DEPW vs FMAG
Google DeepMind AI Lab Ecosystem ETF vs Fidelity Magellan ETF
Which is better, DEPW or FMAG?
FMAG costs less.
FMAG has a lower expense ratio. FMAG is less concentrated, with 44.0% of the fund in its ten largest positions against 60.0%.
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 | DEPW | FMAG |
|---|---|---|
| Expense Ratio | 0.59% | 0.57%Best |
| AUM | $2M | $243M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 25 | 52 |
| YTD Return | -7.34% | +4.66%Best |
| 1Y Return | - | +3.01% |
| 3Y Return (annualized) | - | +17.63% |
| 5Y Return (annualized) | - | +9.04% |
| Top 10 Weight | 60.0% | 44.0%Best |
| Fund Family | Harbor Funds | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Aug 12, 2026 | Feb 2, 2021 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
DEPW 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
DEPW vs FMAG Performance
Google DeepMind AI Lab Ecosystem ETF (DEPW) is an ETF from Harbor Funds and Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US). Year to date, DEPW is down 7.34% versus a gain of 4.66% for FMAG.
Past performance does not guarantee future results.
Fees and Cost Over Time
DEPW charges 0.59% per year while FMAG charges 0.57%. On a $10,000 position that is $59 vs $57 annually, a gap of $2 per year that compounds over a long holding period. On income, DEPW currently yields 0.00% against 0.00% for FMAG.
Holdings Overlap
27.6% of DEPW's money is in holdings FMAG also owns. 10.4% of FMAG's money is in holdings DEPW also owns.
DEPW and FMAG share little of their money.
3 positions in common, counted across the 25 positions we hold weights for in DEPW and 50 in FMAG, against full books of 25 and 52.
What only one of them owns
Our book lists 47 positions for FMAG that do not appear in our book for DEPW (89.0% of the fund), and 17 for DEPW that do not appear in FMAG (56.6%).
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.
27.6% of DEPW is already inside FMAG.
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, DEPW or FMAG?
DEPW has an expense ratio of 0.59% while FMAG charges 0.57%. FMAG is the cheaper option, by $2 a year on a $10,000 investment.
What is the holdings overlap between DEPW and FMAG?
27.6% of DEPW's money is in holdings FMAG also owns. 10.4% of FMAG's is in holdings DEPW also owns. They hold 3 positions in common, counted across the 25 positions we hold weights for in DEPW and 50 in FMAG.
Which pays a higher dividend, DEPW or FMAG?
DEPW yields 0.00% while FMAG yields 0.00%, so FMAG currently pays the higher dividend yield.
Is FMAG better than DEPW?
FMAG has a lower expense ratio. FMAG is less concentrated, with 44.0% of the fund in its ten largest positions against 60.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.