ATFV vs FMAG
Alger 35 ETF vs Fidelity Magellan ETF
Which is better, ATFV or FMAG?
ATFV has been ahead.
ATFV has a lower expense ratio. ATFV led over 1Y, 3Y, 5Y and the full window. FMAG is less concentrated, with 44.0% of the fund in its ten largest positions against 55.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ATFV | FMAG |
|---|---|---|
| Expense Ratio | 0.56%Best | 0.57% |
| AUM | $888M | $228M |
| Dividend Yield | 0.20% | 0.00% |
| Holdings | 74 | 52 |
| YTD Return | -0.97% | +1.23%Best |
| 1Y Return | -0.16%Best | -0.29% |
| 3Y Return (annualized) | +31.44%Best | +15.47% |
| 5Y Return (annualized) | +8.96%Best | +6.76% |
| Volatility (annualized) | 24.3% | 18.1%Best |
| Max Drawdown | -45.3% | -32.9%Best |
| $10,000 over 5 years | $15,358Best | $13,869 |
| Top 10 Weight | 55.4% | 44.0%Best |
| Fund Family | Alger | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | May 4, 2021 | Feb 2, 2021 |
Volatility and max drawdown are measured over the window both funds cover: May 4, 2021 to Nov 12, 2026 (5.5 years).
ATFV vs FMAG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.5 years both funds cover.
ATFV vs FMAG Performance
Alger 35 ETF (ATFV) is an ETF from Alger and Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US). Over the past year ATFV returned -0.16% while FMAG returned -0.29%. Year to date, ATFV is down 0.97% versus a gain of 1.23% for FMAG.
Over three years, ATFV compounded at +31.44% per year against +15.47% for FMAG; over five years the annualized figures are +8.96% and +6.76% respectively. Across the full 6-year window we track, ATFV has the edge at +11.02% annualized vs +9.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ATFV has been the more volatile fund, with annualized monthly volatility of 24.3% compared with 18.1% for FMAG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -45.3% for ATFV and -32.9% for FMAG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ATFV charges 0.56% per year while FMAG charges 0.57%. On a $10,000 position that is $56 vs $57 annually, a gap of $1 per year that compounds over a long holding period. On income, ATFV currently yields 0.20% against 0.00% for FMAG.
Holdings Overlap
46.2% of ATFV's money is in holdings FMAG also owns. 38.3% of FMAG's money is in holdings ATFV also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 32 positions we hold weights for in ATFV and 50 in FMAG, against full books of 74 and 52.
What only one of them owns
Our book lists 41 positions for FMAG that do not appear in our book for ATFV (61.2% of the fund), and 22 for ATFV that do not appear in FMAG (49.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ATFV | Weight in FMAG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.22% | 10.24% | 2.98% |
| AMZNAmazon.Com Inc | 6.00% | 6.45% | 0.45% |
| MSFTMicrosoft Corp | 6.38% | 5.61% | 0.77% |
| GOOGLAlphabet Inc | 6.24% | 3.87% | 2.37% |
| AVGOBroadcom Inc | 2.48% | 4.55% | 2.07% |
| WDCWestern Digital Corp. | 4.85% | 1.74% | 3.11% |
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 2.76% | 2.01% | 0.75% |
| LLYEli Lilly & Co | 1.79% | 2.39% | 0.60% |
| ANETArista Networks Inc Common Stock | 2.52% | 1.39% | 1.13% |
46.2% of ATFV is already inside FMAG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ATFV or FMAG?
ATFV has an expense ratio of 0.56% while FMAG charges 0.57%. ATFV is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, ATFV or FMAG?
Over the past year ATFV returned -0.16% vs -0.29% for FMAG, so ATFV leads on 1-year performance. Over the longest common window we track (6 years), ATFV annualized +11.02% vs +9.65% for FMAG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ATFV or FMAG?
ATFV has been the more volatile fund at 24.3% annualized versus 18.1% for FMAG. Worst drawdown: ATFV -45.3% vs FMAG -32.9%.
Should I hold both ATFV and FMAG?
ATFV and FMAG have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ATFV and FMAG?
46.2% of ATFV's money is in holdings FMAG also owns. 38.3% of FMAG's is in holdings ATFV also owns. They hold 9 positions in common, counted across the 32 positions we hold weights for in ATFV and 50 in FMAG.
Which pays a higher dividend, ATFV or FMAG?
ATFV yields 0.20% while FMAG yields 0.00%, so ATFV currently pays the higher dividend yield.
Is FMAG better than ATFV?
ATFV has a lower expense ratio. ATFV led over 1Y, 3Y, 5Y and the full window. FMAG is less concentrated, with 44.0% of the fund in its ten largest positions against 55.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.