FMAG vs. IVV
Compare and contrast key facts about Fidelity Magellan ETF (FMAG) and iShares Core S&P 500 ETF (IVV).
FMAG and IVV 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. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMAG or IVV.
Performance
FMAG vs. IVV - Performance Comparison
Returns By Period
In the year-to-date period, FMAG achieves a 30.05% return, which is significantly higher than IVV's 25.45% return.
FMAG
30.05%
0.10%
10.19%
35.51%
N/A
N/A
IVV
25.45%
0.97%
11.84%
31.81%
15.61%
13.13%
Key characteristics
| FMAG | IVV | |
|---|---|---|
| Sharpe Ratio | 2.33 | 2.70 |
| Sortino Ratio | 3.13 | 3.60 |
| Omega Ratio | 1.43 | 1.50 |
| Calmar Ratio | 3.61 | 3.91 |
| Martin Ratio | 14.84 | 17.60 |
| Ulcer Index | 2.48% | 1.87% |
| Daily Std Dev | 15.77% | 12.17% |
| Max Drawdown | -32.93% | -55.25% |
| Current Drawdown | -2.58% | -1.40% |
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FMAG vs. IVV - Expense Ratio Comparison
FMAG has a 0.59% expense ratio, which is higher than IVV's 0.03% expense ratio.
Correlation
The correlation between FMAG and IVV 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. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan ETF (FMAG) and iShares Core S&P 500 ETF (IVV). 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. IVV - Dividend Comparison
FMAG's dividend yield for the trailing twelve months is around 0.19%, less than IVV's 1.25% 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% |
IVV iShares Core S&P 500 ETF | 1.25% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
Drawdowns
FMAG vs. IVV - Drawdown Comparison
The maximum FMAG drawdown since its inception was -32.93%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FMAG and IVV. For additional features, visit the drawdowns tool.
Volatility
FMAG vs. IVV - Volatility Comparison
Fidelity Magellan ETF (FMAG) has a higher volatility of 5.04% compared to iShares Core S&P 500 ETF (IVV) at 4.09%. This indicates that FMAG's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.