FMAG vs VYM
Fidelity Magellan ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | FMAG | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.04% | |
| AUM | $246M | $81.6B | |
| Dividend Yield | 0.08% | 2.24% | |
| Holdings | 52 | 616 | |
| YTD Return | +8.63% | +16.42% | |
| 1Y Return | +5.36% | +24.22% | |
| 3Y Return (annualized) | +19.44% | +19.03% | |
| 5Y Return (annualized) | +9.81% | +12.21% | |
| Volatility (annualized) | 18.1% | 14.6% | |
| Max Drawdown | -32.9% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 2, 2021 | Nov 10, 2006 |
FMAG vs VYM Performance
Fidelity Magellan ETF (FMAG) is a ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FMAG returned +5.36% while VYM returned +24.22%. Year to date, FMAG is up 8.63% versus a gain of 16.42% for VYM.
Over three years, FMAG compounded at +19.44% per year against +19.03% for VYM; over five years the annualized figures are +9.81% and +12.21% respectively. Across the full 6-year window we track, FMAG has the edge at +11.86% annualized vs +7.10%. 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FMAG charges 0.57% per year while VYM charges 0.04%. On a $10,000 position that is $57 vs $4 annually, a gap of $53 per year that compounds over a long holding period. On income, FMAG currently yields 0.08% against 2.24% for VYM.
Holdings Overlap
FMAG and VYM share 7 holdings out of 647 unique holdings combined, representing a 9.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FMAG or VYM?
FMAG has an expense ratio of 0.57% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, FMAG or VYM?
Over the past year FMAG returned +5.36% vs +24.22% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), FMAG annualized +11.86% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, FMAG or VYM?
FMAG has been the more volatile fund at 18.1% annualized versus 14.6% for VYM. Worst drawdown: FMAG -32.9% vs VYM -58.8%.
Should I hold both FMAG and VYM?
FMAG and VYM have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMAG and VYM?
FMAG and VYM share 7 common holdings with a 9.7% weight overlap. Combined, they hold 647 unique securities.
Which pays a higher dividend, FMAG or VYM?
FMAG yields 0.08% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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