The measurement of magnetic fields generated by skeletal muscle activity, called magnetomyography (MMG), has seen renewed interest from the academic community in recent years. Although studies have demonstrated complex models of MMG and experiments classifying between different movements using MMG, there has yet to be time frequency analysis of MMG as well as concurrent recordings of MMG and its electrical counterpart, surface electromyography (sEMG). Here, we aim to better understand MMG in the context of sEMG by simultaneously recording both modalities during various muscle contraction tasks. We found that, similar to sEMG, MMG shows highly linearly correlated power to the degree of muscle contraction, has a unimodal distribution in spectral power, and can detect changes in muscle fatigue via changes in the spectral distribution. One main difference we found was that MMG typically has more high frequency content compared to sEMG, even when accounting for the filtering induced by the size of the sEMG electrodes. We additionally demonstrate empirically the decrease in MMG power due to distance from the arm and show MMG decreases slower than the inverse square law and can be measured up to 50 mm from the surface of the skin. Finally, we were able to capture MMG with non-OPM sensors showing that sensor technology has made great strides towards enabling MMG applications.