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.
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.
Performance
FMAGX vs. QQQ - Performance Comparison
Key characteristics
FMAGX:
1.45
QQQ:
1.64
FMAGX:
1.97
QQQ:
2.19
FMAGX:
1.27
QQQ:
1.30
FMAGX:
0.97
QQQ:
2.16
FMAGX:
8.54
QQQ:
7.79
FMAGX:
2.79%
QQQ:
3.76%
FMAGX:
16.50%
QQQ:
17.85%
FMAGX:
-61.25%
QQQ:
-82.98%
FMAGX:
-6.55%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, FMAGX achieves a 21.75% return, which is significantly lower than QQQ's 27.20% return. Over the past 10 years, FMAGX has underperformed QQQ with an annualized return of 6.09%, while QQQ has yielded a comparatively higher 18.36% annualized return.
FMAGX
21.75%
-3.35%
1.70%
22.45%
8.23%
6.09%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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FMAGX vs. QQQ - Expense Ratio Comparison
FMAGX has a 0.68% expense ratio, which is higher than QQQ's 0.20% expense ratio.
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 0.05%, less than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAGX Fidelity Magellan Fund | 0.05% | 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 | 0.43% | 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
Fidelity Magellan Fund (FMAGX) and Invesco QQQ (QQQ) have volatilities of 5.21% and 5.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.