FMGKX vs. VINIX
Compare and contrast key facts about Fidelity Magellan Fund Class K (FMGKX) and Vanguard Institutional Index Fund Institutional Shares (VINIX).
FMGKX is managed by Fidelity. It was launched on May 9, 2008. VINIX is managed by Vanguard. It was launched on Jul 31, 1990.
Performance
FMGKX vs. VINIX - Performance Comparison
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FMGKX vs. VINIX - 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% |
VINIX Vanguard Institutional Index Fund Institutional Shares | -4.35% | 17.85% | 26.28% | 25.77% | -18.15% | 28.67% | 18.40% | 31.46% | -4.42% | 21.79% |
Returns By Period
In the year-to-date period, FMGKX achieves a -7.56% return, which is significantly lower than VINIX's -4.35% return. Both investments have delivered pretty close results over the past 10 years, with FMGKX having a 14.00% annualized return and VINIX not far ahead at 14.13%.
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%
VINIX
- 1D
- 2.92%
- 1M
- -5.03%
- YTD
- -4.35%
- 6M
- -2.15%
- 1Y
- 17.32%
- 3Y*
- 18.69%
- 5Y*
- 11.91%
- 10Y*
- 14.13%
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FMGKX vs. VINIX - Expense Ratio Comparison
FMGKX has a 0.62% expense ratio, which is higher than VINIX's 0.04% expense ratio.
Return for Risk
FMGKX vs. VINIX — Risk / Return Rank
FMGKX
VINIX
FMGKX vs. VINIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan Fund Class K (FMGKX) and Vanguard Institutional Index Fund Institutional Shares (VINIX). 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 | VINIX | 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 | -0.68 |
Martin ratioReturn relative to average drawdown | 3.01 | 7.30 | -4.29 |
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 | VINIX | 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 | 0.71 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.79 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.59 | -0.16 |
Correlation
The correlation between FMGKX and VINIX 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. VINIX - Dividend Comparison
FMGKX's dividend yield for the trailing twelve months is around 15.04%, more than VINIX's 2.80% 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% |
VINIX Vanguard Institutional Index Fund Institutional Shares | 2.80% | 2.10% | 3.64% | 2.65% | 3.38% | 4.77% | 3.06% | 2.85% | 2.43% | 1.82% | 2.36% | 2.45% |
Drawdowns
FMGKX vs. VINIX - Drawdown Comparison
The maximum FMGKX drawdown since its inception was -59.38%, which is greater than VINIX's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FMGKX and VINIX.
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Drawdown Indicators
| FMGKX | VINIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -55.19% | -4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -13.95% | -12.12% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -33.05% | -24.51% | -8.54% |
Max Drawdown (10Y)Largest decline over 10 years | -33.05% | -33.79% | +0.74% |
Current DrawdownCurrent decline from peak | -11.12% | -6.24% | -4.88% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -8.56% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 2.52% | +1.39% |
Volatility
FMGKX vs. VINIX - Volatility Comparison
Fidelity Magellan Fund Class K (FMGKX) has a higher volatility of 6.28% compared to Vanguard Institutional Index Fund Institutional Shares (VINIX) at 5.35%. This indicates that FMGKX's price experiences larger fluctuations and is considered to be riskier than VINIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMGKX | VINIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 5.35% | +0.93% |
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% | 16.90% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 18.04% | +2.10% |