MAGA vs. SPY

Last updated Aug 2, 2026

MAGA (Truth Social America First ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - MAGA is a Large Cap Blend Equities fund tracking the Truth Social America First Index, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Their 0.10 correlation means their historical movements had little consistent relationship. MAGA charges 0.72%/yr vs 0.09%/yr for SPY.

Performance

MAGA vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Truth Social America First ETF (MAGA) and State Street SPDR S&P 500 ETF (SPY). 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*: —

SPY

• 1D: 0.72%
• 1M: 0.30%
• 6M: 8.53%
• YTD: 10.13%
• 1Y: 21.49%
• 3Y*: 19.32%
• 5Y*: 12.76%
• 10Y*: 15.07%
• ALL TIME*: 10.79%

*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
SPY State Street SPDR S&P 500 ETF	$37.27B	$35.99B	$39.23B

MAGA vs. SPY - Yearly Performance Comparison

	2026 (YTD)
MAGA Truth Social America First ETF	-0.88%
SPY State Street SPDR S&P 500 ETF	1.10%

Correlation

The correlation between MAGA and SPY 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. SPY - Sectors Allocation Comparison

Sectors	MAGA	SPY
Industrials	23.2%	7.6%
Consumer Cyclical	14.3%	8.9%
Energy	14.0%	3.4%
Basic Materials	11.8%	1.9%
Utilities	9.8%	2.6%
Financial Services	8.5%	12.5%
Healthcare	6.8%	9.4%
Consumer Defensive	4.9%	4.8%
Technology	3.0%	36.9%
Real Estate	2.8%	2.0%
Communication Services	-	9.7%

Return for Risk

MAGA vs. SPY — 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.

SPY

SPY Risk / Return Rank: 67
SPY Sharpe Ratio Rank: 67
SPY Sortino Ratio Rank: 64
SPY Omega Ratio Rank: 65
SPY Calmar Ratio Rank: 64
SPY Martin Ratio Rank: 76

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. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Truth Social America First ETF (MAGA) and State Street SPDR S&P 500 ETF (SPY). 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	SPY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.52	—
Sortino ratio: Return per unit of downside risk	—	2.11	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.20	—
Martin ratio: Return relative to average drawdown	—	9.40	—

Drawdowns

MAGA vs. SPY - Drawdown Comparison

The maximum MAGA drawdown since its inception was -1.72%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MAGA and SPY.

Drawdown Indicators

	MAGA	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-1.72%	-55.19%	+53.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-1.72%	-1.40%	-0.32%
Average Drawdown Average peak-to-trough decline	-0.80%	-9.01%	+8.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.08%	—

Volatility

Volatility by Period

	MAGA	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.50%	12.89%	-2.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.50%	17.18%	-6.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.50%	17.95%	-7.45%

MAGA vs. SPY - Expense Ratio Comparison

MAGA has a 0.72% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

MAGA vs. SPY - Dividend Comparison

MAGA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAGA Truth Social America First ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	1.01%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both MAGA and SPY in my portfolio?

MAGA and SPY 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 SPY?

On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MAGA or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 0.72% for MAGA.

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

SPY has the higher dividend yield at 1.01%, compared with 0.00% for MAGA.

What is the main difference between MAGA and SPY?

MAGA is categorized as Large Cap Blend Equities, while SPY is S&P 500. MAGA tracks Truth Social America First Index, while SPY tracks S&P 500 Index. They also come from different issuers: Truth Social Funds and State Street. Their fees differ too: 0.72% for MAGA and 0.09% for SPY.