FMAG vs. FXAIX
Compare and contrast key facts about Fidelity Magellan ETF (FMAG) and Fidelity 500 Index Fund (FXAIX).
FMAG is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMAG or FXAIX.
Performance
FMAG vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, FMAG achieves a 30.22% return, which is significantly higher than FXAIX's 25.57% return.
FMAG
30.22%
0.16%
10.57%
36.17%
N/A
N/A
FXAIX
25.57%
1.18%
12.23%
32.20%
15.59%
13.04%
Key characteristics
| FMAG | FXAIX | |
|---|---|---|
| Sharpe Ratio | 2.27 | 2.61 |
| Sortino Ratio | 3.05 | 3.49 |
| Omega Ratio | 1.42 | 1.49 |
| Calmar Ratio | 3.50 | 3.78 |
| Martin Ratio | 14.36 | 17.01 |
| Ulcer Index | 2.48% | 1.88% |
| Daily Std Dev | 15.74% | 12.24% |
| Max Drawdown | -32.93% | -33.79% |
| Current Drawdown | -2.46% | -1.35% |
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FMAG vs. FXAIX - Expense Ratio Comparison
FMAG has a 0.59% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Correlation
The correlation between FMAG and FXAIX is 0.94, 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
FMAG vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan ETF (FMAG) and Fidelity 500 Index Fund (FXAIX). 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
FMAG vs. FXAIX - Dividend Comparison
FMAG's dividend yield for the trailing twelve months is around 0.19%, less than FXAIX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAG Fidelity Magellan ETF | 0.19% | 0.34% | 0.23% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.23% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FMAG vs. FXAIX - Drawdown Comparison
The maximum FMAG drawdown since its inception was -32.93%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FMAG and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FMAG vs. FXAIX - Volatility Comparison
Fidelity Magellan ETF (FMAG) has a higher volatility of 5.01% compared to Fidelity 500 Index Fund (FXAIX) at 4.06%. This indicates that FMAG's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.