FMGKX vs. FSPSX
Compare and contrast key facts about Fidelity Magellan Fund Class K (FMGKX) and Fidelity International Index Fund (FSPSX).
FMGKX is managed by Fidelity. It was launched on May 9, 2008. FSPSX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI ex USA IMI Index. It was launched on Nov 5, 1997.
Performance
FMGKX vs. FSPSX - Performance Comparison
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FMGKX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMGKX Fidelity Magellan Fund Class K | -7.56% | 16.35% | 32.08% | 31.15% | -27.11% | 27.08% | 28.49% | 31.42% | -5.67% | 26.60% |
FSPSX Fidelity International Index Fund | 0.95% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
Returns By Period
In the year-to-date period, FMGKX achieves a -7.56% return, which is significantly lower than FSPSX's 0.95% return. Over the past 10 years, FMGKX has outperformed FSPSX with an annualized return of 14.00%, while FSPSX has yielded a comparatively lower 8.97% annualized return.
FMGKX
- 1D
- 3.29%
- 1M
- -6.56%
- YTD
- -7.56%
- 6M
- -10.07%
- 1Y
- 13.37%
- 3Y*
- 19.74%
- 5Y*
- 11.06%
- 10Y*
- 14.00%
FSPSX
- 1D
- 2.95%
- 1M
- -6.35%
- YTD
- 0.95%
- 6M
- 5.01%
- 1Y
- 22.97%
- 3Y*
- 14.61%
- 5Y*
- 8.36%
- 10Y*
- 8.97%
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FMGKX vs. FSPSX - Expense Ratio Comparison
FMGKX has a 0.62% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FMGKX vs. FSPSX — Risk / Return Rank
FMGKX
FSPSX
FMGKX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan Fund Class K (FMGKX) and Fidelity International Index Fund (FSPSX). 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 | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.39 | -0.69 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.90 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.94 | -1.09 |
Martin ratioReturn relative to average drawdown | 3.01 | 7.43 | -4.42 |
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 | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.39 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.53 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.55 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.47 | -0.04 |
Correlation
The correlation between FMGKX and FSPSX is 0.71, 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. FSPSX - Dividend Comparison
FMGKX's dividend yield for the trailing twelve months is around 15.04%, more than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMGKX Fidelity Magellan Fund Class K | 15.04% | 13.90% | 9.26% | 11.80% | 5.08% | 7.07% | 0.30% | 15.04% | 10.95% | 9.74% | 2.87% | 7.69% |
FSPSX Fidelity International Index Fund | 3.12% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FMGKX vs. FSPSX - Drawdown Comparison
The maximum FMGKX drawdown since its inception was -59.38%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FMGKX and FSPSX.
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Drawdown Indicators
| FMGKX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -33.69% | -25.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.95% | -11.39% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -33.05% | -29.41% | -3.64% |
Max Drawdown (10Y)Largest decline over 10 years | -33.05% | -33.69% | +0.64% |
Current DrawdownCurrent decline from peak | -11.12% | -8.22% | -2.90% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -6.60% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 2.97% | +0.94% |
Volatility
FMGKX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Magellan Fund Class K (FMGKX) is 6.28%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.65%. This indicates that FMGKX experiences smaller price fluctuations and is considered to be less risky than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMGKX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 7.65% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 11.01% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 17.00% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.14% | 15.82% | +4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 16.49% | +3.65% |