Fidelity Magellan ETF (FMAG) belongs to the Large Cap Growth Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FMAG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FMAG
FMAG charges 0.57% annually. There are 134 ETFs in the Large Cap Growth Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Growth ETF | 0.03% | 378.80B | Jan 2004 | FMAG vs VUG | |
| iShares Morningstar U.S. Equity ETF | 0.03% | 1.27B | Jun 2004 | FMAG vs ILCB | |
| Schwab U.S. Large-Cap Growth ETF | 0.04% | 59.97B | Dec 2009 | FMAG vs SCHG | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.04% | 51.09B | Sep 2000 | FMAG vs SPYG | |
| iShares Core S&P U.S. Growth ETF | 0.04% | 32.12B | Jul 2000 | FMAG vs IUSG |
Best Risk-Adjusted Alternatives to FMAG
FMAG has a PortfoliosLab risk / return rank of 19. There are 150 ETFs in the Large Cap Growth Equities category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Core Dividend Growth ETF | 92 | 42.77B | Jun 2014 | FMAG vs DGRO | |
| Hartford Multifactor US Equity ETF | 92 | 705.83M | Feb 2015 | FMAG vs ROUS | |
| Xtrackers Russell 1000 US Quality at a Reasonable ... | 91 | 76.03M | Apr 2018 | FMAG vs QARP | |
| RiverFront Dynamic US Dividend Advantage ETF | 91 | 88.05M | Jun 2016 | FMAG vs RFDA | |
| PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 90 | 290.05M | Aug 2017 | FMAG vs MFUS |
Top Performing FMAG Alternatives (YTD)
FMAG is at 6.71% YTD. There are 122 ETFs in the Large Cap Growth Equities category with higher YTD returns, going as high as 27.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| SMART Earnings Growth ETF | 27.55% | 50.41M | Aug 2025 | FMAG vs SGRT | |
| F/m Emerald Special Situations ETF | 26.92% | 29.00M | Aug 2014 | FMAG vs SPIT | |
| Mango Growth ETF | 25.69% | 239.95M | Dec 2025 | FMAG vs GARY | |
| US Vegan Climate ETF | 24.89% | 186.14M | Sep 2019 | FMAG vs VEGN | |
| Grizzle Growth ETF | 24.09% | 33.20M | Dec 2021 | FMAG vs DARP |
Lowest Volatility Alternatives to FMAG
FMAG has 16.36% 1-year volatility. There are 76 ETFs in the Large Cap Growth Equities category with lower 1-year volatility, going as low as 8.24%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Core Alternative ETF | 8.24% | 39.10M | May 2017 | FMAG vs CCOR | |
| Invesco Dividend Achievers™ ETF | 9.46% | 789.78M | Sep 2005 | FMAG vs PFM | |
| iShares Core Dividend Growth ETF | 9.54% | 42.77B | Jun 2014 | FMAG vs DGRO | |
| SPDR MSCI World StrategicFactors ETF | 9.70% | 174.18M | Jun 2014 | FMAG vs QWLD | |
| OShares U.S. Quality Dividend ETF | 10.25% | 747.95M | Jul 2015 | FMAG vs OUSA |
Lowest Drawdown Alternatives to FMAG
FMAG has a 1-year max drawdown of -13.97%. There are 92 ETFs in the Large Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -5.45%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverFront Dynamic US Dividend Advantage ETF | -5.45% | 88.05M | Jun 2016 | FMAG vs RFDA | |
| Hartford Multifactor US Equity ETF | -5.97% | 705.83M | Feb 2015 | FMAG vs ROUS | |
| PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | -6.39% | 290.05M | Aug 2017 | FMAG vs MFUS | |
| iShares Core Dividend Growth ETF | -6.47% | 42.77B | Jun 2014 | FMAG vs DGRO | |
| Invesco Dividend Achievers™ ETF | -7.09% | 789.78M | Sep 2005 | FMAG vs PFM |
Other ETFs from Fidelity
The 10 most viewed Fidelity ETFs shown here include FTEC, FDVV, FBTC and span 7 categories. AUM among these funds goes as high as $27B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | Technology Equities | 61 | 22.53% | 20.96B | Oct 2013 | FMAG vs FTEC | |
| Fidelity High Dividend ETF | Large Cap Blend Equities, Dividend | 82 | 13.00% | 9.74B | Sep 2016 | FMAG vs FDVV | |
| Fidelity Wise Origin Bitcoin Fund | Cryptocurrency | 2 | -27.08% | 10.22B | Jan 2024 | FMAG vs FBTC | |
| Fidelity Total Bond ETF | Intermediate Core-Plus Bond | 26 | -0.08% | 26.62B | Oct 2014 | FMAG vs FBND | |
| Fidelity Nasdaq Composite Index ETF | Large Cap Growth Equities | 60 | 12.39% | 10.69B | Sep 2003 | FMAG vs ONEQ | |
| Fidelity Blue Chip Growth ETF | Large Cap Growth Equities | 46 | 11.42% | 6.97B | Jun 2020 | FMAG vs FBCG | |
| Fidelity Enhanced Large Cap Core ETF | Large Cap Blend Equities | 84 | 13.57% | 7.88B | Apr 2007 | FMAG vs FELC | |
| Fidelity MSCI Utilities Index ETF | Utilities Equities | 21 | 4.95% | 2.35B | Oct 2013 | FMAG vs FUTY | |
| Fidelity Ethereum Fund | Cryptocurrency | 4 | -37.15% | 750.93M | Jul 2024 | FMAG vs FETH | |
| Fidelity Enhanced Large Cap Growth ETF | Large Cap Growth Equities | 35 | 4.21% | 5.65B | Nov 2023 | FMAG vs FELG |
Often Compared With FMAG
Investors most often compare FMAG with JEPQ, VOO, FXAIX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FMAG with Any Fund or Stock
Compare FMAG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FMAG with funds that move differently
Fidelity Magellan ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FMAG.
Explore FMAG Diversifiers