AIEQ vs FMAG
Amplify AI Powered Equity ETF vs Fidelity Magellan ETF
Which is better, AIEQ or FMAG?
Each has led over a different period.
FMAG has a lower expense ratio. AIEQ led over 1Y and 3Y, FMAG over 5Y and the full window. AIEQ is less concentrated, with 41.1% 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 | AIEQ | FMAG |
|---|---|---|
| Expense Ratio | 0.75% | 0.57%Best |
| AUM | $116M | $243M |
| Dividend Yield | 0.40% | 0.00% |
| Holdings | 326 | 52 |
| YTD Return | +9.72%Best | +4.66% |
| 1Y Return | +10.97%Best | +3.01% |
| 3Y Return (annualized) | +18.64%Best | +17.63% |
| 5Y Return (annualized) | +3.86% | +9.04%Best |
| Volatility (annualized) | 20.6% | 17.8%Best |
| Max Drawdown | -39.0% | -32.9%Best |
| $10,000 over 5 years | $12,085 | $15,414Best |
| Top 10 Weight | 41.1%Best | 44.0% |
| Fund Family | Amplify ETFs | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Oct 17, 2017 | 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).
AIEQ 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.
AIEQ vs FMAG Performance
Amplify AI Powered Equity ETF (AIEQ) is an ETF from Amplify ETFs and Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US). Over the past year AIEQ returned +10.97% while FMAG returned +3.01%. Year to date, AIEQ is up 9.72% versus a gain of 4.66% for FMAG.
Over three years, AIEQ compounded at +18.64% per year against +17.63% for FMAG; over five years the annualized figures are +3.86% and +9.04% respectively. Across the full 6-year window we track, FMAG has the edge at +10.77% annualized vs +4.54%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AIEQ has been the more volatile fund, with annualized monthly volatility of 20.6% compared with 17.8% 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 -39.0% for AIEQ 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AIEQ charges 0.75% per year while FMAG charges 0.57%. On a $10,000 position that is $75 vs $57 annually, a gap of $18 per year that compounds over a long holding period. On income, AIEQ currently yields 0.40% against 0.00% for FMAG.
Holdings Overlap
29.4% of AIEQ's money is in holdings FMAG also owns. 57.7% of FMAG's money is in holdings AIEQ also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 163 positions we hold weights for in AIEQ and 50 in FMAG, against full books of 326 and 52.
What only one of them owns
Our book lists 27 positions for FMAG that do not appear in our book for AIEQ (39.7% of the fund), and 137 for AIEQ that do not appear in FMAG (70.0%).
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 AIEQ | Weight in FMAG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.99% | 10.24% | 6.25% |
| AVGOBroadcom Inc | 9.13% | 4.55% | 4.58% |
| MSFTMicrosoft Corp | 2.18% | 5.61% | 3.43% |
| AMZNAmazon.Com Inc | 1.27% | 6.45% | 5.18% |
| GOOGAlphabet Inc. C | 2.76% | 3.28% | 0.52% |
| MAMastercard Inc | 3.63% | 2.16% | 1.47% |
| GOOGLAlphabet Inc | 1.49% | 3.87% | 2.38% |
| AMDAdvanced Micro Devices Inc | 1.19% | 3.14% | 1.95% |
| HLTHilton Worldwide Holdings Inc. | 1.94% | 1.49% | 0.45% |
| LLYEli Lilly & Co. | 0.05% | 2.39% | 2.34% |
57.7% of FMAG is already inside AIEQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, AIEQ or FMAG?
AIEQ has an expense ratio of 0.75% while FMAG charges 0.57%. FMAG is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, AIEQ or FMAG?
Over the past year AIEQ returned +10.97% vs +3.01% for FMAG, so AIEQ leads on 1-year performance. Over the longest common window we track (6 years), AIEQ annualized +4.54% vs +10.77% for FMAG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AIEQ or FMAG?
AIEQ has been the more volatile fund at 20.6% annualized versus 17.8% for FMAG. Worst drawdown: AIEQ -39.0% vs FMAG -32.9%.
Should I hold both AIEQ and FMAG?
AIEQ and FMAG have a monthly-return correlation of 0.81, 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 AIEQ and FMAG?
57.7% of FMAG's money is in holdings AIEQ also owns. 57.7% of FMAG's is in holdings AIEQ also owns. They hold 21 positions in common, counted across the 163 positions we hold weights for in AIEQ and 50 in FMAG.
Which pays a higher dividend, AIEQ or FMAG?
AIEQ yields 0.40% while FMAG yields 0.00%, so AIEQ currently pays the higher dividend yield.
Is FMAG better than AIEQ?
FMAG has a lower expense ratio. AIEQ led over 1Y and 3Y, FMAG over 5Y and the full window. AIEQ is less concentrated, with 41.1% 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.