Image source: © 2025 Krish Capital Pty.Ltd

Highlights

  • MAGS trades at 64.14 USD with ~15.6% YTD gains and ~40% 1-year returns as of mid-September 2025.
  • Equal-weight design trimmed winners and added to laggards, shaping performance during both drawdowns and recoveries.
  • Net inflows of 50M USD in March signaled continued investor demand despite a sharp Q1 decline.

The Roundhill Magnificent Seven ETF (MAGS) is built to give equal-weight exposure to Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. Launched in April 2023, it has become a flagship Roundhill Investments product, offering concentrated mega-cap technology access through a single line item.

Market Snapshot

On September 16, 2025, MAGS traded at 64.14 USD, up 1.18 USD (0.02%) on the day. The session opened at 63.80 USD, with a high of 64.39 USD, low of 62.93 USD, and intraday volume of 2,399,021 shares. The fund charges a 0.29% expense ratio and primarily holds exposure via swaps, with Treasury bills serving as collateral.

Performance Across 2025

The ETF’s path this year unfolded in three distinct phases.

Q1 setback: In March, MAGS posted its steepest monthly and quarterly loss since inception, down 10.5% for the month and ~15% YTD. Tesla led declines with a drop of more than 35%, while Nvidia and others recorded mid-teen losses.

March inflows: Despite the slump, investors added ~50M USD over four sessions, reflecting demand for tactical access to the Magnificent Seven.

Spring and summer recovery: By mid-September, MAGS had staged a rebound, with six-month gains of ~32%, YTD returns of 15–16%, and trailing 1-year performance of ~40%.

Why Equal-Weight Matters

Equal weighting prevents any one stock, such as Nvidia or Microsoft, from dominating the basket. The quarterly rebalance enforces systematic trimming of outperformers and reallocation to laggards, a process that amplified recovery dynamics in 2025 after early weakness.

Trading and Liquidity

MAGS trades on Cboe BZX, with active options and growing daily volumes. Sister products include MAGX (2x leveraged) and MAGY (covered-call income), both launched as extensions of the Mag 7 theme.

Risks Observed in 2025

Crowding in mega-cap tech, stock-specific shocks, and reliance on derivatives remain central risks. The Q1 drawdown highlighted how multiple simultaneous declines can pull the basket sharply lower.