FFLC vs. FMAG
Compare and contrast key facts about Fidelity Fundamental Large Cap Core ETF (FFLC) and Fidelity Magellan ETF (FMAG).
FFLC and FMAG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFLC is an actively managed fund by Fidelity. It was launched on Jun 2, 2020. FMAG is an actively managed fund by Fidelity. It was launched on Feb 2, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFLC or FMAG.
Performance
FFLC vs. FMAG - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FFLC having a 31.37% return and FMAG slightly lower at 31.01%.
FFLC
31.37%
2.14%
11.75%
37.42%
N/A
N/A
FMAG
31.01%
2.27%
10.42%
35.89%
N/A
N/A
Key characteristics
| FFLC | FMAG | |
|---|---|---|
| Sharpe Ratio | 2.84 | 2.28 |
| Sortino Ratio | 3.84 | 3.06 |
| Omega Ratio | 1.51 | 1.42 |
| Calmar Ratio | 4.19 | 3.52 |
| Martin Ratio | 19.84 | 14.42 |
| Ulcer Index | 1.89% | 2.49% |
| Daily Std Dev | 13.19% | 15.73% |
| Max Drawdown | -15.86% | -32.93% |
| Current Drawdown | -0.96% | -1.87% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FFLC vs. FMAG - Expense Ratio Comparison
FFLC has a 0.38% expense ratio, which is lower than FMAG's 0.59% expense ratio.
Correlation
The correlation between FFLC and FMAG is 0.77, 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
FFLC vs. FMAG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Core ETF (FFLC) 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.
Dividends
FFLC vs. FMAG - Dividend Comparison
FFLC's dividend yield for the trailing twelve months is around 0.68%, more than FMAG's 0.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
FFLC Fidelity Fundamental Large Cap Core ETF | 0.68% | 0.57% | 1.67% | 1.68% | 0.89% |
FMAG Fidelity Magellan ETF | 0.19% | 0.34% | 0.23% | 0.03% | 0.00% |
Drawdowns
FFLC vs. FMAG - Drawdown Comparison
The maximum FFLC drawdown since its inception was -15.86%, smaller than the maximum FMAG drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for FFLC and FMAG. For additional features, visit the drawdowns tool.
Volatility
FFLC vs. FMAG - Volatility Comparison
The current volatility for Fidelity Fundamental Large Cap Core ETF (FFLC) is 4.15%, while Fidelity Magellan ETF (FMAG) has a volatility of 4.92%. This indicates that FFLC 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.