SKRE vs. MAGO

Last updated Jun 24, 2026

SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) and MAGO (Tuttle Capital Magnificent 7 Income Blast ETF) are both exchange-traded funds - SKRE is a Large Cap Blend Equities fund tracking the S&P Regional Banks Select Industry, while MAGO is a Derivative Income fund actively managed by Tuttle. SKRE is passively managed, while MAGO is actively managed. At a correlation of -0.20, they often move in opposite directions. SKRE charges 0.75%/yr vs 0.99%/yr for MAGO.

Performance

SKRE vs. MAGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) and Tuttle Capital Magnificent 7 Income Blast ETF (MAGO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKRE achieves a -27.55% return, which is significantly lower than MAGO's -5.64% return.

SKRE

• 1D: -3.20%
• 1M: -11.73%
• YTD: -27.55%
• 6M: -23.40%
• 1Y: -47.16%
• 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)

SKRE vs. MAGO - Yearly Performance Comparison

	2026 (YTD)	2025
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF	-27.55%	3.56%
MAGO Tuttle Capital Magnificent 7 Income Blast ETF	-5.64%	-0.88%

Correlation

The correlation between SKRE and MAGO 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

Return for Risk

SKRE vs. MAGO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SKRE

SKRE Risk / Return Rank: 1
SKRE Sharpe Ratio Rank: 1
SKRE Sortino Ratio Rank: 1
SKRE Omega Ratio Rank: 1
SKRE Calmar Ratio Rank: 0
SKRE Martin Ratio Rank: 1

MAGO

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SKRE vs. MAGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) 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.

	SKRE	MAGO	Difference
Sharpe ratio: Return per unit of total volatility	-1.01	—	—
Sortino ratio: Return per unit of downside risk	-1.56	—	—
Omega ratio: Gain probability vs. loss probability	0.82	—	—
Calmar ratio: Return relative to maximum drawdown	-1.02	—	—
Martin ratio: Return relative to average drawdown	-1.67	—	—

Drawdowns

SKRE vs. MAGO - Drawdown Comparison

The maximum SKRE drawdown since its inception was -76.50%, which is greater than MAGO's maximum drawdown of -18.21%. Use the drawdown chart below to compare losses from any high point for SKRE and MAGO.

Drawdown Indicators

	SKRE	MAGO	Difference
Max Drawdown Largest peak-to-trough decline	-76.50%	-18.21%	-58.29%
Max Drawdown (1Y) Largest decline over 1 year	-46.48%	—	—
Current Drawdown Current decline from peak	-76.50%	-12.08%	-64.42%
Average Drawdown Average peak-to-trough decline	-47.77%	-5.68%	-42.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.15%	—	—

Volatility

Volatility by Period

	SKRE	MAGO	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	46.85%	24.22%	+22.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.45%	24.22%	+31.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.45%	24.22%	+31.23%

SKRE vs. MAGO - Expense Ratio Comparison

SKRE has a 0.75% expense ratio, which is lower than MAGO's 0.99% expense ratio.

Dividends

SKRE vs. MAGO - Dividend Comparison

SKRE's dividend yield for the trailing twelve months is around 0.35%, less than MAGO's 8.00% 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

Can I hold both SKRE and MAGO in my portfolio?

SKRE and MAGO 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.

Which ETF is better, SKRE or MAGO?

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.

Which ETF is cheaper, SKRE or MAGO?

SKRE is cheaper with a 0.75% expense ratio, compared with 0.99% for MAGO.

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

MAGO has the higher dividend yield at 8.00%, compared with 0.35% for SKRE.

What is the main difference between SKRE and MAGO?

SKRE is categorized as Large Cap Blend Equities, while MAGO is Derivative Income. Their fees differ too: 0.75% for SKRE and 0.99% for MAGO.