FDEGX vs. FMAGX
Compare and contrast key facts about Fidelity Growth Strategies Fund (FDEGX) and Fidelity Magellan Fund (FMAGX).
FDEGX is managed by Fidelity. It was launched on Dec 28, 1990. 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: FDEGX or FMAGX.
Performance
FDEGX vs. FMAGX - Performance Comparison
Returns By Period
In the year-to-date period, FDEGX achieves a 32.80% return, which is significantly higher than FMAGX's 25.98% return. Over the past 10 years, FDEGX has outperformed FMAGX with an annualized return of 9.23%, while FMAGX has yielded a comparatively lower 6.64% annualized return.
FDEGX
32.80%
7.73%
17.48%
42.71%
8.54%
9.23%
FMAGX
25.98%
0.13%
10.32%
29.86%
7.00%
6.64%
Key characteristics
| FDEGX | FMAGX | |
|---|---|---|
| Sharpe Ratio | 2.61 | 1.86 |
| Sortino Ratio | 3.52 | 2.52 |
| Omega Ratio | 1.46 | 1.35 |
| Calmar Ratio | 1.40 | 1.16 |
| Martin Ratio | 15.40 | 11.50 |
| Ulcer Index | 2.77% | 2.59% |
| Daily Std Dev | 16.34% | 15.95% |
| Max Drawdown | -85.76% | -61.25% |
| Current Drawdown | -1.30% | -2.58% |
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FDEGX vs. FMAGX - Expense Ratio Comparison
FDEGX has a 0.63% expense ratio, which is lower than FMAGX's 0.68% expense ratio.
Correlation
The correlation between FDEGX and FMAGX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FDEGX vs. FMAGX - Risk-Adjusted Performance 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.
Dividends
FDEGX vs. FMAGX - Dividend Comparison
FDEGX's dividend yield for the trailing twelve months is around 0.04%, less than FMAGX's 0.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 0.04% | 0.05% | 0.00% | 0.00% | 0.00% | 0.44% | 0.75% | 0.38% | 0.54% | 0.13% | 0.59% | 0.18% |
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
FDEGX vs. FMAGX - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.76%, which is greater than FMAGX's maximum drawdown of -61.25%. Use the drawdown chart below to compare losses from any high point for FDEGX and FMAGX. For additional features, visit the drawdowns tool.
Volatility
FDEGX vs. FMAGX - Volatility Comparison
Fidelity Growth Strategies Fund (FDEGX) has a higher volatility of 6.75% compared to Fidelity Magellan Fund (FMAGX) at 5.07%. 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.