FMAGX vs. DJIA

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Magellan Fund (FMAGX) and Global X Dow 30 Covered Call ETF (DJIA).

FMAGX is managed by Fidelity. It was launched on May 2, 1963. DJIA is a passively managed fund by Global X that tracks the performance of the DJIA Cboe BuyWrite v2 Index. It was launched on Feb 23, 2022.

Performance

FMAGX vs. DJIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Magellan Fund (FMAGX) and Global X Dow 30 Covered Call ETF (DJIA). The values are adjusted to include any dividend payments, if applicable.

FMAGX vs. DJIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FMAGX Fidelity Magellan Fund	-7.56%	16.27%	28.06%	31.04%	-13.51%
DJIA Global X Dow 30 Covered Call ETF	-1.83%	9.11%	14.52%	9.15%	-2.80%

Returns By Period

In the year-to-date period, FMAGX achieves a -7.56% return, which is significantly lower than DJIA's -1.83% return.

FMAGX

• 1D: 3.29%
• 1M: -6.50%
• YTD: -7.56%
• 6M: -10.07%
• 1Y: 13.29%
• 3Y*: 18.46%
• 5Y*: 10.32%
• 10Y*: 13.59%

DJIA

• 1D: 0.38%
• 1M: -4.60%
• YTD: -1.83%
• 6M: 3.58%
• 1Y: 6.73%
• 3Y*: 9.17%
• 5Y*: —
• 10Y*: —

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

FMAGX vs. DJIA - Expense Ratio Comparison

FMAGX has a 0.68% expense ratio, which is higher than DJIA's 0.60% expense ratio.

FMAGX

Fidelity Magellan Fund

DJIA

Global X Dow 30 Covered Call ETF

Return for Risk

FMAGX vs. DJIA — Risk / Return Rank

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

FMAGX

FMAGX Risk / Return Rank: 31
FMAGX Sharpe Ratio Rank: 26
FMAGX Sortino Ratio Rank: 32
FMAGX Omega Ratio Rank: 29
FMAGX Calmar Ratio Rank: 37
FMAGX Martin Ratio Rank: 33

DJIA

DJIA Risk / Return Rank: 30
DJIA Sharpe Ratio Rank: 27
DJIA Sortino Ratio Rank: 27
DJIA Omega Ratio Rank: 35
DJIA Calmar Ratio Rank: 30
DJIA Martin Ratio Rank: 33

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.

FMAGX vs. DJIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan Fund (FMAGX) and Global X Dow 30 Covered Call ETF (DJIA). 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.

	FMAGX	DJIA	Difference
Sharpe ratio Return per unit of total volatility	0.69	0.52	+0.17
Sortino ratio Return per unit of downside risk	1.16	0.83	+0.33
Omega ratio Gain probability vs. loss probability	1.16	1.15	+0.01
Calmar ratio Return relative to maximum drawdown	1.02	0.75	+0.27
Martin ratio Return relative to average drawdown	3.62	3.05	+0.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMAGX vs. DJIA - Sharpe Ratio Comparison

The current FMAGX Sharpe Ratio is 0.69, which is higher than the DJIA Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of FMAGX and DJIA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FMAGX	DJIA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	0.52	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.59	-0.04

Correlation

The correlation between FMAGX and DJIA is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FMAGX vs. DJIA - Dividend Comparison

FMAGX's dividend yield for the trailing twelve months is around 15.04%, more than DJIA's 11.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMAGX Fidelity Magellan Fund	15.04%	13.90%	6.12%	11.72%	5.02%	7.01%	0.30%	14.93%	10.83%	9.64%	2.92%	7.60%
DJIA Global X Dow 30 Covered Call ETF	11.42%	10.60%	11.44%	7.16%	9.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FMAGX vs. DJIA - Drawdown Comparison

The maximum FMAGX drawdown since its inception was -71.14%, which is greater than DJIA's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for FMAGX and DJIA.

Drawdown Indicators

	FMAGX	DJIA	Difference
Max Drawdown Largest peak-to-trough decline	-71.14%	-16.91%	-54.23%
Max Drawdown (1Y) Largest decline over 1 year	-14.00%	-9.20%	-4.80%
Max Drawdown (5Y) Largest decline over 5 years	-33.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.13%	—	—
Current Drawdown Current decline from peak	-11.17%	-5.23%	-5.94%
Average Drawdown Average peak-to-trough decline	-15.00%	-3.63%	-11.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	2.25%	+1.69%

Volatility

FMAGX vs. DJIA - Volatility Comparison

Fidelity Magellan Fund (FMAGX) has a higher volatility of 6.25% compared to Global X Dow 30 Covered Call ETF (DJIA) at 4.12%. This indicates that FMAGX's price experiences larger fluctuations and is considered to be riskier than DJIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMAGX	DJIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.25%	4.12%	+2.13%
Volatility (6M) Calculated over the trailing 6-month period	11.13%	6.08%	+5.05%
Volatility (1Y) Calculated over the trailing 1-year period	20.63%	13.05%	+7.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.06%	11.32%	+8.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.10%	11.32%	+8.78%