MAGO vs. SKRE
MAGO (Tuttle Capital Magnificent 7 Income Blast ETF) and SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) are both exchange-traded funds - MAGO is a Derivative Income fund actively managed by Tuttle, while SKRE is a Large Cap Blend Equities fund tracking the S&P Regional Banks Select Industry. MAGO is actively managed, while SKRE is passively managed. At a correlation of -0.20, they often move in opposite directions. MAGO charges 0.99%/yr vs 0.75%/yr for SKRE.
Performance
MAGO vs. SKRE - Performance Comparison
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Returns By Period
In the year-to-date period, MAGO achieves a -5.64% return, which is significantly higher than SKRE's -27.55% return.
MAGO
- 1D
- -1.54%
- 1M
- -10.07%
- YTD
- -5.64%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SKRE
- 1D
- -3.20%
- 1M
- -11.73%
- YTD
- -27.55%
- 6M
- -23.40%
- 1Y
- -47.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGO vs. SKRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MAGO Tuttle Capital Magnificent 7 Income Blast ETF | -5.64% | -0.88% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -27.55% | 3.56% |
Correlation
The correlation between MAGO and SKRE is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025 | -0.20 |
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Return for Risk
MAGO vs. SKRE — Risk / Return Rank
MAGO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SKRE
MAGO vs. SKRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Magnificent 7 Income Blast ETF (MAGO) and Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE). 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 | SKRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.82 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -1.02 | — |
| Martin ratioReturn relative to average drawdown | — | -1.67 | — |
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Drawdowns
MAGO vs. SKRE - Drawdown Comparison
The maximum MAGO drawdown since its inception was -18.21%, smaller than the maximum SKRE drawdown of -76.50%. Use the drawdown chart below to compare losses from any high point for MAGO and SKRE.
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Drawdown Indicators
| MAGO | SKRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.21% | -76.50% | +58.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -46.48% | — |
Current DrawdownCurrent decline from peak | -12.08% | -76.50% | +64.42% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -47.77% | +42.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 29.15% | — |
Volatility
MAGO vs. SKRE - Volatility Comparison
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Volatility by Period
| MAGO | SKRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 32.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.22% | 46.85% | -22.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.22% | 55.45% | -31.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.22% | 55.45% | -31.23% |
MAGO vs. SKRE - Expense Ratio Comparison
MAGO has a 0.99% expense ratio, which is higher than SKRE's 0.75% expense ratio.
Dividends
MAGO vs. SKRE - Dividend Comparison
MAGO's dividend yield for the trailing twelve months is around 8.00%, more than SKRE's 0.35% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MAGO Tuttle Capital Magnificent 7 Income Blast ETF | 8.00% | 0.00% | 0.00% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.35% | 0.26% | 3.16% |
Frequently Asked Questions
MAGO and SKRE have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SKRE is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SKRE is cheaper with a 0.75% expense ratio, compared with 0.99% for MAGO.
MAGO has the higher dividend yield at 8.00%, compared with 0.35% for SKRE.
MAGO is categorized as Derivative Income, while SKRE is Large Cap Blend Equities. Their fees differ too: 0.99% for MAGO and 0.75% for SKRE.
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