PortfoliosLab logoPortfoliosLab logo
ISIN
US3161843087
CUSIP
316184308
Issuer
Fidelity
Inception Date
Jun 13, 2019
Min. Investment
$0
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Growth

Share Price Chart


Loading charts...

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


Loading charts...

S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.54%-1.96%-6.16%12.92%2.89%0.56%8.07%
20254.20%-3.06%-6.72%2.74%8.84%5.40%2.32%-0.74%1.21%-0.28%-1.57%-1.03%10.90%
20244.05%8.20%3.16%-3.86%4.47%5.38%-0.46%1.74%1.92%-1.04%5.20%0.79%33.14%
20237.08%-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
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.


FMKFX Risk / Return Rank: 1212
Overall Rank
FMKFX Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
FMKFX Sortino Ratio Rank: 1212
Sortino Ratio Rank
FMKFX Omega Ratio Rank: 1212
Omega Ratio Rank
FMKFX Calmar Ratio Rank: 1010
Calmar Ratio Rank
FMKFX Martin Ratio Rank: 1313
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


FMKFXBenchmarkDifference
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.


0.00%2.00%4.00%6.00%8.00%10.00%$0.00$0.50$1.00$1.50$2.002019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022202120202019
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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.


Loading charts...

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 26d1y 3mo
2y 2moNov 2021 - Jan 2024
COVID crash2020
-31.77%Mar 2020
1mo 2d3mo 15d
4mo 17dFeb 2020 - Jul 2020
2025 selloff2025
-20.05%Apr 2025
2mo 14d1mo 27d
4mo 11dJan 2025 - Jun 2025
2026 correction2026
-13.86%Mar 2026
5mo 1d23d
5mo 24dOct 2025 - Apr 2026
2020 correction2020
-10.18%Sep 2020
20d3mo 6d
3mo 26dSep 2020 - Dec 2020

Drawdown Indicators


FMKFXBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-0.65%

-1.80%

+1.15%

Average Drawdown

Average peak-to-trough decline

-7.69%

-10.71%

+3.02%

Ulcer Index

Depth 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.


Loading charts...

Portfolio Analyzer

Build a portfolio with FMKFX

Add Fidelity Magellan K6 Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Analyzer with FMKFX