Skip to Content
ETFs

Fidelity Magellan ETF

FMAG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 02 2021
Expense Ratio
0.59%
Type
Global Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$110,547
AUM
$43,942,999
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
8.19%
MSFT
Microsoft Corporation
6.54%
AAPL
Apple Inc
3.22%
MA
Mastercard Incorporated - Ordinary Shares - Class A
2.80%
V
Visa Inc - Ordinary Shares - Class A
2.79%
TMO
Thermo Fisher Scientific Inc.
2.59%
UNH
Unitedhealth Group Inc
2.43%
DHR
Danaher Corp.
2.41%
NVDA
NVIDIA Corp
2.33%
SPGI
S&P Global Inc
2.28%
Invest with FMAG

What is FMAG?

The fund seeks long-term growth of capital. Normally investing primarily in equity securities. Investing in either growth stocks or value stocks or both. Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer s financial condition and industry position, as well as market and economic conditions, to select investments.

ETFs related toFMAG

ETFs correlated to FMAG include IQSU, ESGV, SUSA

FMAG
Fidelity Covington Trust - Fidelity Magellan ETF
IQSU
IndexIQ ETF Trust - IQ Candriam ESG U.S. Large Cap Equity ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
SUSA
BlackRock Institutional Trust Company N.A. - MSCI USA ESG Select ETF
DSI
BlackRock Institutional Trust Company N.A. - iShares MSCI KLD 400 Social Index Fund
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
USXF
iShares Trust - iShares ESG Advanced MSCI USA ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
IUSG
BlackRock Institutional Trust Company N.A. - iShares Core S&P U.S.Growth ETF
SUSL
iShares Trust - iShares ESG MSCI USA Leaders ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFMAG

#SIN

Safety in Sin Stocks

Category

Grow Your Portfolio

Risk Rating

Aggressive

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with FMAG using Composer

FAQ

FMAG is a Global Equities ETF. The fund seeks long-term growth of capital. Normally investing primarily in equity securities. Investing in either growth stocks or value stocks or both. Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer s financial condition and industry position, as well as market and economic conditions, to select investments.

Yes, FMAG is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FMAG is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FMAG is -0.0038%. This is the percent change in the value of FMAG over the most recent 1-month period. The 3-month return on FMAG is 0.0501%. This is the percent change in the value of FMAG over the most recent 3-month period.

The standard deviation of FMAG for the past year is 0.2648%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FMAG include IDV, DLS, and DXJ.

ETFs correlated to FMAG include IQSU, ESGV, and SUSA.

ETFs that are inversely correlated to FMAG include SH, SPXU, and SPDN.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.