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

Correlation

The correlation between FMAG and SMH is 0.84, 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.


-0.50.00.51.00.8

Performance

FMAG vs. SMH - Performance Comparison

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

-10.00%-5.00%0.00%5.00%10.00%SeptemberOctoberNovemberDecember2025February
8.72%
2.27%
FMAG
SMH

Key characteristics

Sharpe Ratio

FMAG:

1.47

SMH:

0.75

Sortino Ratio

FMAG:

2.00

SMH:

1.18

Omega Ratio

FMAG:

1.27

SMH:

1.15

Calmar Ratio

FMAG:

2.42

SMH:

1.10

Martin Ratio

FMAG:

9.07

SMH:

2.53

Ulcer Index

FMAG:

2.72%

SMH:

10.78%

Daily Std Dev

FMAG:

16.73%

SMH:

36.20%

Max Drawdown

FMAG:

-32.93%

SMH:

-83.29%

Current Drawdown

FMAG:

-1.36%

SMH:

-9.80%

Returns By Period

In the year-to-date period, FMAG achieves a 5.20% return, which is significantly higher than SMH's 4.30% return.


FMAG

YTD

5.20%

1M

1.88%

6M

9.68%

1Y

23.08%

5Y*

N/A

10Y*

N/A

SMH

YTD

4.30%

1M

-2.20%

6M

2.83%

1Y

25.75%

5Y*

28.73%

10Y*

25.98%

*Annualized

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FMAG vs. SMH - Expense Ratio Comparison

FMAG has a 0.59% expense ratio, which is higher than SMH's 0.35% expense ratio.


Expense ratio chart for FMAG: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%
Expense ratio chart for SMH: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

FMAG vs. SMH — 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 6363
Overall Rank
The Sharpe Ratio Rank of FMAG is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of FMAG is 5555
Sortino Ratio Rank
The Omega Ratio Rank of FMAG is 5959
Omega Ratio Rank
The Calmar Ratio Rank of FMAG is 7070
Calmar Ratio Rank
The Martin Ratio Rank of FMAG is 7070
Martin Ratio Rank

SMH
The Risk-Adjusted Performance Rank of SMH is 2929
Overall Rank
The Sharpe Ratio Rank of SMH is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of SMH is 2525
Sortino Ratio Rank
The Omega Ratio Rank of SMH is 2727
Omega Ratio Rank
The Calmar Ratio Rank of SMH is 4242
Calmar Ratio Rank
The Martin Ratio Rank of SMH is 2525
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. SMH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan ETF (FMAG) and VanEck Vectors Semiconductor ETF (SMH). 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 chart of Sharpe ratio for FMAG, currently valued at 1.47, compared to the broader market0.002.004.001.470.75
The chart of Sortino ratio for FMAG, currently valued at 2.00, compared to the broader market0.005.0010.002.001.18
The chart of Omega ratio for FMAG, currently valued at 1.27, compared to the broader market0.501.001.502.002.503.001.271.15
The chart of Calmar ratio for FMAG, currently valued at 2.42, compared to the broader market0.005.0010.0015.002.421.10
The chart of Martin ratio for FMAG, currently valued at 9.07, compared to the broader market0.0020.0040.0060.0080.00100.009.072.53
FMAG
SMH

The current FMAG Sharpe Ratio is 1.47, which is higher than the SMH Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of FMAG and SMH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00SeptemberOctoberNovemberDecember2025February
1.47
0.75
FMAG
SMH

Dividends

FMAG vs. SMH - Dividend Comparison

FMAG's dividend yield for the trailing twelve months is around 0.14%, less than SMH's 0.42% yield.


TTM20242023202220212020201920182017201620152014
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%
SMH
VanEck Vectors Semiconductor ETF
0.42%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%1.16%

Drawdowns

FMAG vs. SMH - Drawdown Comparison

The maximum FMAG drawdown since its inception was -32.93%, smaller than the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for FMAG and SMH. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%SeptemberOctoberNovemberDecember2025February
-1.36%
-9.80%
FMAG
SMH

Volatility

FMAG vs. SMH - Volatility Comparison

The current volatility for Fidelity Magellan ETF (FMAG) is 5.88%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 12.59%. This indicates that FMAG experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%SeptemberOctoberNovemberDecember2025February
5.88%
12.59%
FMAG
SMH