FTGS vs. FMAG

Last updated Aug 2, 2026

FTGS (First Trust Growth Strength ETF) and FMAG (Fidelity Magellan ETF) are both Large Cap Growth Equities funds. FTGS is passively managed, while FMAG is actively managed. Over the past 3 years, FTGS returned 16.23%/yr vs 17.29%/yr for FMAG. Their correlation of 0.84 means they have usually moved in the same direction. FTGS charges 0.60%/yr vs 0.57%/yr for FMAG.

Performance

FTGS vs. FMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Growth Strength ETF (FTGS) and Fidelity Magellan ETF (FMAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTGS achieves a 8.31% return, which is significantly higher than FMAG's 5.43% return.

FTGS

• 1D: 0.31%
• 1M: 1.32%
• 6M: 6.84%
• YTD: 8.31%
• 1Y: 11.48%
• 3Y*: 16.23%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.79%

FMAG

• 1D: 2.40%
• 1M: 0.21%
• 6M: 4.75%
• YTD: 5.43%
• 1Y: 4.36%
• 3Y*: 17.29%
• 5Y*: 9.42%
• 10Y*: —
• ALL TIME*: 11.41%

*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)
FMAG Fidelity Magellan ETF	$446.65K	$640.18K	$741.28K
FTGS First Trust Growth Strength ETF	$3.82M	$3.96M	$3.94M

FTGS vs. FMAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FTGS First Trust Growth Strength ETF	8.31%	12.78%	15.76%	33.69%	1.09%
FMAG Fidelity Magellan ETF	5.43%	10.40%	28.52%	31.25%	-0.40%

Correlation

The correlation between FTGS and FMAG is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022	0.84

The correlation between FTGS and FMAG shifts across timeframes, from 0.72 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

FTGS vs. FMAG - Sectors Allocation Comparison

Sectors	FTGS	FMAG
Technology	33.3%	45.8%
Healthcare	15.7%	3.1%
Financial Services	13.7%	7.2%
Industrials	13.7%	15.2%
Consumer Cyclical	7.8%	11.9%
Consumer Defensive	5.9%	1.6%
Communication Services	3.9%	10.4%
Basic Materials	2.0%	3.7%
Energy	2.0%	-
Real Estate	-	1.2%
Utilities	-	2.3%

Return for Risk

FTGS vs. FMAG — Risk / Return Rank

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

FTGS

FTGS Risk / Return Rank: 32
FTGS Sharpe Ratio Rank: 32
FTGS Sortino Ratio Rank: 31
FTGS Omega Ratio Rank: 29
FTGS Calmar Ratio Rank: 33
FTGS Martin Ratio Rank: 37

FMAG

FMAG Risk / Return Rank: 14
FMAG Sharpe Ratio Rank: 14
FMAG Sortino Ratio Rank: 14
FMAG Omega Ratio Rank: 13
FMAG Calmar Ratio Rank: 14
FMAG Martin Ratio Rank: 15

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.

FTGS vs. FMAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Growth Strength ETF (FTGS) 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.

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.

	FTGS	FMAG	Difference
Sharpe ratio: Return per unit of total volatility	0.78	0.16	+0.63
Sortino ratio: Return per unit of downside risk	1.18	0.34	+0.85
Omega ratio: Gain probability vs. loss probability	1.14	1.04	+0.10
Calmar ratio: Return relative to maximum drawdown	1.11	0.18	+0.93
Martin ratio: Return relative to average drawdown	3.71	0.61	+3.10

FTGS vs. FMAG - Sharpe Ratio Comparison

The current FTGS Sharpe Ratio is 0.78, which is higher than the FMAG Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of FTGS and FMAG, 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

FTGS vs. FMAG - Drawdown Comparison

The maximum FTGS drawdown since its inception was -19.99%, smaller than the maximum FMAG drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for FTGS and FMAG.

Drawdown Indicators

	FTGS	FMAG	Difference
Max Drawdown Largest peak-to-trough decline	-19.99%	-32.93%	+12.94%
Max Drawdown (1Y) Largest decline over 1 year	-9.47%	-13.97%	+4.50%
Max Drawdown (3Y) Largest decline over 3 years	-19.99%	-20.12%	+0.13%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.93%	—
Current Drawdown Current decline from peak	0.00%	-3.09%	+3.09%
Average Drawdown Average peak-to-trough decline	-2.70%	-8.81%	+6.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	4.19%	-1.35%

Volatility

FTGS vs. FMAG - Volatility Comparison

The current volatility for First Trust Growth Strength ETF (FTGS) is 3.24%, while Fidelity Magellan ETF (FMAG) has a volatility of 6.20%. This indicates that FTGS 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.

Volatility by Period

	FTGS	FMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	6.20%	-2.96%
Volatility (6M) Calculated over the trailing 6-month period	10.79%	13.82%	-3.03%
Volatility (1Y) Calculated over the trailing 1-year period	13.52%	16.38%	-2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	20.18%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	19.79%	-2.81%

FTGS vs. FMAG - Expense Ratio Comparison

FTGS has a 0.60% expense ratio, which is higher than FMAG's 0.57% expense ratio.

Dividends

FTGS vs. FMAG - Dividend Comparison

FTGS's dividend yield for the trailing twelve months is around 0.08%, which matches FMAG's 0.08% yield.

Position	TTM	2025	2024	2023	2022	2021
FMAG Fidelity Magellan ETF	0.08%	0.09%	0.15%	0.34%	0.23%	0.03%
FTGS First Trust Growth Strength ETF	0.08%	0.16%	0.39%	0.62%	0.21%	0.00%

Frequently Asked Questions

Can I hold both FTGS and FMAG in my portfolio?

FTGS and FMAG have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTGS or FMAG?

FMAG has higher volatility (6.20%) compared to FTGS (3.24%). In terms of maximum drawdown, FTGS dropped -19.99% vs FMAG's -32.93%.

Which ETF is better, FTGS or FMAG?

On 3-year performance, FMAG leads with 17.29% vs 16.23% for FTGS. On fees, FMAG is cheaper at 0.57% per year. On volatility, FTGS has been the lower-risk option at 3.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTGS or FMAG?

Over the 3-year period, FMAG has performed better with a 17.29% return vs 16.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTGS or FMAG?

FMAG is cheaper with a 0.57% expense ratio, compared with 0.60% for FTGS.

Which ETF pays a higher dividend yield, FTGS or FMAG?

FTGS and FMAG have nearly identical dividend yields, around 0.08%.

What is the main difference between FTGS and FMAG?

They also come from different issuers: First Trust and Fidelity. Their fees differ too: 0.60% for FTGS and 0.57% for FMAG.

Which has better risk-adjusted returns?

FTGS currently has the higher Sharpe Ratio (0.78 vs 0.16), 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.