ARKF vs FMAG
ARK Blockchain & Fintech Innovation ETF vs Fidelity Magellan ETF
Which is better, ARKF or FMAG?
Each has led over a different period.
FMAG has a lower expense ratio. ARKF led over 3Y, FMAG over 1Y, 5Y and the full window.
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 | ARKF | FMAG |
|---|---|---|
| Expense Ratio | 0.75% | 0.57%Best |
| AUM | $831M | $243M |
| Dividend Yield | 0.09% | 0.00% |
| Holdings | 41 | 52 |
| YTD Return | -4.67% | +4.66%Best |
| 1Y Return | -17.39% | +3.01%Best |
| 3Y Return (annualized) | +33.87%Best | +17.63% |
| 5Y Return (annualized) | -2.60% | +9.04%Best |
| Volatility (annualized) | 40.2% | 17.8%Best |
| Max Drawdown | -78.6% | -32.9%Best |
| $10,000 over 5 years | $8,766 | $15,414Best |
| Fund Family | Ark Invest | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 1, 2019 | Feb 2, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 4, 2021 to Oct 14, 2026 (5.7 years).
ARKF 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.
ARKF vs FMAG Performance
ARK Blockchain & Fintech Innovation ETF (ARKF) is an ETF from Ark Invest and Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US). Over the past year ARKF returned -17.39% while FMAG returned +3.01%. Year to date, ARKF is down 4.67% versus a gain of 4.66% for FMAG.
Over three years, ARKF compounded at +33.87% per year against +17.63% for FMAG; over five years the annualized figures are -2.60% and +9.04% respectively. Across the full 6-year window we track, FMAG has the edge at +10.77% annualized vs -3.71%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ARKF has been the more volatile fund, with annualized monthly volatility of 40.2% 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 -78.6% for ARKF 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ARKF 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, ARKF currently yields 0.09% against 0.00% for FMAG.
Holdings Overlap
At least 19.8% of FMAG's money is in holdings ARKF also owns.
Stated as a floor: for ARKF, our book for it covers 90.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
FMAG and ARKF share little of their money.
3 positions in common, counted across the 37 positions we hold weights for in ARKF and 50 in FMAG, against full books of 41 and 52.
You are not choosing between two funds in isolation.
Whichever of ARKF and FMAG you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ARKF or FMAG?
ARKF 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, ARKF or FMAG?
Over the past year ARKF returned -17.39% vs +3.01% for FMAG, so FMAG leads on 1-year performance. Over the longest common window we track (6 years), ARKF annualized -3.71% vs +10.77% for FMAG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ARKF or FMAG?
ARKF has been the more volatile fund at 40.2% annualized versus 17.8% for FMAG. Worst drawdown: ARKF -78.6% vs FMAG -32.9%.
Should I hold both ARKF and FMAG?
ARKF and FMAG have a monthly-return correlation of 0.72, 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 ARKF and FMAG?
At least 19.8% of FMAG's money is in holdings ARKF also owns. Our book for ARKF is partial, so the real figure is this or higher. They hold 3 positions in common, counted across the 37 positions we hold weights for in ARKF and 50 in FMAG.
Which pays a higher dividend, ARKF or FMAG?
ARKF yields 0.09% while FMAG yields 0.00%, so ARKF currently pays the higher dividend yield.
Is FMAG better than ARKF?
FMAG has a lower expense ratio. ARKF led over 3Y, FMAG over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.