Fidelity Magellan ETF
$36.51+0.01 (+0.03%)
- 0.57%
- $243M
- +5.8%
- 0.00%
- 0M sh
- $36.50
- low $30.49high $37.58
The ETF.net FMAG Grade
B
Score 55 out of 100
- 33 of 90
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C50 out of 100Rank 41 of 90Mission
Whether the fund did what it promised, tested against its stated mandate.C50 out of 100Rank 23 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 29 of 82Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 53 of 90Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A75 out of 100Rank 17 of 89Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A74 out of 100Rank 22 of 90
Our read on FMAG
BFidelity put the Magellan name on an ETF in 2021: an actively run book of US large-cap growth, cyclical movers alongside steadier names tied to long-term megatrends, measured against the S&P 500.
The fund seeks capital appreciation through a diversified U.S. equity strategy focused on large-cap growth, including cyclical growth stocks and steady growers positioned for long-term megatrends.
Why people hold it
- Real stock picking, not an index clone. Managers build a diversified US large-cap growth book aimed at capital appreciation.institutional.fidelity.com
- Lands in the upper half of a crowded field of active US growth funds, a solid showing among dozens of conviction large-cap rivals.
- The 0.57% fee sits near the middle of the active large-cap growth pack, so the human at the wheel isn't priced at a premium.
Worth knowing
- Cheaper rules-based options cover similar ground, including Fidelity's own FELG at 0.18%. The active mandate costs roughly three times that.
- Trades thinly next to index giants, so spreads can be wider and bigger orders can nudge the price.
- Cash comes back once or twice a year, not quarterly or monthly. This is a growth mandate, not an income one.
FMAG Holdings
- Stocks
- 50
- 44%
- NVDA
Sectors
- Technology40.8%
- Industrials17.1%
- Financials10.7%
- Consumer Discretionary10.4%
- Communication7.2%
- Health Care5.0%
- Materials3.6%
- Consumer Staples3.0%
- Real Estate2.3%
Geography
- United States94.03%
- Ireland2.57%
- Taiwan2.02%
- United Kingdom1.38%
FMAG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
FMAG$10,580
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FMAG |
|---|---|
| Year to date | +6.9% |
| 1 month | +2.2% |
| 3 months | −0.4% |
| 1 year | +5.8% |
| 3 years | +18.5% |
| 5 years | +10.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FMAG |
|---|---|---|
| 2026 YTD | +6.9% | |
| 2025 | +10.4% | |
| 2024 | +28.5% | |
| 2023 | +31.2% | |
| 2022 | −26.9% | |
| 2021 | +25.4% |
FMAG in the news
FMAG Dividends
- 0.00%
- $0.001
- $0.001 per share
- Annual
Distribution history
FMAG Risk
- 15.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.96
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −32.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMAG Cost
0.57%
FMAG0.57%
- The middle half of US Active Growth funds
- Median 0.56%
45 of the 90 US Active Growth funds charge less.
Other funds in US Active Growth
- BFBCGFidelity Blue Chip Growth ETFExpense ratio 0.57%1 year return +21.3%
- BFLCGFederated Hermes MDT Large Cap Growth ETFExpense ratio 0.51%1 year return +13.9%
- BTCHPT. Rowe Price Blue Chip Growth ETFExpense ratio 0.57%1 year return +8.7%
- BTGRWT. Rowe Price Growth Stock ETFExpense ratio 0.52%1 year return +9.6%
- BWINNHarbor Long-Term Growers ETF (WINN)Expense ratio 0.57%1 year return +14.7%