FMAGX vs. SPY
Compare and contrast key facts about Fidelity Magellan Fund (FMAGX) and SPDR S&P 500 ETF (SPY).
FMAGX is managed by Fidelity. It was launched on May 2, 1963. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMAGX or SPY.
Correlation
The correlation between FMAGX and SPY is 0.93, 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. SPY - Performance Comparison
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Key characteristics
FMAGX:
0.70
SPY:
0.69
FMAGX:
1.16
SPY:
1.17
FMAGX:
1.16
SPY:
1.18
FMAGX:
0.84
SPY:
0.80
FMAGX:
2.92
SPY:
3.08
FMAGX:
5.78%
SPY:
4.88%
FMAGX:
22.69%
SPY:
20.26%
FMAGX:
-61.25%
SPY:
-55.19%
FMAGX:
-1.00%
SPY:
-2.76%
Returns By Period
In the year-to-date period, FMAGX achieves a 5.60% return, which is significantly higher than SPY's 1.69% return. Both investments have delivered pretty close results over the past 10 years, with FMAGX having a 13.18% annualized return and SPY not far behind at 12.78%.
FMAGX
5.60%
16.70%
5.09%
15.71%
15.85%
13.18%
SPY
1.69%
12.88%
2.09%
13.66%
16.78%
12.78%
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FMAGX vs. SPY - Expense Ratio Comparison
FMAGX has a 0.68% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FMAGX vs. SPY — Risk-Adjusted Performance Rank
FMAGX
SPY
FMAGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan Fund (FMAGX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
FMAGX vs. SPY - Dividend Comparison
FMAGX's dividend yield for the trailing twelve months is around 7.90%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAGX Fidelity Magellan Fund | 7.90% | 6.12% | 11.72% | 5.02% | 7.01% | 0.30% | 14.93% | 10.83% | 9.64% | 2.92% | 8.40% | 13.88% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FMAGX vs. SPY - Drawdown Comparison
The maximum FMAGX drawdown since its inception was -61.25%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FMAGX and SPY. For additional features, visit the drawdowns tool.
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Volatility
FMAGX vs. SPY - Volatility Comparison
Fidelity Magellan Fund (FMAGX) has a higher volatility of 5.89% compared to SPDR S&P 500 ETF (SPY) at 5.51%. This indicates that FMAGX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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