FMAGX vs. VOO
Compare and contrast key facts about Fidelity Magellan Fund (FMAGX) and Vanguard S&P 500 ETF (VOO).
FMAGX is managed by Fidelity. It was launched on May 2, 1963. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
FMAGX vs. VOO - Performance Comparison
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FMAGX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMAGX Fidelity Magellan Fund | -7.56% | 16.27% | 28.06% | 31.04% | -27.18% | 27.08% | 28.34% | 31.26% | -5.70% | 26.49% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, FMAGX achieves a -7.56% return, which is significantly lower than VOO's -3.66% return. Both investments have delivered pretty close results over the past 10 years, with FMAGX having a 13.59% annualized return and VOO not far ahead at 14.14%.
FMAGX
- 1D
- 3.29%
- 1M
- -6.50%
- YTD
- -7.56%
- 6M
- -10.07%
- 1Y
- 13.29%
- 3Y*
- 18.46%
- 5Y*
- 10.32%
- 10Y*
- 13.59%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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FMAGX vs. VOO - Expense Ratio Comparison
FMAGX has a 0.68% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
FMAGX vs. VOO — Risk / Return Rank
FMAGX
VOO
FMAGX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan Fund (FMAGX) and Vanguard S&P 500 ETF (VOO). 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.
| FMAGX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 1.01 | -0.32 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.53 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.55 | -0.53 |
Martin ratioReturn relative to average drawdown | 3.62 | 7.31 | -3.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMAGX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.01 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.71 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.79 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.83 | -0.28 |
Correlation
The correlation between FMAGX and VOO is 0.94, 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.
Dividends
FMAGX vs. VOO - Dividend Comparison
FMAGX's dividend yield for the trailing twelve months is around 15.04%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMAGX Fidelity Magellan Fund | 15.04% | 13.90% | 6.12% | 11.72% | 5.02% | 7.01% | 0.30% | 14.93% | 10.83% | 9.64% | 2.92% | 7.60% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
FMAGX vs. VOO - Drawdown Comparison
The maximum FMAGX drawdown since its inception was -71.14%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FMAGX and VOO.
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Drawdown Indicators
| FMAGX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.14% | -33.99% | -37.15% |
Max Drawdown (1Y)Largest decline over 1 year | -14.00% | -11.98% | -2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -33.13% | -24.52% | -8.61% |
Max Drawdown (10Y)Largest decline over 10 years | -33.13% | -33.99% | +0.86% |
Current DrawdownCurrent decline from peak | -11.17% | -5.55% | -5.62% |
Average DrawdownAverage peak-to-trough decline | -15.00% | -3.72% | -11.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 2.55% | +1.39% |
Volatility
FMAGX vs. VOO - Volatility Comparison
Fidelity Magellan Fund (FMAGX) has a higher volatility of 6.25% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that FMAGX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMAGX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 5.34% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 11.13% | 9.47% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.63% | 18.11% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.06% | 16.82% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.10% | 17.99% | +2.11% |