MAGO vs. LQTI
MAGO (Tuttle Capital Magnificent 7 Income Blast ETF) and LQTI (FT Vest Investment Grade & Target Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. MAGO charges 0.99%/yr vs 0.65%/yr for LQTI.
Performance
MAGO vs. LQTI - Performance Comparison
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Returns By Period
In the year-to-date period, MAGO achieves a 3.00% return, which is significantly higher than LQTI's 0.16% return.
MAGO
- 1D
- -1.35%
- 1M
- 2.78%
- YTD
- 3.00%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQTI
- 1D
- -0.26%
- 1M
- 0.41%
- YTD
- 0.16%
- 6M
- -0.04%
- 1Y
- 5.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGO vs. LQTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MAGO Tuttle Capital Magnificent 7 Income Blast ETF | 3.00% | -0.60% |
LQTI FT Vest Investment Grade & Target Income ETF | 0.16% | -0.25% |
Correlation
The correlation between MAGO and LQTI is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 31, 2025 | 0.31 |
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Return for Risk
MAGO vs. LQTI — Risk / Return Rank
MAGO
LQTI
MAGO vs. LQTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Magnificent 7 Income Blast ETF (MAGO) and FT Vest Investment Grade & Target Income ETF (LQTI). 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 | LQTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.88 | -0.63 |
Drawdowns
MAGO vs. LQTI - Drawdown Comparison
The maximum MAGO drawdown since its inception was -17.98%, which is greater than LQTI's maximum drawdown of -3.41%. Use the drawdown chart below to compare losses from any high point for MAGO and LQTI.
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Drawdown Indicators
| MAGO | LQTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.98% | -3.41% | -14.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.41% | — |
Current DrawdownCurrent decline from peak | -4.03% | -1.44% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -0.88% | -4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.11% | — |
Volatility
MAGO vs. LQTI - Volatility Comparison
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Volatility by Period
| MAGO | LQTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.57% | 5.10% | +17.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.57% | 5.97% | +16.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.57% | 5.97% | +16.60% |
MAGO vs. LQTI - Expense Ratio Comparison
MAGO has a 0.99% expense ratio, which is higher than LQTI's 0.65% expense ratio.
Dividends
MAGO vs. LQTI - Dividend Comparison
MAGO's dividend yield for the trailing twelve months is around 6.39%, less than LQTI's 9.11% yield.
| Position | TTM | 2025 |
|---|---|---|
LQTI FT Vest Investment Grade & Target Income ETF | 9.11% | 7.01% |
MAGO Tuttle Capital Magnificent 7 Income Blast ETF | 6.39% | 0.00% |
Frequently Asked Questions
MAGO and LQTI have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQTI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQTI is cheaper with a 0.65% expense ratio, compared with 0.99% for MAGO.
LQTI has the higher dividend yield at 9.11%, compared with 6.39% for MAGO.
They also come from different issuers: Tuttle and FT Vest. Their fees differ too: 0.99% for MAGO and 0.65% for LQTI.
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