FFIDX vs. FMAG

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Fund (FFIDX) and Fidelity Magellan ETF (FMAG).

FFIDX is managed by Fidelity. It was launched on Apr 30, 1930. FMAG is an actively managed fund by Fidelity. It was launched on Feb 2, 2021.

Performance

FFIDX vs. FMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fund (FFIDX) and Fidelity Magellan ETF (FMAG). The values are adjusted to include any dividend payments, if applicable.

FFIDX vs. FMAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FFIDX Fidelity Fund	-6.42%	20.04%	27.13%	30.93%	-25.88%	29.04%
FMAG Fidelity Magellan ETF	-6.53%	10.40%	28.52%	31.25%	-26.92%	25.37%

Returns By Period

The year-to-date returns for both stocks are quite close, with FFIDX having a -6.42% return and FMAG slightly lower at -6.53%.

FFIDX

• 1D: 3.24%
• 1M: -4.74%
• YTD: -6.42%
• 6M: -2.86%
• 1Y: 21.33%
• 3Y*: 19.56%
• 5Y*: 11.90%
• 10Y*: 14.45%

FMAG

• 1D: 0.89%
• 1M: -5.68%
• YTD: -6.53%
• 6M: -9.35%
• 1Y: 8.89%
• 3Y*: 17.03%
• 5Y*: 9.60%
• 10Y*: —

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

FFIDX vs. FMAG - Expense Ratio Comparison

FFIDX has a 0.45% expense ratio, which is lower than FMAG's 0.59% expense ratio.

FMAG

Fidelity Magellan ETF

FFIDX

Fidelity Fund

Return for Risk

FFIDX vs. FMAG — Risk / Return Rank

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

FFIDX

FFIDX Risk / Return Rank: 70
FFIDX Sharpe Ratio Rank: 61
FFIDX Sortino Ratio Rank: 68
FFIDX Omega Ratio Rank: 67
FFIDX Calmar Ratio Rank: 76
FFIDX Martin Ratio Rank: 77

FMAG

FMAG Risk / Return Rank: 26
FMAG Sharpe Ratio Rank: 24
FMAG Sortino Ratio Rank: 26
FMAG Omega Ratio Rank: 25
FMAG Calmar Ratio Rank: 28
FMAG Martin Ratio Rank: 28

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.

FFIDX vs. FMAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fund (FFIDX) and Fidelity Magellan ETF (FMAG). 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.

	FFIDX	FMAG	Difference
Sharpe ratio Return per unit of total volatility	1.14	0.45	+0.69
Sortino ratio Return per unit of downside risk	1.73	0.79	+0.94
Omega ratio Gain probability vs. loss probability	1.26	1.11	+0.15
Calmar ratio Return relative to maximum drawdown	1.84	0.70	+1.14
Martin ratio Return relative to average drawdown	7.51	2.43	+5.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFIDX vs. FMAG - Sharpe Ratio Comparison

The current FFIDX Sharpe Ratio is 1.14, which is higher than the FMAG Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of FFIDX and FMAG, 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

	FFIDX	FMAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	0.45	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.49	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.48	-0.01

Correlation

The correlation between FFIDX and FMAG is 0.96, 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.

Dividends

FFIDX vs. FMAG - Dividend Comparison

FFIDX's dividend yield for the trailing twelve months is around 1.26%, more than FMAG's 0.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFIDX Fidelity Fund	1.26%	1.18%	0.00%	2.41%	0.67%	4.60%	2.71%	5.41%	7.40%	11.12%	7.01%	5.48%
FMAG Fidelity Magellan ETF	0.09%	0.09%	0.15%	0.34%	0.23%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FFIDX vs. FMAG - Drawdown Comparison

The maximum FFIDX drawdown since its inception was -55.35%, which is greater than FMAG's maximum drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for FFIDX and FMAG.

Drawdown Indicators

	FFIDX	FMAG	Difference
Max Drawdown Largest peak-to-trough decline	-55.35%	-32.93%	-22.42%
Max Drawdown (1Y) Largest decline over 1 year	-12.01%	-13.97%	+1.96%
Max Drawdown (5Y) Largest decline over 5 years	-30.33%	-32.93%	+2.60%
Max Drawdown (10Y) Largest decline over 10 years	-30.66%	—	—
Current Drawdown Current decline from peak	-7.98%	-10.34%	+2.36%
Average Drawdown Average peak-to-trough decline	-11.89%	-9.22%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	4.03%	-1.08%

Volatility

FFIDX vs. FMAG - Volatility Comparison

The current volatility for Fidelity Fund (FFIDX) is 5.64%, while Fidelity Magellan ETF (FMAG) has a volatility of 6.37%. This indicates that FFIDX experiences smaller price fluctuations and is considered to be less risky than FMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFIDX	FMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	6.37%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	11.08%	-1.32%
Volatility (1Y) Calculated over the trailing 1-year period	19.51%	19.97%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.23%	19.84%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.40%	19.82%	-0.42%