MAGX ETF — Roundhill Daily 2X Long Magnificent Seven ETF

Roundhill Daily 2X Long Magnificent Seven ETF (MAGX)

MAGX is an ETF. As of September 3, 2026, its distribution rate is 1.96%, its trailing-12-month yield is 1.96%, its expense ratio is 0.95%. Dividend Vision Distribution Safety Score™ is 50/100 (Caution). Total return is 138.4% over the past 2.5 years, 81.6 points ahead of SPY at 56.8%.

At the current 1.96% distribution rate, a $10,000 investment would generate approximately $196 per year, or $16.33 per month on an equivalent basis. Actual annual payments vary.

Roundhill Daily 2X Long Magnificent Seven ETF is an actively managed equity fund that seeks capital growth through direct investment in shares of large-cap technology companies and derivatives such as swaps and futures to provide leveraged exposure to the Magnificent Seven stocks. The fund carries a modest distribution rate and an expense ratio of 0.95%, with no regular distribution schedule. It appeals to growth-oriented investors seeking amplified exposure to mega-cap technology companies, though the leverage and non-diversified structure introduce concentrated risk.

MAGX performance versus SPY

Data as of September 3, 2026.

Total return is 138.4% over the past 2.5 years, 81.6 points ahead of SPY at 56.8%. Its deepest 1-year drawdown was 37.2%.

MAGX key facts

Data as of September 3, 2026.

Distribution Safety Score™

50 · Caution

Issuer

Roundhill Investments

Asset type

ETF

Asset class

Equity

Inception date

02/28/2024

Expense ratio

0.95%

Distribution rate

1.96%

Distribution frequency

Annual

Trailing yield

1.96%

Last close

$59.64

NAV

$57.00

Premium / discount

4.63% premium

AUM

$54,817,867

Average volume

52308.0

Last dividend

$1.171

Last ex-dividend date

12/30/2025

Last payment date

12/31/2025

Beta

2.8347

How Dividend Vision calculates yield and returns

Distribution rate (1.96%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.96%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss. Figures below use Dividend Vision data as of September 3, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 3, 2026.

Primary sources: Roundhill Investments or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MAGX risks and drawbacks

MAGX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 37.2%.

Who may consider MAGX — and who may not

It is a weaker fit for investors who need monthly cash flow (MAGX pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Roundhill Investments.