FMAG vs GRNY
Fidelity Magellan ETF vs Fundstrat Granny Shots US Large Cap ETF
Which is better, FMAG or GRNY?
GRNY has been ahead.
FMAG has a lower expense ratio. GRNY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. GRNY is less concentrated, with 27.6% 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 | FMAG | GRNY |
|---|---|---|
| Expense Ratio | 0.57%Best | 0.75% |
| AUM | $243M | $4.5B |
| Dividend Yield | 0.00% | 0.13% |
| Holdings | 52 | 86 |
| YTD Return | +4.66% | +10.83%Best |
| 1Y Return | +3.01% | +10.25%Best |
| 3Y Return (annualized) | +17.63% | - |
| 5Y Return (annualized) | +9.04% | - |
| Volatility (annualized) | 15.1%Best | 17.3% |
| Max Drawdown | -20.1%Best | -24.2% |
| $10,000 over 1.9 years | $11,171 | $13,651Best |
| Top 10 Weight | 44.0% | 27.6%Best |
| Fund Family | Fidelity Investments (US) | Fundstrat Capital |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 2, 2021 | Nov 7, 2024 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 7, 2024 to Oct 14, 2026 (1.9 years).
FMAG vs GRNY 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 1.9 years both funds cover.
FMAG vs GRNY Performance
Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US) and Fundstrat Granny Shots US Large Cap ETF (GRNY) is an ETF from Fundstrat Capital. Over the past year FMAG returned +3.01% while GRNY returned +10.25%. Year to date, FMAG is up 4.66% versus a gain of 10.83% for GRNY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GRNY has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 15.1% 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 -20.1% for FMAG and -24.2% for GRNY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. 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 GRNY charges 0.75%. On a $10,000 position that is $57 vs $75 annually, a gap of $18 per year that compounds over a long holding period. On income, FMAG currently yields 0.00% against 0.13% for GRNY.
Holdings Overlap
46.7% of FMAG's money is in holdings GRNY also owns. 38.1% of GRNY's money is in holdings FMAG also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 50 positions we hold weights for in FMAG and 42 in GRNY, against full books of 52 and 86.
What only one of them owns
Our book lists 26 positions for GRNY that do not appear in our book for FMAG (61.3% of the fund), and 33 for FMAG that do not appear in GRNY (50.7%).
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 GRNY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.24% | 2.47% | 7.77% |
| AMZNAmazon.Com Inc | 6.45% | 2.18% | 4.27% |
| MSFTMicrosoft Corp | 5.61% | 2.50% | 3.11% |
| AMDAdvanced Micro Devices Inc | 3.14% | 3.06% | 0.08% |
| GOOGLAlphabet Inc | 3.87% | 2.30% | 1.57% |
| LLYEli Lilly & Co. | 2.39% | 2.20% | 0.19% |
| KLACKla-tencor | 2.08% | 2.49% | 0.41% |
| CDNSCadence Design Systems Inc. | 1.64% | 2.58% | 0.94% |
| ANETArista Networks Inc. | 1.39% | 2.58% | 1.19% |
| CATCaterpillar, Inc. | 1.54% | 2.37% | 0.83% |
46.7% of FMAG is already inside GRNY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, FMAG or GRNY?
FMAG has an expense ratio of 0.57% while GRNY charges 0.75%. FMAG is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, FMAG or GRNY?
Over the past year FMAG returned +3.01% vs +10.25% for GRNY, so GRNY leads on 1-year performance. Over the longest common window we track (2 years), FMAG annualized +6.00% vs +17.80% for GRNY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMAG or GRNY?
GRNY has been the more volatile fund at 17.3% annualized versus 15.1% for FMAG. Worst drawdown: FMAG -20.1% vs GRNY -24.2%.
Should I hold both FMAG and GRNY?
FMAG and GRNY have a monthly-return correlation of 0.91, 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 GRNY?
46.7% of FMAG's money is in holdings GRNY also owns. 38.1% of GRNY's is in holdings FMAG also owns. They hold 16 positions in common, counted across the 50 positions we hold weights for in FMAG and 42 in GRNY.
Which pays a higher dividend, FMAG or GRNY?
FMAG yields 0.00% while GRNY yields 0.13%, so GRNY currently pays the higher dividend yield.
Is GRNY better than FMAG?
FMAG has a lower expense ratio. GRNY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. GRNY is less concentrated, with 27.6% 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.