DIVP vs FMAG
Cullen Enhanced Equity Income ETF vs Fidelity Magellan ETF
Which is better, DIVP or FMAG?
Each has led over a different period.
DIVP has a lower expense ratio. DIVP led over 1Y, FMAG over the full window. DIVP is less concentrated, with 36.4% 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 | DIVP | FMAG |
|---|---|---|
| Expense Ratio | 0.55%Best | 0.57% |
| AUM | $61M | $243M |
| Dividend Yield | 6.81% | 0.00% |
| Holdings | 47 | 52 |
| YTD Return | +9.06%Best | +4.66% |
| 1Y Return | +14.04%Best | +3.01% |
| 3Y Return (annualized) | - | +17.63% |
| 5Y Return (annualized) | - | +9.04% |
| Volatility (annualized) | 10.4%Best | 14.2% |
| Max Drawdown | -13.4%Best | -20.1% |
| $10,000 over 2.6 years | $12,357 | $12,897Best |
| Top 10 Weight | 36.4%Best | 44.0% |
| Fund Family | Cullen Funds | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 6, 2024 | Feb 2, 2021 |
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Mar 7, 2024 to Oct 14, 2026 (2.6 years).
DIVP 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 2.6 years both funds cover.
DIVP vs FMAG Performance
Cullen Enhanced Equity Income ETF (DIVP) is an ETF from Cullen Funds and Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US). Over the past year DIVP returned +14.04% while FMAG returned +3.01%. Year to date, DIVP is up 9.06% versus a gain of 4.66% for FMAG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMAG has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 10.4% for DIVP. 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 -13.4% for DIVP 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 0.23. They move largely independently of each other.
Fees and Cost Over Time
DIVP 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, DIVP currently yields 6.81% against 0.00% for FMAG.
Holdings Overlap
We hold position weights for 35 holdings in DIVP and 50 in FMAG, totalling 99.6% and 99.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 35 positions we hold weights for in DIVP and 50 in FMAG, against full books of 47 and 52.
What only one of them owns
Our book lists 49 positions for FMAG that do not appear in our book for DIVP (97.4% of the fund), and 33 for DIVP that do not appear in FMAG (94.5%).
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.
You are not choosing between two funds in isolation.
Whichever of DIVP 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, DIVP or FMAG?
DIVP has an expense ratio of 0.55% while FMAG charges 0.57%. DIVP is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, DIVP or FMAG?
Over the past year DIVP returned +14.04% vs +3.01% for FMAG, so DIVP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVP or FMAG?
FMAG has been the more volatile fund at 14.2% annualized versus 10.4% for DIVP. Worst drawdown: DIVP -13.4% vs FMAG -20.1%.
Should I hold both DIVP and FMAG?
DIVP and FMAG have a monthly-return correlation of 0.23, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DIVP or FMAG?
DIVP yields 6.81% while FMAG yields 0.00%, so DIVP currently pays the higher dividend yield.
Is FMAG better than DIVP?
DIVP has a lower expense ratio. DIVP led over 1Y, FMAG over the full window. DIVP is less concentrated, with 36.4% 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.