MAGA vs. NANC

Last updated Aug 2, 2026

MAGA (Truth Social America First ETF) and NANC (Unusual Whales Subversive Democratic Trading ETF) are both Large Cap Blend Equities funds. MAGA is passively managed, while NANC is actively managed. Their 0.10 correlation means their historical movements had little consistent relationship. Both charge a 0.72% expense ratio.

Performance

MAGA vs. NANC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Truth Social America First ETF (MAGA) and Unusual Whales Subversive Democratic Trading ETF (NANC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MAGA

• 1D: -0.33%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NANC

• 1D: 1.18%
• 1M: -0.64%
• 6M: 8.71%
• YTD: 9.12%
• 1Y: 19.87%
• 3Y*: 20.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAGA Truth Social America First ETF	$81.52K	$81.52K	$81.52K
NANC Unusual Whales Subversive Democratic Trading ETF	$826.89K	$806.25K	$1.03M

MAGA vs. NANC - Yearly Performance Comparison

	2026 (YTD)
MAGA Truth Social America First ETF	-0.88%
NANC Unusual Whales Subversive Democratic Trading ETF	1.72%

Correlation

The correlation between MAGA and NANC is 0.10, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 27, 2026	0.10

MAGA vs. NANC - Sectors Allocation Comparison

Sectors	MAGA	NANC
Industrials	23.2%	5.8%
Consumer Cyclical	14.3%	8.2%
Energy	14.0%	-
Basic Materials	11.8%	2.0%
Utilities	9.8%	0.6%
Financial Services	8.5%	8.2%
Healthcare	6.8%	10.0%
Consumer Defensive	4.9%	7.1%
Technology	3.0%	45.6%
Real Estate	2.8%	-
Communication Services	-	12.5%

Return for Risk

MAGA vs. NANC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MAGA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NANC

NANC Risk / Return Rank: 47
NANC Sharpe Ratio Rank: 49
NANC Sortino Ratio Rank: 48
NANC Omega Ratio Rank: 46
NANC Calmar Ratio Rank: 41
NANC Martin Ratio Rank: 50

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MAGA vs. NANC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Truth Social America First ETF (MAGA) and Unusual Whales Subversive Democratic Trading ETF (NANC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MAGA	NANC	Difference
Sharpe ratio: Return per unit of total volatility	—	1.20	—
Sortino ratio: Return per unit of downside risk	—	1.72	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.47	—
Martin ratio: Return relative to average drawdown	—	5.80	—

Drawdowns

MAGA vs. NANC - Drawdown Comparison

The maximum MAGA drawdown since its inception was -1.72%, smaller than the maximum NANC drawdown of -20.94%. Use the drawdown chart below to compare losses from any high point for MAGA and NANC.

Drawdown Indicators

	MAGA	NANC	Difference
Max Drawdown Largest peak-to-trough decline	-1.72%	-20.94%	+19.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.94%	—
Current Drawdown Current decline from peak	-1.72%	-1.72%	0.00%
Average Drawdown Average peak-to-trough decline	-0.80%	-2.64%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.09%	—

Volatility

Volatility by Period

	MAGA	NANC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.50%	14.96%	-4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.50%	16.81%	-6.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.50%	16.81%	-6.31%

MAGA vs. NANC - Expense Ratio Comparison

Both MAGA and NANC have an expense ratio of 0.72%.

Dividends

MAGA vs. NANC - Dividend Comparison

MAGA has not paid dividends to shareholders, while NANC's dividend yield for the trailing twelve months is around 0.19%.

Position	TTM	2025	2024	2023
MAGA Truth Social America First ETF	0.00%	0.00%	0.00%	0.00%
NANC Unusual Whales Subversive Democratic Trading ETF	0.19%	0.21%	0.20%	0.94%

Frequently Asked Questions

Can I hold both MAGA and NANC in my portfolio?

MAGA and NANC have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MAGA or NANC?

Both ETFs have the same 0.72% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MAGA or NANC?

MAGA and NANC have the same expense ratio: 0.72% per year.

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

NANC has the higher dividend yield at 0.19%, compared with 0.00% for MAGA.

What is the main difference between MAGA and NANC?

They also come from different issuers: Truth Social Funds and Tidal.