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 0.91, 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
Key characteristics
FMAGX:
1.10
SPY:
1.95
FMAGX:
1.54
SPY:
2.60
FMAGX:
1.21
SPY:
1.36
FMAGX:
0.97
SPY:
2.98
FMAGX:
5.90
SPY:
12.44
FMAGX:
3.21%
SPY:
2.02%
FMAGX:
17.21%
SPY:
12.89%
FMAGX:
-61.25%
SPY:
-55.19%
FMAGX:
-5.08%
SPY:
-1.70%
Returns By Period
In the year-to-date period, FMAGX achieves a 2.43% return, which is significantly higher than SPY's 2.27% return. Over the past 10 years, FMAGX has underperformed SPY with an annualized return of 6.59%, while SPY has yielded a comparatively higher 13.64% annualized return.
FMAGX
2.43%
0.80%
6.18%
18.29%
7.59%
6.59%
SPY
2.27%
0.73%
10.73%
24.55%
14.69%
13.64%
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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.
Dividends
FMAGX vs. SPY - Dividend Comparison
FMAGX's dividend yield for the trailing twelve months is around 0.22%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAGX Fidelity Magellan Fund | 0.22% | 0.23% | 0.42% | 0.27% | 0.00% | 0.00% | 0.48% | 0.69% | 0.79% | 0.60% | 8.40% | 13.88% |
SPY SPDR S&P 500 ETF | 1.18% | 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.
Volatility
FMAGX vs. SPY - Volatility Comparison
Fidelity Magellan Fund (FMAGX) has a higher volatility of 5.93% compared to SPDR S&P 500 ETF (SPY) at 4.26%. 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.