FMAG vs. XLC
Compare and contrast key facts about Fidelity Magellan ETF (FMAG) and Communication Services Select Sector SPDR Fund (XLC).
FMAG and XLC 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. XLC is a passively managed fund by State Street that tracks the performance of the S&P Communication Services Select Sector Index. It was launched on Jun 18, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMAG or XLC.
Key characteristics
| FMAG | XLC | |
|---|---|---|
| YTD Return | 12.01% | 9.53% |
| 1Y Return | 35.31% | 36.82% |
| 3Y Return (Ann) | 8.47% | 1.65% |
| Sharpe Ratio | 2.46 | 2.18 |
| Daily Std Dev | 14.04% | 16.66% |
| Max Drawdown | -32.93% | -46.66% |
| Current Drawdown | -4.36% | -5.40% |
Correlation
The correlation between FMAG and XLC is 0.81, 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. XLC - Performance Comparison
In the year-to-date period, FMAG achieves a 12.01% return, which is significantly higher than XLC's 9.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FMAG vs. XLC - Expense Ratio Comparison
FMAG has a 0.59% expense ratio, which is higher than XLC's 0.13% expense ratio.
Risk-Adjusted Performance
FMAG vs. XLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan ETF (FMAG) and Communication Services Select Sector SPDR Fund (XLC). 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. XLC - Dividend Comparison
FMAG's dividend yield for the trailing twelve months is around 0.24%, less than XLC's 0.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FMAG Fidelity Magellan ETF | 0.24% | 0.34% | 0.23% | 0.03% | 0.00% | 0.00% | 0.00% |
XLC Communication Services Select Sector SPDR Fund | 0.83% | 0.82% | 1.10% | 0.74% | 0.68% | 0.82% | 0.64% |
Drawdowns
FMAG vs. XLC - Drawdown Comparison
The maximum FMAG drawdown since its inception was -32.93%, smaller than the maximum XLC drawdown of -46.66%. Use the drawdown chart below to compare losses from any high point for FMAG and XLC. For additional features, visit the drawdowns tool.
Volatility
FMAG vs. XLC - Volatility Comparison
The current volatility for Fidelity Magellan ETF (FMAG) is 4.95%, while Communication Services Select Sector SPDR Fund (XLC) has a volatility of 6.34%. This indicates that FMAG experiences smaller price fluctuations and is considered to be less risky than XLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.