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 129 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% | 27.28M | Nov 2024 | MAGO vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | MAGO vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | MAGO vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | MAGO vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 344.74M | Dec 2007 | MAGO vs PBP |
Best Risk-Adjusted Alternatives to MAGO
Among 142 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | MAGO vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | MAGO vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | MAGO vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | MAGO vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | MAGO vs TSMY |
Top Performing MAGO Alternatives (YTD)
MAGO is at 3.00% YTD. There are 133 ETFs in the Derivative Income category with higher YTD returns, going as high as 363.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 363.23% | 14.71M | Oct 2025 | MAGO vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | MAGO vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | MAGO vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | MAGO vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | MAGO vs MRNY |
Lowest Volatility Alternatives to MAGO
MAGO has 22.57% 1-year volatility. There are 139 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | MAGO vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | MAGO vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | MAGO vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | MAGO vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | MAGO vs LQTI |
Lowest Drawdown Alternatives to MAGO
Among 142 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% | 438.06M | Oct 2022 | MAGO vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | MAGO vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | 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 | 67 | 17.45% | 41.84M | Dec 2023 | MAGO vs NSI | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | Large Cap Blend Equities | 2 | -14.51% | 8.07M | 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, DHSB. These 7 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Kurv Yield Premium Strategy Google ETF | Derivative Income | 86 | 12.36% | 22.71M | Oct 2023 | MAGO vs GOOP | |
| Global X Treasury Bond Enhanced Income ETF | Government Bonds, Derivative Income | — | -0.36% | — | Jul 2025 | MAGO vs TLTX | |
| Day Hagan Smart Buffer ETF | Derivative Income | 63 | 4.21% | 39.66M | Feb 2025 | MAGO vs DHSB | |
| Goldman Sachs S&P 500 Premium Income ETF | Derivative Income, S&P 500 | 75 | 9.91% | 4.25B | Oct 2023 | MAGO vs GPIX | |
| FT Energy Income Partners Enhanced Income ETF | Derivative Income | 75 | 14.55% | 1.05B | Sep 2011 | MAGO vs EIPI | |
| Invesco QQQ Income Advantage ETF | Derivative Income | 77 | 14.57% | 749.48M | Jul 2024 | MAGO vs QQA | |
| Parametric Equity Premium Income ETF | Derivative Income | 33 | 5.81% | 388.80M | Oct 2023 | MAGO vs PAPI |
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