FEDGX vs. MAGS
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEDGX or MAGS.
Correlation
The correlation between FEDGX and MAGS is 0.47, 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.
Performance
FEDGX vs. MAGS - Performance Comparison
Key characteristics
FEDGX:
0.22
MAGS:
1.91
FEDGX:
0.39
MAGS:
2.48
FEDGX:
1.05
MAGS:
1.32
FEDGX:
0.14
MAGS:
2.72
FEDGX:
0.48
MAGS:
8.46
FEDGX:
5.83%
MAGS:
5.82%
FEDGX:
12.53%
MAGS:
25.84%
FEDGX:
-44.29%
MAGS:
-18.10%
FEDGX:
-13.61%
MAGS:
-4.35%
Returns By Period
In the year-to-date period, FEDGX achieves a 3.59% return, which is significantly higher than MAGS's 1.56% return.
FEDGX
3.59%
4.44%
-3.77%
1.31%
2.93%
3.52%
MAGS
1.56%
-0.31%
21.73%
52.95%
N/A
N/A
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FEDGX vs. MAGS - Expense Ratio Comparison
FEDGX has a 2.25% expense ratio, which is higher than MAGS's 0.29% expense ratio.
Risk-Adjusted Performance
FEDGX vs. MAGS — Risk-Adjusted Performance Rank
FEDGX
MAGS
FEDGX vs. MAGS - Risk-Adjusted Performance 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.
Dividends
FEDGX vs. MAGS - Dividend Comparison
FEDGX's dividend yield for the trailing twelve months is around 2.91%, more than MAGS's 0.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDGX Fidelity Advisor Emerging Markets Discovery Fund Class C | 2.91% | 3.01% | 1.09% | 0.57% | 1.27% | 0.00% | 0.00% | 0.43% | 0.13% | 0.04% |
MAGS Roundhill Magnificent Seven ETF | 0.80% | 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 -44.29%, which is greater than MAGS's maximum drawdown of -18.10%. Use the drawdown chart below to compare losses from any high point for FEDGX and MAGS. For additional features, visit the drawdowns tool.
Volatility
FEDGX vs. MAGS - Volatility Comparison
The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) is 2.70%, while Roundhill Magnificent Seven ETF (MAGS) has a volatility of 6.50%. 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.