Correlation
The correlation between FMGKX and FMGAX 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.
FMGKX vs. FMGAX
Compare and contrast key facts about Fidelity Magellan Fund Class K (FMGKX) and Fidelity Advisor Mortgage Securities Fund Class A (FMGAX).
FMGKX is managed by Fidelity. It was launched on May 9, 2008. FMGAX is managed by Fidelity. It was launched on Mar 3, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMGKX or FMGAX.
Performance
FMGKX vs. FMGAX - Performance Comparison
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Key characteristics
FMGKX:
0.71
FMGAX:
0.94
FMGKX:
0.99
FMGAX:
1.24
FMGKX:
1.14
FMGAX:
1.15
FMGKX:
0.70
FMGAX:
0.43
FMGKX:
2.42
FMGAX:
1.98
FMGKX:
5.78%
FMGAX:
2.55%
FMGKX:
22.75%
FMGAX:
5.99%
FMGKX:
-59.38%
FMGAX:
-19.21%
FMGKX:
-1.34%
FMGAX:
-7.67%
Returns By Period
In the year-to-date period, FMGKX achieves a 5.25% return, which is significantly higher than FMGAX's 1.91% return. Over the past 10 years, FMGKX has outperformed FMGAX with an annualized return of 13.18%, while FMGAX has yielded a comparatively lower 0.64% annualized return.
FMGKX
5.25%
7.57%
2.25%
15.70%
17.89%
15.04%
13.18%
FMGAX
1.91%
-0.92%
0.35%
5.03%
0.48%
-1.38%
0.64%
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FMGKX vs. FMGAX - Expense Ratio Comparison
FMGKX has a 0.62% expense ratio, which is lower than FMGAX's 0.79% expense ratio.
Risk-Adjusted Performance
FMGKX vs. FMGAX — Risk-Adjusted Performance Rank
FMGKX
FMGAX
FMGKX vs. FMGAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan Fund Class K (FMGKX) and Fidelity Advisor Mortgage Securities Fund Class A (FMGAX). 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
FMGKX vs. FMGAX - Dividend Comparison
FMGKX's dividend yield for the trailing twelve months is around 7.98%, more than FMGAX's 3.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMGKX Fidelity Magellan Fund Class K | 7.98% | 6.18% | 11.80% | 5.08% | 7.07% | 0.30% | 15.04% | 10.95% | 9.74% | 3.01% | 7.91% | 13.24% |
FMGAX Fidelity Advisor Mortgage Securities Fund Class A | 3.59% | 3.77% | 3.16% | 1.52% | 0.61% | 2.06% | 2.25% | 2.22% | 2.26% | 1.99% | 1.99% | 2.20% |
Drawdowns
FMGKX vs. FMGAX - Drawdown Comparison
The maximum FMGKX drawdown since its inception was -59.38%, which is greater than FMGAX's maximum drawdown of -19.21%. Use the drawdown chart below to compare losses from any high point for FMGKX and FMGAX.
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Volatility
FMGKX vs. FMGAX - Volatility Comparison
Fidelity Magellan Fund Class K (FMGKX) has a higher volatility of 4.51% compared to Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) at 1.69%. This indicates that FMGKX's price experiences larger fluctuations and is considered to be riskier than FMGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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