Correlation
The correlation between RJMG 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.
RJMG vs. FMAG
Compare and contrast key facts about FT Raymond James Multicap Growth Equity ETF (RJMG) and Fidelity Magellan ETF (FMAG).
RJMG and FMAG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RJMG is an actively managed fund by First Trust. It was launched on Jan 16, 2024. 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: RJMG or FMAG.
Performance
RJMG vs. FMAG - Performance Comparison
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Key characteristics
RJMG:
0.25
FMAG:
0.65
RJMG:
0.47
FMAG:
0.97
RJMG:
1.06
FMAG:
1.13
RJMG:
0.20
FMAG:
0.68
RJMG:
0.64
FMAG:
2.35
RJMG:
7.84%
FMAG:
5.81%
RJMG:
23.62%
FMAG:
22.91%
RJMG:
-25.36%
FMAG:
-32.93%
RJMG:
-10.05%
FMAG:
-1.61%
Returns By Period
In the year-to-date period, RJMG achieves a -3.32% return, which is significantly lower than FMAG's 4.95% return.
RJMG
-3.32%
5.28%
-7.50%
5.93%
N/A
N/A
N/A
FMAG
4.95%
9.14%
2.63%
14.72%
17.54%
N/A
N/A
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RJMG vs. FMAG - Expense Ratio Comparison
RJMG has a 0.85% expense ratio, which is higher than FMAG's 0.59% expense ratio.
Risk-Adjusted Performance
RJMG vs. FMAG — Risk-Adjusted Performance Rank
RJMG
FMAG
RJMG vs. FMAG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Raymond James Multicap Growth Equity ETF (RJMG) 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
RJMG vs. FMAG - Dividend Comparison
RJMG has not paid dividends to shareholders, while FMAG's dividend yield for the trailing twelve months is around 0.12%.
TTM | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
RJMG FT Raymond James Multicap Growth Equity 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
RJMG vs. FMAG - Drawdown Comparison
The maximum RJMG drawdown since its inception was -25.36%, smaller than the maximum FMAG drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for RJMG and FMAG.
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Volatility
RJMG vs. FMAG - Volatility Comparison
FT Raymond James Multicap Growth Equity ETF (RJMG) and Fidelity Magellan ETF (FMAG) have volatilities of 4.74% and 4.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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