FMAGX vs. FDEGX
FMAGX (Fidelity Magellan Fund) and FDEGX (Fidelity Growth Strategies Fund) are both mutual funds - FMAGX is a Large Cap Growth Equities fund actively managed by Fidelity, while FDEGX is a Mid Cap Growth Equities fund actively managed by Fidelity. Both are actively managed. Over the past 10 years, FMAGX returned 14.75%/yr vs 11.32%/yr for FDEGX. Their correlation of 0.89 means they have usually moved in the same direction. FMAGX charges 0.64%/yr vs 0.69%/yr for FDEGX.
Performance
FMAGX vs. FDEGX - Performance Comparison
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Returns By Period
In the year-to-date period, FMAGX achieves a 5.24% return, which is significantly higher than FDEGX's 4.13% return. Over the past 10 years, FMAGX has outperformed FDEGX with an annualized return of 14.75%, while FDEGX has yielded a comparatively lower 11.32% annualized return.
FMAGX
- 1D
- 2.05%
- 1M
- -0.06%
- 6M
- 4.89%
- YTD
- 5.24%
- 1Y
- 4.46%
- 3Y*
- 19.11%
- 5Y*
- 10.33%
- 10Y*
- 14.75%
- ALL TIME*
- 11.41%
FDEGX
- 1D
- 0.48%
- 1M
- -6.20%
- 6M
- 3.37%
- YTD
- 4.13%
- 1Y
- -5.01%
- 3Y*
- 11.67%
- 5Y*
- 4.78%
- 10Y*
- 11.32%
- ALL TIME*
- 9.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FMAGX vs. FDEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMAGX Fidelity Magellan Fund | 5.24% | 16.27% | 28.06% | 31.04% | -27.18% | 27.08% | 28.34% | 31.26% | -5.70% | 26.49% |
FDEGX Fidelity Growth Strategies Fund | 4.13% | 2.88% | 26.57% | 20.93% | -26.50% | 21.30% | 29.34% | 36.59% | -6.92% | 21.03% |
Correlation
The correlation between FMAGX and FDEGX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 1990 | 0.89 |
The correlation between FMAGX and FDEGX has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
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Return for Risk
FMAGX vs. FDEGX — Risk / Return Rank
FMAGX
FDEGX
FMAGX vs. FDEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan Fund (FMAGX) and Fidelity Growth Strategies Fund (FDEGX). 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.
| FMAGX | FDEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.97 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.33 | +0.52 |
| Martin ratioReturn relative to average drawdown | 0.62 | -0.80 | +1.42 |
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Drawdowns
FMAGX vs. FDEGX - Drawdown Comparison
The maximum FMAGX drawdown since its inception was -71.14%, smaller than the maximum FDEGX drawdown of -85.96%. Use the drawdown chart below to compare losses from any high point for FMAGX and FDEGX.
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Drawdown Indicators
| FMAGX | FDEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -85.96% | +14.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.00% | -20.45% | +6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -20.10% | -26.04% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -33.13% | -36.62% | +3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -33.13% | -36.62% | +3.49% |
Current DrawdownCurrent decline from peak | -3.14% | -10.69% | +7.55% |
Average DrawdownAverage peak-to-trough decline | -14.92% | -36.68% | +21.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 8.45% | -4.30% |
Volatility
FMAGX vs. FDEGX - Volatility Comparison
The current volatility for Fidelity Magellan Fund (FMAGX) is 6.29%, while Fidelity Growth Strategies Fund (FDEGX) has a volatility of 7.75%. This indicates that FMAGX experiences smaller price fluctuations and is considered to be less risky than FDEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMAGX | FDEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 7.75% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.97% | 18.44% | -4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 24.04% | -7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.41% | 23.73% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 22.23% | -1.97% |
FMAGX vs. FDEGX - Expense Ratio Comparison
FMAGX has a 0.64% expense ratio, which is lower than FDEGX's 0.69% expense ratio.
Dividends
FMAGX vs. FDEGX - Dividend Comparison
FMAGX's dividend yield for the trailing twelve months is around 6.55%, while FDEGX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 0.00% | 0.00% | 7.89% | 0.05% | 0.00% | 14.15% | 8.37% | 3.65% | 0.75% | 0.05% | 0.59% | 0.13% |
FMAGX Fidelity Magellan Fund | 6.55% | 13.90% | 6.12% | 11.72% | 5.02% | 7.01% | 0.30% | 14.93% | 10.83% | 9.64% | 2.92% | 7.60% |
Frequently Asked Questions
FMAGX and FDEGX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDEGX has higher volatility (7.75%) compared to FMAGX (6.29%). In terms of maximum drawdown, FMAGX dropped -71.14% vs FDEGX's -85.96%.
FMAGX currently has the higher Sharpe Ratio (0.16 vs -0.28), 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.
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