FEDGX vs. MAGS

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) and Roundhill Magnificent Seven ETF (MAGS).

FEDGX is managed by Fidelity. It was launched on Nov 1, 2011. MAGS is an actively managed fund by Roundhill. It was launched on Apr 10, 2023.

Performance

FEDGX vs. MAGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) and Roundhill Magnificent Seven ETF (MAGS). The values are adjusted to include any dividend payments, if applicable.

FEDGX vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FEDGX Fidelity Advisor Emerging Markets Discovery Fund Class C	5.82%	30.50%	-4.59%	12.13%
MAGS Roundhill Magnificent Seven ETF	-11.04%	22.99%	63.97%	37.32%

Returns By Period

In the year-to-date period, FEDGX achieves a 5.82% return, which is significantly higher than MAGS's -11.04% return.

FEDGX

• 1D: 1.87%
• 1M: -6.17%
• YTD: 5.82%
• 6M: 11.14%
• 1Y: 35.35%
• 3Y*: 14.48%
• 5Y*: 6.72%
• 10Y*: 8.65%

MAGS

• 1D: 1.28%
• 1M: -4.76%
• YTD: -11.04%
• 6M: -8.69%
• 1Y: 27.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEDGX vs. MAGS - Expense Ratio Comparison

FEDGX has a 2.25% expense ratio, which is higher than MAGS's 0.29% expense ratio.

FEDGX

Fidelity Advisor Emerging Markets Discovery Fund Class C

MAGS

Roundhill Magnificent Seven ETF

Return for Risk

FEDGX vs. MAGS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEDGX

FEDGX Risk / Return Rank: 95
FEDGX Sharpe Ratio Rank: 96
FEDGX Sortino Ratio Rank: 94
FEDGX Omega Ratio Rank: 93
FEDGX Calmar Ratio Rank: 95
FEDGX Martin Ratio Rank: 95

MAGS

MAGS Risk / Return Rank: 56
MAGS Sharpe Ratio Rank: 51
MAGS Sortino Ratio Rank: 59
MAGS Omega Ratio Rank: 54
MAGS Calmar Ratio Rank: 61
MAGS Martin Ratio Rank: 55

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.

FEDGX vs. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) and Roundhill Magnificent Seven ETF (MAGS). 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.

	FEDGX	MAGS	Difference
Sharpe ratio Return per unit of total volatility	2.53	0.97	+1.56
Sortino ratio Return per unit of downside risk	3.15	1.58	+1.58
Omega ratio Gain probability vs. loss probability	1.48	1.21	+0.27
Calmar ratio Return relative to maximum drawdown	3.54	1.60	+1.94
Martin ratio Return relative to average drawdown	13.63	5.57	+8.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEDGX vs. MAGS - Sharpe Ratio Comparison

The current FEDGX Sharpe Ratio is 2.53, which is higher than the MAGS Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FEDGX and MAGS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FEDGX	MAGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	0.97	+1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	1.36	-0.90

Correlation

The correlation between FEDGX and MAGS is 0.48, 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.

Dividends

FEDGX vs. MAGS - Dividend Comparison

FEDGX's dividend yield for the trailing twelve months is around 3.60%, more than MAGS's 1.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FEDGX Fidelity Advisor Emerging Markets Discovery Fund Class C	3.60%	3.81%	3.01%	1.09%	0.57%	10.88%	0.00%	0.00%	0.49%	1.54%	0.58%
MAGS Roundhill Magnificent Seven ETF	1.66%	1.48%	0.81%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FEDGX vs. MAGS - Drawdown Comparison

The maximum FEDGX drawdown since its inception was -44.26%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for FEDGX and MAGS.

Drawdown Indicators

	FEDGX	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-44.26%	-29.91%	-14.35%
Max Drawdown (1Y) Largest decline over 1 year	-9.97%	-18.62%	+8.65%
Max Drawdown (5Y) Largest decline over 5 years	-28.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.26%	—	—
Current Drawdown Current decline from peak	-7.97%	-13.78%	+5.81%
Average Drawdown Average peak-to-trough decline	-9.62%	-4.77%	-4.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	5.36%	-2.77%

Volatility

FEDGX vs. MAGS - Volatility Comparison

The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) is 6.74%, while Roundhill Magnificent Seven ETF (MAGS) has a volatility of 8.50%. This indicates that FEDGX experiences smaller price fluctuations and is considered to be less risky than MAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEDGX	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	8.50%	-1.76%
Volatility (6M) Calculated over the trailing 6-month period	9.91%	15.51%	-5.60%
Volatility (1Y) Calculated over the trailing 1-year period	14.46%	28.70%	-14.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	26.28%	-12.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	26.28%	-10.63%