NANC vs. MAGA

Last updated Aug 2, 2026

NANC (Unusual Whales Subversive Democratic Trading ETF) and MAGA (Truth Social America First ETF) are both Large Cap Blend Equities funds. NANC is actively managed, while MAGA is passively managed. Their 0.10 correlation means their historical movements had little consistent relationship. Both charge a 0.72% expense ratio.

Performance

NANC vs. MAGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Unusual Whales Subversive Democratic Trading ETF (NANC) and Truth Social America First ETF (MAGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NANC

• 1D: 1.18%
• 1M: -0.64%
• 6M: 8.71%
• YTD: 9.12%
• 1Y: 19.87%
• 3Y*: 20.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.32%

MAGA

• 1D: -0.33%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAGA Truth Social America First ETF	$81.52K	$81.52K	$81.52K
NANC Unusual Whales Subversive Democratic Trading ETF	$826.89K	$806.25K	$1.03M

NANC vs. MAGA - Yearly Performance Comparison

	2026 (YTD)
NANC Unusual Whales Subversive Democratic Trading ETF	1.72%
MAGA Truth Social America First ETF	-0.88%

Correlation

The correlation between NANC and MAGA is 0.10, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 27, 2026	0.10

NANC vs. MAGA - Sectors Allocation Comparison

Sectors	NANC	MAGA
Technology	45.6%	3.0%
Communication Services	12.5%	-
Healthcare	10.0%	6.8%
Financial Services	8.2%	8.5%
Consumer Cyclical	8.2%	14.3%
Consumer Defensive	7.1%	4.9%
Industrials	5.8%	23.2%
Basic Materials	2.0%	11.8%
Utilities	0.6%	9.8%
Energy	-	14.0%
Real Estate	-	2.8%

Return for Risk

NANC vs. MAGA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NANC

NANC Risk / Return Rank: 47
NANC Sharpe Ratio Rank: 49
NANC Sortino Ratio Rank: 48
NANC Omega Ratio Rank: 46
NANC Calmar Ratio Rank: 41
NANC Martin Ratio Rank: 50

MAGA

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NANC vs. MAGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unusual Whales Subversive Democratic Trading ETF (NANC) and Truth Social America First ETF (MAGA). 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.

	NANC	MAGA	Difference
Sharpe ratio: Return per unit of total volatility	1.20	—	—
Sortino ratio: Return per unit of downside risk	1.72	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.47	—	—
Martin ratio: Return relative to average drawdown	5.80	—	—

Drawdowns

NANC vs. MAGA - Drawdown Comparison

The maximum NANC drawdown since its inception was -20.94%, which is greater than MAGA's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for NANC and MAGA.

Drawdown Indicators

	NANC	MAGA	Difference
Max Drawdown Largest peak-to-trough decline	-20.94%	-1.72%	-19.22%
Max Drawdown (1Y) Largest decline over 1 year	-12.21%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.94%	—	—
Current Drawdown Current decline from peak	-1.72%	-1.72%	0.00%
Average Drawdown Average peak-to-trough decline	-2.64%	-0.80%	-1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	—	—

Volatility

Volatility by Period

	NANC	MAGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.96%	10.50%	+4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.81%	10.50%	+6.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	10.50%	+6.31%

NANC vs. MAGA - Expense Ratio Comparison

Both NANC and MAGA have an expense ratio of 0.72%.

Dividends

NANC vs. MAGA - Dividend Comparison

NANC's dividend yield for the trailing twelve months is around 0.19%, while MAGA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
MAGA Truth Social America First ETF	0.00%	0.00%	0.00%	0.00%
NANC Unusual Whales Subversive Democratic Trading ETF	0.19%	0.21%	0.20%	0.94%

Frequently Asked Questions

Can I hold both NANC and MAGA in my portfolio?

NANC and MAGA have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NANC or MAGA?

Both ETFs have the same 0.72% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NANC or MAGA?

NANC and MAGA have the same expense ratio: 0.72% per year.

Which ETF pays a higher dividend yield, NANC or MAGA?

NANC has the higher dividend yield at 0.19%, compared with 0.00% for MAGA.

What is the main difference between NANC and MAGA?

They also come from different issuers: Tidal and Truth Social Funds.