FMKFX vs. AWYIX

Last updated Aug 1, 2026

FMKFX (Fidelity Magellan K6 Fund) and AWYIX (CIBC Atlas Equity Income Fund) are both mutual funds - FMKFX is a Large Cap Growth Equities fund managed by Fidelity, while AWYIX is a Dividend fund managed by CIBC Private Wealth Management. Over the past 5 years, FMKFX returned 9.90%/yr vs 7.12%/yr for AWYIX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. FMKFX charges 0.45%/yr vs 0.95%/yr for AWYIX.

Performance

FMKFX vs. AWYIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Magellan K6 Fund (FMKFX) and CIBC Atlas Equity Income Fund (AWYIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMKFX achieves a 3.27% return, which is significantly higher than AWYIX's 3.06% return.

FMKFX

• 1D: 3.03%
• 1M: -2.06%
• 6M: 2.71%
• YTD: 3.27%
• 1Y: 2.58%
• 3Y*: 18.18%
• 5Y*: 9.90%
• 10Y*: —
• ALL TIME*: 14.85%

AWYIX

• 1D: 0.31%
• 1M: -0.45%
• 6M: 1.94%
• YTD: 3.06%
• 1Y: 8.92%
• 3Y*: 11.30%
• 5Y*: 7.12%
• 10Y*: —
• ALL TIME*: 11.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AWYIX CIBC Atlas Equity Income Fund	$0.00	$0.00	$0.00
FMKFX Fidelity Magellan K6 Fund	$0.00	$0.00	$0.00

FMKFX vs. AWYIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FMKFX Fidelity Magellan K6 Fund	3.27%	10.90%	33.14%	31.33%	-26.85%	27.53%	29.14%	11.22%
AWYIX CIBC Atlas Equity Income Fund	3.06%	7.66%	18.19%	16.39%	-15.59%	29.51%	12.75%	15.44%

Correlation

The correlation between FMKFX and AWYIX is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019	0.80

Over the past year, the correlation between FMKFX and AWYIX has dropped to 0.49 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

FMKFX vs. AWYIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FMKFX

FMKFX Risk / Return Rank: 5
FMKFX Sharpe Ratio Rank: 5
FMKFX Sortino Ratio Rank: 5
FMKFX Omega Ratio Rank: 5
FMKFX Calmar Ratio Rank: 5
FMKFX Martin Ratio Rank: 5

AWYIX

AWYIX Risk / Return Rank: 20
AWYIX Sharpe Ratio Rank: 19
AWYIX Sortino Ratio Rank: 19
AWYIX Omega Ratio Rank: 19
AWYIX Calmar Ratio Rank: 18
AWYIX Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FMKFX vs. AWYIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Magellan K6 Fund (FMKFX) and CIBC Atlas Equity Income Fund (AWYIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FMKFX	AWYIX	Difference
Sharpe ratio: Return per unit of total volatility	0.06	0.70	-0.64
Sortino ratio: Return per unit of downside risk	0.20	1.05	-0.85
Omega ratio: Gain probability vs. loss probability	1.02	1.13	-0.10
Calmar ratio: Return relative to maximum drawdown	0.07	0.86	-0.78
Martin ratio: Return relative to average drawdown	0.25	3.23	-2.98

FMKFX vs. AWYIX - Sharpe Ratio Comparison

The current FMKFX Sharpe Ratio is 0.06, which is lower than the AWYIX Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of FMKFX and AWYIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FMKFX vs. AWYIX - Drawdown Comparison

The maximum FMKFX drawdown since its inception was -32.73%, smaller than the maximum AWYIX drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for FMKFX and AWYIX.

Drawdown Indicators

	FMKFX	AWYIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.73%	-35.79%	+3.06%
Max Drawdown (1Y) Largest decline over 1 year	-13.86%	-8.35%	-5.51%
Max Drawdown (3Y) Largest decline over 3 years	-20.05%	-18.72%	-1.33%
Max Drawdown (5Y) Largest decline over 5 years	-32.73%	-19.82%	-12.91%
Current Drawdown Current decline from peak	-5.07%	-1.05%	-4.02%
Average Drawdown Average peak-to-trough decline	-7.62%	-4.95%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	2.22%	+1.86%

Volatility

FMKFX vs. AWYIX - Volatility Comparison

Fidelity Magellan K6 Fund (FMKFX) has a higher volatility of 5.98% compared to CIBC Atlas Equity Income Fund (AWYIX) at 2.78%. This indicates that FMKFX's price experiences larger fluctuations and is considered to be riskier than AWYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMKFX	AWYIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.98%	2.78%	+3.20%
Volatility (6M) Calculated over the trailing 6-month period	13.84%	7.54%	+6.30%
Volatility (1Y) Calculated over the trailing 1-year period	16.54%	10.24%	+6.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.42%	14.42%	+6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.34%	17.76%	+4.58%

FMKFX vs. AWYIX - Expense Ratio Comparison

FMKFX has a 0.45% expense ratio, which is lower than AWYIX's 0.95% expense ratio.

Dividends

FMKFX vs. AWYIX - Dividend Comparison

FMKFX's dividend yield for the trailing twelve months is around 6.39%, more than AWYIX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AWYIX CIBC Atlas Equity Income Fund	2.12%	1.74%	5.77%	1.80%	3.23%	6.35%	6.87%	3.82%	6.79%
FMKFX Fidelity Magellan K6 Fund	6.39%	7.74%	9.56%	2.33%	0.31%	4.10%	0.33%	0.28%	0.00%

Frequently Asked Questions

Can I hold both FMKFX and AWYIX in my portfolio?

FMKFX and AWYIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMKFX or AWYIX?

FMKFX has higher volatility (5.98%) compared to AWYIX (2.78%). In terms of maximum drawdown, FMKFX dropped -32.73% vs AWYIX's -35.79%.

Which has better risk-adjusted returns?

AWYIX currently has the higher Sharpe Ratio (0.70 vs 0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.