FMGKX vs. FSKAX
Compare and contrast key facts about Fidelity Magellan Fund Class K (FMGKX) and Fidelity Total Market Index Fund (FSKAX).
FMGKX is managed by Fidelity. It was launched on May 9, 2008. FSKAX is managed by Fidelity.
Performance
FMGKX vs. FSKAX - Performance Comparison
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FMGKX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMGKX Fidelity Magellan Fund Class K | -10.50% | 16.35% | 32.08% | 31.15% | -27.11% | 27.08% | 28.49% | 31.42% | -5.67% | 26.60% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, FMGKX achieves a -10.50% return, which is significantly lower than FSKAX's -6.77% return. Both investments have delivered pretty close results over the past 10 years, with FMGKX having a 13.63% annualized return and FSKAX not far behind at 13.23%.
FMGKX
- 1D
- -0.59%
- 1M
- -9.10%
- YTD
- -10.50%
- 6M
- -13.09%
- 1Y
- 10.63%
- 3Y*
- 18.46%
- 5Y*
- 10.72%
- 10Y*
- 13.63%
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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FMGKX vs. FSKAX - Expense Ratio Comparison
FMGKX has a 0.62% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
FMGKX vs. FSKAX — Risk / Return Rank
FMGKX
FSKAX
FMGKX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan Fund Class K (FMGKX) and Fidelity Total Market Index Fund (FSKAX). 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.
| FMGKX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 0.83 | -0.30 |
Sortino ratioReturn per unit of downside risk | 0.92 | 1.29 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.04 | -0.49 |
Martin ratioReturn relative to average drawdown | 1.99 | 5.05 | -3.05 |
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
| FMGKX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.83 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.59 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.72 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.78 | -0.35 |
Correlation
The correlation between FMGKX and FSKAX 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
FMGKX vs. FSKAX - Dividend Comparison
FMGKX's dividend yield for the trailing twelve months is around 15.53%, more than FSKAX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMGKX Fidelity Magellan Fund Class K | 15.53% | 13.90% | 9.26% | 11.80% | 5.08% | 7.07% | 0.30% | 15.04% | 10.95% | 9.74% | 2.87% | 7.69% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FMGKX vs. FSKAX - Drawdown Comparison
The maximum FMGKX drawdown since its inception was -59.38%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FMGKX and FSKAX.
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Drawdown Indicators
| FMGKX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -35.01% | -24.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.95% | -12.42% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -33.05% | -25.39% | -7.66% |
Max Drawdown (10Y)Largest decline over 10 years | -33.05% | -35.01% | +1.96% |
Current DrawdownCurrent decline from peak | -13.95% | -8.92% | -5.03% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -4.05% | -6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 2.57% | +1.32% |
Volatility
FMGKX vs. FSKAX - Volatility Comparison
Fidelity Magellan Fund Class K (FMGKX) has a higher volatility of 5.14% compared to Fidelity Total Market Index Fund (FSKAX) at 4.42%. This indicates that FMGKX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMGKX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.42% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 9.40% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.43% | 18.50% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.09% | 17.38% | +2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.12% | 18.42% | +1.70% |