Dividend comparison

MAGS vs QQQ: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Roundhill Magnificent Seven ETF and Invesco QQQ Trust, Series 1, side by side. Updated October 21, 2026.

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MAGS vs QQQ: key differences
The short answer, from the latest data on this page.
  • Fees. QQQ is cheaper at 0.18% a year versus 0.30% for MAGS. On $10,000 that is $12 a year less in fees.
  • Income. MAGS pays more income, yielding 1.35% over the last twelve months versus 0.53% for QQQ. That is about $82 more a year on $10,000. Both pay annual.
  • Performance. Over the last 3 years, MAGS returned 150.1% versus 105.6% for QQQ, with dividends reinvested. $10,000 would have grown to $25,009 in MAGS and $20,561 in QQQ.
  • Risk. QQQ has been the bumpier ride. Its worst peak-to-trough decline over the last 3 years was -35.1%, against -29.9% for MAGS.
  • Diversification. QQQ holds 102 positions and MAGS holds 16. The ten largest positions make up 123.9% of MAGS and 47.2% of QQQ.
  • Overlap. 29% of the two portfolios overlap by weight, across 7 shared holdings.
  • Size. QQQ is the larger fund with $487.5 billion in assets, against $5.8 billion for MAGS.

Bottom line: MAGS fits better if you care most about more income today, stronger 3-year returns and smaller drawdowns. QQQ fits better if you care most about lower fees and broader diversification.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricMAGS
Roundhill Magnificent Seven ETF
QQQ
Invesco QQQ Trust, Series 1
Dividend yield (TTM)1.35%0.53%
Dividend / share (TTM)$0.98$3.79
Payout frequencyAnnualAnnual
Last dividend$0.9762 on Dec 31, 2025$0.7514 on Oct 8, 2026
Ex-dividend dateDec 30, 2025Dec 21, 2026
Next payment—$0.7941 on Dec 28, 2026
Dividend growth (CAGR)—13.3% over 4 yrs
Price$72.20$717.63
Dividend growth streak1 year—
Beta1.371.23
Max drawdown (5Y)-29.9%-35.1%
Market cap$3.89B$479.05B
ExchangeCBOENASDAQ
Expense ratio0.30%0.18%
Assets under management$5.77B$487.46B
Number of holdings16102
Top 10 concentration123.9%47.2%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

MAGS

$11.27/mo

$135 /yr at 1.35% yield

QQQ

$4.40/mo

$53 /yr at 0.53% yield

Dividend history
Total dividends paid per share in each calendar year. MAGS pays annual; QQQ pays annual.
YearMAGSQQQ
2025$0.9762$2.7949
2024$0.4400$3.0623
2023—$2.3200
2022—$2.1351
2021—$1.6968
Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.

Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.

What MAGS vs QQQ actually do

QQQ
Invesco's fund tracking the Nasdaq-100, the largest non-financial companies listed on the Nasdaq exchange.

The index is modified market-cap weighted and excludes financials by rule, which is why it lands so heavily in technology, communication services and consumer discretionary names. In December 2025 the fund converted from a unit investment trust to a conventional open-end fund and cut its fee, so it can now reinvest income and lend securities like its peers. It remains the most liquid Nasdaq-100 vehicle by a wide margin and the reference asset for a large share of the options-income products in this category.

Suits investors who want concentrated large-cap growth exposure and anyone who needs deep options liquidity. Dividends are incidental, so it does not answer an income mandate on its own.

Growth-tilted core, concentrated

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Apr 11, 2023 would now be worth $29,847 in MAGS and $23,151 in QQQ.
PeriodMAGSQQQ
1 month2.47%-0.43%
3 months7.91%3.10%
Year to date9.46%17.09%
1 year10.58%17.78%
3 years150.09%105.61%
5 years—96.98%
  • MAGS
  • QQQ
842023212023202420252026298232

Both series indexed to 100 on 2023-04-11 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • MAGS
  • QQQ
0%15%29%44%59%Technology15.3%58.8%Cash & Others56.5%0.1%Communication Services11.1%12.1%Consumer Cyclical11.4%10.2%Consumer Defensive6.1%Financial Services5.8%0.2%Industrials5.5%Healthcare4.4%Utilities1.1%Basic Materials1.0%Other0.5%
MAGS vs QQQ holdings overlap
29% overlap by weight, with 7 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Largest shared holdingsMAGS weightQQQ weight
AAPLApple Inc5.63%7.82%
NVDANVIDIA Corp5.20%8.17%
AMZNAmazon.com Inc5.79%4.42%
MSFTMicrosoft Corp4.28%6.19%
METAMeta Platforms Inc5.31%3.28%
GOOGLAlphabet Inc5.44%3.15%
TSLATesla Inc5.75%3.02%
Top 10 holdings
Largest positions by portfolio weight.

MAGS16 holdings total

NameWeight
912797UJ4United States Treasury Bill 10/08/202647.05%
912797VA2United States Treasury Bill 12/03/202617.34%
FGXXXFirst American Government Obligations Fund 12/01/203113.24%
912797VP9United States Treasury Bill 11/03/20268.70%
912797WN3United States Treasury Bill 01/05/20278.64%
XBOXRoundhill Ultra Short Duration No Dividend Target ETF5.99%
AMZNAmazon.com Inc5.79%
TSLATesla Inc5.75%
XBOXRoundhill Box Spread ETF5.72%
023135106 TRS 071426 NMAMAZON.COM INC SWAP5.67%

QQQ102 holdings total

NameWeight
NVDANVIDIA Corp8.17%
AAPLApple Inc7.82%
MSFTMicrosoft Corp6.19%
AMZNAmazon.com Inc4.42%
MUMicron Technology Inc4.41%
AMDAdvanced Micro Devices Inc3.79%
METAMeta Platforms Inc3.28%
GOOGLAlphabet Inc3.15%
TSLATesla Inc3.02%
GOOGAlphabet Inc2.94%

Quick verdict

MAGS fits better if you care most about more income today, stronger 3-year returns and smaller drawdowns. QQQ fits better if you care most about lower fees and broader diversification. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is MAGS or QQQ better for dividend income?
It depends on your goals. MAGS currently yields 1.35% Trailing Twelve Months (TTM) while QQQ yields 0.53%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between MAGS and QQQ?
Roundhill Magnificent Seven ETF (MAGS) is an ETF listed on CBOE. Invesco QQQ Trust, Series 1 (QQQ) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, MAGS or QQQ?
QQQ has the lower expense ratio. MAGS charges 0.30% a year and QQQ charges 0.18%, a difference of $12 a year on a $10,000 investment.
Which has performed better, MAGS or QQQ?
Over the last 3 years, MAGS has the higher total return with dividends reinvested: MAGS returned 150.1% and QQQ returned 105.6%. Past performance does not predict future returns.
Which is riskier, MAGS or QQQ?
Measured by the worst peak-to-trough decline over the last five years, QQQ has been riskier: MAGS fell as much as 29.9% and QQQ as much as 35.1%. Their betas are 1.37 and 1.23.
How much do MAGS and QQQ overlap?
About 29% of the two portfolios overlap by weight, across 7 shared holdings. The largest shared positions are AAPL, NVDA, AMZN. Holding both still adds meaningful diversification.
How often do MAGS and QQQ pay dividends?
Both pay annual. The most recent payments were $0.9762 for MAGS and $0.7514 for QQQ.
How much income does $10,000 in MAGS vs QQQ generate?
At current TTM yields, $10,000 in MAGS would generate roughly $11.27 per month ($135 annually). The same amount in QQQ would produce about $4.40 per month ($53 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both MAGS and QQQ?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare MAGS vs QQQ with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how MAGS and QQQ fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.