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Launched · SEC filings

Fidelity Magellan ETF

FMAGCboeFidelityB

$34.09−0.13 (−0.38%)

As of Nov 2, 2026, 3:59 PM ET

B55/ 100

Rank 35 of 90 in US Active Growth

B55/100Rank 35 of 90inUS Active Growth
Intraday session: down, 79 prints from 34.23 to 34.09. Range 34.09 to 34.78. Use the arrow keys to read each point.34.4034.6034.8010 AM12 PM2 PM4 PM
Expense ratio
0.57%
Fund size
$243M
1Y total return
−2.6%
Yield · Last 12 months
0.00%
Holdings
51
Avg volume · 30D
18.1K sh
52W range
low $30.49high $37.58
Launched
Filings
SEC EDGAR

The ETF.net FMAG Grade

B

Score 55 out of 100

Category
US Active Growth⁠
Rank
35 of 90
Six-pillar profile for FMAG. Scores out of 100: Cost 47, Risk 65, Mission 50, Tradability 47, Holdings 72, Durability 75. Strongest: Durability (75). Weakest: Tradability (47). Leans toward Durability and Holdings.

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.
    C47 out of 100
    Rank 43 of 90

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C50 out of 100
    Rank 22 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B65 out of 100
    Rank 21 of 85

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C47 out of 100
    Rank 50 of 90

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A72 out of 100
    Rank 22 of 90

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A75 out of 100
    Rank 20 of 90

Our read on FMAG

ETF.net Research

In short

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.

Stated mandate

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.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 Performance

Launched Feb 2, 2021

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$9,743
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FMAG $9,743. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for FMAG. Periods over one year show the average yearly return.
PeriodFMAG
Year to date+0.3%
1 month−5.3%
3 months−4.9%
1 year−2.6%
3 yearsper year+18.0%
5 yearsper year+7.0%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FMAG
YearReturn barFMAG
2026 YTD+0.3%
2025+10.4%
2024+28.5%
2023+31.2%
2022−26.9%
2021+25.4%

History from Feb 4, 2021

FMAG in the news

FMAG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.00%Last 12 months
Payout per share
$0.001Last 12 months
Last payment
$0.001 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2021–2026

One bar per payment. 19 payments from 2021 to 2026 YTD. Mar 19, 2021 $0.004; Jun 18, 2021 $0.001; Sep 17, 2021 $0.001; Dec 17, 2021 $0.002; Mar 18, 2022 $0.001; Jun 17, 2022 $0.01; Sep 16, 2022 $0.01; Dec 16, 2022 $0.02; Mar 17, 2023 $0.02; Jun 16, 2023 $0.01; Sep 15, 2023 $0.01; Dec 15, 2023 $0.03; Dec 28, 2023 $0.01; Mar 15, 2024 $0.005; Jun 21, 2024 $0.007; Sep 20, 2024 $0.01; Dec 20, 2024 $0.02; Sep 19, 2025 $0.03; Sep 18, 2026 $0.001. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.001
Sep 19, 2025Sep 23, 2025$0.03
Dec 20, 2024Dec 24, 2024$0.02
Sep 20, 2024Sep 24, 2024$0.01
Jun 21, 2024Jun 25, 2024$0.007
Mar 15, 2024Mar 20, 2024$0.005
Dec 28, 2023Jan 3, 2024$0.01
Dec 15, 2023Dec 20, 2023$0.03
Sep 15, 2023Sep 20, 2023$0.01
Jun 16, 2023Jun 22, 2023$0.01
Mar 17, 2023Mar 22, 2023$0.02
Dec 16, 2022Dec 21, 2022$0.02

See all 19 payments⁠

$10,000 in FMAG 5 years ago paid $81.31 in dividends.⁠

FMAG Risk

Risk pillarB65 out of 100Rank 21 of 85 in US Active Growth
How much the fund’s monthly returns vary, scaled to a year.
15.6%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.86
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−32.9%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.11
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FMAG Cost

Compare FMAG and FELG

Overpaying vs FELG, tied cheapest in US Active Growth

$7,522

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FMAG 0.57%

    $11,271

  • FELG 0.18% Tied cheapest

    $3,749

$10,000
30 years

Cost over time

  • FMAG 0.57%
  • FELG 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530FMAG $11,271FELG $3,749

Year by year

YearFMAGFELGOverpaying
10$1,023$328$695
20$3,921$1,281$2,640
30$11,271$3,749$7,522

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