MEMY vs. MAGO

Last updated Jun 24, 2026

MEMY (Tuttle Capital Meme Stock Income Blast ETF) and MAGO (Tuttle Capital Magnificent 7 Income Blast ETF) are both Derivative Income funds from Tuttle. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

MEMY vs. MAGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Meme Stock Income Blast ETF (MEMY) and Tuttle Capital Magnificent 7 Income Blast ETF (MAGO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MEMY

• 1D: -3.21%
• 1M: -7.80%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGO

• 1D: -1.54%
• 1M: -10.07%
• YTD: -5.64%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MEMY vs. MAGO - Yearly Performance Comparison

	2026 (YTD)
MEMY Tuttle Capital Meme Stock Income Blast ETF	-6.17%
MAGO Tuttle Capital Magnificent 7 Income Blast ETF	-3.51%

Correlation

The correlation between MEMY and MAGO is 0.59, 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 Jan 20, 2026	0.59

Return for Risk

MEMY vs. MAGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Meme Stock Income Blast ETF (MEMY) and Tuttle Capital Magnificent 7 Income Blast ETF (MAGO). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

MEMY vs. MAGO - Drawdown Comparison

The maximum MEMY drawdown since its inception was -27.45%, which is greater than MAGO's maximum drawdown of -18.21%. Use the drawdown chart below to compare losses from any high point for MEMY and MAGO.

Drawdown Indicators

	MEMY	MAGO	Difference
Max Drawdown Largest peak-to-trough decline	-27.45%	-18.21%	-9.24%
Current Drawdown Current decline from peak	-15.67%	-12.08%	-3.59%
Average Drawdown Average peak-to-trough decline	-13.19%	-5.68%	-7.51%

Volatility

Volatility by Period

	MEMY	MAGO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	54.02%	24.22%	+29.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.02%	24.22%	+29.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.02%	24.22%	+29.80%

MEMY vs. MAGO - Expense Ratio Comparison

Both MEMY and MAGO have an expense ratio of 0.99%.

Dividends

MEMY vs. MAGO - Dividend Comparison

MEMY's dividend yield for the trailing twelve months is around 7.02%, less than MAGO's 8.00% yield.

Position	TTM
MAGO Tuttle Capital Magnificent 7 Income Blast ETF	8.00%
MEMY Tuttle Capital Meme Stock Income Blast ETF	7.02%

Frequently Asked Questions

Can I hold both MEMY and MAGO in my portfolio?

MEMY and MAGO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MEMY or MAGO?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEMY or MAGO?

MEMY and MAGO have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, MEMY or MAGO?

MAGO has the higher dividend yield at 8.00%, compared with 7.02% for MEMY.