ADME vs FMAG
Aptus Drawdown Managed Equity ETF vs Fidelity Magellan ETF
Which is better, ADME or FMAG?
Each has led over a different period.
FMAG has a lower expense ratio. ADME led over 1Y, FMAG over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. ADME is less concentrated, with 40.3% of the fund in its ten largest positions against 44.0%.
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 | ADME | FMAG |
|---|---|---|
| Expense Ratio | 0.79% | 0.57%Best |
| AUM | $313M | $243M |
| Dividend Yield | 0.36% | 0.00% |
| Holdings | 167 | 52 |
| YTD Return | +9.94%Best | +4.66% |
| 1Y Return | +10.86%Best | +3.01% |
| 3Y Return (annualized) | +16.81% | +17.63%Best |
| 5Y Return (annualized) | +7.38% | +9.04%Best |
| Volatility (annualized) | 12.6%Best | 17.8% |
| Max Drawdown | -23.4%Best | -32.9% |
| $10,000 over 5 years | $14,276 | $15,414Best |
| Top 10 Weight | 40.3%Best | 44.0% |
| Fund Family | Aptus ETFs | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jun 8, 2016 | Feb 2, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Feb 4, 2021 to Oct 14, 2026 (5.7 years).
ADME 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 5.7 years both funds cover.
ADME vs FMAG Performance
Aptus Drawdown Managed Equity ETF (ADME) is an ETF from Aptus ETFs and Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US). Over the past year ADME returned +10.86% while FMAG returned +3.01%. Year to date, ADME is up 9.94% versus a gain of 4.66% for FMAG.
Over three years, ADME compounded at +16.81% per year against +17.63% for FMAG; over five years the annualized figures are +7.38% and +9.04% respectively. Across the full 6-year window we track, FMAG has the edge at +10.77% annualized vs +8.47%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMAG has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 12.6% for ADME. 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 -23.4% for ADME 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ADME charges 0.79% per year while FMAG charges 0.57%. On a $10,000 position that is $79 vs $57 annually, a gap of $22 per year that compounds over a long holding period. On income, ADME currently yields 0.36% against 0.00% for FMAG.
Holdings Overlap
39.3% of ADME's money is in holdings FMAG also owns. 73.2% of FMAG's money is in holdings ADME also owns.
Most of FMAG is already inside ADME. Owning both mostly buys the same companies twice.
32 positions in common, counted across the 164 positions we hold weights for in ADME and 50 in FMAG, against full books of 167 and 52.
What only one of them owns
Our book lists 17 positions for FMAG that do not appear in our book for ADME (24.2% of the fund), and 131 for ADME that do not appear in FMAG (59.5%).
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 ADME | Weight in FMAG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.85% | 10.24% | 2.39% |
| MSFTMicrosoft Corp | 5.70% | 5.61% | 0.09% |
| AMZNAmazon.Com Inc | 3.74% | 6.45% | 2.71% |
| GOOGAlphabet Inc. C | 5.56% | 3.28% | 2.28% |
| AVGOBroadcom Inc | 2.47% | 4.55% | 2.08% |
| AMDAdvanced Micro Devices Inc | 1.32% | 3.14% | 1.82% |
| VVisa Inc Class A | 1.88% | 2.36% | 0.48% |
| LLYEli Lilly & Co. | 1.40% | 2.39% | 0.99% |
| LRCXLam Research Corp | 0.64% | 1.99% | 1.35% |
| CATCaterpillar, Inc. | 0.95% | 1.54% | 0.59% |
73.2% of FMAG is already inside ADME.
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, ADME or FMAG?
ADME has an expense ratio of 0.79% while FMAG charges 0.57%. FMAG is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, ADME or FMAG?
Over the past year ADME returned +10.86% vs +3.01% for FMAG, so ADME leads on 1-year performance. Over the longest common window we track (6 years), ADME annualized +8.47% vs +10.77% for FMAG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ADME or FMAG?
FMAG has been the more volatile fund at 17.8% annualized versus 12.6% for ADME. Worst drawdown: ADME -23.4% vs FMAG -32.9%.
Should I hold both ADME and FMAG?
ADME and FMAG have a monthly-return correlation of 0.93, 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 ADME and FMAG?
73.2% of FMAG's money is in holdings ADME also owns. 73.2% of FMAG's is in holdings ADME also owns. They hold 32 positions in common, counted across the 164 positions we hold weights for in ADME and 50 in FMAG.
Which pays a higher dividend, ADME or FMAG?
ADME yields 0.36% while FMAG yields 0.00%, so ADME currently pays the higher dividend yield.
Is FMAG better than ADME?
FMAG has a lower expense ratio. ADME led over 1Y, FMAG over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. ADME is less concentrated, with 40.3% of the fund in its ten largest positions against 44.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.