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FMAG vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FMAG and QQQ 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. QQQ - Performance Comparison

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

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Key characteristics

Sharpe Ratio

FMAG:

0.51

QQQ:

0.45

Sortino Ratio

FMAG:

0.85

QQQ:

0.81

Omega Ratio

FMAG:

1.12

QQQ:

1.11

Calmar Ratio

FMAG:

0.57

QQQ:

0.51

Martin Ratio

FMAG:

2.00

QQQ:

1.65

Ulcer Index

FMAG:

5.79%

QQQ:

6.96%

Daily Std Dev

FMAG:

22.66%

QQQ:

25.14%

Max Drawdown

FMAG:

-32.93%

QQQ:

-82.98%

Current Drawdown

FMAG:

-5.87%

QQQ:

-9.42%

Returns By Period

In the year-to-date period, FMAG achieves a 0.40% return, which is significantly higher than QQQ's -4.41% return.


FMAG

YTD

0.40%

1M

7.12%

6M

-3.34%

1Y

11.40%

5Y*

N/A

10Y*

N/A

QQQ

YTD

-4.41%

1M

4.71%

6M

-4.80%

1Y

11.32%

5Y*

17.54%

10Y*

17.26%

*Annualized

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FMAG vs. QQQ - Expense Ratio Comparison

FMAG has a 0.59% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Risk-Adjusted Performance

FMAG vs. QQQ — Risk-Adjusted Performance Rank

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

FMAG
The Risk-Adjusted Performance Rank of FMAG is 6161
Overall Rank
The Sharpe Ratio Rank of FMAG is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of FMAG is 5959
Sortino Ratio Rank
The Omega Ratio Rank of FMAG is 5959
Omega Ratio Rank
The Calmar Ratio Rank of FMAG is 6767
Calmar Ratio Rank
The Martin Ratio Rank of FMAG is 6161
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 5656
Overall Rank
The Sharpe Ratio Rank of QQQ is 5252
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 5757
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 5656
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6262
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FMAG vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan ETF (FMAG) and Invesco QQQ (QQQ). 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.


The current FMAG Sharpe Ratio is 0.51, which is comparable to the QQQ Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of FMAG and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FMAG vs. QQQ - Dividend Comparison

FMAG's dividend yield for the trailing twelve months is around 0.13%, less than QQQ's 0.61% yield.


TTM20242023202220212020201920182017201620152014
FMAG
Fidelity Magellan ETF
0.13%0.15%0.34%0.23%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.61%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

FMAG vs. QQQ - Drawdown Comparison

The maximum FMAG drawdown since its inception was -32.93%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FMAG and QQQ. For additional features, visit the drawdowns tool.


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Volatility

FMAG vs. QQQ - Volatility Comparison


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