FMAG vs. WINN

Last updated Jun 26, 2026

FMAG (Fidelity Magellan ETF) and WINN (Harbor Long-Term Growers ETF) are both exchange-traded funds - FMAG is a Global Equities fund actively managed by Fidelity, while WINN is a Large Cap Growth Equities fund actively managed by Harbor. Both are actively managed. Over the past 3 years, FMAG returned 19.25%/yr vs 20.54%/yr for WINN. Their correlation of 0.92 suggests significant overlap in exposure. FMAG charges 0.59%/yr vs 0.57%/yr for WINN.

Performance

FMAG vs. WINN - Performance Comparison

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

Returns By Period

In the year-to-date period, FMAG achieves a 4.69% return, which is significantly higher than WINN's 0.69% return.

FMAG

• 1D: 0.06%
• 1M: -2.24%
• YTD: 4.69%
• 6M: 3.18%
• 1Y: 6.98%
• 3Y*: 19.25%
• 5Y*: 10.30%
• 10Y*: —

WINN

• 1D: -1.14%
• 1M: -5.06%
• YTD: 0.69%
• 6M: -0.67%
• 1Y: 10.13%
• 3Y*: 20.54%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMAG vs. WINN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FMAG Fidelity Magellan ETF	4.69%	10.40%	28.52%	31.25%	-19.66%
WINN Harbor Long-Term Growers ETF	0.69%	14.31%	31.64%	52.44%	-27.98%

Correlation

The correlation between FMAG and WINN is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022	0.92

The correlation between FMAG and WINN has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

FMAG vs. WINN - Sectors Allocation Comparison

Sectors	FMAG	WINN
Technology	42.7%	52.8%
Industrials	15.7%	6.5%
Consumer Cyclical	12.9%	12.0%
Financial Services	12.2%	3.7%
Communication Services	5.6%	14.1%
Healthcare	4.0%	6.1%
Basic Materials	4.0%	-
Utilities	2.3%	2.2%
Consumer Defensive	1.7%	2.5%
Real Estate	1.3%	0.4%
Energy	-	-

Return for Risk

FMAG vs. WINN — Risk / Return Rank

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

FMAG

FMAG Risk / Return Rank: 16
FMAG Sharpe Ratio Rank: 16
FMAG Sortino Ratio Rank: 15
FMAG Omega Ratio Rank: 15
FMAG Calmar Ratio Rank: 15
FMAG Martin Ratio Rank: 18

WINN

WINN Risk / Return Rank: 17
WINN Sharpe Ratio Rank: 19
WINN Sortino Ratio Rank: 18
WINN Omega Ratio Rank: 18
WINN Calmar Ratio Rank: 16
WINN Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FMAG vs. WINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan ETF (FMAG) and Harbor Long-Term Growers ETF (WINN). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FMAG	WINN	Difference
Sharpe ratio: Return per unit of total volatility	0.46	0.60	-0.14
Sortino ratio: Return per unit of downside risk	0.74	0.92	-0.19
Omega ratio: Gain probability vs. loss probability	1.09	1.12	-0.03
Calmar ratio: Return relative to maximum drawdown	0.50	0.56	-0.06
Martin ratio: Return relative to average drawdown	1.74	1.71	+0.03

FMAG vs. WINN - Sharpe Ratio Comparison

The current FMAG Sharpe Ratio is 0.46, which is comparable to the WINN Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of FMAG and WINN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FMAG vs. WINN - Drawdown Comparison

The maximum FMAG drawdown since its inception was -32.93%, roughly equal to the maximum WINN drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for FMAG and WINN.

Drawdown Indicators

	FMAG	WINN	Difference
Max Drawdown Largest peak-to-trough decline	-32.93%	-32.07%	-0.86%
Max Drawdown (1Y) Largest decline over 1 year	-13.97%	-18.06%	+4.09%
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	-23.66%	+3.54%
Max Drawdown (5Y) Largest decline over 5 years	-32.93%	—	—
Current Drawdown Current decline from peak	-3.77%	-7.91%	+4.14%
Average Drawdown Average peak-to-trough decline	-8.91%	-9.03%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	5.93%	-1.91%

Volatility

FMAG vs. WINN - Volatility Comparison

Fidelity Magellan ETF (FMAG) and Harbor Long-Term Growers ETF (WINN) have volatilities of 6.66% and 6.74%, 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.

Volatility by Period

	FMAG	WINN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.66%	6.74%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	12.71%	13.33%	-0.62%
Volatility (1Y) Calculated over the trailing 1-year period	15.32%	17.02%	-1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.02%	23.77%	-3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.76%	23.77%	-4.01%

FMAG vs. WINN - Expense Ratio Comparison

FMAG has a 0.59% expense ratio, which is higher than WINN's 0.57% expense ratio.

Dividends

FMAG vs. WINN - Dividend Comparison

FMAG's dividend yield for the trailing twelve months is around 0.08%, while WINN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FMAG Fidelity Magellan ETF	0.08%	0.09%	0.15%	0.34%	0.23%	0.03%
WINN Harbor Long-Term Growers ETF	0.00%	0.00%	0.00%	0.06%	0.06%	0.00%

Frequently Asked Questions

Can I hold both FMAG and WINN in my portfolio?

FMAG and WINN have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMAG or WINN?

WINN has higher volatility (6.74%) compared to FMAG (6.66%). In terms of maximum drawdown, FMAG dropped -32.93% vs WINN's -32.07%.

Which ETF is better, FMAG or WINN?

On 3-year performance, WINN leads with 20.54% vs 19.25% for FMAG. On fees, WINN is cheaper at 0.57% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FMAG or WINN?

Over the 3-year period, WINN has performed better with a 20.54% return vs 19.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FMAG or WINN?

WINN is cheaper with a 0.57% expense ratio, compared with 0.59% for FMAG.

Which ETF pays a higher dividend yield, FMAG or WINN?

FMAG has the higher dividend yield at 0.08%, compared with 0.00% for WINN.

What is the main difference between FMAG and WINN?

FMAG is categorized as Global Equities, while WINN is Large Cap Growth Equities. They also come from different issuers: Fidelity and Harbor. Their fees differ too: 0.59% for FMAG and 0.57% for WINN.

Which has better risk-adjusted returns?

WINN currently has the higher Sharpe Ratio (0.60 vs 0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.