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.
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.
Performance
FMAG vs. IVV - Performance Comparison
Key characteristics
FMAG:
0.14
IVV:
0.31
FMAG:
0.35
IVV:
0.57
FMAG:
1.05
IVV:
1.08
FMAG:
0.15
IVV:
0.31
FMAG:
0.58
IVV:
1.41
FMAG:
5.24%
IVV:
4.19%
FMAG:
22.20%
IVV:
18.93%
FMAG:
-32.93%
IVV:
-55.25%
FMAG:
-14.82%
IVV:
-13.89%
Returns By Period
In the year-to-date period, FMAG achieves a -9.15% return, which is significantly higher than IVV's -9.91% return.
FMAG
-9.15%
-5.45%
-10.13%
4.41%
N/A
N/A
IVV
-9.91%
-6.93%
-9.41%
6.77%
14.69%
11.64%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMAG vs. IVV - Expense Ratio Comparison
FMAG has a 0.59% expense ratio, which is higher than IVV's 0.03% expense ratio.
Risk-Adjusted Performance
FMAG vs. IVV — Risk-Adjusted Performance Rank
FMAG
IVV
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 0.14%, less than IVV's 1.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAG Fidelity Magellan ETF | 0.14% | 0.15% | 0.34% | 0.23% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.46% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% |
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) and iShares Core S&P 500 ETF (IVV) have volatilities of 14.07% and 13.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.