FMAG vs. FFLC
Compare and contrast key facts about Fidelity Magellan ETF (FMAG) and Fidelity Fundamental Large Cap Core ETF (FFLC).
FMAG and FFLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMAG is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. FFLC is an actively managed fund by Fidelity. It was launched on Jun 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMAG or FFLC.
Correlation
The correlation between FMAG and FFLC is 0.88, 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.
Performance
FMAG vs. FFLC - Performance Comparison
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Key characteristics
FMAG:
0.60
FFLC:
0.45
FMAG:
0.96
FFLC:
0.75
FMAG:
1.13
FFLC:
1.11
FMAG:
0.67
FFLC:
0.45
FMAG:
2.33
FFLC:
1.64
FMAG:
5.80%
FFLC:
5.46%
FMAG:
22.82%
FFLC:
20.11%
FMAG:
-32.93%
FFLC:
-19.72%
FMAG:
-2.38%
FFLC:
-5.21%
Returns By Period
In the year-to-date period, FMAG achieves a 4.11% return, which is significantly higher than FFLC's -0.08% return.
FMAG
4.11%
15.21%
2.24%
13.61%
19.25%
N/A
N/A
FFLC
-0.08%
11.51%
-2.52%
9.08%
17.85%
N/A
N/A
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FMAG vs. FFLC - Expense Ratio Comparison
FMAG has a 0.59% expense ratio, which is higher than FFLC's 0.38% expense ratio.
Risk-Adjusted Performance
FMAG vs. FFLC — Risk-Adjusted Performance Rank
FMAG
FFLC
FMAG vs. FFLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan ETF (FMAG) and Fidelity Fundamental Large Cap Core ETF (FFLC). 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.
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Dividends
FMAG vs. FFLC - Dividend Comparison
FMAG's dividend yield for the trailing twelve months is around 0.12%, less than FFLC's 0.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
FMAG Fidelity Magellan ETF | 0.12% | 0.15% | 0.34% | 0.23% | 0.03% | 0.00% |
FFLC Fidelity Fundamental Large Cap Core ETF | 0.95% | 0.82% | 0.57% | 1.67% | 1.68% | 0.89% |
Drawdowns
FMAG vs. FFLC - Drawdown Comparison
The maximum FMAG drawdown since its inception was -32.93%, which is greater than FFLC's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for FMAG and FFLC. For additional features, visit the drawdowns tool.
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Volatility
FMAG vs. FFLC - Volatility Comparison
Fidelity Magellan ETF (FMAG) has a higher volatility of 4.67% compared to Fidelity Fundamental Large Cap Core ETF (FFLC) at 4.44%. This indicates that FMAG's price experiences larger fluctuations and is considered to be riskier than FFLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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