Fidelity Magellan ETF (FMAG)
FMAG is an actively managed ETF by Fidelity. FMAG launched on Feb 2, 2021 and has a 0.59% expense ratio.
ETF Info
Feb 2, 2021
Global (Broad)
1x
No Index (Active)
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Magellan ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Magellan ETF had a return of 30.88% year-to-date (YTD) and 35.76% in the last 12 months.
FMAG
30.88%
1.22%
11.05%
35.76%
N/A
N/A
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of FMAG, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 4.11% | 8.37% | 3.21% | -3.91% | 4.26% | 5.54% | -0.66% | 1.82% | 2.07% | -1.05% | 30.88% | ||
| 2023 | 6.95% | -2.04% | 3.65% | 0.69% | 2.01% | 6.47% | 2.06% | 0.61% | -5.01% | -1.93% | 10.64% | 4.43% | 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 | -3.42% | 2.79% | 6.64% | -0.91% | 4.80% | 4.33% | 3.67% | -5.46% | 8.51% | 0.89% | 1.86% | 25.37% |
Expense Ratio
FMAG features an expense ratio of 0.59%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FMAG is 77, placing it in the top 23% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Magellan ETF (FMAG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Magellan ETF provided a 0.19% dividend yield over the last twelve months, with an annual payout of $0.06 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.06 | $0.08 | $0.04 | $0.01 |
Dividend yield | 0.19% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 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.
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 1.96%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.93% | Nov 22, 2021 | 226 | Oct 14, 2022 | 322 | Jan 29, 2024 | 548 |
| -10.2% | Jul 11, 2024 | 18 | Aug 5, 2024 | 32 | Sep 19, 2024 | 50 |
| -8.12% | Feb 16, 2021 | 13 | Mar 4, 2021 | 21 | Apr 5, 2021 | 34 |
| -6.95% | Sep 7, 2021 | 20 | Oct 4, 2021 | 15 | Oct 25, 2021 | 35 |
| -6.17% | Apr 30, 2021 | 9 | May 12, 2021 | 22 | Jun 14, 2021 | 31 |
Volatility
Volatility Chart
The current Fidelity Magellan ETF volatility is 4.93%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.