FMAGX vs. FFIDX
FMAGX (Fidelity Magellan Fund) and FFIDX (Fidelity Fund) are both Large Cap Growth Equities funds from Fidelity. Both are actively managed. Over the past 10 years, FMAGX returned 14.44%/yr vs 15.12%/yr for FFIDX. Their correlation of 0.95 means they have usually moved in the same direction. FMAGX charges 0.64%/yr vs 0.42%/yr for FFIDX.
Performance
FMAGX vs. FFIDX - Performance Comparison
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Returns By Period
In the year-to-date period, FMAGX achieves a 3.12% return, which is significantly lower than FFIDX's 4.05% return. Both investments have delivered pretty close results over the past 10 years, with FMAGX having a 14.44% annualized return and FFIDX not far ahead at 15.12%.
FMAGX
- 1D
- 3.00%
- 1M
- -2.08%
- 6M
- 2.64%
- YTD
- 3.12%
- 1Y
- 2.36%
- 3Y*
- 18.41%
- 5Y*
- 9.88%
- 10Y*
- 14.44%
- ALL TIME*
- 11.37%
FFIDX
- 1D
- 1.32%
- 1M
- 0.58%
- 6M
- 2.93%
- YTD
- 4.05%
- 1Y
- 15.19%
- 3Y*
- 18.87%
- 5Y*
- 11.19%
- 10Y*
- 15.12%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FFIDX Fidelity Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FMAGX vs. FFIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMAGX Fidelity Magellan Fund | 3.12% | 16.27% | 28.06% | 31.04% | -27.18% | 27.08% | 28.34% | 31.26% | -5.70% | 26.49% |
FFIDX Fidelity Fund | 4.05% | 20.04% | 27.13% | 30.93% | -25.88% | 33.22% | 26.43% | 33.46% | -5.31% | 23.28% |
Correlation
The correlation between FMAGX and FFIDX is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1980 | 0.95 |
The correlation between FMAGX and FFIDX shifts across timeframes, from 0.80 (1 year) to 0.95 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FMAGX vs. FFIDX — Risk / Return Rank
FMAGX
FFIDX
FMAGX vs. FFIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan Fund (FMAGX) and Fidelity Fund (FFIDX). 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 | FFIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.19 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 1.26 | -1.21 |
| Martin ratioReturn relative to average drawdown | 0.18 | 5.03 | -4.85 |
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Drawdowns
FMAGX vs. FFIDX - Drawdown Comparison
The maximum FMAGX drawdown since its inception was -71.14%, which is greater than FFIDX's maximum drawdown of -55.35%. Use the drawdown chart below to compare losses from any high point for FMAGX and FFIDX.
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Drawdown Indicators
| FMAGX | FFIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -55.35% | -15.79% |
Max Drawdown (1Y)Largest decline over 1 year | -14.00% | -10.87% | -3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -20.10% | -22.42% | +2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -33.13% | -30.33% | -2.80% |
Max Drawdown (10Y)Largest decline over 10 years | -33.13% | -30.66% | -2.47% |
Current DrawdownCurrent decline from peak | -5.09% | -0.84% | -4.25% |
Average DrawdownAverage peak-to-trough decline | -14.92% | -11.82% | -3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 2.72% | +1.43% |
Volatility
FMAGX vs. FFIDX - Volatility Comparison
Fidelity Magellan Fund (FMAGX) has a higher volatility of 5.93% compared to Fidelity Fund (FFIDX) at 3.34%. This indicates that FMAGX's price experiences larger fluctuations and is considered to be riskier than FFIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMAGX | FFIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 3.34% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 13.82% | 9.81% | +4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 12.96% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.40% | 19.20% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.25% | 19.41% | +0.84% |
FMAGX vs. FFIDX - Expense Ratio Comparison
FMAGX has a 0.64% expense ratio, which is higher than FFIDX's 0.42% expense ratio.
Dividends
FMAGX vs. FFIDX - Dividend Comparison
FMAGX's dividend yield for the trailing twelve months is around 6.68%, more than FFIDX's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIDX Fidelity Fund | 1.13% | 1.18% | 0.00% | 2.41% | 0.67% | 4.60% | 2.71% | 5.41% | 7.40% | 11.12% | 7.01% | 5.48% |
FMAGX Fidelity Magellan Fund | 6.68% | 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 FFIDX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMAGX has higher volatility (5.93%) compared to FFIDX (3.34%). In terms of maximum drawdown, FMAGX dropped -71.14% vs FFIDX's -55.35%.
FFIDX currently has the higher Sharpe Ratio (1.06 vs 0.05), 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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