- ISIN
- US3161842097
- Issuer
- Fidelity
- Inception Date
- May 9, 2008
- Category
- Large Cap Growth Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
FMGKX Performance Chart
Fidelity Magellan Fund Class K (FMGKX) is up 8.0% since the beginning of the year. FMGKX is currently trading at $16 per share. Investors who bought $1,000 worth of FMGKX shares 5 years ago would now be looking at an investment worth $1,868.
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Returns By Period
Fidelity Magellan Fund Class K (FMGKX) has returned 8.04% so far this year and 13.51% over the past 12 months. Looking at the last ten years, FMGKX has achieved an annualized return of 15.82%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Fidelity Magellan Fund Class K
- 1D
- 1.74%
- 1M
- 2.26%
- YTD
- 8.04%
- 6M
- 7.68%
- 1Y
- 13.51%
- 3Y*
- 23.22%
- 5Y*
- 13.31%
- 10Y*
- 15.82%
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%
FMGKX Monthly Returns History
Based on dividend-adjusted daily data since May 9, 2008, FMGKX's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.
Historically, 64% of months were positive and 36% were negative. The best month was May 2025 with a return of +14.4%, while the worst month was Oct 2008 at -21.6%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FMGKX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +12.2%, while the worst single day was Mar 16, 2020 at -12.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.47% | -2.00% | -6.11% | 12.95% | 2.88% | 0.57% | 8.04% | ||||||
| 2025 | 4.18% | -3.04% | -6.81% | 2.80% | 14.37% | 5.31% | 2.43% | -0.81% | 1.19% | -0.31% | -1.56% | -1.05% | 16.35% |
| 2024 | 3.98% | 8.21% | 3.18% | -3.85% | 4.44% | 5.25% | -0.41% | 1.71% | 1.96% | -1.06% | 5.21% | 0.12% | 32.08% |
| 2023 | 7.02% | -2.36% | 3.85% | 0.78% | 1.83% | 6.59% | 2.21% | 0.35% | -5.00% | -1.81% | 10.53% | 4.48% | 31.15% |
| 2022 | -10.75% | -4.38% | 3.82% | -10.51% | -0.75% | -6.54% | 12.25% | -6.32% | -10.42% | 5.87% | 6.37% | -6.57% | -27.11% |
| 2021 | -3.14% | 1.03% | 2.59% | 6.95% | -1.00% | 4.92% | 4.25% | 3.67% | -5.47% | 8.54% | 0.98% | 1.78% | 27.08% |
Benchmark Metrics
Fidelity Magellan Fund Class K has an annualized alpha of 0.22%, beta of 1.08, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since May 09, 2008.
- This fund captured 111.46% of S&P 500 Index gains and 108.10% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.08 and R2 of 0.93, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.22%
- Beta
- 1.08
- R²
- 0.93
- Upside Capture
- 111.46%
- Downside Capture
- 108.10%
Expense Ratio
FMGKX has an expense ratio of 0.62%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMGKX ranks 11 for risk / return — in the bottom 11% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Magellan Fund Class K (FMGKX) 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.
| FMGKX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 2.78 | -1.84 |
| Martin ratioReturn relative to average drawdown | 3.36 | 12.44 | -9.08 |
Dividends
Dividend History
Fidelity Magellan Fund Class K provided a 6.38% dividend yield over the last twelve months, with an annual payout of $1.01 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.01 | $2.08 | $1.37 | $1.45 | $0.54 | $1.09 | $0.04 | $1.53 | $0.98 | $1.02 | $0.26 | $0.69 |
Dividend yield | 6.38% | 13.90% | 9.26% | 11.80% | 5.08% | 7.07% | 0.30% | 15.04% | 10.95% | 9.74% | 2.87% | 7.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Magellan Fund Class K. 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 | $0.32 | $0.00 | $0.32 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $1.39 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $2.08 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 | $1.37 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $1.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $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 | $0.45 | $1.09 |
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 Fund Class K. 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 Class K was 59.38%, occurring on Nov 20, 2008. Recovery took 1166 trading sessions.
The current Fidelity Magellan Fund Class K drawdown is 0.63%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.38%Nov 2008 | 6mo 4d | 4y 7mo | 5y 1moMay 2008 - Jul 2013 |
Bear market2022 | -33.05%Oct 2022 | 10mo 26d | 1y 3mo | 2y 2moNov 2021 - Feb 2024 |
COVID crash2020 | -31.68%Mar 2020 | 1mo 2d | 3mo 15d | 4mo 17dFeb 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -22.72%Dec 2018 | 2mo 23d | 5mo 28d | 8mo 21dOct 2018 - Jun 2019 |
2025 selloff2025 | -20.05%Apr 2025 | 2mo 14d | 1mo 4d | 3mo 18dJan 2025 - May 2025 |
Drawdown Indicators
| FMGKX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -56.78% | -2.60% |
Max Drawdown (1Y)Largest decline over 1 year | -13.95% | -9.10% | -4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -20.05% | -18.90% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -33.05% | -25.43% | -7.62% |
Max Drawdown (10Y)Largest decline over 10 years | -33.05% | -33.92% | +0.87% |
Current DrawdownCurrent decline from peak | -0.63% | -1.80% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -10.92% | -10.71% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.03% | +1.90% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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