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INNO vs. FMAG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

INNO vs. FMAG

Last updated May 22, 2025

Compare and contrast key facts about Harbor Disruptive Innovation ETF (INNO) and Fidelity Magellan ETF (FMAG).

INNO and FMAG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INNO is an actively managed fund by Harbor. It was launched on Dec 1, 2021. 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: INNO or FMAG.

Correlation

The correlation between INNO and FMAG is 0.80, 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

INNO vs. FMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Disruptive Innovation ETF (INNO) and Fidelity Magellan ETF (FMAG). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Returns By Period

INNO

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

3Y*

N/A

5Y*

N/A

10Y*

N/A

FMAG

YTD

4.10%

1M

18.25%

6M

2.75%

1Y

13.36%

3Y*

19.92%

5Y*

N/A

10Y*

N/A

*Annualized

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Harbor Disruptive Innovation ETF

Fidelity Magellan ETF

INNO vs. FMAG - Expense Ratio Comparison

INNO has a 0.75% expense ratio, which is higher than FMAG's 0.59% expense ratio.

INNO
Harbor Disruptive Innovation ETF
FMAG
Fidelity Magellan ETF

Risk-Adjusted Performance

INNO vs. FMAG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
INNO
The Risk-Adjusted Performance Rank of INNO is 4545
Overall Rank
The Sharpe Ratio Rank of INNO is 4949
Sharpe Ratio Rank
The Sortino Ratio Rank of INNO is 4747
Sortino Ratio Rank
The Omega Ratio Rank of INNO is 4949
Omega Ratio Rank
The Calmar Ratio Rank of INNO is 3434
Calmar Ratio Rank
The Martin Ratio Rank of INNO is 4747
Martin Ratio Rank
FMAG
The Risk-Adjusted Performance Rank of FMAG is 6262
Overall Rank
The Sharpe Ratio Rank of FMAG is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of FMAG is 6161
Sortino Ratio Rank
The Omega Ratio Rank of FMAG is 6262
Omega Ratio Rank
The Calmar Ratio Rank of FMAG is 6969
Calmar Ratio Rank
The Martin Ratio Rank of FMAG is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

INNO vs. FMAG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Disruptive Innovation ETF (INNO) 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.

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Dividends

INNO vs. FMAG - Dividend Comparison

INNO has not paid dividends to shareholders, while FMAG's dividend yield for the trailing twelve months is around 0.12%.

TTM2024202320222021
INNO
Harbor Disruptive Innovation ETF		0.00%0.00%0.00%0.00%0.00%
FMAG
Fidelity Magellan ETF		0.12%0.15%0.34%0.23%0.03%

Drawdowns

INNO vs. FMAG - Drawdown Comparison

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Volatility

INNO vs. FMAG - Volatility Comparison

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