FMAG vs SCHD
Fidelity Magellan ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | FMAG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.06% | |
| AUM | $246M | $108.7B | |
| Dividend Yield | 0.08% | 3.13% | |
| Holdings | 52 | 104 | |
| YTD Return | +6.97% | +26.50% | |
| 1Y Return | +4.08% | +31.25% | |
| 3Y Return (annualized) | +19.23% | +16.34% | |
| 5Y Return (annualized) | +9.86% | +10.10% | |
| Volatility (annualized) | 18.1% | 13.6% | |
| Max Drawdown | -32.9% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Feb 2, 2021 | Oct 20, 2011 |
FMAG vs SCHD Performance
Fidelity Magellan ETF (FMAG) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FMAG returned +4.08% while SCHD returned +31.25%. Year to date, FMAG is up 6.97% versus a gain of 26.50% for SCHD.
Over three years, FMAG compounded at +19.23% per year against +16.34% for SCHD; over five years the annualized figures are +9.86% and +10.10% respectively. Across the full 6-year window we track, FMAG has the edge at +11.53% annualized vs +11.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMAG has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 13.6% for SCHD. 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 -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FMAG charges 0.57% per year while SCHD charges 0.06%. On a $10,000 position that is $57 vs $6 annually, a gap of $51 per year that compounds over a long holding period. On income, FMAG currently yields 0.08% against 3.13% for SCHD.
Holdings Overlap
FMAG and SCHD share 0 holdings out of 151 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FMAG or SCHD?
FMAG has an expense ratio of 0.57% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, FMAG or SCHD?
Over the past year FMAG returned +4.08% vs +31.25% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), FMAG annualized +11.53% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, FMAG or SCHD?
FMAG has been the more volatile fund at 18.1% annualized versus 13.6% for SCHD. Worst drawdown: FMAG -32.9% vs SCHD -33.4%.
Should I hold both FMAG and SCHD?
FMAG and SCHD have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMAG and SCHD?
FMAG and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 151 unique securities.
Which pays a higher dividend, FMAG or SCHD?
FMAG yields 0.08% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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