MAGO vs. GOOY

Last updated Jun 24, 2026

MAGO (Tuttle Capital Magnificent 7 Income Blast ETF) and GOOY (YieldMax GOOGL Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

MAGO vs. GOOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Magnificent 7 Income Blast ETF (MAGO) and YieldMax GOOGL Option Income Strategy ETF (GOOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGO achieves a -5.64% return, which is significantly lower than GOOY's 9.57% return.

MAGO

• 1D: -1.54%
• 1M: -10.07%
• YTD: -5.64%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOOY

• 1D: -0.99%
• 1M: -8.62%
• YTD: 9.57%
• 6M: 9.10%
• 1Y: 83.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAGO vs. GOOY - Yearly Performance Comparison

	2026 (YTD)	2025
MAGO Tuttle Capital Magnificent 7 Income Blast ETF	-5.64%	-0.88%
GOOY YieldMax GOOGL Option Income Strategy ETF	9.57%	-0.27%

Correlation

The correlation between MAGO and GOOY is 0.65, 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 30, 2025	0.65

Return for Risk

MAGO vs. GOOY — Risk / Return Rank

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

MAGO

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

GOOY

GOOY Risk / Return Rank: 92
GOOY Sharpe Ratio Rank: 95
GOOY Sortino Ratio Rank: 94
GOOY Omega Ratio Rank: 92
GOOY Calmar Ratio Rank: 89
GOOY Martin Ratio Rank: 88

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.

MAGO vs. GOOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Magnificent 7 Income Blast ETF (MAGO) and YieldMax GOOGL Option Income Strategy ETF (GOOY). 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.

	MAGO	GOOY	Difference
Sharpe ratio: Return per unit of total volatility	—	3.53	—
Sortino ratio: Return per unit of downside risk	—	4.67	—
Omega ratio: Gain probability vs. loss probability	—	1.60	—
Calmar ratio: Return relative to maximum drawdown	—	5.17	—
Martin ratio: Return relative to average drawdown	—	18.36	—

Drawdowns

MAGO vs. GOOY - Drawdown Comparison

The maximum MAGO drawdown since its inception was -18.21%, smaller than the maximum GOOY drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for MAGO and GOOY.

Drawdown Indicators

	MAGO	GOOY	Difference
Max Drawdown Largest peak-to-trough decline	-18.21%	-24.40%	+6.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.15%	—
Current Drawdown Current decline from peak	-12.08%	-11.86%	-0.22%
Average Drawdown Average peak-to-trough decline	-5.68%	-6.28%	+0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.54%	—

Volatility

Volatility by Period

	MAGO	GOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.22%	23.67%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.22%	23.43%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.22%	23.43%	+0.79%

MAGO vs. GOOY - Expense Ratio Comparison

Both MAGO and GOOY have an expense ratio of 0.99%.

Dividends

MAGO vs. GOOY - Dividend Comparison

MAGO's dividend yield for the trailing twelve months is around 8.00%, less than GOOY's 52.71% yield.

Position	TTM	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	52.71%	41.50%	36.74%	7.90%
MAGO Tuttle Capital Magnificent 7 Income Blast ETF	8.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAGO and GOOY in my portfolio?

MAGO and GOOY have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MAGO or GOOY?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MAGO or GOOY?

MAGO and GOOY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, MAGO or GOOY?

GOOY has the higher dividend yield at 52.71%, compared with 8.00% for MAGO.

What is the main difference between MAGO and GOOY?

They also come from different issuers: Tuttle and YieldMax.