BAI vs FMAG
iShares AI Innovation and Tech Active ETF vs Fidelity Magellan ETF
Which is better, BAI or FMAG?
BAI has been ahead.
BAI has a lower expense ratio. BAI led over 1Y and the full window. BAI is less concentrated, with 42.0% 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 | BAI | FMAG |
|---|---|---|
| Expense Ratio | 0.55%Best | 0.57% |
| AUM | $14.2B | $243M |
| Dividend Yield | 1.26% | 0.00% |
| Holdings | 55 | 52 |
| YTD Return | +30.13%Best | +4.66% |
| 1Y Return | +30.79%Best | +3.01% |
| 3Y Return (annualized) | - | +17.63% |
| 5Y Return (annualized) | - | +9.04% |
| Volatility (annualized) | 37.4% | 15.2%Best |
| Max Drawdown | -34.1% | -20.1%Best |
| $10,000 over 2 years | $18,007Best | $11,528 |
| Top 10 Weight | 42.0%Best | 44.0% |
| Fund Family | iShares by BlackRock (US) | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Oct 21, 2024 | Feb 2, 2021 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 22, 2024 to Oct 14, 2026 (2 years).
BAI 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 2 years both funds cover.
BAI vs FMAG Performance
iShares AI Innovation and Tech Active ETF (BAI) is an ETF from iShares by BlackRock (US) and Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US). Over the past year BAI returned +30.79% while FMAG returned +3.01%. Year to date, BAI is up 30.13% versus a gain of 4.66% for FMAG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BAI has been the more volatile fund, with annualized monthly volatility of 37.4% compared with 15.2% 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 -34.1% for BAI and -20.1% 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BAI charges 0.55% per year while FMAG charges 0.57%. On a $10,000 position that is $55 vs $57 annually, a gap of $2 per year that compounds over a long holding period. On income, BAI currently yields 1.26% against 0.00% for FMAG.
Holdings Overlap
35.3% of BAI's money is in holdings FMAG also owns. 41.0% of FMAG's money is in holdings BAI also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 50 positions we hold weights for in BAI and 50 in FMAG, against full books of 55 and 52.
What only one of them owns
Our book lists 40 positions for FMAG that do not appear in our book for BAI (58.4% of the fund), and 27 for BAI that do not appear in FMAG (43.5%).
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 BAI | Weight in FMAG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 5.30% | 10.24% | 4.94% |
| AVGOBroadcom Inc | 4.75% | 4.55% | 0.20% |
| AMZNAmazon.Com Inc | 2.05% | 6.45% | 4.40% |
| AMDAdvanced Micro Devices Inc | 4.87% | 3.14% | 1.73% |
| MSFTMicrosoft Corp | 2.13% | 5.61% | 3.48% |
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 4.74% | 2.01% | 2.73% |
| GOOGLAlphabet Inc | 2.49% | 3.87% | 1.38% |
| LRCXLrcx Uw Equity | 4.05% | 1.99% | 2.06% |
| WDCWestern Digital Corp. | 2.60% | 1.74% | 0.86% |
| ANETArista Networks Inc Common Stock | 2.27% | 1.39% | 0.88% |
41.0% of FMAG is already inside BAI.
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, BAI or FMAG?
BAI has an expense ratio of 0.55% while FMAG charges 0.57%. BAI is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, BAI or FMAG?
Over the past year BAI returned +30.79% vs +3.01% for FMAG, so BAI leads on 1-year performance. Over the longest common window we track (2 years), BAI annualized +34.19% vs +7.37% for FMAG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAI or FMAG?
BAI has been the more volatile fund at 37.4% annualized versus 15.2% for FMAG. Worst drawdown: BAI -34.1% vs FMAG -20.1%.
Should I hold both BAI and FMAG?
BAI and FMAG have a monthly-return correlation of 0.82, 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 BAI and FMAG?
41.0% of FMAG's money is in holdings BAI also owns. 41.0% of FMAG's is in holdings BAI also owns. They hold 10 positions in common, counted across the 50 positions we hold weights for in BAI and 50 in FMAG.
Which pays a higher dividend, BAI or FMAG?
BAI yields 1.26% while FMAG yields 0.00%, so BAI currently pays the higher dividend yield.
Is FMAG better than BAI?
BAI has a lower expense ratio. BAI led over 1Y and the full window. BAI is less concentrated, with 42.0% 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.