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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMGKX or FSKAX.
Performance
FMGKX vs. FSKAX - Performance Comparison
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Key characteristics
FMGKX:
0.71
FSKAX:
0.69
FMGKX:
0.99
FSKAX:
1.00
FMGKX:
1.14
FSKAX:
1.14
FMGKX:
0.70
FSKAX:
0.64
FMGKX:
2.42
FSKAX:
2.39
FMGKX:
5.78%
FSKAX:
5.20%
FMGKX:
22.75%
FSKAX:
20.16%
FMGKX:
-59.38%
FSKAX:
-35.01%
FMGKX:
-1.34%
FSKAX:
-3.94%
Returns By Period
In the year-to-date period, FMGKX achieves a 5.25% return, which is significantly higher than FSKAX's 0.53% return. Over the past 10 years, FMGKX has outperformed FSKAX with an annualized return of 13.18%, while FSKAX has yielded a comparatively lower 12.12% annualized return.
FMGKX
5.25%
8.77%
2.25%
16.04%
17.89%
15.04%
13.18%
FSKAX
0.53%
6.40%
-2.49%
13.87%
13.74%
15.26%
12.12%
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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.
Risk-Adjusted Performance
FMGKX vs. FSKAX — Risk-Adjusted Performance Rank
FMGKX
FSKAX
FMGKX vs. FSKAX - Risk-Adjusted Performance 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.
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Dividends
FMGKX vs. FSKAX - Dividend Comparison
FMGKX's dividend yield for the trailing twelve months is around 7.98%, more than FSKAX's 1.09% 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% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.33% | 2.43% | 2.49% | 1.63% |
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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Volatility
FMGKX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Magellan Fund Class K (FMGKX) is 4.51%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.92%. This indicates that FMGKX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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