GGUS vs. FMAG
Compare and contrast key facts about Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) and Fidelity Magellan ETF (FMAG).
GGUS and FMAG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGUS is a passively managed fund by Goldman Sachs that tracks the performance of the Russell 1000 Growth 40 Act Daily Capped Index - Benchmark TR Gross. It was launched on Nov 28, 2023. 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: GGUS or FMAG.
Correlation
The correlation between GGUS and FMAG 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
GGUS vs. FMAG - Performance Comparison
Key characteristics
GGUS:
1.64
FMAG:
1.35
GGUS:
2.21
FMAG:
1.86
GGUS:
1.29
FMAG:
1.25
GGUS:
2.30
FMAG:
2.21
GGUS:
8.80
FMAG:
8.29
GGUS:
3.04%
FMAG:
2.72%
GGUS:
16.34%
FMAG:
16.72%
GGUS:
-11.62%
FMAG:
-32.93%
GGUS:
-0.28%
FMAG:
-1.44%
Returns By Period
In the year-to-date period, GGUS achieves a 4.06% return, which is significantly lower than FMAG's 5.12% return.
GGUS
4.06%
3.18%
13.17%
28.92%
N/A
N/A
FMAG
5.12%
1.80%
8.20%
24.08%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GGUS vs. FMAG - Expense Ratio Comparison
GGUS has a 0.12% expense ratio, which is lower than FMAG's 0.59% expense ratio.
Risk-Adjusted Performance
GGUS vs. FMAG — Risk-Adjusted Performance Rank
GGUS
FMAG
GGUS vs. FMAG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) 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
GGUS vs. FMAG - Dividend Comparison
GGUS's dividend yield for the trailing twelve months is around 0.89%, more than FMAG's 0.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
GGUS Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF | 0.89% | 0.93% | 0.00% | 0.00% | 0.00% |
FMAG Fidelity Magellan ETF | 0.14% | 0.15% | 0.34% | 0.23% | 0.03% |
Drawdowns
GGUS vs. FMAG - Drawdown Comparison
The maximum GGUS drawdown since its inception was -11.62%, smaller than the maximum FMAG drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for GGUS and FMAG. For additional features, visit the drawdowns tool.
Volatility
GGUS vs. FMAG - Volatility Comparison
The current volatility for Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is 4.75%, while Fidelity Magellan ETF (FMAG) has a volatility of 5.81%. This indicates that GGUS 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.