FTC vs. FMAG
Compare and contrast key facts about First Trust Large Cap Growth AlphaDEX Fund (FTC) and Fidelity Magellan ETF (FMAG).
FTC and FMAG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTC is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Large Cap Growth Index. It was launched on May 8, 2007. FMAG is an actively managed fund by Fidelity. It was launched on Feb 2, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTC or FMAG.
Correlation
The correlation between FTC and FMAG is 0.89, 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
FTC vs. FMAG - Performance Comparison
Key characteristics
FTC:
0.61
FMAG:
0.39
FTC:
0.97
FMAG:
0.69
FTC:
1.13
FMAG:
1.10
FTC:
0.62
FMAG:
0.43
FTC:
2.31
FMAG:
1.57
FTC:
5.80%
FMAG:
5.58%
FTC:
21.97%
FMAG:
22.70%
FTC:
-54.05%
FMAG:
-32.93%
FTC:
-11.54%
FMAG:
-10.48%
Returns By Period
The year-to-date returns for both investments are quite close, with FTC having a -4.74% return and FMAG slightly higher at -4.52%.
FTC
-4.74%
-2.85%
-1.26%
12.65%
15.03%
11.14%
FMAG
-4.52%
-1.10%
-4.03%
9.23%
N/A
N/A
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FTC vs. FMAG - Expense Ratio Comparison
FTC has a 0.60% expense ratio, which is higher than FMAG's 0.59% expense ratio.
Risk-Adjusted Performance
FTC vs. FMAG — Risk-Adjusted Performance Rank
FTC
FMAG
FTC vs. FMAG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Large Cap Growth AlphaDEX Fund (FTC) and Fidelity Magellan ETF (FMAG). 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
FTC vs. FMAG - Dividend Comparison
FTC's dividend yield for the trailing twelve months is around 0.36%, more than FMAG's 0.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTC First Trust Large Cap Growth AlphaDEX Fund | 0.36% | 0.32% | 0.65% | 0.91% | 0.00% | 0.40% | 0.64% | 0.35% | 0.40% | 0.86% | 0.52% | 0.76% |
FMAG Fidelity Magellan ETF | 0.14% | 0.15% | 0.34% | 0.23% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTC vs. FMAG - Drawdown Comparison
The maximum FTC drawdown since its inception was -54.05%, which is greater than FMAG's maximum drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for FTC and FMAG. For additional features, visit the drawdowns tool.
Volatility
FTC vs. FMAG - Volatility Comparison
The current volatility for First Trust Large Cap Growth AlphaDEX Fund (FTC) is 14.07%, while Fidelity Magellan ETF (FMAG) has a volatility of 14.84%. This indicates that FTC experiences smaller price fluctuations and is considered to be less risky than FMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.