MAGA vs. CVSE

Last updated Jun 4, 2026

MAGA (Point Bridge GOP Stock Tracker ETF) and CVSE (Calvert US Select Equity ETF) are both Large Cap Blend Equities funds. MAGA is passively managed, while CVSE is actively managed. Over the past 3 years, MAGA returned 15.10%/yr vs 13.34%/yr for CVSE. A 0.72 correlation means they provide meaningful diversification when combined. MAGA charges 0.72%/yr vs 0.29%/yr for CVSE.

Performance

MAGA vs. CVSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Point Bridge GOP Stock Tracker ETF (MAGA) and Calvert US Select Equity ETF (CVSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MAGA

• 1D: -0.02%
• 1M: -0.59%
• YTD: 5.76%
• 6M: 4.95%
• 1Y: 12.22%
• 3Y*: 15.10%
• 5Y*: 9.20%
• 10Y*: —

CVSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 8.06%
• 3Y*: 13.34%
• 5Y*: —
• 10Y*: —

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

MAGA vs. CVSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAGA Point Bridge GOP Stock Tracker ETF	5.76%	10.31%	14.69%	4.88%
CVSE Calvert US Select Equity ETF	0.00%	10.14%	19.11%	13.35%

Correlation

The correlation between MAGA and CVSE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.72

Over the past year, the correlation between MAGA and CVSE has dropped to 0.41 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

MAGA vs. CVSE - Sectors Allocation Comparison

Sectors	MAGA	CVSE
Industrials	22.4%	11.3%
Consumer Cyclical	16.5%	7.0%
Energy	14.0%	-
Basic Materials	10.4%	2.7%
Utilities	9.8%	2.5%
Financial Services	8.5%	16.3%
Healthcare	6.8%	10.3%
Consumer Defensive	4.9%	1.7%
Technology	3.0%	39.5%
Real Estate	2.8%	3.5%
Communication Services	-	5.1%

Return for Risk

MAGA vs. CVSE — Risk / Return Rank

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

MAGA

MAGA Risk / Return Rank: 32
MAGA Sharpe Ratio Rank: 30
MAGA Sortino Ratio Rank: 31
MAGA Omega Ratio Rank: 28
MAGA Calmar Ratio Rank: 35
MAGA Martin Ratio Rank: 35

CVSE

CVSE Risk / Return Rank: 46
CVSE Sharpe Ratio Rank: 36
CVSE Sortino Ratio Rank: 37
CVSE Omega Ratio Rank: 67
CVSE Calmar Ratio Rank: 54
CVSE Martin Ratio Rank: 37

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. CVSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Point Bridge GOP Stock Tracker ETF (MAGA) and Calvert US Select Equity ETF (CVSE). 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	CVSE	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.28	-0.18
Sortino ratio: Return per unit of downside risk	1.67	1.90	-0.22
Omega ratio: Gain probability vs. loss probability	1.19	1.40	-0.21
Calmar ratio: Return relative to maximum drawdown	1.75	2.66	-0.91
Martin ratio: Return relative to average drawdown	5.42	5.71	-0.29
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. CVSE - Sharpe Ratio Comparison

The current MAGA Sharpe Ratio is 1.10, which is comparable to the CVSE Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of MAGA and CVSE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAGA	CVSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	1.28	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.92	-0.38

Drawdowns

MAGA vs. CVSE - Drawdown Comparison

The maximum MAGA drawdown since its inception was -43.17%, which is greater than CVSE's maximum drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for MAGA and CVSE.

Drawdown Indicators

	MAGA	CVSE	Difference
Max Drawdown Largest peak-to-trough decline	-43.17%	-20.29%	-22.88%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-3.08%	-3.94%
Max Drawdown (3Y) Largest decline over 3 years	-17.80%	-20.29%	+2.49%
Max Drawdown (5Y) Largest decline over 5 years	-18.02%	—	—
Current Drawdown Current decline from peak	-3.32%	-1.68%	-1.64%
Average Drawdown Average peak-to-trough decline	-5.73%	-2.69%	-3.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	1.42%	+0.84%

Volatility

MAGA vs. CVSE - Volatility Comparison

Point Bridge GOP Stock Tracker ETF (MAGA) has a higher volatility of 2.64% compared to Calvert US Select Equity ETF (CVSE) at 0.00%. This indicates that MAGA's price experiences larger fluctuations and is considered to be riskier than CVSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGA	CVSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	0.00%	+2.64%
Volatility (6M) Calculated over the trailing 6-month period	7.96%	0.00%	+7.96%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	6.49%	+4.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.31%	13.87%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.30%	13.87%	+6.43%

MAGA vs. CVSE - Expense Ratio Comparison

MAGA has a 0.72% expense ratio, which is higher than CVSE's 0.29% expense ratio.

Dividends

MAGA vs. CVSE - Dividend Comparison

MAGA's dividend yield for the trailing twelve months is around 1.52%, more than CVSE's 0.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CVSE Calvert US Select Equity ETF	0.59%	0.81%	1.05%	1.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MAGA Point Bridge GOP Stock Tracker ETF	1.52%	1.61%	1.18%	1.60%	1.33%	0.69%	2.59%	2.19%	2.14%	0.43%

Frequently Asked Questions

Can I hold both MAGA and CVSE in my portfolio?

MAGA and CVSE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAGA or CVSE?

MAGA has higher volatility (2.64%) compared to CVSE (0.00%). In terms of maximum drawdown, MAGA dropped -43.17% vs CVSE's -20.29%.

Which ETF is better, MAGA or CVSE?

On 3-year performance, MAGA leads with 15.10% vs 13.34% for CVSE. On fees, CVSE is cheaper at 0.29% per year. On volatility, CVSE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGA or CVSE?

Over the 3-year period, MAGA has performed better with a 15.10% return vs 13.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGA or CVSE?

CVSE is cheaper with a 0.29% expense ratio, compared with 0.72% for MAGA.

Which ETF pays a higher dividend yield, MAGA or CVSE?

MAGA has the higher dividend yield at 1.52%, compared with 0.59% for CVSE.

What is the main difference between MAGA and CVSE?

They also come from different issuers: Point Bridge Capital and Calvert. Their fees differ too: 0.72% for MAGA and 0.29% for CVSE.

Which has better risk-adjusted returns?

CVSE currently has the higher Sharpe Ratio (1.28 vs 1.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.