FDEGX vs. FMAGX
FDEGX (Fidelity Growth Strategies Fund) and FMAGX (Fidelity Magellan Fund) are both mutual funds - FDEGX is a Mid Cap Growth Equities fund actively managed by Fidelity, while FMAGX is a Large Cap Growth Equities fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FDEGX returned 11.15%/yr vs 14.44%/yr for FMAGX. Their correlation of 0.89 means they have usually moved in the same direction. FDEGX charges 0.69%/yr vs 0.64%/yr for FMAGX.
Performance
FDEGX vs. FMAGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FDEGX achieves a 3.63% return, which is significantly higher than FMAGX's 3.12% return. Over the past 10 years, FDEGX has underperformed FMAGX with an annualized return of 11.15%, while FMAGX has yielded a comparatively higher 14.44% annualized return.
FDEGX
- 1D
- 3.45%
- 1M
- -6.65%
- 6M
- 3.54%
- YTD
- 3.63%
- 1Y
- -5.46%
- 3Y*
- 11.50%
- 5Y*
- 4.68%
- 10Y*
- 11.15%
- ALL TIME*
- 9.42%
FMAGX
- 1D
- 3.00%
- 1M
- -2.08%
- 6M
- 2.64%
- YTD
- 3.12%
- 1Y
- 2.36%
- 3Y*
- 18.41%
- 5Y*
- 9.88%
- 10Y*
- 14.44%
- ALL TIME*
- 11.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FDEGX vs. FMAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 3.63% | 2.88% | 26.57% | 20.93% | -26.50% | 21.30% | 29.34% | 36.59% | -6.92% | 21.03% |
FMAGX Fidelity Magellan Fund | 3.12% | 16.27% | 28.06% | 31.04% | -27.18% | 27.08% | 28.34% | 31.26% | -5.70% | 26.49% |
Correlation
The correlation between FDEGX and FMAGX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 1990 | 0.89 |
The correlation between FDEGX and FMAGX has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FDEGX vs. FMAGX — Risk / Return Rank
FDEGX
FMAGX
FDEGX vs. FMAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) 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.
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.
| FDEGX | FMAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.02 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 0.05 | -0.42 |
| Martin ratioReturn relative to average drawdown | -0.89 | 0.18 | -1.08 |
Loading charts...
Drawdowns
FDEGX vs. FMAGX - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.96%, which is greater than FMAGX's maximum drawdown of -71.14%. Use the drawdown chart below to compare losses from any high point for FDEGX and FMAGX.
Loading charts...
Drawdown Indicators
| FDEGX | FMAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.96% | -71.14% | -14.82% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -14.00% | -6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -26.04% | -20.10% | -5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | -33.13% | -3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | -33.13% | -3.49% |
Current DrawdownCurrent decline from peak | -11.12% | -5.09% | -6.03% |
Average DrawdownAverage peak-to-trough decline | -36.68% | -14.92% | -21.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 4.15% | +4.27% |
Volatility
FDEGX vs. FMAGX - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 7.89% compared to Fidelity Magellan Fund (FMAGX) at 5.93%. This indicates that FDEGX's price experiences larger fluctuations and is considered to be riskier than FMAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FDEGX | FMAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.89% | 5.93% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 13.82% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.05% | 16.52% | +7.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.74% | 20.40% | +3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 20.25% | +1.98% |
FDEGX vs. FMAGX - Expense Ratio Comparison
FDEGX has a 0.69% expense ratio, which is higher than FMAGX's 0.64% expense ratio.
Dividends
FDEGX vs. FMAGX - Dividend Comparison
FDEGX has not paid dividends to shareholders, while FMAGX's dividend yield for the trailing twelve months is around 6.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 0.00% | 0.00% | 7.89% | 0.05% | 0.00% | 14.15% | 8.37% | 3.65% | 0.75% | 0.05% | 0.59% | 0.13% |
FMAGX Fidelity Magellan Fund | 6.68% | 13.90% | 6.12% | 11.72% | 5.02% | 7.01% | 0.30% | 14.93% | 10.83% | 9.64% | 2.92% | 7.60% |
Frequently Asked Questions
FDEGX and FMAGX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDEGX has higher volatility (7.89%) compared to FMAGX (5.93%). In terms of maximum drawdown, FDEGX dropped -85.96% vs FMAGX's -71.14%.
FMAGX currently has the higher Sharpe Ratio (0.05 vs -0.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FDEGX and FMAGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer