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.
Performance
FMAGX vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FMAGX having a 26.79% return and SPY slightly lower at 26.47%. Over the past 10 years, FMAGX has underperformed SPY with an annualized return of 6.65%, while SPY has yielded a comparatively higher 13.14% annualized return.
FMAGX
26.79%
2.36%
10.33%
29.94%
7.12%
6.65%
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| FMAGX | SPY | |
|---|---|---|
| Sharpe Ratio | 1.88 | 2.69 |
| Sortino Ratio | 2.54 | 3.59 |
| Omega Ratio | 1.35 | 1.50 |
| Calmar Ratio | 1.17 | 3.88 |
| Martin Ratio | 11.56 | 17.47 |
| Ulcer Index | 2.59% | 1.87% |
| Daily Std Dev | 15.95% | 12.14% |
| Max Drawdown | -61.25% | -55.19% |
| Current Drawdown | -1.96% | -0.54% |
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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.
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.
Risk-Adjusted Performance
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 0.29%, less than SPY's 1.18% 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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 4.96% compared to SPDR S&P 500 ETF (SPY) at 3.98%. 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.