Fidelity Magellan Fund (FMAGX)
The fund invests primarily in common stocks. It invests in domestic and foreign issuers. The fund invests in either "growth" stocks or "value" stocks or both. The adviser uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Fund Info
| ISIN | US3161841008 |
|---|---|
| CUSIP | 316184100 |
| Issuer | Fidelity |
| Inception Date | May 2, 1963 |
| Category | Large Cap Growth Equities |
| Min. Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
FMAGX has a high expense ratio of 0.68%, indicating higher-than-average management fees.
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 Fund, 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 Fund had a return of 17.47% year-to-date (YTD) and 39.95% in the last 12 months. Over the past 10 years, Fidelity Magellan Fund had an annualized return of 13.73%, outperforming the S&P 500 benchmark which had an annualized return of 10.97%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 17.47% | 11.29% |
| 1 month | 4.25% | 4.87% |
| 6 months | 24.22% | 17.88% |
| 1 year | 39.95% | 29.16% |
| 5 years (annualized) | 15.62% | 13.20% |
| 10 years (annualized) | 13.73% | 10.97% |
Monthly Returns
The table below presents the monthly returns of FMAGX, 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 | 3.98% | 8.20% | 3.18% | -3.92% | 17.47% | ||||||||
| 2023 | 6.92% | -2.27% | 3.85% | 0.69% | 1.91% | 6.59% | 2.12% | 0.43% | -4.99% | -1.90% | 10.62% | 4.42% | 31.04% |
| 2022 | -10.80% | -4.38% | 3.81% | -10.51% | -0.84% | -6.54% | 12.25% | -6.32% | -10.33% | 5.76% | 6.46% | -6.61% | -27.18% |
| 2021 | -3.06% | 0.95% | 2.66% | 6.86% | -1.00% | 4.91% | 4.25% | 3.66% | -5.47% | 8.46% | 0.97% | 1.86% | 27.08% |
| 2020 | 2.84% | -6.96% | -9.73% | 12.94% | 7.03% | 2.54% | 7.42% | 7.42% | -3.65% | -3.46% | 8.11% | 3.32% | 28.34% |
| 2019 | 8.58% | 2.88% | 2.09% | 4.50% | -4.77% | 5.96% | 1.87% | 0.55% | -0.73% | 1.20% | 3.64% | 2.35% | 31.26% |
| 2018 | 7.89% | -3.57% | -2.73% | 1.07% | 2.74% | 0.38% | 3.35% | 3.43% | 0.53% | -9.73% | 1.57% | -9.27% | -5.70% |
| 2017 | 2.41% | 3.93% | -0.02% | 1.32% | 2.17% | 0.72% | 2.97% | 1.19% | 2.40% | 3.40% | 2.31% | 1.03% | 26.49% |
| 2016 | -6.45% | -1.68% | 6.39% | 1.09% | 1.48% | -1.84% | 3.80% | 0.51% | 0.27% | -1.94% | 2.97% | 1.09% | 5.23% |
| 2015 | -2.46% | 6.42% | -0.93% | 0.19% | 2.19% | -0.94% | 2.68% | -6.49% | -3.78% | 8.81% | 1.31% | -1.21% | 4.95% |
| 2014 | -1.88% | 5.20% | -1.14% | -1.15% | 3.74% | 2.62% | -1.49% | 4.84% | -1.60% | 2.96% | 2.28% | 0.91% | 15.95% |
| 2013 | 5.08% | 0.69% | 3.13% | 1.00% | 3.65% | -1.68% | 6.62% | -1.86% | 4.21% | 4.26% | 3.49% | 3.60% | 36.92% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FMAGX is 81, placing it in the top 19% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FMAGX (Fidelity Magellan Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Magellan Fund (FMAGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Magellan Fund granted a 4.38% dividend yield in the last twelve months. The annual payout for that period amounted to $0.62 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.62 | $1.44 | $0.54 | $1.08 | $0.04 | $1.52 | $0.97 | $1.01 | $0.27 | $0.75 | $1.28 | $0.72 |
Dividend yield | 4.38% | 11.72% | 5.02% | 7.01% | 0.30% | 14.93% | 10.83% | 9.64% | 2.92% | 8.40% | 13.88% | 7.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Magellan Fund. 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 | $0.00 | $0.00 | $0.42 | $0.42 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $1.44 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $1.08 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.41 | $1.52 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.97 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $1.01 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.27 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.75 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $1.28 |
| 2013 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.72 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Magellan Fund. 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 Fund was 95.13%, occurring on Nov 20, 2008. The portfolio has not yet recovered.
The current Fidelity Magellan Fund drawdown is 48.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -95.13% | Dec 27, 1999 | 2237 | Nov 20, 2008 | — | — | — |
| -93.53% | Sep 8, 1987 | 69 | Dec 11, 1987 | 381 | May 29, 1989 | 450 |
| -92.02% | Jul 6, 1998 | 69 | Oct 8, 1998 | 35 | Nov 26, 1998 | 104 |
| -92.01% | Apr 8, 1996 | 78 | Jul 24, 1996 | 218 | May 26, 1997 | 296 |
| -92% | Jul 5, 1990 | 71 | Oct 11, 1990 | 92 | Feb 18, 1991 | 163 |
Volatility
Volatility Chart
The current Fidelity Magellan Fund volatility is 6.03%, 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.