FMAG vs. XOMO

Last updated Aug 4, 2026

FMAG (Fidelity Magellan ETF) and XOMO (YieldMax XOM Option Income Strategy ETF) are both exchange-traded funds - FMAG is a Large Cap Growth Equities fund actively managed by Fidelity, while XOMO is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, FMAG returned 5.63% vs 29.81% for XOMO. Their -0.07 correlation means they have often moved in opposite directions in the past. FMAG charges 0.57%/yr vs 1.01%/yr for XOMO.

Performance

FMAG vs. XOMO - Performance Comparison

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

Returns By Period

In the year-to-date period, FMAG achieves a 6.71% return, which is significantly lower than XOMO's 20.15% return.

FMAG

• 1D: 1.22%
• 1M: 1.43%
• 6M: 6.21%
• YTD: 6.71%
• 1Y: 5.63%
• 3Y*: 18.63%
• 5Y*: 9.54%
• 10Y*: —
• ALL TIME*: 11.64%

XOMO

• 1D: -0.09%
• 1M: 10.85%
• 6M: 7.87%
• YTD: 20.15%
• 1Y: 29.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FMAG Fidelity Magellan ETF	$432.45K	$646.72K	$734.38K
XOMO YieldMax XOM Option Income Strategy ETF	$559.24K	$694.66K	$715.05K

FMAG vs. XOMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FMAG Fidelity Magellan ETF	6.71%	10.40%	28.52%	7.81%
XOMO YieldMax XOM Option Income Strategy ETF	20.15%	6.90%	6.11%	-8.59%

Correlation

The correlation between FMAG and XOMO is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.25
Correlation (All Time) Calculated using the full available price history since Aug 31, 2023	-0.07

The correlation between FMAG and XOMO shifts across timeframes, from -0.25 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FMAG vs. XOMO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FMAG

FMAG Risk / Return Rank: 19
FMAG Sharpe Ratio Rank: 19
FMAG Sortino Ratio Rank: 18
FMAG Omega Ratio Rank: 18
FMAG Calmar Ratio Rank: 18
FMAG Martin Ratio Rank: 21

XOMO

XOMO Risk / Return Rank: 52
XOMO Sharpe Ratio Rank: 59
XOMO Sortino Ratio Rank: 55
XOMO Omega Ratio Rank: 57
XOMO Calmar Ratio Rank: 46
XOMO Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FMAG vs. XOMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan ETF (FMAG) and YieldMax XOM Option Income Strategy ETF (XOMO). 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	XOMO	Difference
Sharpe ratio: Return per unit of total volatility	0.35	1.45	-1.11
Sortino ratio: Return per unit of downside risk	0.60	1.96	-1.37
Omega ratio: Gain probability vs. loss probability	1.07	1.26	-0.19
Calmar ratio: Return relative to maximum drawdown	0.40	1.74	-1.33
Martin ratio: Return relative to average drawdown	1.35	4.35	-3.00

FMAG vs. XOMO - Sharpe Ratio Comparison

The current FMAG Sharpe Ratio is 0.35, which is lower than the XOMO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of FMAG and XOMO, 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. XOMO - Drawdown Comparison

The maximum FMAG drawdown since its inception was -32.93%, which is greater than XOMO's maximum drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for FMAG and XOMO.

Drawdown Indicators

	FMAG	XOMO	Difference
Max Drawdown Largest peak-to-trough decline	-32.93%	-18.90%	-14.03%
Max Drawdown (1Y) Largest decline over 1 year	-13.97%	-17.25%	+3.28%
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.93%	—	—
Current Drawdown Current decline from peak	-1.91%	-7.65%	+5.74%
Average Drawdown Average peak-to-trough decline	-8.81%	-7.50%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.19%	6.89%	-2.70%

Volatility

FMAG vs. XOMO - Volatility Comparison

Fidelity Magellan ETF (FMAG) and YieldMax XOM Option Income Strategy ETF (XOMO) have volatilities of 6.14% and 6.21%, 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	XOMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	6.21%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	13.83%	17.24%	-3.41%
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	20.67%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.19%	19.19%	+1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.79%	19.19%	+0.60%

FMAG vs. XOMO - Expense Ratio Comparison

FMAG has a 0.57% expense ratio, which is lower than XOMO's 1.01% expense ratio.

Dividends

FMAG vs. XOMO - Dividend Comparison

FMAG's dividend yield for the trailing twelve months is around 0.08%, less than XOMO's 37.07% yield.

Position	TTM	2025	2024	2023	2022	2021
FMAG Fidelity Magellan ETF	0.08%	0.09%	0.15%	0.34%	0.23%	0.03%
XOMO YieldMax XOM Option Income Strategy ETF	37.07%	31.64%	26.94%	5.13%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FMAG and XOMO in my portfolio?

FMAG and XOMO have a correlation of -0.25, 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 XOMO?

XOMO has higher volatility (6.21%) compared to FMAG (6.14%). In terms of maximum drawdown, FMAG dropped -32.93% vs XOMO's -18.90%.

Which ETF is better, FMAG or XOMO?

On 1-year performance, XOMO leads with 29.81% vs 5.63% for FMAG. On fees, FMAG 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 XOMO?

Over the 1-year period, XOMO has performed better with a 29.81% return vs 5.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FMAG or XOMO?

FMAG is cheaper with a 0.57% expense ratio, compared with 1.01% for XOMO.

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

XOMO has the higher dividend yield at 37.07%, compared with 0.08% for FMAG.

What is the main difference between FMAG and XOMO?

FMAG is categorized as Large Cap Growth Equities, while XOMO is Derivative Income. They also come from different issuers: Fidelity and YieldMax. Their fees differ too: 0.57% for FMAG and 1.01% for XOMO.

Which has better risk-adjusted returns?

XOMO currently has the higher Sharpe Ratio (1.45 vs 0.35), 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.