XMAG returns 16% YTD, outpacing S&P 500
XMAG has returned 16% YTD, surpassing the S&P 500’s performance. This is attributed to the poor performance of Tesla, which is down 27% YTD.
The Roundhill Magnificent Seven ETF holds only 34% of its net assets in actual equities, with the remainder in Treasury bills and swap derivatives. Since its launch on April 11, 2023, the fund has returned 190.29% through August 7, 2026.
The performance gap between XMAG and the S&P 500 is significant, with XMAG returning 15.95% YTD and the SPDR S&P 500 ETF returning 13.39%. The Defiance Large Cap ex-Mag 7 ETF has outperformed the S&P 500, with $113.2 million in assets, while the Roundhill Magnificent Seven ETF has $175.40 million in assets as of March 31, 2026.