Is there an etf based on these magnificent 7?

Yes, there are ETFs based on the Magnificent 7 stocks. Here are some key points about the Roundhill Magnificent 7 ETF (MAGS):

1. Composition: MAGS offers equal weight exposure to the Magnificent 7 stocks: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.
2. Launch and Performance: MAGS was launched on April 11, 2023, and seeks to offer tax efficiency and consistent exposure to these stocks through quarterly rebalancing.
3. Fees: The expense ratio for MAGS is 0.29%, and options trading is available.
4. Comparison with SPY: While MAGS provides focused exposure to the Magnificent 7, the SPDR S&P 500 ETF Trust (SPY) offers broader exposure to the entire S&P 500, including these stocks but with a more diversified portfolio.
5. Historical Performance: The Magnificent 7 stocks have outperformed the broader market, with significant gains over the past five years. For example, Nvidia led the pack with a 1094.64% gain, and Tesla had an impressive 807.56% gain.

Investors interested in these stocks should consider MAGS for targeted exposure, while those seeking broader market coverage may prefer SPY.