Tuttle Capital Magnificent 7 Income Blast ETF (MAGO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MAGO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MAGO
MAGO charges 0.99% annually. There are 138 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.32M | Nov 2024 | MAGO vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | MAGO vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | MAGO vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | MAGO vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | 398.58M | Oct 2023 | MAGO vs PAPI |
Best Risk-Adjusted Alternatives to MAGO
Among 163 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | MAGO vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | MAGO vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | MAGO vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | MAGO vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | MAGO vs BUCK |
Top Performing MAGO Alternatives (YTD)
MAGO is at -5.64% YTD. There are 176 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | MAGO vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | MAGO vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | MAGO vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | MAGO vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | MAGO vs AMDY |
Lowest Volatility Alternatives to MAGO
MAGO has 24.22% 1-year volatility. There are 147 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | MAGO vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | MAGO vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | MAGO vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | MAGO vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | MAGO vs XRMI |
Lowest Drawdown Alternatives to MAGO
Among 163 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | MAGO vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | MAGO vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | MAGO vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | MAGO vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | MAGO vs OMAH |
Other ETFs from Tuttle
The 4 most viewed Tuttle ETFs shown here include NSI, SKRE, SPCI and span 3 categories. AUM among these funds goes as high as $42M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| National Security Emerging Markets Index ETF | Emerging Markets Diversified | 54 | 12.82% | 41.89M | Dec 2023 | MAGO vs NSI | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | Large Cap Blend Equities | 1 | -27.55% | 7.22M | Jan 2024 | MAGO vs SKRE | |
| Tuttle Capital Space Industry Income Blast ETF | Derivative Income | — | — | — | Mar 2026 | MAGO vs SPCI | |
| Tuttle Capital Meme Stock Income Blast ETF | Derivative Income | — | — | 674.56K | Jan 2026 | MAGO vs MEMY |
Often Compared With MAGO
Investors most often compare MAGO with GOOP, TLTX, IPDP. These 15 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare MAGO with Any Fund or Stock
Compare MAGO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MAGO with funds that move differently
Tuttle Capital Magnificent 7 Income Blast ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MAGO.
Explore MAGO Diversifiers