MAGO vs. MRNY
MAGO (Tuttle Capital Magnificent 7 Income Blast ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
MAGO vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, MAGO achieves a 4.58% return, which is significantly lower than MRNY's 55.67% return.
MAGO
- 1D
- 1.52%
- 1M
- 3.97%
- YTD
- 4.58%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- 2.69%
- 1M
- 7.98%
- YTD
- 55.67%
- 6M
- 64.78%
- 1Y
- 53.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGO vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MAGO Tuttle Capital Magnificent 7 Income Blast ETF | 4.58% | -0.60% |
MRNY YieldMax MRNA Option Income Strategy ETF | 55.67% | -2.84% |
Correlation
The correlation between MAGO and MRNY is 0.23, 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 | 0.23 |
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Return for Risk
MAGO vs. MRNY — Risk / Return Rank
MAGO
MRNY
MAGO vs. MRNY - 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 MRNA Option Income Strategy ETF (MRNY). 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 | MRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | -0.48 | +0.90 |
Drawdowns
MAGO vs. MRNY - Drawdown Comparison
The maximum MAGO drawdown since its inception was -17.98%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for MAGO and MRNY.
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Drawdown Indicators
| MAGO | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.98% | -82.15% | +64.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -2.56% | -67.23% | +64.67% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -52.64% | +47.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.15% | — |
Volatility
MAGO vs. MRNY - Volatility Comparison
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Volatility by Period
| MAGO | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.58% | 49.38% | -26.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.58% | 50.75% | -28.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.58% | 50.75% | -28.17% |
MAGO vs. MRNY - Expense Ratio Comparison
Both MAGO and MRNY have an expense ratio of 0.99%.
Dividends
MAGO vs. MRNY - Dividend Comparison
MAGO's dividend yield for the trailing twelve months is around 6.29%, less than MRNY's 100.06% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MAGO Tuttle Capital Magnificent 7 Income Blast ETF | 6.29% | 0.00% | 0.00% | 0.00% |
MRNY YieldMax MRNA Option Income Strategy ETF | 100.06% | 145.98% | 178.49% | 1.75% |
Frequently Asked Questions
MAGO and MRNY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MAGO and MRNY have the same expense ratio: 0.99% per year.
MRNY has the higher dividend yield at 100.06%, compared with 6.29% for MAGO.
They also come from different issuers: Tuttle and YieldMax.
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