MAGO vs. FYEE
MAGO (Tuttle Capital Magnificent 7 Income Blast ETF) and FYEE (Fidelity Yield Enhanced Equity ETF) are both Derivative Income funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. MAGO charges 0.99%/yr vs 0.28%/yr for FYEE.
Performance
MAGO vs. FYEE - Performance Comparison
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Returns By Period
In the year-to-date period, MAGO achieves a 3.00% return, which is significantly lower than FYEE's 7.03% return.
MAGO
- 1D
- -1.35%
- 1M
- 2.78%
- YTD
- 3.00%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FYEE
- 1D
- -0.30%
- 1M
- 3.22%
- YTD
- 7.03%
- 6M
- 8.52%
- 1Y
- 24.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGO vs. FYEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MAGO Tuttle Capital Magnificent 7 Income Blast ETF | 3.00% | -0.60% |
FYEE Fidelity Yield Enhanced Equity ETF | 7.03% | -0.52% |
Correlation
The correlation between MAGO and FYEE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 31, 2025 | 0.75 |
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Return for Risk
MAGO vs. FYEE — Risk / Return Rank
MAGO
FYEE
MAGO vs. FYEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Magnificent 7 Income Blast ETF (MAGO) and Fidelity Yield Enhanced Equity ETF (FYEE). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| MAGO | FYEE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.24 | -0.99 |
Drawdowns
MAGO vs. FYEE - Drawdown Comparison
The maximum MAGO drawdown since its inception was -17.98%, roughly equal to the maximum FYEE drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for MAGO and FYEE.
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Drawdown Indicators
| MAGO | FYEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.98% | -18.79% | +0.81% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.39% | — |
Current DrawdownCurrent decline from peak | -4.03% | -0.30% | -3.73% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -2.25% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.44% | — |
Volatility
MAGO vs. FYEE - Volatility Comparison
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Volatility by Period
| MAGO | FYEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.57% | 9.64% | +12.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.57% | 13.84% | +8.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.57% | 13.84% | +8.73% |
MAGO vs. FYEE - Expense Ratio Comparison
MAGO has a 0.99% expense ratio, which is higher than FYEE's 0.28% expense ratio.
Dividends
MAGO vs. FYEE - Dividend Comparison
MAGO's dividend yield for the trailing twelve months is around 6.39%, less than FYEE's 7.57% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FYEE Fidelity Yield Enhanced Equity ETF | 7.57% | 7.08% | 5.45% |
MAGO Tuttle Capital Magnificent 7 Income Blast ETF | 6.39% | 0.00% | 0.00% |
Frequently Asked Questions
MAGO and FYEE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FYEE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FYEE is cheaper with a 0.28% expense ratio, compared with 0.99% for MAGO.
FYEE has the higher dividend yield at 7.57%, compared with 6.39% for MAGO.
They also come from different issuers: Tuttle and Fidelity. Their fees differ too: 0.99% for MAGO and 0.28% for FYEE.
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