- ISIN
- US3161843087
- CUSIP
- 316184308
- Issuer
- Fidelity
- Inception Date
- Jun 13, 2019
- 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
FMKFX Performance Chart
Fidelity Magellan K6 Fund (FMKFX) is up 8.1% since the beginning of the year. FMKFX is currently trading at $21 per share. Investors who bought $1,000 worth of FMKFX shares 5 years ago would now be looking at an investment worth $1,808.
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Returns By Period
Fidelity Magellan K6 Fund (FMKFX) has returned 8.07% so far this year and 13.63% over the past 12 months.
Fidelity Magellan K6 Fund
- 1D
- 1.71%
- 1M
- 2.25%
- YTD
- 8.07%
- 6M
- 7.70%
- 1Y
- 13.63%
- 3Y*
- 21.63%
- 5Y*
- 12.58%
- 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%
FMKFX Monthly Returns History
Based on dividend-adjusted daily data since Jun 13, 2019, FMKFX's average daily return is +0.07%, while the average monthly return is +1.36%. At this rate, an investment would double in approximately 4.3 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +13.0%, while the worst month was Jan 2022 at -10.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FMKFX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +10.2%, while the worst single day was Mar 16, 2020 at -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.54% | -1.96% | -6.16% | 12.92% | 2.89% | 0.56% | 8.07% | ||||||
| 2025 | 4.20% | -3.06% | -6.72% | 2.74% | 8.84% | 5.40% | 2.32% | -0.74% | 1.21% | -0.28% | -1.57% | -1.03% | 10.90% |
| 2024 | 4.05% | 8.20% | 3.16% | -3.86% | 4.47% | 5.38% | -0.46% | 1.74% | 1.92% | -1.04% | 5.20% | 0.79% | 33.14% |
| 2023 | 7.08% | -2.28% | 3.83% | 0.65% | 1.94% | 6.62% | 2.07% | 0.46% | -4.95% | -1.85% | 10.61% | 4.43% | 31.33% |
| 2022 | -10.78% | -4.31% | 3.76% | -10.42% | -0.52% | -6.61% | 12.30% | -6.17% | -10.41% | 5.85% | 6.39% | -6.66% | -26.85% |
| 2021 | -3.08% | 1.01% | 2.72% | 6.90% | -1.01% | 5.06% | 4.24% | 3.65% | -5.45% | 8.62% | 0.97% | 1.82% | 27.53% |
Benchmark Metrics
Fidelity Magellan K6 Fund has an annualized alpha of 0.51%, beta of 1.07, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since June 13, 2019.
- With beta of 1.07 and R2 of 0.91, 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
- 0.51%
- Beta
- 1.07
- R²
- 0.91
- Upside Capture
- 102.32%
- Downside Capture
- 97.68%
Expense Ratio
FMKFX has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMKFX ranks 12 for risk / return — in the bottom 12% 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 K6 Fund (FMKFX) 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.
| FMKFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 2.78 | -1.82 |
| Martin ratioReturn relative to average drawdown | 3.42 | 12.44 | -9.02 |
Dividends
Dividend History
Fidelity Magellan K6 Fund provided a 6.10% dividend yield over the last twelve months, with an annual payout of $1.30 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.30 | $1.57 | $1.89 | $0.38 | $0.04 | $0.72 | $0.05 | $0.03 |
Dividend yield | 6.10% | 7.74% | 9.56% | 2.33% | 0.31% | 4.10% | 0.33% | 0.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Magellan K6 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.00 | $0.50 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $1.57 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.47 | $1.89 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.38 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.72 |
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 K6 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 K6 Fund was 32.73%, occurring on Oct 14, 2022. Recovery took 322 trading sessions.
The current Fidelity Magellan K6 Fund drawdown is 0.65%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -32.73%Oct 2022 | 10mo 26d | 1y 3mo | 2y 2moNov 2021 - Jan 2024 |
COVID crash2020 | -31.77%Mar 2020 | 1mo 2d | 3mo 15d | 4mo 17dFeb 2020 - Jul 2020 |
2025 selloff2025 | -20.05%Apr 2025 | 2mo 14d | 1mo 27d | 4mo 11dJan 2025 - Jun 2025 |
2026 correction2026 | -13.86%Mar 2026 | 5mo 1d | 23d | 5mo 24dOct 2025 - Apr 2026 |
2020 correction2020 | -10.18%Sep 2020 | 20d | 3mo 6d | 3mo 26dSep 2020 - Dec 2020 |
Drawdown Indicators
| FMKFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.73% | -56.78% | +24.05% |
Max Drawdown (1Y)Largest decline over 1 year | -13.86% | -9.10% | -4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -20.05% | -18.90% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -25.43% | -7.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.65% | -1.80% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -10.71% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 2.03% | +1.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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