MAGO vs. QQA
MAGO (Tuttle Capital Magnificent 7 Income Blast ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. MAGO charges 0.99%/yr vs 0.29%/yr for QQA.
Performance
MAGO vs. QQA - 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 QQA's 14.57% return.
MAGO
- 1D
- -1.35%
- 1M
- 2.78%
- YTD
- 3.00%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQA
- 1D
- -0.10%
- 1M
- 7.03%
- YTD
- 14.57%
- 6M
- 14.20%
- 1Y
- 32.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGO vs. QQA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MAGO Tuttle Capital Magnificent 7 Income Blast ETF | 3.00% | -0.60% |
QQA Invesco QQQ Income Advantage ETF | 14.57% | -0.69% |
Correlation
The correlation between MAGO and QQA is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 31, 2025 | 0.81 |
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Return for Risk
MAGO vs. QQA — Risk / Return Rank
MAGO
QQA
MAGO vs. QQA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Magnificent 7 Income Blast ETF (MAGO) and Invesco QQQ Income Advantage ETF (QQA). 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 | QQA | 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 | 1.18 | -0.92 |
Drawdowns
MAGO vs. QQA - Drawdown Comparison
The maximum MAGO drawdown since its inception was -17.98%, smaller than the maximum QQA drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for MAGO and QQA.
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Drawdown Indicators
| MAGO | QQA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.98% | -19.73% | +1.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.76% | — |
Current DrawdownCurrent decline from peak | -4.03% | -0.10% | -3.93% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -2.44% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.95% | — |
Volatility
MAGO vs. QQA - Volatility Comparison
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Volatility by Period
| MAGO | QQA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.91% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.57% | 12.59% | +9.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.57% | 18.27% | +4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.57% | 18.27% | +4.30% |
MAGO vs. QQA - Expense Ratio Comparison
MAGO has a 0.99% expense ratio, which is higher than QQA's 0.29% expense ratio.
Dividends
MAGO vs. QQA - Dividend Comparison
MAGO's dividend yield for the trailing twelve months is around 6.39%, less than QQA's 9.29% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MAGO Tuttle Capital Magnificent 7 Income Blast ETF | 6.39% | 0.00% | 0.00% |
QQA Invesco QQQ Income Advantage ETF | 9.29% | 9.78% | 4.29% |
Frequently Asked Questions
MAGO and QQA have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQA is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQA is cheaper with a 0.29% expense ratio, compared with 0.99% for MAGO.
QQA has the higher dividend yield at 9.29%, compared with 6.39% for MAGO.
They also come from different issuers: Tuttle and Invesco. Their fees differ too: 0.99% for MAGO and 0.29% for QQA.
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