DJIA vs. FMAGX
Compare and contrast key facts about Global X Dow 30 Covered Call ETF (DJIA) and Fidelity Magellan Fund (FMAGX).
DJIA is a passively managed fund by Global X that tracks the performance of the DJIA Cboe BuyWrite v2 Index. It was launched on Feb 23, 2022. FMAGX is managed by Fidelity. It was launched on May 2, 1963.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DJIA or FMAGX.
Performance
DJIA vs. FMAGX - Performance Comparison
Returns By Period
In the year-to-date period, DJIA achieves a 13.30% return, which is significantly lower than FMAGX's 25.98% return.
DJIA
13.30%
1.92%
8.62%
15.97%
N/A
N/A
FMAGX
25.98%
0.13%
10.32%
29.86%
7.00%
6.64%
Key characteristics
| DJIA | FMAGX | |
|---|---|---|
| Sharpe Ratio | 2.07 | 1.86 |
| Sortino Ratio | 3.01 | 2.52 |
| Omega Ratio | 1.43 | 1.35 |
| Calmar Ratio | 3.62 | 1.16 |
| Martin Ratio | 13.83 | 11.50 |
| Ulcer Index | 1.19% | 2.59% |
| Daily Std Dev | 7.91% | 15.95% |
| Max Drawdown | -16.91% | -61.25% |
| Current Drawdown | -0.25% | -2.58% |
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DJIA vs. FMAGX - Expense Ratio Comparison
DJIA has a 0.60% expense ratio, which is lower than FMAGX's 0.68% expense ratio.
Correlation
The correlation between DJIA and FMAGX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
DJIA vs. FMAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call ETF (DJIA) and Fidelity Magellan Fund (FMAGX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DJIA vs. FMAGX - Dividend Comparison
DJIA's dividend yield for the trailing twelve months is around 6.83%, more than FMAGX's 0.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DJIA Global X Dow 30 Covered Call ETF | 6.83% | 7.16% | 9.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FMAGX Fidelity Magellan Fund | 0.29% | 0.42% | 0.27% | 0.00% | 0.00% | 0.48% | 0.69% | 0.79% | 0.60% | 8.40% | 13.88% | 7.79% |
Drawdowns
DJIA vs. FMAGX - Drawdown Comparison
The maximum DJIA drawdown since its inception was -16.91%, smaller than the maximum FMAGX drawdown of -61.25%. Use the drawdown chart below to compare losses from any high point for DJIA and FMAGX. For additional features, visit the drawdowns tool.
Volatility
DJIA vs. FMAGX - Volatility Comparison
The current volatility for Global X Dow 30 Covered Call ETF (DJIA) is 3.14%, while Fidelity Magellan Fund (FMAGX) has a volatility of 5.07%. This indicates that DJIA experiences smaller price fluctuations and is considered to be less risky than FMAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.