Correlation
The correlation between FMGKX and FXAIX 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. FXAIX
Compare and contrast key facts about Fidelity Magellan Fund Class K (FMGKX) and Fidelity 500 Index Fund (FXAIX).
FMGKX is managed by Fidelity. It was launched on May 9, 2008. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMGKX or FXAIX.
Performance
FMGKX vs. FXAIX - Performance Comparison
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Key characteristics
FMGKX:
0.71
FXAIX:
0.75
FMGKX:
0.99
FXAIX:
1.07
FMGKX:
1.14
FXAIX:
1.15
FMGKX:
0.70
FXAIX:
0.72
FMGKX:
2.42
FXAIX:
2.73
FMGKX:
5.78%
FXAIX:
4.85%
FMGKX:
22.75%
FXAIX:
19.78%
FMGKX:
-59.38%
FXAIX:
-33.79%
FMGKX:
-1.34%
FXAIX:
-3.14%
Returns By Period
In the year-to-date period, FMGKX achieves a 5.25% return, which is significantly higher than FXAIX's 1.34% return. Both investments have delivered pretty close results over the past 10 years, with FMGKX having a 13.18% annualized return and FXAIX not far behind at 12.68%.
FMGKX
5.25%
8.77%
2.25%
16.04%
17.89%
15.04%
13.18%
FXAIX
1.34%
6.29%
-1.07%
14.76%
14.51%
16.00%
12.68%
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FMGKX vs. FXAIX - Expense Ratio Comparison
FMGKX has a 0.62% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FMGKX vs. FXAIX — Risk-Adjusted Performance Rank
FMGKX
FXAIX
FMGKX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan Fund Class K (FMGKX) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
FMGKX's dividend yield for the trailing twelve months is around 7.98%, more than FXAIX's 1.55% 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% |
FXAIX Fidelity 500 Index Fund | 1.55% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.08% |
Drawdowns
FMGKX vs. FXAIX - Drawdown Comparison
The maximum FMGKX drawdown since its inception was -59.38%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FMGKX and FXAIX.
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Volatility
FMGKX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Magellan Fund Class K (FMGKX) is 4.51%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.77%. This indicates that FMGKX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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