MAGA vs. SPY

Last updated Jun 23, 2026

MAGA (Point Bridge GOP Stock Tracker 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 Point Bridge GOP Stock Tracker Index, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, MAGA returned 10.23%/yr vs 13.51%/yr for SPY. A 0.77 correlation means they provide meaningful diversification when combined. 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 Point Bridge GOP Stock Tracker 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

In the year-to-date period, MAGA achieves a 7.08% return, which is significantly lower than SPY's 9.74% return.

MAGA

• 1D: 0.25%
• 1M: 1.00%
• YTD: 7.08%
• 6M: 6.14%
• 1Y: 13.49%
• 3Y*: 15.06%
• 5Y*: 10.23%
• 10Y*: —

SPY

• 1D: -0.31%
• 1M: 0.09%
• YTD: 9.74%
• 6M: 9.27%
• 1Y: 26.65%
• 3Y*: 21.27%
• 5Y*: 13.51%
• 10Y*: 15.70%

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

MAGA vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MAGA Point Bridge GOP Stock Tracker ETF	7.08%	10.31%	14.69%	10.37%	-1.01%	33.60%	5.93%	26.08%	-14.82%	11.50%
SPY State Street SPDR S&P 500 ETF	9.74%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	9.18%

Correlation

The correlation between MAGA and SPY is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 7, 2017	0.77

Over the past year, the correlation between MAGA and SPY has dropped to 0.56 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

MAGA vs. SPY - Sectors Allocation Comparison

Sectors	MAGA	SPY
Industrials	22.4%	7.8%
Financial Services	14.8%	11.1%
Energy	11.4%	3.1%
Consumer Cyclical	10.4%	9.9%
Utilities	10.4%	2.1%
Consumer Defensive	7.5%	4.5%
Basic Materials	7.3%	1.7%
Real Estate	7.2%	1.8%
Healthcare	6.0%	8.3%
Technology	2.5%	39.0%
Communication Services	-	10.6%

Return for Risk

MAGA vs. SPY — Risk / Return Rank

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

MAGA

MAGA Risk / Return Rank: 36
MAGA Sharpe Ratio Rank: 34
MAGA Sortino Ratio Rank: 35
MAGA Omega Ratio Rank: 31
MAGA Calmar Ratio Rank: 40
MAGA Martin Ratio Rank: 38

SPY

SPY Risk / Return Rank: 68
SPY Sharpe Ratio Rank: 69
SPY Sortino Ratio Rank: 66
SPY Omega Ratio Rank: 68
SPY Calmar Ratio Rank: 63
SPY Martin Ratio Rank: 74

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. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Point Bridge GOP Stock Tracker 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	1.20	2.16	-0.96
Sortino ratio: Return per unit of downside risk	1.81	2.91	-1.11
Omega ratio: Gain probability vs. loss probability	1.21	1.39	-0.18
Calmar ratio: Return relative to maximum drawdown	1.93	3.01	-1.08
Martin ratio: Return relative to average drawdown	5.86	13.54	-7.67

MAGA vs. SPY - Sharpe Ratio Comparison

The current MAGA Sharpe Ratio is 1.20, which is lower than the SPY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of MAGA and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MAGA vs. SPY - Drawdown Comparison

The maximum MAGA drawdown since its inception was -43.17%, 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	-43.17%	-55.19%	+12.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-8.88%	+1.86%
Max Drawdown (3Y) Largest decline over 3 years	-17.80%	-18.76%	+0.96%
Max Drawdown (5Y) Largest decline over 5 years	-18.02%	-24.50%	+6.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-2.11%	-1.75%	-0.36%
Average Drawdown Average peak-to-trough decline	-5.70%	-9.04%	+3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	1.97%	+0.34%

Volatility

MAGA vs. SPY - Volatility Comparison

The current volatility for Point Bridge GOP Stock Tracker ETF (MAGA) is 3.01%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 4.64%. This indicates that MAGA experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGA	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	4.64%	-1.63%
Volatility (6M) Calculated over the trailing 6-month period	8.12%	9.75%	-1.63%
Volatility (1Y) Calculated over the trailing 1-year period	11.35%	12.43%	-1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	17.14%	-0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.27%	17.99%	+2.28%

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's dividend yield for the trailing twelve months is around 1.50%, more than SPY's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAGA Point Bridge GOP Stock Tracker ETF	1.50%	1.61%	1.18%	1.60%	1.33%	0.69%	2.59%	2.19%	2.14%	0.43%	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 0.56, 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 SPY?

SPY has higher volatility (4.64%) compared to MAGA (3.01%). In terms of maximum drawdown, MAGA dropped -43.17% vs SPY's -55.19%.

Which ETF is better, MAGA or SPY?

On 5-year performance, SPY leads with 13.51% vs 10.23% for MAGA. On fees, SPY is cheaper at 0.09% per year. On volatility, MAGA has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGA or SPY?

Over the 5-year period, SPY has performed better with a 13.51% return vs 10.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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?

MAGA has the higher dividend yield at 1.50%, compared with 1.01% for SPY.

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 Point Bridge GOP Stock Tracker Index, while SPY tracks S&P 500 Index. They also come from different issuers: Point Bridge Capital and State Street. Their fees differ too: 0.72% for MAGA and 0.09% for SPY.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (2.16 vs 1.20), 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.