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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)
$198,973
AUM
$46,477,370
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
8.22%
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
7.46%
IVW
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Growth ETF
6.28%
UNH
Unitedhealth Group Inc
3.68%
NVDA
NVIDIA Corp
3.18%
MA
Mastercard Incorporated - Ordinary Shares - Class A
2.78%
COST
Costco Wholesale Corp
2.71%
MMC
Marsh & McLennan Cos., Inc.
2.37%
DHR
Danaher Corp.
2.36%
ACN
Accenture plc - Ordinary Shares - Class A
2.36%
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 USXF, PABU, IQSU

FMAG
Fidelity Covington Trust - Fidelity Magellan ETF
USXF
iShares Trust - iShares ESG Advanced MSCI USA ETF
PABU
iShares Trust - iShares Paris-Aligned Climate MSCI USA ETF
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
SUSA
BlackRock Institutional Trust Company N.A. - MSCI USA ESG Select ETF
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
DSI
BlackRock Institutional Trust Company N.A. - iShares MSCI KLD 400 Social Index Fund
XVV
iShares Trust - iShares ESG Screened S&P 500 ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
QUAL
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Quality Factor ETF
IUSG
BlackRock Institutional Trust Company N.A. - iShares Core S&P U.S.Growth 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

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

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 -0.0116%. This is the percent change in the value of FMAG over the most recent 1-month period. The 3-month return on FMAG is 0.0149%. 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 0.1942%. 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 DGS, DFIV, and DXJ.

ETFs correlated to FMAG include USXF, PABU, and IQSU.

ETFs that are inversely correlated to FMAG include SH, SPXS, and SDS.

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.