Valar are (kinda) the Gods. Maiar are their servants; kinda semi-gods. Istari are Maiar, so yes, they are underlings. They have lesser powers than the Valar. But then again, some Maiar are originally more powerful than other Maiar. Like Sauron, he was quite powerful, it seems.
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«We're all but noon now; dawn, evening and midnight.»
Aki Benetah.
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