FMAG vs. BDVL

Last updated Jun 5, 2026

FMAG (Fidelity Magellan ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds. FMAG is actively managed, while BDVL is passively managed. A 0.68 correlation means they provide meaningful diversification when combined. FMAG charges 0.59%/yr vs 0.40%/yr for BDVL.

Performance

FMAG vs. BDVL - Performance Comparison

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

Returns By Period

In the year-to-date period, FMAG achieves a 8.00% return, which is significantly higher than BDVL's 5.11% return.

FMAG

• 1D: -0.05%
• 1M: 3.34%
• YTD: 8.00%
• 6M: 7.59%
• 1Y: 11.45%
• 3Y*: 21.02%
• 5Y*: 11.89%
• 10Y*: —

BDVL

• 1D: 0.38%
• 1M: 0.49%
• YTD: 5.11%
• 6M: 5.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FMAG vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
FMAG Fidelity Magellan ETF	8.00%	-3.12%
BDVL iShares Disciplined Volatility Equity Active ETF	5.11%	1.97%

Correlation

The correlation between FMAG and BDVL is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025	0.68

FMAG vs. BDVL - Sectors Allocation Comparison

Sectors	FMAG	BDVL
Technology	38.9%	23.0%
Industrials	16.1%	15.4%
Financial Services	14.3%	13.9%
Consumer Cyclical	12.6%	8.5%
Communication Services	6.1%	10.7%
Healthcare	4.4%	11.1%
Basic Materials	4.3%	2.6%
Utilities	2.3%	4.8%
Consumer Defensive	1.9%	6.3%
Real Estate	1.4%	1.0%
Energy	-	2.8%

Return for Risk

FMAG vs. BDVL — Risk / Return Rank

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

FMAG

FMAG Risk / Return Rank: 23
FMAG Sharpe Ratio Rank: 24
FMAG Sortino Ratio Rank: 24
FMAG Omega Ratio Rank: 23
FMAG Calmar Ratio Rank: 20
FMAG Martin Ratio Rank: 23

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.

FMAG vs. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan ETF (FMAG) and iShares Disciplined Volatility Equity Active ETF (BDVL). 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.

	FMAG	BDVL	Difference
Sharpe ratio: Return per unit of total volatility	0.81	—	—
Sortino ratio: Return per unit of downside risk	1.22	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.82	—	—
Martin ratio: Return relative to average drawdown	2.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FMAG	BDVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	1.07	-0.45

Drawdowns

FMAG vs. BDVL - Drawdown Comparison

The maximum FMAG drawdown since its inception was -32.93%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for FMAG and BDVL.

Drawdown Indicators

	FMAG	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-32.93%	-7.71%	-25.22%
Max Drawdown (1Y) Largest decline over 1 year	-13.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.93%	—	—
Current Drawdown Current decline from peak	-0.73%	-0.57%	-0.16%
Average Drawdown Average peak-to-trough decline	-8.98%	-1.19%	-7.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	—	—

Volatility

Volatility by Period

	FMAG	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.22%	9.47%	+4.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.85%	9.47%	+10.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.68%	9.47%	+10.21%

FMAG vs. BDVL - Expense Ratio Comparison

FMAG has a 0.59% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

FMAG vs. BDVL - Dividend Comparison

FMAG's dividend yield for the trailing twelve months is around 0.08%, less than BDVL's 2.65% yield.

Position	TTM	2025	2024	2023	2022	2021
BDVL iShares Disciplined Volatility Equity Active ETF	2.65%	2.79%	0.00%	0.00%	0.00%	0.00%
FMAG Fidelity Magellan ETF	0.08%	0.09%	0.15%	0.34%	0.23%	0.03%

Frequently Asked Questions

Can I hold both FMAG and BDVL in my portfolio?

FMAG and BDVL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FMAG or BDVL?

On fees, BDVL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FMAG or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.59% for FMAG.

Which ETF pays a higher dividend yield, FMAG or BDVL?

BDVL has the higher dividend yield at 2.65%, compared with 0.08% for FMAG.

What is the main difference between FMAG and BDVL?

They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.59% for FMAG and 0.40% for BDVL.