FMAG vs GK
Fidelity Magellan ETF vs AdvisorShares Gerber Kawasaki ETF
Which is better, FMAG or GK?
Each has led over a different period.
FMAG has a lower expense ratio. FMAG led over 5Y and the full window, GK over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.94. FMAG is less concentrated, with 44.0% of the fund in its ten largest positions against 62.7%.
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 | FMAG | GK |
|---|---|---|
| Expense Ratio | 0.57%Best | 0.77% |
| AUM | $243M | $32M |
| Dividend Yield | 0.00% | 0.07% |
| Holdings | 52 | 60 |
| YTD Return | +4.66% | +10.81%Best |
| 1Y Return | +3.01% | +8.34%Best |
| 3Y Return (annualized) | +17.63% | +19.66%Best |
| 5Y Return (annualized) | +9.04%Best | +2.56% |
| Volatility (annualized) | 18.2%Best | 23.0% |
| Max Drawdown | -32.9%Best | -47.7% |
| $10,000 over 5 years | $15,414Best | $11,347 |
| Top 10 Weight | 44.0%Best | 62.7% |
| Fund Family | Fidelity Investments (US) | Advisor Shares |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 2, 2021 | Jul 1, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jul 2, 2021 to Oct 14, 2026 (5.3 years).
FMAG vs GK 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 5.3 years both funds cover.
FMAG vs GK Performance
Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US) and AdvisorShares Gerber Kawasaki ETF (GK) is an ETF from Advisor Shares. Over the past year FMAG returned +3.01% while GK returned +8.34%. Year to date, FMAG is up 4.66% versus a gain of 10.81% for GK.
Over three years, FMAG compounded at +17.63% per year against +19.66% for GK; over five years the annualized figures are +9.04% and +2.56% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GK has been the more volatile fund, with annualized monthly volatility of 23.0% compared with 18.2% 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 -32.9% for FMAG and -47.7% for GK. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FMAG charges 0.57% per year while GK charges 0.77%. On a $10,000 position that is $57 vs $77 annually, a gap of $20 per year that compounds over a long holding period. On income, FMAG currently yields 0.00% against 0.07% for GK.
Holdings Overlap
36.4% of FMAG's money is in holdings GK also owns. 46.9% of GK's money is in holdings FMAG also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 50 positions we hold weights for in FMAG and 27 in GK, against full books of 52 and 60.
What only one of them owns
Our book lists 17 positions for GK that do not appear in our book for FMAG (51.7% of the fund), and 40 for FMAG that do not appear in GK (61.0%).
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 FMAG | Weight in GK | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.24% | 8.14% | 2.10% |
| GOOGAlphabet Inc. C | 3.28% | 8.15% | 4.87% |
| MSFTMicrosoft Corp | 5.61% | 5.24% | 0.37% |
| AMZNAmazon.Com Inc | 6.45% | 3.65% | 2.80% |
| LLYEli Lilly & Co. | 2.39% | 7.28% | 4.89% |
| AVGOBroadcom Inc | 4.55% | 4.35% | 0.20% |
| TTTt Trane Technologies Plc | 1.22% | 4.36% | 3.14% |
| PWRQuanta Services Inc | 1.05% | 3.72% | 2.67% |
| APHAmphenol Corp. Class A | 1.64% | 1.99% | 0.35% |
46.9% of GK 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, FMAG or GK?
FMAG has an expense ratio of 0.57% while GK charges 0.77%. FMAG is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, FMAG or GK?
Over the past year FMAG returned +3.01% vs +8.34% for GK, so GK leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMAG or GK?
GK has been the more volatile fund at 23.0% annualized versus 18.2% for FMAG. Worst drawdown: FMAG -32.9% vs GK -47.7%.
Should I hold both FMAG and GK?
FMAG and GK have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FMAG and GK?
46.9% of GK's money is in holdings FMAG also owns. 46.9% of GK's is in holdings FMAG also owns. They hold 9 positions in common, counted across the 50 positions we hold weights for in FMAG and 27 in GK.
Which pays a higher dividend, FMAG or GK?
FMAG yields 0.00% while GK yields 0.07%, so GK currently pays the higher dividend yield.
Is GK better than FMAG?
FMAG has a lower expense ratio. FMAG led over 5Y and the full window, GK over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.94. FMAG is less concentrated, with 44.0% of the fund in its ten largest positions against 62.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.