VCNS.TO vs. FMAGX

Last updated Jun 4, 2026

VCNS.TO (Vanguard Conservative ETF Portfolio) and FMAGX (Fidelity Magellan Fund) are both funds - VCNS.TO is a Diversified Portfolio fund actively managed by Vanguard, while FMAGX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, VCNS.TO returned 4.95%/yr vs 16.34%/yr for FMAGX. A 0.66 correlation means they provide meaningful diversification when combined. VCNS.TO charges 0.25%/yr vs 0.68%/yr for FMAGX.

Performance

VCNS.TO vs. FMAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Conservative ETF Portfolio (VCNS.TO) and Fidelity Magellan Fund (FMAGX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VCNS.TO is traded in CAD, while FMAGX is traded in USD. To make them comparable, the FMAGX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VCNS.TO achieves a 5.71% return, which is significantly lower than FMAGX's 9.59% return.

VCNS.TO

• 1D: -0.26%
• 1M: 3.27%
• YTD: 5.71%
• 6M: 3.72%
• 1Y: 12.22%
• 3Y*: 9.78%
• 5Y*: 4.95%
• 10Y*: —

FMAGX

• 1D: 0.63%
• 1M: 6.32%
• YTD: 9.59%
• 6M: 7.68%
• 1Y: 13.85%
• 3Y*: 24.32%
• 5Y*: 16.34%
• 10Y*: 16.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VCNS.TO vs. FMAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VCNS.TO Vanguard Conservative ETF Portfolio	5.71%	8.13%	9.74%	10.32%	-11.72%	5.79%	9.46%	12.04%	257.13%
FMAGX Fidelity Magellan Fund	9.59%	10.94%	39.06%	28.15%	-21.99%	25.93%	26.17%	24.81%	-2.67%

Correlation

The correlation between VCNS.TO and FMAGX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Feb 2, 2018	0.66

The correlation between VCNS.TO and FMAGX has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

Return for Risk

VCNS.TO vs. FMAGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VCNS.TO

VCNS.TO Risk / Return Rank: 56
VCNS.TO Sharpe Ratio Rank: 57
VCNS.TO Sortino Ratio Rank: 57
VCNS.TO Omega Ratio Rank: 61
VCNS.TO Calmar Ratio Rank: 50
VCNS.TO Martin Ratio Rank: 57

FMAGX

FMAGX Risk / Return Rank: 12
FMAGX Sharpe Ratio Rank: 12
FMAGX Sortino Ratio Rank: 12
FMAGX Omega Ratio Rank: 12
FMAGX Calmar Ratio Rank: 10
FMAGX Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VCNS.TO vs. FMAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Conservative ETF Portfolio (VCNS.TO) and Fidelity Magellan Fund (FMAGX). 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.

	VCNS.TO	FMAGX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.03	+0.94
Sortino ratio: Return per unit of downside risk	2.78	1.49	+1.28
Omega ratio: Gain probability vs. loss probability	1.38	1.19	+0.18
Calmar ratio: Return relative to maximum drawdown	2.53	1.04	+1.49
Martin ratio: Return relative to average drawdown	10.00	3.18	+6.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VCNS.TO vs. FMAGX - Sharpe Ratio Comparison

The current VCNS.TO Sharpe Ratio is 1.97, which is higher than the FMAGX Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of VCNS.TO and FMAGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VCNS.TO	FMAGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	1.03	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.89	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.92	-0.67

Drawdowns

VCNS.TO vs. FMAGX - Drawdown Comparison

The maximum VCNS.TO drawdown since its inception was -18.04%, smaller than the maximum FMAGX drawdown of -29.82%. Use the drawdown chart below to compare losses from any high point for VCNS.TO and FMAGX.

Drawdown Indicators

	VCNS.TO	FMAGX	Difference
Max Drawdown Largest peak-to-trough decline	-18.04%	-29.82%	+11.78%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-14.15%	+9.29%
Max Drawdown (3Y) Largest decline over 3 years	-7.44%	-20.75%	+13.31%
Max Drawdown (5Y) Largest decline over 5 years	-15.73%	-29.82%	+14.09%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.82%	—
Current Drawdown Current decline from peak	-0.26%	0.00%	-0.26%
Average Drawdown Average peak-to-trough decline	-3.04%	-5.27%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	4.60%	-3.38%

Volatility

VCNS.TO vs. FMAGX - Volatility Comparison

The current volatility for Vanguard Conservative ETF Portfolio (VCNS.TO) is 2.44%, while Fidelity Magellan Fund (FMAGX) has a volatility of 3.99%. This indicates that VCNS.TO experiences smaller price fluctuations and is considered to be less risky than FMAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VCNS.TO	FMAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	3.99%	-1.55%
Volatility (6M) Calculated over the trailing 6-month period	5.31%	11.17%	-5.86%
Volatility (1Y) Calculated over the trailing 1-year period	6.22%	14.18%	-7.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.82%	18.40%	-11.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.48%	18.63%	+72.85%

VCNS.TO vs. FMAGX - Expense Ratio Comparison

VCNS.TO has a 0.25% expense ratio, which is lower than FMAGX's 0.68% expense ratio.

Dividends

VCNS.TO vs. FMAGX - Dividend Comparison

VCNS.TO's dividend yield for the trailing twelve months is around 2.43%, less than FMAGX's 6.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMAGX Fidelity Magellan Fund	6.34%	13.90%	6.12%	11.72%	5.02%	7.01%	0.30%	14.93%	10.83%	9.64%	2.92%	7.60%
VCNS.TO Vanguard Conservative ETF Portfolio	2.43%	2.54%	2.58%	2.57%	2.28%	2.09%	1.88%	2.28%	75.90%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VCNS.TO and FMAGX in my portfolio?

VCNS.TO and FMAGX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.