ETF Evaluator:
Roundhill Magnificent Seven ETF (MAGS)
Follow This ETF
(as of Jul 31)
Best Performing in Technology Over the Last Year
| 213.0% | Invesco Semiconductors ETF (PSI) |
| 203.0% | VistaShares Artfcl Intlgc Supercycle ETF (AIS) |
| 197.3% | First Trust Nasdaq Semiconductor ETF (FTXL) |
| 196.0% | Xtrackers Semiconductor Select Eq ETF (CHPS) |
| 169.6% | iShares Semiconductor ETF (SOXX) |
Risk
Index
Risk
Index
ETF Details
Roundhill Magnificent Seven ETF Overview
Roundhill Magnificent Seven ETF (MAGS) is an actively managed Sector Equity Technology exchange-traded fund (ETF). Roundhill Investments launched the ETF in 2023.
The investment seeks growth of capital.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective through its investment exposure to the companies comprising the “Magnificent Seven,” a group of seven companies commonly recognized for their market dominance in technological innovation. The fund is non-diversified.
About Roundhill Magnificent Seven ETF (MAGS)
There are 7 members of the management team with an average tenure of 2.94 years: William Hershey (2023), Andrew Serowik (2023), Timothy Maloney (2023), Gabriel Tan (2023), Todd Alberico (2023), Brian Cooper (2023) and David Mazza (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Solactive GBS Global Mkt All Cap TR USD index with a weighting of 100%. Roundhill Magnificent Seven ETF has 27 securities in its portfolio. The top 10 holdings constitute 114.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Roundhill Magnificent Seven ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Roundhill Magnificent Seven ETF has 0.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 113.4% There is 0.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Roundhill Magnificent Seven ETF has -13.1% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MAGS Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Roundhill Magnificent Seven ETF expense ratio is below average compared to funds in the Technology category. Roundhill Magnificent Seven ETF has an expense ratio of 0.30%, which is 44% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Roundhill Magnificent Seven ETF has a portfolio turnover rate of 27%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 36% for the Technology category.
Recently, in the month of June 2026, Roundhill Magnificent Seven ETF returned -8.9%, which earned it a grade of F, as the Technology category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Roundhill Magnificent Seven ETF has a trailing yield of 1.52%, which is above the 0.49% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Roundhill Magnificent Seven ETF Grades
Year to date, the ETF has returned -2.5%, 37.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 17.7% over the past year (grade of D) and 29.8% over the past three years (grade of C).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Roundhill Magnificent Seven ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
MAGS Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MAGS Return (NAV) | -8.9% | 11.2% | 17.7% | 29.8% | na | na |
| MAGS Return (Price) | -9.1% | 11.0% | 17.6% | 29.7% | na | na |
| NAV +/- Price Return | 0.171% | 0.240% | 0.075% | 0.023% | na | na |
| Technology Avg | 0.0% | 40.3% | 52.2% | 27.7% | 12.4% | 21.0% |
| MAGS Grade (NAV) | F | F | D | C | na | na |
| +/- Category (NAV) | -8.9% | -29.1% | -34.5% | 2.1% | na | na |
| MAGS Tax-Cost Ratio | na | na | 0.6% | 0.4% | na | na |
MAGS Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MAGS Return (NAV) | -2.5% | 23.0% | 64.6% | na | na | na | na | na | na | na | na |
| MAGS Return (Price) | -2.5% | 23.0% | 64.0% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.006% | 0.001% | -0.009% | na | na | na | na | na | na | na | na |
| Technology Avg | 35.2% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| MAGS Grade (NAV) | F | C | A | na | na | na | na | na | na | na | na |
| +/- Category | -37.7% | -0.2% | 44.7% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.33 |
| R-Squared: | 59% |
| Standard Deviation: | 22.0% |
| Category Risk Index: | 0.86 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.81 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 1.5% |
| Total Assets: | $ 3,602 Mil |
| Share Class Assets: | $ 3,602 Mil |
| Turnover: | 27.0% |
| Expense Ratio: | 0.30% |
| Index Fund: | No |
| Index Tracked: | Solactive GBS Global Mkt All Cap TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 3.2 years | |||
| Average Tenure: 2.9 years | |||
| Managers (Year): Hershey William (2023), Serowik Andrew (2023), Maloney Timothy (2023), Tan Gabriel (2023), Alberico Todd (2023), Cooper Brian (2023), Mazza David (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 27 |
| % in Top 10 Holdings: | 114.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.2% |
Portfolio Allocation |
|
| Domestic Stock: | 113.4% |
| Foreign Stock: | 0.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.5% |
| Cash: | -13.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Roundhill Investments |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | April 10, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.30% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.53% |
