TLTX vs. MAGO

Last updated Jul 17, 2026

TLTX (Global X Treasury Bond Enhanced Income ETF) and MAGO (Tuttle Capital Magnificent 7 Income Blast ETF) are both exchange-traded funds - TLTX is a Government Bonds fund actively managed by Global X, while MAGO is a Derivative Income fund actively managed by Tuttle. Both are actively managed. At a 0.18 correlation, their price movements are largely independent. TLTX charges 0.29%/yr vs 0.99%/yr for MAGO.

Performance

TLTX vs. MAGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Treasury Bond Enhanced Income ETF (TLTX) 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, TLTX achieves a -1.59% return, which is significantly lower than MAGO's 0.70% return.

TLTX

• 1D: -0.20%
• 1M: -3.45%
• 6M: -2.30%
• YTD: -1.59%
• 1Y: 3.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGO

• 1D: 0.00%
• 1M: 0.96%
• 6M: 3.32%
• YTD: 0.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLTX vs. MAGO - Yearly Performance Comparison

	2026 (YTD)	2025
TLTX Global X Treasury Bond Enhanced Income ETF	-1.59%	-0.38%
MAGO Tuttle Capital Magnificent 7 Income Blast ETF	0.70%	-0.88%

Correlation

The correlation between TLTX and MAGO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025	0.18

Return for Risk

TLTX vs. MAGO — Risk / Return Rank

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

TLTX

TLTX Risk / Return Rank: 16
TLTX Sharpe Ratio Rank: 17
TLTX Sortino Ratio Rank: 15
TLTX Omega Ratio Rank: 15
TLTX Calmar Ratio Rank: 18
TLTX Martin Ratio Rank: 17

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.

TLTX vs. MAGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Treasury Bond Enhanced Income ETF (TLTX) 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.

	TLTX	MAGO	Difference
Sharpe ratio: Return per unit of total volatility	0.40	—	—
Sortino ratio: Return per unit of downside risk	0.64	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.59	—	—
Martin ratio: Return relative to average drawdown	1.32	—	—

Drawdowns

TLTX vs. MAGO - Drawdown Comparison

The maximum TLTX drawdown since its inception was -6.35%, smaller than the maximum MAGO drawdown of -18.21%. Use the drawdown chart below to compare losses from any high point for TLTX and MAGO.

Drawdown Indicators

	TLTX	MAGO	Difference
Max Drawdown Largest peak-to-trough decline	-6.35%	-18.21%	+11.86%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	—	—
Current Drawdown Current decline from peak	-5.23%	-6.17%	+0.94%
Average Drawdown Average peak-to-trough decline	-2.38%	-6.09%	+3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	—	—

Volatility

Volatility by Period

	TLTX	MAGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.24%	24.31%	-15.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.24%	24.31%	-15.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.24%	24.31%	-15.07%

TLTX vs. MAGO - Expense Ratio Comparison

TLTX has a 0.29% expense ratio, which is lower than MAGO's 0.99% expense ratio.

Dividends

TLTX vs. MAGO - Dividend Comparison

TLTX's dividend yield for the trailing twelve months is around 17.73%, while MAGO has not paid dividends to shareholders.

Position	TTM	2025
MAGO Tuttle Capital Magnificent 7 Income Blast ETF	8.49%	0.00%
TLTX Global X Treasury Bond Enhanced Income ETF	17.73%	7.54%

Frequently Asked Questions

Can I hold both TLTX and MAGO in my portfolio?

TLTX and MAGO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TLTX or MAGO?

On fees, TLTX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TLTX or MAGO?

TLTX is cheaper with a 0.29% expense ratio, compared with 0.99% for MAGO.

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

TLTX has the higher dividend yield at 17.73%, compared with 8.49% for MAGO.

What is the main difference between TLTX and MAGO?

TLTX is categorized as Government Bonds, while MAGO is Derivative Income. They also come from different issuers: Global X and Tuttle. Their fees differ too: 0.29% for TLTX and 0.99% for MAGO.