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ETF Comparison

MAGS vs SPMO: Which Is the Better Pick in 2026?

A head-to-head comparison of Roundhill Magnificent Seven ETF and Invesco S&P 500 Momentum ETF covering yield, cost, risk, and income potential.

Data updated August 13, 2026

Best for

  • MAGSInvestors who want higher current income (1.44% vs 0.65% for SPMO).
  • SPMOInvestors who want broad equity exposure.

Jump to the side-by-side numbers

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricMAGSSPMO
Full nameRoundhill Magnificent Seven ETFInvesco S&P 500 Momentum ETF
IssuerRoundhill InvestmentsInvesco
Last Close$67.71 as of August 13, 2026$151.21 as of August 13, 2026
Distribution yield1.44%0.65%
Distribution Safety Score™ 5072
Expense ratio0.29%0.13%
AUM$4.42B$21.3B
Distribution frequencyAnnualQuarterly
Underlying indexMagnificent Seven stocks (equal-weight)S&P 500 Momentum Index
ObjectiveActively managed fund that seeks capital appreciation through equal-weight exposure to the "Magnificent Seven" — a group of seven companies recognized for market dominance in technological innovation.Track the S&P 500 Momentum Index, providing factor exposure to the highest momentum names within the S&P 500.
Asset classEquityEquity
Inception date04/11/202310/09/2015
Beta1.331.33
Last dividend$0.9760$0.2450
Ex-dividend date12/30/202506/22/2026

Bottom lineChoose MAGS if you want higher current income (1.44% vs 0.65% for SPMO). Choose SPMO if you want broad equity exposure.

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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

Roundhill Investments
ETFs55
Total AUM$34.7B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Roundhill Investments is known for offering innovative, specialized ETFs that often feature weekly dividend distributions and exposure to trending themes and individual mega-cap stocks. Their lineup spans income-focused strategies, leveraged products, thematic investments in areas like cryptocurrency and artificial intelligence, and weekly-pay funds that appeal to investors seeking frequent distributions. The issuer has built a distinctive niche with products targeting both traditional income seekers and those interested in emerging sectors, offering a diverse range of tickers that go well beyond conventional dividend vehicles.

See our curated list of related YouTube videos on MAGS.

See all Roundhill Investments ETFs
Invesco
ETFs248
Total AUM$976B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Invesco is a major ETF provider known for offering a comprehensive lineup spanning multiple asset classes and investment strategies. The company specializes in income-focused products including dividend, covered call, and bond strategies, while also maintaining broad exposure across equity, factor-based, thematic, and ESG investing themes. Invesco's portfolio ranges from index-tracking funds to alternatives and specialized offerings like digital assets and BulletShares, making it one of the more expansive ETF families available to investors.

See our curated list of related YouTube videos on SPMO.

See all Invesco ETFs

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

MAGS has lagged SPMO over the trailing twelve months, posting a 14.70% total return against 30.27%. The lead holds up over 3 years too: SPMO has compounded at 38.22% a year, against 31.13% for MAGS. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTD1Y3YSince Apr 2023Volatility Sharpe Sortino Max drawdown
MAGS3.61%14.70%31.13%36.76%26.5%0.861.25-29.9%
SPMO26.91%30.27%38.22%35.83%21.8%1.291.89-20.1%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 12, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Apr 2023” measures every fund from April 11, 2023 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Quick verdict

MAGS (Roundhill Magnificent Seven ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both dividend ETFs, but they take different approaches.

MAGS offers the higher yield at 1.44% vs 0.65% for SPMO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

SPMO is cheaper with an expense ratio of 0.13% compared to 0.29%.

They track different benchmarks: MAGS is linked to Magnificent Seven stocks (equal-weight) while SPMO tracks S&P 500 Momentum Index, which means their performance drivers differ.

SPMO is the larger fund by assets ($21.3B), which generally means tighter spreads and better liquidity.

Who should choose each?

Choose MAGS

Roundhill Magnificent Seven ETF

  • Want higher current income — MAGS yields 1.44% vs 0.65% for SPMO.
  • Want broad equity exposure.

Choose SPMO

Invesco S&P 500 Momentum ETF

  • Want broad equity exposure.
  • Want to keep costs low — a 0.13% expense ratio vs 0.29% for MAGS.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, MAGS would generate roughly $12.00/month, while SPMO would produce $5.42/month, at current distribution rates.

MAGS yield1.44%
SPMO yield0.65%
Monthly diff on $10K$6.58

Cost & efficiency

Over 10 years on $10,000, MAGS would cost approximately $290 in fees vs $130 for SPMO (simplified, not compounded). The $160.00 difference may be offset by yield or performance.

MAGS ER0.29%
SPMO ER0.13%

Strategy & risk

MAGS is actively managed around Magnificent Seven stocks (equal-weight) exposure with a technology approach, while SPMO tracks S&P 500 Momentum Index with an index approach.

MAGS beta1.33
SPMO beta1.33

Fund details

MAGS is managed by Roundhill Investments (launched 04/11/2023) with $4.42B in assets. SPMO is managed by Invesco (launched 10/09/2015) with $21.3B in assets.

MAGS AUM$4.42B
SPMO AUM$21.3B
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Frequently asked questions

What is the current distribution yield for MAGS and SPMO?

MAGS currently distributes 1.44% and SPMO 0.65%, based on fund data updated August 2026. Distribution yield moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is MAGS or SPMO better for dividend income?

It depends on your goals. MAGS currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between MAGS and SPMO?

MAGS (Roundhill Magnificent Seven ETF) is actively managed around Magnificent Seven stocks (equal-weight) exposure with a technology approach, while SPMO (Invesco S&P 500 Momentum ETF) tracks S&P 500 Momentum Index with an index approach. They are issued by Roundhill Investments and Invesco respectively.

Can I hold both MAGS and SPMO?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Is MAGS or SPMO safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — SPMO scores 72, MAGS scores 50, so SPMO's payout currently looks the more resilient of the two. No score makes an investment risk-free — treat this as a screening signal, not a guarantee.

Which has lower fees, MAGS or SPMO?

MAGS has an expense ratio of 0.29% while SPMO charges 0.13%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in MAGS vs SPMO generate?

At current rates, $10,000 in MAGS would generate roughly $12.00 per month ($144.00 annually). The same in SPMO would produce about $5.42 per month ($65.00 annually).

Which has performed better historically, MAGS or SPMO?

MAGS has lagged SPMO over the trailing twelve months, posting a 14.70% total return against 30.27%. The lead holds up over 3 years too: SPMO has compounded at 38.22% a year, against 31.13% for MAGS. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

MAGS vs SPMO — at a glance

Generated August 8, 2026.

Overview

MAGS is an actively managed ETF holding the "Magnificent Seven" mega-cap tech stocks in equal weight, while SPMO is a passively managed index fund tracking the S&P 500 Momentum Index. The core distinction: MAGS concentrates on seven specific companies chosen for technological dominance, whereas SPMO spreads exposure across all 500 S&P names, tilting toward those with the strongest momentum characteristics.

How they differ

MAGS holds exactly seven stocks in equal weight (roughly 14% each), making it a thematic bet on mega-cap tech leadership. SPMO tracks a 500-stock momentum index, so it diversifies across the broader large-cap universe while favoring companies with upward price trends. That concentration difference alone drives their risk profiles: MAGS's beta is 1.33 versus SPMO's 1.28, reflecting higher volatility.

MAGS distributes 1.41% annually, compared to SPMO's 0.65% paid quarterly. The yield difference reflects MAGS's concentrated exposure to lower-dividend tech giants; SPMO's broader index captures more dividend-paying sectors. MAGS costs 0.29% annually, while SPMO charges 0.13%, a gap typical between active and passive approaches. SPMO has significantly larger assets ($21.3B) and a longer track record (inception October 2015 versus April 2023), giving it deeper liquidity and operational history.

Who each is best for

MAGS: Fits investors who believe the Magnificent Seven will continue driving market returns and want concentrated exposure to that thesis without manually rebalancing among those names. Works for those comfortable with higher volatility and willing to accept single-digit holdings.

SPMO: Designed for investors seeking large-cap equity exposure with a momentum tilt while retaining broad diversification across the S&P 500. Suits those who prefer passive index tracking and lower fees, or who want momentum exposure without betting heavily on a single sector or narrative.

Key risks to know

  • Concentration risk in MAGS. Seven equally weighted holdings means each company drives roughly 14% of NAV. If any single Magnificent Seven stock underperforms sharply, the impact is immediate and material.
  • Sector overlap and correlation. Both funds overweight technology; their holdings likely overlap significantly (particularly the Magnificent Seven members in SPMO's momentum tilt). Verify portfolio overlap before pairing them.
  • Momentum factor reversals. SPMO's index systematically buys recent winners and sells recent losers. Momentum can mean-revert sharply during market regime shifts, causing rapid drawdowns when the factor falls out of favor.
  • MAGS's short track record. Inception in April 2023 means MAGS has limited history through a full market cycle or bear market. Its equal-weighting discipline and performance under stress remain unproven.
  • Tech-heavy sector timing. MAGS's seven-stock thesis and SPMO's momentum tilt both lean on technology strength. Prolonged tech sector underperformance would pressure both, though SPMO's breadth provides some mitigation.

Bottom line

If you want concentrated exposure to mega-cap tech and believe in the Magnificent Seven narrative, MAGS delivers that with minimal fees; if you prefer diversified large-cap momentum exposure with lower costs and a longer operating history, SPMO's index approach stands out. The tradeoff is concentration and conviction versus breadth and stability — and remember that past performance does not predict future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

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The metrics behind this comparison, explained in the Academy.

How to read a fund's stats How expense ratios eat returns Correlation between two funds

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