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.
Correlation
The correlation between FMGKX and FXAIX is 0.93, 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.
Performance
FMGKX vs. FXAIX - Performance Comparison
Key characteristics
FMGKX:
1.25
FXAIX:
1.88
FMGKX:
1.73
FXAIX:
2.51
FMGKX:
1.23
FXAIX:
1.35
FMGKX:
0.93
FXAIX:
2.83
FMGKX:
6.58
FXAIX:
11.87
FMGKX:
3.14%
FXAIX:
2.02%
FMGKX:
16.60%
FXAIX:
12.77%
FMGKX:
-59.38%
FXAIX:
-33.79%
FMGKX:
-6.98%
FXAIX:
-3.94%
Returns By Period
In the year-to-date period, FMGKX achieves a 0.40% return, which is significantly higher than FXAIX's -0.62% return. Over the past 10 years, FMGKX has underperformed FXAIX with an annualized return of 6.49%, while FXAIX has yielded a comparatively higher 13.08% annualized return.
FMGKX
0.40%
-3.19%
-0.86%
20.24%
7.24%
6.49%
FXAIX
-0.62%
-3.35%
3.79%
23.82%
13.82%
13.08%
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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.
Dividends
FMGKX vs. FXAIX - Dividend Comparison
FMGKX's dividend yield for the trailing twelve months is around 0.29%, less than FXAIX's 1.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMGKX Fidelity Magellan Fund Class K | 0.29% | 0.29% | 0.49% | 0.33% | 0.00% | 0.00% | 0.56% | 0.79% | 0.87% | 0.69% | 8.62% | 14.10% |
FXAIX Fidelity 500 Index Fund | 1.25% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% |
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. For additional features, visit the drawdowns tool.
Volatility
FMGKX vs. FXAIX - Volatility Comparison
Fidelity Magellan Fund Class K (FMGKX) has a higher volatility of 4.96% compared to Fidelity 500 Index Fund (FXAIX) at 4.57%. This indicates that FMGKX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.