Magnificent Seven Isn't Leading Anymore, And That Could Help YMAG, Less So MAGY

2026-05-15 11:12:16 ET

The last time I had compared the Roundhill Magnificent Seven Covered Call ETF ( MAGY ) and the YieldMax Magnificent 7 Fund of Option Income ETFs ( YMAG ) in September last year, I had argued around the structural limitations of both strategies despite attractive headline yields. The primary concern was around covered calls capping upside in strong bull run phases. Since long term payout sustainability in equity income strategies is often indirectly funded by capital appreciation itself, sacrificing too much upside eventually weakens the engine supporting distributions. ...

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