MAGO vs. XRMI
MAGO (Tuttle Capital Magnificent 7 Income Blast ETF) and XRMI (Global X S&P 500 Risk Managed Income ETF) are both Derivative Income funds. MAGO is actively managed, while XRMI is passively managed. A 0.70 correlation means they provide meaningful diversification when combined. MAGO charges 0.99%/yr vs 0.60%/yr for XRMI.
Performance
MAGO vs. XRMI - Performance Comparison
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Returns By Period
In the year-to-date period, MAGO achieves a -5.64% return, which is significantly lower than XRMI's 1.66% return.
MAGO
- 1D
- -1.54%
- 1M
- -10.07%
- YTD
- -5.64%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRMI
- 1D
- -0.52%
- 1M
- 0.39%
- YTD
- 1.66%
- 6M
- 1.20%
- 1Y
- 9.03%
- 3Y*
- 6.90%
- 5Y*
- —
- 10Y*
- —
MAGO vs. XRMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MAGO Tuttle Capital Magnificent 7 Income Blast ETF | -5.64% | -0.88% |
XRMI Global X S&P 500 Risk Managed Income ETF | 1.66% | -0.17% |
Correlation
The correlation between MAGO and XRMI is 0.70, 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 | 0.70 |
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Return for Risk
MAGO vs. XRMI — Risk / Return Rank
MAGO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XRMI
MAGO vs. XRMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Magnificent 7 Income Blast ETF (MAGO) and Global X S&P 500 Risk Managed Income ETF (XRMI). 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 | XRMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.81 | — |
| Martin ratioReturn relative to average drawdown | — | 7.28 | — |
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Drawdowns
MAGO vs. XRMI - Drawdown Comparison
The maximum MAGO drawdown since its inception was -18.21%, which is greater than XRMI's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for MAGO and XRMI.
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Drawdown Indicators
| MAGO | XRMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.21% | -15.31% | -2.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.34% | — |
Current DrawdownCurrent decline from peak | -12.08% | -0.52% | -11.56% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -5.87% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.24% | — |
Volatility
MAGO vs. XRMI - Volatility Comparison
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Volatility by Period
| MAGO | XRMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.22% | 5.52% | +18.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.22% | 6.91% | +17.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.22% | 6.91% | +17.31% |
MAGO vs. XRMI - Expense Ratio Comparison
MAGO has a 0.99% expense ratio, which is higher than XRMI's 0.60% expense ratio.
Dividends
MAGO vs. XRMI - Dividend Comparison
MAGO's dividend yield for the trailing twelve months is around 8.00%, less than XRMI's 12.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MAGO Tuttle Capital Magnificent 7 Income Blast ETF | 8.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XRMI Global X S&P 500 Risk Managed Income ETF | 12.73% | 12.35% | 11.86% | 12.62% | 12.84% | 2.93% |
Frequently Asked Questions
MAGO and XRMI have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XRMI is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XRMI is cheaper with a 0.60% expense ratio, compared with 0.99% for MAGO.
XRMI has the higher dividend yield at 12.73%, compared with 8.00% for MAGO.
They also come from different issuers: Tuttle and Global X. Their fees differ too: 0.99% for MAGO and 0.60% for XRMI.
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