WINN vs. FMAG

Last updated Jun 3, 2026

WINN (Harbor Long-Term Growers ETF) and FMAG (Fidelity Magellan ETF) are both exchange-traded funds - WINN is a Large Cap Growth Equities fund actively managed by Harbor, while FMAG is a Global Equities fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, WINN returned 23.93%/yr vs 21.16%/yr for FMAG. Their correlation of 0.92 suggests significant overlap in exposure. WINN charges 0.57%/yr vs 0.59%/yr for FMAG.

Performance

WINN vs. FMAG - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with WINN having a 8.60% return and FMAG slightly higher at 8.79%.

WINN

• 1D: -0.68%
• 1M: 6.86%
• YTD: 8.60%
• 6M: 7.07%
• 1Y: 22.26%
• 3Y*: 23.93%
• 5Y*: —
• 10Y*: —

FMAG

• 1D: 0.19%
• 1M: 4.20%
• YTD: 8.79%
• 6M: 8.19%
• 1Y: 13.37%
• 3Y*: 21.16%
• 5Y*: 12.31%
• 10Y*: —

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

WINN vs. FMAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WINN Harbor Long-Term Growers ETF	8.60%	14.31%	31.64%	52.44%	-26.67%
FMAG Fidelity Magellan ETF	8.79%	10.40%	28.52%	31.25%	-16.68%

Correlation

The correlation between WINN and FMAG is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 4, 2022	0.92

The correlation between WINN and FMAG has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

WINN vs. FMAG - Sectors Allocation Comparison

Sectors	WINN	FMAG
Technology	49.2%	38.9%
Communication Services	15.9%	6.1%
Consumer Cyclical	13.3%	12.6%
Healthcare	6.8%	4.4%
Financial Services	5.1%	14.3%
Industrials	4.9%	16.1%
Consumer Defensive	2.9%	1.9%
Utilities	1.4%	2.3%
Real Estate	0.4%	1.4%
Basic Materials	-	4.3%
Energy	-	-

Return for Risk

WINN vs. FMAG — Risk / Return Rank

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

WINN

WINN Risk / Return Rank: 33
WINN Sharpe Ratio Rank: 38
WINN Sortino Ratio Rank: 37
WINN Omega Ratio Rank: 37
WINN Calmar Ratio Rank: 27
WINN Martin Ratio Rank: 28

FMAG

FMAG Risk / Return Rank: 25
FMAG Sharpe Ratio Rank: 27
FMAG Sortino Ratio Rank: 26
FMAG Omega Ratio Rank: 25
FMAG Calmar Ratio Rank: 22
FMAG Martin Ratio Rank: 25

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.

WINN vs. FMAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Long-Term Growers ETF (WINN) 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.

	WINN	FMAG	Difference
Sharpe ratio Return per unit of total volatility	1.39	0.94	+0.45
Sortino ratio Return per unit of downside risk	1.94	1.40	+0.53
Omega ratio Gain probability vs. loss probability	1.25	1.17	+0.08
Calmar ratio Return relative to maximum drawdown	1.29	1.00	+0.29
Martin ratio Return relative to average drawdown	4.05	3.55	+0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WINN vs. FMAG - Sharpe Ratio Comparison

The current WINN Sharpe Ratio is 1.39, which is higher than the FMAG Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of WINN 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.

Sharpe Ratios by Period

	WINN	FMAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	0.94	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.63	+0.01

Drawdowns

WINN vs. FMAG - Drawdown Comparison

The maximum WINN drawdown since its inception was -32.07%, roughly equal to the maximum FMAG drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for WINN and FMAG.

Drawdown Indicators

	WINN	FMAG	Difference
Max Drawdown Largest peak-to-trough decline	-32.07%	-32.93%	+0.86%
Max Drawdown (1Y) Largest decline over 1 year	-18.06%	-13.97%	-4.09%
Max Drawdown (3Y) Largest decline over 3 years	-23.66%	-20.12%	-3.54%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.93%	—
Current Drawdown Current decline from peak	-0.68%	0.00%	-0.68%
Average Drawdown Average peak-to-trough decline	-9.10%	-8.99%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.77%	3.95%	+1.82%

Volatility

WINN vs. FMAG - Volatility Comparison

Harbor Long-Term Growers ETF (WINN) and Fidelity Magellan ETF (FMAG) have volatilities of 3.71% and 3.58%, 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.

Volatility by Period

	WINN	FMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	3.58%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	12.19%	11.33%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	16.09%	14.22%	+1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.74%	19.85%	+3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.74%	19.69%	+4.05%

WINN vs. FMAG - Expense Ratio Comparison

WINN has a 0.57% expense ratio, which is lower than FMAG's 0.59% expense ratio.

Dividends

WINN vs. FMAG - Dividend Comparison

WINN has not paid dividends to shareholders, while FMAG's dividend yield for the trailing twelve months is around 0.08%.

Position	TTM	2025	2024	2023	2022	2021
FMAG Fidelity Magellan ETF	0.08%	0.09%	0.15%	0.34%	0.23%	0.03%
WINN Harbor Long-Term Growers ETF	0.00%	0.00%	0.00%	0.06%	0.06%	0.00%

Frequently Asked Questions

Can I hold both WINN and FMAG in my portfolio?

WINN and FMAG have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WINN or FMAG?

WINN has higher volatility (3.71%) compared to FMAG (3.58%). In terms of maximum drawdown, WINN dropped -32.07% vs FMAG's -32.93%.

Which ETF is better, WINN or FMAG?

On 3-year performance, WINN leads with 23.93% vs 21.16% for FMAG. On fees, WINN is cheaper at 0.57% per year. On volatility, FMAG has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WINN or FMAG?

Over the 3-year period, WINN has performed better with a 23.93% return vs 21.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WINN or FMAG?

WINN is cheaper with a 0.57% expense ratio, compared with 0.59% for FMAG.

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

FMAG has the higher dividend yield at 0.08%, compared with 0.00% for WINN.

What is the main difference between WINN and FMAG?

WINN is categorized as Large Cap Growth Equities, while FMAG is Global Equities. They also come from different issuers: Harbor and Fidelity. Their fees differ too: 0.57% for WINN and 0.59% for FMAG.

Which has better risk-adjusted returns?

WINN currently has the higher Sharpe Ratio (1.39 vs 0.94), 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.