MAGA vs SPY
Truth Social America First ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MAGA or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. MAGA is less concentrated, with 8.0% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MAGA | SPY |
|---|---|---|
| Expense Ratio | 0.72% | 0.09%Best |
| AUM | $31M | $804.7B |
| Dividend Yield | 1.45% | 0.98% |
| Holdings | 152 | 505 |
| YTD Return | +6.79% | +12.22%Best |
| 1Y Return | +7.88% | +16.97%Best |
| 3Y Return (annualized) | +13.45% | +21.16%Best |
| 5Y Return (annualized) | +10.24% | +13.00%Best |
| Volatility (annualized) | 19.1% | 16.2%Best |
| Max Drawdown | -43.2% | -34.1%Best |
| $10,000 over 5 years | $16,282 | $18,424Best |
| Top 10 Weight | 8.0%Best | 37.8% |
| Fund Family | Truth Social Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 6, 2017 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Sep 7, 2017 to Sep 17, 2026 (9 years).
MAGA vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9 years both funds cover.
MAGA vs SPY Performance
Truth Social America First ETF (MAGA) is an ETF from Truth Social Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MAGA returned +7.88% while SPY returned +16.97%. Year to date, MAGA is up 6.79% versus a gain of 12.22% for SPY.
Over three years, MAGA compounded at +13.45% per year against +21.16% for SPY; over five years the annualized figures are +10.24% and +13.00% respectively. Across the full 9-year window we track, SPY has the edge at +14.24% annualized vs +10.86%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MAGA has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 16.2% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -43.2% for MAGA and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MAGA charges 0.72% per year while SPY charges 0.09%. On a $10,000 position that is $72 vs $9 annually, a gap of $63 per year that compounds over a long holding period. On income, MAGA currently yields 1.45% against 0.98% for SPY.
Holdings Overlap
86.2% of MAGA's money is in holdings SPY also owns. 19.1% of SPY's money is in holdings MAGA also owns.
Most of MAGA is already inside SPY. Owning both mostly buys the same companies twice.
130 positions in common, counted across the 150 positions we hold weights for in MAGA and 504 in SPY, against full books of 152 and 505.
What only one of them owns
Our book lists 368 positions for SPY that do not appear in our book for MAGA (80.3% of the fund), and 18 for MAGA that do not appear in SPY (12.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in MAGA | Weight in SPY | Difference |
|---|---|---|---|
| TSLATesla Inc | 0.76% | 1.52% | 0.76% |
| LLYEli Lilly & Co. | 0.67% | 1.40% | 0.73% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 0.65% | 1.40% | 0.75% |
| XOMExxon Mobil Corp. | 0.70% | 1.04% | 0.34% |
| WMTWalmart, Inc. | 0.63% | 0.71% | 0.08% |
| CVXChevron Corp | 0.71% | 0.60% | 0.11% |
| BACBank of America Corp.: Financials | 0.67% | 0.62% | 0.05% |
| CATCaterpillar, Inc. | 0.64% | 0.55% | 0.09% |
| AMGNAmgen Inc. | 0.76% | 0.36% | 0.40% |
| HDHome Depot Inc/The | 0.63% | 0.48% | 0.15% |
86.2% of MAGA is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MAGA or SPY?
MAGA has an expense ratio of 0.72% while SPY charges 0.09%. SPY is the cheaper option, by $63 a year on a $10,000 investment.
Which performed better, MAGA or SPY?
Over the past year MAGA returned +7.88% vs +16.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), MAGA annualized +10.86% vs +14.24% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MAGA or SPY?
MAGA has been the more volatile fund at 19.1% annualized versus 16.2% for SPY. Worst drawdown: MAGA -43.2% vs SPY -34.1%.
Should I hold both MAGA and SPY?
MAGA and SPY have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between MAGA and SPY?
86.2% of MAGA's money is in holdings SPY also owns. 19.1% of SPY's is in holdings MAGA also owns. They hold 130 positions in common, counted across the 150 positions we hold weights for in MAGA and 504 in SPY.
Which pays a higher dividend, MAGA or SPY?
MAGA yields 1.45% while SPY yields 0.98%, so MAGA currently pays the higher dividend yield.
Is SPY better than MAGA?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. MAGA is less concentrated, with 8.0% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.