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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMGKX or VINIX.
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.
Performance
FMGKX vs. VINIX - Performance Comparison
Key characteristics
FMGKX:
1.25
VINIX:
1.71
FMGKX:
1.73
VINIX:
2.29
FMGKX:
1.23
VINIX:
1.32
FMGKX:
0.93
VINIX:
2.63
FMGKX:
6.58
VINIX:
10.49
FMGKX:
3.14%
VINIX:
2.11%
FMGKX:
16.60%
VINIX:
12.97%
FMGKX:
-59.38%
VINIX:
-55.19%
FMGKX:
-6.98%
VINIX:
-5.26%
Returns By Period
In the year-to-date period, FMGKX achieves a 0.40% return, which is significantly higher than VINIX's -0.62% return. Over the past 10 years, FMGKX has underperformed VINIX with an annualized return of 6.49%, while VINIX has yielded a comparatively higher 13.09% annualized return.
FMGKX
0.40%
-3.19%
-0.86%
20.24%
7.24%
6.49%
VINIX
-0.62%
-4.67%
2.35%
22.08%
13.48%
13.09%
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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.
Risk-Adjusted Performance
FMGKX vs. VINIX — Risk-Adjusted Performance Rank
FMGKX
VINIX
FMGKX vs. VINIX - Risk-Adjusted Performance 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.
Dividends
FMGKX vs. VINIX - Dividend Comparison
FMGKX's dividend yield for the trailing twelve months is around 0.29%, less than VINIX's 0.95% 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% |
VINIX Vanguard Institutional Index Fund Institutional Shares | 0.95% | 0.94% | 1.47% | 1.74% | 1.28% | 1.59% | 1.91% | 2.13% | 1.82% | 2.07% | 2.45% | 1.88% |
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. For additional features, visit the drawdowns tool.
Volatility
FMGKX vs. VINIX - Volatility Comparison
Fidelity Magellan Fund Class K (FMGKX) and Vanguard Institutional Index Fund Institutional Shares (VINIX) have volatilities of 4.96% and 5.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.