ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Roundhill Investments is known for offering specialized ETFs that focus on income generation and thematic investing strategies. The firm operates 42 funds across five distinct families—Core, HALO, Income, Thematic, and WeeklyPay—with a particular emphasis on covered call strategies and weekly distribution products designed to generate regular cash flows. Notable offerings include ticker symbols like AAPW, AMDW, and AMZW (which employ covered call strategies on major technology stocks), along with thematic funds covering areas such as artificial intelligence (CHAT), cryptocurrency mining (DRAM), and other innovative sectors.
See our curated list of related YouTube videos on MAGS.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Invesco is a major player in the ETF space known for offering a broad, diversified lineup of 71 funds spanning multiple investment themes and strategies. Their portfolio spans income-focused funds, factor-based equity strategies, commodity exposure, digital assets, ESG investing, and the popular Invesco QQQ family tracking the Nasdaq-100, serving both income-seeking and growth-oriented investors. The issuer is particularly recognized for specialized offerings like BulletShares (laddered bond funds), sector rotation strategies, and thematic investing options, making it a comprehensive choice for investors seeking varied exposures beyond traditional index funds.
See our curated list of related YouTube videos on SPMO.
Projections assume the current yield and share price remain constant. Actual results will vary.
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 1.45% vs 0.64% 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 ($20.3B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose MAGS
Roundhill Magnificent Seven ETF
Want higher current income — MAGS yields 1.45% vs 0.64% 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 $12.08/month, while SPMO would produce $5.33/month, at current distribution rates.
MAGS yield1.45%
SPMO yield0.64%
Monthly diff on $10K$6.75
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 tracks Magnificent Seven stocks (equal-weight) with a magnificent seven approach, while SPMO tracks S&P 500 Momentum Index with an index approach. Beta is 1.33 for MAGS and 1.28 for SPMO, indicating SPMO is less volatile relative to the market.
MAGS beta1.33
SPMO beta1.28
Fund details
MAGS is managed by Roundhill Investments (launched 04/11/2023) with $3.57B in assets. SPMO is managed by Invesco (launched 10/09/2015) with $20.3B in assets.
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Frequently asked questions
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) tracks Magnificent Seven stocks (equal-weight) with a magnificent seven 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.
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 $12.08 per month ($145.00 annually). The same in SPMO would produce about $5.33 per month ($64.00 annually).
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
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