Fidelity InvestmentsLarge GrowthFMAG · Cboe BZX

Fidelity Magellan ETF (FMAG)

Compare US Large Cap Growth ETFs Compare with others

Price: $35.72; —11 Sept 2026
Assets: $242.3M; Total net assets
Expense ratio: 0.57%; Category 0.90%
Yield: 0.08%; Trailing distributions

1Y return: 1.0%-11.3%; Category 12.3%
3Y CAGR: 17.1%-4.8%; Category 21.9%
5Y CAGR: 8.6%-1.3%; Category 9.9%

Loading NAV history…

Fidelity Magellan ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-3.6%	-0.9%	+10.4%	+4.7%	+1.0%	+17.1%	+8.6%	—	+10.9%
Large Growth average	-2.1%	1.2%	15.6%	9.0%	12.3%	21.9%	9.9%	16.6%	12.8%
Difference	-1.5%	-2.0%	-5.2%	-4.3%	-11.3%	-4.8%	-1.3%	—	-1.9%

Holdings

The 10 largest positions make up 45.0% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
NVDA	NVIDIA Corp	10.04%
AMZN	Amazon.com Inc	6.74%
MSFT	Microsoft Corp	5.32%
AVGO	Broadcom Inc	5.18%
GOOGL	Alphabet Inc Class A	4.06%
GOOG	Alphabet Inc Class C	3.54%
AMD	Advanced Micro Devices Inc	3.33%
TSM	Taiwan Semiconductor Manufacturing Co Ltd ADR	2.35%
V	Visa Inc Class A	2.27%
KLAC	KLA Corp	2.17%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 31.0
P/B: 8.4
P/S: 5.0
P/CF: 26.5

Sector allocation

Share of the equity the fund holds.

Technology41.5%
Industrials17.3%
Consumer discretionary11.9%
Financial services11.3%
Communication services9.5%
Materials3.6%
Consumer staples2.6%
Health care1.4%
Real estate1.0%

Asset mix

Stocks99.8%
Cash0.2%

ETF details

Issuer: Fidelity Investments
Category: Equity · Large Growth
Ticker: FMAG
Exchange: Cboe BZX
Inception: 2 Feb 2021 (5.6 years)
Structure: Exchange Traded Fund
Expense ratio: 0.57% (category 0.90%)
Holdings turnover: 70% (category 62%)
Distribution yield: 0.08%
Beta, 3 years: 1.12
Total net assets: $242.3M

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

Other large growth ETFs

Other ETFs in the Large Growth category.

Compare US Large Cap Growth ETFs