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 a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FMGKX vs. FXAIX - Performance Comparison
Loading graphics...
FMGKX vs. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FMGKX achieves a -7.56% return, which is significantly lower than FXAIX's -4.34% return. Both investments have delivered pretty close results over the past 10 years, with FMGKX having a 14.00% annualized return and FXAIX not far ahead at 14.08%.
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%
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMGKX vs. FXAIX - Expense Ratio Comparison
FMGKX has a 0.62% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FMGKX vs. FXAIX — Risk / Return Rank
FMGKX
FXAIX
FMGKX vs. FXAIX - Risk-Adjusted Trends 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.
| FMGKX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 0.97 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.49 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.52 | -0.67 |
Martin ratioReturn relative to average drawdown | 3.01 | 7.30 | -4.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FMGKX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.97 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.70 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.78 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.76 | -0.33 |
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.
Dividends
FMGKX vs. FXAIX - Dividend Comparison
FMGKX's dividend yield for the trailing twelve months is around 15.04%, more than FXAIX's 1.16% 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% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
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.
Loading graphics...
Drawdown Indicators
| FMGKX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -33.79% | -25.59% |
Max Drawdown (1Y)Largest decline over 1 year | -13.95% | -12.13% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -33.05% | -24.50% | -8.55% |
Max Drawdown (10Y)Largest decline over 10 years | -33.05% | -33.79% | +0.74% |
Current DrawdownCurrent decline from peak | -11.12% | -6.23% | -4.89% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -3.83% | -7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 2.53% | +1.38% |
Volatility
FMGKX vs. FXAIX - Volatility Comparison
Fidelity Magellan Fund Class K (FMGKX) has a higher volatility of 6.28% compared to Fidelity 500 Index Fund (FXAIX) at 5.34%. 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.
Loading graphics...
Volatility by Period
| FMGKX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 5.34% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 9.53% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 18.32% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.14% | 16.92% | +3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 18.05% | +2.09% |