- Issuer
- Fidelity
- Inception Date
- Feb 2, 2021
- Region
- Global (Broad)
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $258M
Share Price Chart
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Performance
FMAG Performance Chart
Fidelity Magellan ETF (FMAG) is up 7.1% since the beginning of the year. FMAG is currently trading at $37 per share. Investors who bought $1,000 worth of FMAG shares 5 years ago would now be looking at an investment worth $1,684.
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Returns By Period
Fidelity Magellan ETF (FMAG) has returned 7.11% so far this year and 12.33% over the past 12 months.
Fidelity Magellan ETF
- 1D
- -0.98%
- 1M
- 1.26%
- YTD
- 7.11%
- 6M
- 6.48%
- 1Y
- 12.33%
- 3Y*
- 20.08%
- 5Y*
- 10.98%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FMAG Monthly Returns History
Based on dividend-adjusted daily data since Feb 4, 2021, FMAG's average daily return is +0.05%, while the average monthly return is +1.08%. At this rate, an investment would double in approximately 5.4 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2026 with a return of +12.7%, while the worst month was Jan 2022 at -10.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FMAG closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +10.0%, while the worst single day was Apr 4, 2025 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.64% | -2.10% | -5.98% | 12.65% | 3.00% | -0.37% | 7.11% | ||||||
| 2025 | 4.02% | -2.87% | -6.97% | 2.68% | 9.18% | 5.25% | 2.36% | -0.83% | 1.18% | -0.23% | -1.76% | -1.10% | 10.40% |
| 2024 | 4.11% | 8.37% | 3.21% | -3.91% | 4.27% | 5.54% | -0.66% | 1.82% | 2.07% | -1.05% | 5.25% | -2.91% | 28.52% |
| 2023 | 6.95% | -2.04% | 3.65% | 0.69% | 2.01% | 6.47% | 2.06% | 0.61% | -5.01% | -1.93% | 10.63% | 4.44% | 31.25% |
| 2022 | -10.72% | -4.56% | 4.09% | -10.52% | -0.51% | -6.74% | 12.57% | -6.17% | -10.61% | 5.81% | 6.16% | -6.43% | -26.92% |
| 2021 | -2.89% | 2.79% | 6.64% | -0.91% | 4.80% | 4.33% | 3.67% | -5.46% | 8.51% | 0.89% | 1.86% | 26.06% |
Benchmark Metrics
Fidelity Magellan ETF has an annualized alpha of -2.23%, beta of 1.12, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since February 04, 2021.
- This ETF participated in 110.22% of S&P 500 Index downside but only 104.58% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.23% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.12 and R2 of 0.90, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.23%
- Beta
- 1.12
- R²
- 0.90
- Upside Capture
- 104.58%
- Downside Capture
- 110.22%
Expense Ratio
FMAG has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMAG ranks 22 for risk / return — below 22% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Magellan ETF (FMAG) and compare them to S&P 500 Index.
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.
| FMAG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.78 | -1.90 |
| Martin ratioReturn relative to average drawdown | 3.09 | 12.44 | -9.35 |
Dividends
Dividend History
Fidelity Magellan ETF provided a 0.08% dividend yield over the last twelve months, with an annual payout of $0.03 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.03 | $0.03 | $0.05 | $0.08 | $0.04 | $0.01 |
Dividend yield | 0.08% | 0.09% | 0.15% | 0.34% | 0.23% | 0.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Magellan ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2024 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.05 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Magellan ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Magellan ETF was 32.93%, occurring on Oct 14, 2022. Recovery took 322 trading sessions.
The current Fidelity Magellan ETF drawdown is 1.55%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -32.93%Oct 2022 | 10mo 26d | 1y 3mo | 2y 2moNov 2021 - Jan 2024 |
2025 selloff2025 | -20.12%Apr 2025 | 2mo 14d | 1mo 27d | 4mo 11dJan 2025 - Jun 2025 |
2026 correction2026 | -13.97%Mar 2026 | 5mo 2d | 25d | 5mo 27dOct 2025 - Apr 2026 |
2024 correction2024 | -10.20%Aug 2024 | 25d | 1mo 15d | 2mo 10dJul 2024 - Sep 2024 |
2021 pullback2021 | -8.12%Mar 2021 | 16d | 1mo 2d | 1mo 18dFeb 2021 - Apr 2021 |
Drawdown Indicators
| FMAG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -56.78% | +23.85% |
Max Drawdown (1Y)Largest decline over 1 year | -13.97% | -9.10% | -4.87% |
Max Drawdown (3Y)Largest decline over 3 years | -20.12% | -18.90% | -1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -32.93% | -25.43% | -7.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.55% | -1.80% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -10.71% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 2.03% | +1.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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