FMAG vs IVV
Fidelity Magellan ETF vs iShares Core S&P 500 ETF
Which is better, FMAG or IVV?
Large Cap Growth against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 46.8%.
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 | FMAG | IVV |
|---|---|---|
| Expense Ratio | 0.57% | 0.03%Best |
| AUM | $246M | $876.4B |
| Dividend Yield | 0.08% | 1.06% |
| Holdings | 52 | 508 |
| YTD Return | +4.44% | +12.24%Best |
| 1Y Return | +1.60% | +18.61%Best |
| 3Y Return (annualized) | +17.14% | +20.98%Best |
| 5Y Return (annualized) | +8.48% | +12.76%Best |
| Volatility (annualized) | 18.0% | 15.3%Best |
| Max Drawdown | -32.9% | -24.5%Best |
| $10,000 over 5 years | $15,023 | $18,230Best |
| Top 10 Weight | 46.8% | 37.9%Best |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Feb 2, 2021 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Feb 4, 2021 to Sep 9, 2026 (5.6 years).
FMAG vs IVV 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 5.6 years both funds cover.
FMAG vs IVV Performance
Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FMAG returned +1.60% while IVV returned +18.61%. Year to date, FMAG is up 4.44% versus a gain of 12.24% for IVV.
Over three years, FMAG compounded at +17.14% per year against +20.98% for IVV; over five years the annualized figures are +8.48% and +12.76% respectively. Across the full 6-year window we track, IVV has the edge at +14.51% annualized vs +10.92%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMAG has been the more volatile fund, with annualized monthly volatility of 18.0% compared with 15.3% for IVV. 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 -32.9% for FMAG and -24.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FMAG charges 0.57% per year while IVV charges 0.03%. On a $10,000 position that is $57 vs $3 annually, a gap of $54 per year that compounds over a long holding period. On income, FMAG currently yields 0.08% against 1.06% for IVV.
Holdings Overlap
90.6% of FMAG's money is in holdings IVV also owns. 38.7% of IVV's money is in holdings FMAG also owns.
Most of FMAG is already inside IVV. Owning both mostly buys the same companies twice.
45 positions in common, counted across the 51 positions we hold weights for in FMAG and 505 in IVV, against full books of 52 and 508.
What only one of them owns
Our book lists 451 positions for IVV that do not appear in our book for FMAG (60.6% of the fund), and 3 for FMAG that do not appear in IVV (3.7%).
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 FMAG | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 10.69% | 7.98% | 2.71% |
| MSFTMicrosoft Corp | 4.46% | 5.44% | 0.98% |
| AMZNAmazon.Com Inc | 5.75% | 4.01% | 1.74% |
| AVGOBroadcom Inc | 4.83% | 2.98% | 1.85% |
| GOOGLAlphabet Inc,class A | 3.98% | 3.19% | 0.79% |
| GOOGAlphabet Inc. C | 3.37% | 2.56% | 0.81% |
| METAMeta Platform Inc | 3.38% | 1.94% | 1.44% |
| AMDAdvanced Micro Devices Inc | 3.92% | 1.18% | 2.74% |
| KLACKla-tencor | 3.54% | 0.38% | 3.16% |
| LRCXLam Research Corp | 2.85% | 0.58% | 2.27% |
90.6% of FMAG is already inside IVV.
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, FMAG or IVV?
FMAG has an expense ratio of 0.57% while IVV charges 0.03%. IVV is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, FMAG or IVV?
Over the past year FMAG returned +1.60% vs +18.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), FMAG annualized +10.92% vs +14.51% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMAG or IVV?
FMAG has been the more volatile fund at 18.0% annualized versus 15.3% for IVV. Worst drawdown: FMAG -32.9% vs IVV -24.5%.
Should I hold both FMAG and IVV?
FMAG and IVV have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FMAG and IVV?
90.6% of FMAG's money is in holdings IVV also owns. 38.7% of IVV's is in holdings FMAG also owns. They hold 45 positions in common, counted across the 51 positions we hold weights for in FMAG and 505 in IVV.
Which pays a higher dividend, FMAG or IVV?
FMAG yields 0.08% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than FMAG?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 46.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.