.

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Net assets: $94m on Nov 4, 2026 for Roundhill Magnificent Seven Covered Call ETF, and $576m on Nov 3, 2026 for YieldMax Ultra Option Income Strategy ETF.

MAGY on its own →ULTY on its own →

At a glance

24.0%

MAGY cash paid, 1 year

46.0%

ULTY cash paid, 1 year

−1.5%

MAGY total return, 1 year

−12.4%

ULTY 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.

ULTY · 1 year to Nov 4, 2026 4.4 pts ahead of its own holdings

ULTY

−12.4%

Own

−16.8%

4.4 pts ahead of its own holdings

ULTY over 1 year: paid 46.0%, price −55.5%, total −12.4%, its own holdings −16.8%, +4.4 pts. Data to Nov 4, 2026.

its own holdings

−16.8%

ULTY

−12.4%

4.4 pts ahead of its own holdings

Total return, distributions reinvested

4.4 pts ahead of its own holdings

ULTY over 1 year: paid 46.0%, price −55.5%, total −12.4%, its own holdings −16.8%, +4.4 pts. Data to Nov 4, 2026.

its own holdings

−16.8%

ULTY

−12.4%

46.0% of it arrived as cash. Both charts share one scale, with zero at the line. ULTY over 1 year: paid 46.0%, price −55.5%, total −12.4%, its own holdings −16.8%, +4.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

MAGY costs 0.31 points a year less; their one-year returns differ by 10.9 points; ULTY is 6.3 times larger.

Points (pts) are percentage points.

MAGY vs ULTY: Dividend Yield & Total Return
Measure	MAGY	ULTY
Paid and earned
Measure	MAGY	ULTY
Total return, 1 year	−1.5%	−12.4%
Price change, 1 year	fell 26.1%	fell 55.5%
Return of capital, issuer estimate	100% of the Nov 2, 2026 payment	100% of the Nov 5, 2026 payment
Against its benchmark
Measure	MAGY	ULTY
Benchmark	Magnificent Seven, measured through MAGS	its own holdings
Cost and size
Measure	MAGY	ULTY
Expense ratio	0.99%	1.30%
Net assets, as of Nov 3, 2026	$92m	$576m
Holdings
Measure	MAGY	ULTY
Holdings in common	0%

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

IQ Income Score17.1MAGY12.9ULTY

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

ULTY 12.9

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

Risk and return

May 2, 2025 to Oct 30, 2026 · 78 weekly returns

MAGY ULTY

Return

Total return edge MAGY +17.1% +7.1%

Annualized edge MAGY +11.1% +4.6%

Price return edge MAGY −25.8% −64.0%

Risk

Volatility edge MAGY 15.0% 19.7%

Max drawdown edge MAGY −13.4% −21.8%

Risk-adjusted

Sharpe edge MAGY 0.52 0.13

Sortino edge MAGY 0.68 0.17

Calmar edge MAGY 0.83 0.21

Reading

From May 2025 to Oct 2026, MAGY returned more: +17.1% to +7.1%. MAGY swung less: 15.0% to 19.7%. MAGY fell less at its worst: −13.4% to −21.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: MAGY vs ULTY: Dividend Yield & Total Return
Measure	MAGY	ULTY	Edge	How it is measured
Return
Total return	+17.1%	+7.1%	MAGY	Price change plus distributions, reinvested.
Annualized	+11.1%	+4.6%	MAGY	Total return as a yearly rate.
Price return	−25.8%	−64.0%	MAGY	Price change alone, distributions left out.
Risk
Volatility	15.0%	19.7%	MAGY	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	11.4%	14.7%	MAGY	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−13.4%	−21.8%	MAGY	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.52	0.13	MAGY	Return above Treasury bills per unit of volatility.
Sortino	0.68	0.17	MAGY	Return above Treasury bills per unit of downside deviation.
Calmar	0.83	0.21	MAGY	Annualized return divided by the max drawdown.

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 ULTY hold 0% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MAGY ULTY

Only in one fund ↓

Only in MAGY

Roundhill Magnificent Seven ETF 100.12%

MAGS 11/06/2026 71.22 C -0.47%

Only in ULTY

Analog Devices Inc 5.67%

Alphabet Inc 5.03%

Alibaba Group Holding Ltd 4.83%

MercadoLibre Inc 4.75%

Shopify Inc 4.74%

Space Exploration Technologies Corp 4.68%

VanEck Gold Miners ETF 4.60%

Advanced Micro Devices Inc 4.02%

Check overlap with more funds →

Side by side

MAGY Roundhill Magnificent Seven Covered Call ETF · Covered call on MAGS, paying weekly ULTY YieldMax Ultra Option Income Strategy ETF · Synthetic covered call on its own holdings, paying weekly

Issuer Roundhill YieldMax

Strategy covered call synthetic covered call

Benchmark Magnificent Seven (MAGS) ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026)

Pays weekly weekly

Payout rate, annualized 25.1% 60.9%

Expense ratio 0.99% 1.30%

Cash paid, 1 year 24.0% 46.0%

Price change, 1 year −26.1% −55.5%

Total return, 1 year −1.5% −12.4%

Benchmark return, 1 year +6.3% −16.8%

Ahead or behind −7.8 pts +4.4 pts

Return of capital, latest estimate 100% 100%

Age 1.5 years 2.7 years

Net assets, MAGY as of Nov 4, 2026 and ULTY as of Nov 3, 2026 $94m $576m

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 ULTY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	MAGY	ULTY	MAGY	ULTY	MAGY	ULTY
3 months	+4.0%	−8.3%	5.4%	14.3%	+1.2 pts	+3.4 pts
6 months	+0.8%	−9.9%	11.3%	26.6%	−1.8 pts	+1.6 pts
1 year	−1.5%	−12.4%	24.0%	46.0%	−7.8 pts	+4.4 pts
Since launchNot the same days: MAGY Apr 2025 · ULTY Feb 2024	+25.7%	−1.9%	44.0%	87.9%	−37.0 pts	not measured

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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.

ULTY

Over the year to Nov 4, 2026, ULTY paid 46.0% of its starting value in cash distributions while its price fell 55.5%. With every distribution reinvested, the fund returned −12.4%. ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) returned −16.8% over the same days, so a holder was ahead by 4.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 60.9%, paid weekly. YieldMax estimates that 100% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, MAGY or ULTY?: Over the year to Nov 4, 2026, MAGY paid 24.0% of its starting price in cash and ULTY paid 46.0%, so ULTY 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 ULTY?: With every distribution reinvested, MAGY returned −1.5% and ULTY −12.4% over the year to Nov 4, 2026.
Which is cheaper, MAGY or ULTY?: MAGY charges 0.99% a year and ULTY charges 1.30%, so MAGY is cheaper. Fees come from each fund's prospectus.

Other comparisons

MAGY vs SIXH MAGY vs YYY MAGY vs ODTE MAGY vs YMAG ULTY vs MSFO ULTY vs TSLY ULTY vs MSTY ULTY vs NVDY

Where to next

Magnificent Seven (MAGS) →MAGY on its own →ULTY on its own →MAGY dividend history →MAGY holdings →ULTY dividend history →ULTY 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 ↗

ULTY filings on SEC EDGAR ↗

ULTY prospectus with the expense ratio (SEC) ↗

ULTY 19a-1 distribution notice ↗

YieldMax page for ULTY ↗

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 ULTY, data as of Nov 4, 2026. https://etfiq.com/compare/income/magy-vs-ulty

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