FMAG Performance — Fidelity Magellan ETF
Data updated: 2026-10-13
FMAG returned +5.12% year to date and +2.50% over one year to Jul 2026. Annualised returns are +17.33% over 3 years and +9.40% over 5 years. The fund trailed its US Large Growth category average: $100 invested three years ago grew to $162, against $166 for the category, and to $102 over one year, against $111. Volatility over the past three years was 15.60% a year. In the 12 months to Jul 2026 the fund lost a net $32.7M, and assets reached $246.14M.
FMAG Growth of $100
What $100 invested in Fidelity Magellan ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Growth category average over the same months.
| Period | FMAG | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $102 | $111 |
| 3 years (Aug 2023 – Jul 2026) | $162 | $166 |
| 5 years (Aug 2021 – Jul 2026) | $157 | $158 |
| Since data start (Mar 2021 – Jul 2026) | $186 | $179 |
FMAG Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.12% |
| 1 year | +2.50% |
| 3 years (annualised) | +17.33% |
| 5 years (annualised) | +9.40% |
FMAG Annual Returns
Calendar-year total returns of Fidelity Magellan ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +5.12% |
| 2025 | +10.70% |
| 2024 | +28.31% |
| 2023 | +31.27% |
| 2022 | −26.87% |
| 2021 (Mar–Dec) | +29.95% |
FMAG Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | −2.0% | −6.2% | +12.9% | +2.9% | +0.2% | −2.3% | — | — | — | — | — |
| 2025 | +4.2% | −3.1% | −6.8% | +2.9% | +8.8% | +5.3% | +2.4% | −0.8% | +1.2% | −0.3% | −1.6% | −1.0% |
| 2024 | +4.1% | +8.2% | +3.1% | −3.9% | +4.5% | +5.3% | −0.4% | +1.7% | +2.0% | −1.1% | +5.2% | −2.9% |
| 2023 | +7.0% | −2.3% | +3.8% | +0.7% | +1.9% | +6.6% | +2.2% | +0.4% | −5.0% | −1.9% | +10.7% | +4.4% |
| 2022 | −10.7% | −4.4% | +3.8% | −10.3% | −0.6% | −6.6% | +12.1% | −6.2% | −10.4% | +5.6% | +6.5% | −6.6% |
| 2021 | — | — | +2.8% | +6.8% | −1.0% | +4.9% | +4.2% | +3.6% | −5.5% | +8.5% | +1.0% | +1.8% |
FMAG Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.60%
- 3-year Sharpe ratio: 0.82 (vs 4.5% risk-free rate)
- Best month: +12.90% (Apr 2026)
- Worst month: −6.80% (Mar 2025)
FMAG Fund Flows
Monthly money in and out of Fidelity Magellan ETF, from SEC Form N-PORT.
- 12-month net flow: −$32.7M
- 12-month gross sales (incl. reinvestments): $7.9M
- Sales ÷ redemptions: 0.19×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $151 | $6.3M | −$6.3M |
| Jun 2026 | $886K | $913K | −$28K |
| May 2026 | $103 | $2.7M | −$2.7M |
| Apr 2026 | $109 | $2.7M | −$2.7M |
| Mar 2026 | $25 | $4.8M | −$4.8M |
| Feb 2026 | $35 | $5.9M | −$5.9M |
| Jan 2026 | $62 | $6.9M | −$6.9M |
| Dec 2025 | $54 | $4.3M | −$4.3M |
| Nov 2025 | $56 | $4.3M | −$4.3M |
| Oct 2025 | $2.6M | $873K | $1.7M |
| Sep 2025 | $1.8M | $0 | $1.8M |
| Aug 2025 | $2.6M | $882K | $1.7M |
FMAG Assets Under Management
Net assets of Fidelity Magellan ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $246.14M |
| 2026-04-30 | $253.28M |
| 2026-01-31 | $257.68M |
| 2025-10-31 | $279.01M |
| 2025-07-31 | $273.65M |
| 2025-04-30 | $206.44M |
| 2025-01-31 | $197.21M |
| 2024-10-31 | $156.63M |
| 2024-07-31 | $116.56M |
| 2024-04-30 | $89.58M |
| 2024-01-31 | $62.80M |
| 2023-10-31 | $46.00M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.