FMAGX vs. QQQ
Compare and contrast key facts about Fidelity Magellan Fund (FMAGX) and Invesco QQQ (QQQ).
FMAGX is managed by Fidelity. It was launched on May 2, 1963. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMAGX or QQQ.
Performance
FMAGX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FMAGX achieves a 26.71% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, FMAGX has underperformed QQQ with an annualized return of 6.65%, while QQQ has yielded a comparatively higher 18.03% annualized return.
FMAGX
26.71%
1.23%
10.96%
29.85%
7.12%
6.65%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| FMAGX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.92 | 1.78 |
| Sortino Ratio | 2.59 | 2.37 |
| Omega Ratio | 1.36 | 1.32 |
| Calmar Ratio | 1.20 | 2.28 |
| Martin Ratio | 11.83 | 8.27 |
| Ulcer Index | 2.59% | 3.73% |
| Daily Std Dev | 15.96% | 17.37% |
| Max Drawdown | -61.25% | -82.98% |
| Current Drawdown | -2.02% | -1.78% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMAGX vs. QQQ - Expense Ratio Comparison
FMAGX has a 0.68% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between FMAGX and QQQ is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FMAGX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan Fund (FMAGX) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
FMAGX's dividend yield for the trailing twelve months is around 0.29%, less than QQQ's 0.60% 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% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FMAGX vs. QQQ - Drawdown Comparison
The maximum FMAGX drawdown since its inception was -61.25%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FMAGX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FMAGX vs. QQQ - Volatility Comparison
The current volatility for Fidelity Magellan Fund (FMAGX) is 4.97%, while Invesco QQQ (QQQ) has a volatility of 5.41%. This indicates that FMAGX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.