MAGA vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Point Bridge GOP Stock Tracker ETF (MAGA) and S&P 500 Index (^GSPC).

MAGA is a passively managed fund by Point Bridge Capital that tracks the performance of the Point Bridge GOP Stock Tracker Index. It was launched on Sep 6, 2017.

Performance

MAGA vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Point Bridge GOP Stock Tracker ETF (MAGA) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

MAGA vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MAGA Point Bridge GOP Stock Tracker ETF	4.20%	10.31%	14.69%	10.37%	-1.01%	33.60%	5.93%	26.08%	-14.82%	12.12%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	8.46%

Returns By Period

In the year-to-date period, MAGA achieves a 4.20% return, which is significantly higher than ^GSPC's -3.95% return.

MAGA

• 1D: 0.07%
• 1M: -4.75%
• YTD: 4.20%
• 6M: 3.69%
• 1Y: 12.13%
• 3Y*: 14.15%
• 5Y*: 10.46%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MAGA vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MAGA

MAGA Risk / Return Rank: 39
MAGA Sharpe Ratio Rank: 37
MAGA Sortino Ratio Rank: 38
MAGA Omega Ratio Rank: 38
MAGA Calmar Ratio Rank: 36
MAGA Martin Ratio Rank: 44

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MAGA vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Point Bridge GOP Stock Tracker ETF (MAGA) and S&P 500 Index (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MAGA	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.74	0.92	-0.18
Sortino ratio Return per unit of downside risk	1.15	1.41	-0.26
Omega ratio Gain probability vs. loss probability	1.16	1.21	-0.05
Calmar ratio Return relative to maximum drawdown	0.95	1.41	-0.46
Martin ratio Return relative to average drawdown	4.33	6.61	-2.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAGA vs. ^GSPC - Sharpe Ratio Comparison

The current MAGA Sharpe Ratio is 0.74, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of MAGA and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MAGA	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	0.92	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.61	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.46	+0.08

Correlation

The correlation between MAGA and ^GSPC is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

MAGA vs. ^GSPC - Drawdown Comparison

The maximum MAGA drawdown since its inception was -43.17%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MAGA and ^GSPC.

Drawdown Indicators

	MAGA	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-43.17%	-56.78%	+13.61%
Max Drawdown (1Y) Largest decline over 1 year	-12.91%	-12.14%	-0.77%
Max Drawdown (5Y) Largest decline over 5 years	-18.02%	-25.43%	+7.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-4.75%	-5.78%	+1.03%
Average Drawdown Average peak-to-trough decline	-5.78%	-10.75%	+4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.60%	+0.24%

Volatility

MAGA vs. ^GSPC - Volatility Comparison

The current volatility for Point Bridge GOP Stock Tracker ETF (MAGA) is 3.63%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that MAGA experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGA	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	5.37%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	8.45%	9.55%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	16.48%	18.33%	-1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	16.90%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.46%	18.05%	+2.41%