Correlation
The correlation between FMGAX and FMGKX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
FMGAX vs. FMGKX
Compare and contrast key facts about Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) and Fidelity Magellan Fund Class K (FMGKX).
FMGAX is managed by Fidelity. It was launched on Mar 3, 1997. FMGKX is managed by Fidelity. It was launched on May 9, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMGAX or FMGKX.
Performance
FMGAX vs. FMGKX - Performance Comparison
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Key characteristics
FMGAX:
0.96
FMGKX:
0.65
FMGAX:
1.31
FMGKX:
0.97
FMGAX:
1.16
FMGKX:
1.13
FMGAX:
0.44
FMGKX:
0.68
FMGAX:
2.10
FMGKX:
2.35
FMGAX:
2.54%
FMGKX:
5.79%
FMGAX:
6.00%
FMGKX:
22.77%
FMGAX:
-19.21%
FMGKX:
-59.38%
FMGAX:
-7.95%
FMGKX:
-1.61%
Returns By Period
In the year-to-date period, FMGAX achieves a 1.59% return, which is significantly lower than FMGKX's 4.97% return. Over the past 10 years, FMGAX has underperformed FMGKX with an annualized return of 0.60%, while FMGKX has yielded a comparatively higher 13.15% annualized return.
FMGAX
1.59%
-1.23%
0.34%
5.79%
0.21%
-1.44%
0.60%
FMGKX
4.97%
9.32%
2.63%
14.65%
17.42%
14.97%
13.15%
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FMGAX vs. FMGKX - Expense Ratio Comparison
FMGAX has a 0.79% expense ratio, which is higher than FMGKX's 0.62% expense ratio.
Risk-Adjusted Performance
FMGAX vs. FMGKX — Risk-Adjusted Performance Rank
FMGAX
FMGKX
FMGAX vs. FMGKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) and Fidelity Magellan Fund Class K (FMGKX). 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
FMGAX vs. FMGKX - Dividend Comparison
FMGAX's dividend yield for the trailing twelve months is around 3.89%, less than FMGKX's 8.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMGAX Fidelity Advisor Mortgage Securities Fund Class A | 3.89% | 3.77% | 3.16% | 1.52% | 0.61% | 2.06% | 2.25% | 2.22% | 2.26% | 1.99% | 1.99% | 2.20% |
FMGKX Fidelity Magellan Fund Class K | 8.00% | 6.18% | 11.80% | 5.08% | 7.07% | 0.30% | 15.04% | 10.95% | 9.74% | 3.01% | 7.91% | 13.24% |
Drawdowns
FMGAX vs. FMGKX - Drawdown Comparison
The maximum FMGAX drawdown since its inception was -19.21%, smaller than the maximum FMGKX drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for FMGAX and FMGKX.
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Volatility
FMGAX vs. FMGKX - Volatility Comparison
The current volatility for Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) is 1.69%, while Fidelity Magellan Fund Class K (FMGKX) has a volatility of 4.53%. This indicates that FMGAX experiences smaller price fluctuations and is considered to be less risky than FMGKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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