FMAGX vs. DJIA
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMAGX or DJIA.
Performance
FMAGX vs. DJIA - Performance Comparison
Returns By Period
In the year-to-date period, FMAGX achieves a 26.71% return, which is significantly higher than DJIA's 13.94% return.
FMAGX
26.71%
1.23%
10.96%
29.85%
7.12%
6.65%
DJIA
13.94%
2.76%
10.21%
16.79%
N/A
N/A
Key characteristics
| FMAGX | DJIA | |
|---|---|---|
| Sharpe Ratio | 1.92 | 2.10 |
| Sortino Ratio | 2.59 | 3.05 |
| Omega Ratio | 1.36 | 1.43 |
| Calmar Ratio | 1.20 | 3.67 |
| Martin Ratio | 11.83 | 14.02 |
| Ulcer Index | 2.59% | 1.19% |
| Daily Std Dev | 15.96% | 7.92% |
| Max Drawdown | -61.25% | -16.91% |
| Current Drawdown | -2.02% | 0.00% |
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FMAGX vs. DJIA - Expense Ratio Comparison
FMAGX has a 0.68% expense ratio, which is higher than DJIA's 0.60% expense ratio.
Correlation
The correlation between FMAGX and DJIA is 0.60, 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.
Risk-Adjusted Performance
FMAGX vs. DJIA - Risk-Adjusted Performance 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.
Dividends
FMAGX vs. DJIA - Dividend Comparison
FMAGX's dividend yield for the trailing twelve months is around 0.29%, less than DJIA's 6.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAGX Fidelity Magellan Fund | 0.29% | 0.42% | 0.27% | 0.00% | 0.00% | 0.48% | 0.69% | 0.79% | 0.60% | 8.40% | 13.88% | 7.79% |
DJIA Global X Dow 30 Covered Call ETF | 6.79% | 7.16% | 9.18% | 0.00% | 0.00% | 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 -61.25%, 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. For additional features, visit the drawdowns tool.
Volatility
FMAGX vs. DJIA - Volatility Comparison
Fidelity Magellan Fund (FMAGX) has a higher volatility of 4.97% compared to Global X Dow 30 Covered Call ETF (DJIA) at 3.13%. 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.