FMAG vs LRGC
Fidelity Magellan ETF vs AB US Large Cap Strategic Equities ETF
Which is better, FMAG or LRGC?
LRGC has been ahead.
LRGC has a lower expense ratio. LRGC led over 1Y, 3Y and the full window. 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 44.8%.
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 | LRGC |
|---|---|---|
| Expense Ratio | 0.57% | 0.39%Best |
| AUM | $243M | $1.4B |
| Dividend Yield | 0.00% | 0.53% |
| Holdings | 52 | 72 |
| YTD Return | +4.66% | +10.99%Best |
| 1Y Return | +3.01% | +13.29%Best |
| 3Y Return (annualized) | +17.63% | +20.81%Best |
| 5Y Return (annualized) | +9.04% | - |
| Volatility (annualized) | 15.0% | 12.5%Best |
| Max Drawdown | -20.1% | -19.4%Best |
| $10,000 over 3.1 years | $16,599 | $17,762Best |
| Top 10 Weight | 44.0%Best | 44.8% |
| Fund Family | Fidelity Investments (US) | AllianceBernstein L.P. |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 2, 2021 | Sep 20, 2023 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 20, 2023 to Oct 14, 2026 (3.1 years).
FMAG vs LRGC 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 3.1 years both funds cover.
FMAG vs LRGC Performance
Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US) and AB US Large Cap Strategic Equities ETF (LRGC) is an ETF from AllianceBernstein L.P.. Over the past year FMAG returned +3.01% while LRGC returned +13.29%. Year to date, FMAG is up 4.66% versus a gain of 10.99% for LRGC.
Over three years, FMAG compounded at +17.63% per year against +20.81% for LRGC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMAG has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 12.5% for LRGC. 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 -19.4% for LRGC. 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 LRGC charges 0.39%. On a $10,000 position that is $57 vs $39 annually, a gap of $18 per year that compounds over a long holding period. On income, FMAG currently yields 0.00% against 0.53% for LRGC.
Holdings Overlap
47.5% of FMAG's money is in holdings LRGC also owns. 41.4% of LRGC's money is in holdings FMAG also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 50 positions we hold weights for in FMAG and 69 in LRGC, against full books of 52 and 72.
What only one of them owns
Our book lists 51 positions for LRGC that do not appear in our book for FMAG (55.9% of the fund), and 35 for FMAG that do not appear in LRGC (51.9%).
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 LRGC | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.24% | 8.71% | 1.53% |
| MSFTMicrosoft Corp | 5.61% | 6.66% | 1.05% |
| AMZNAmazon.Com Inc | 6.45% | 4.69% | 1.76% |
| GOOGAlphabet Inc. C | 3.28% | 6.09% | 2.81% |
| AVGOBroadcom Inc | 4.55% | 2.93% | 1.62% |
| VVisa Inc Class A | 2.36% | 3.14% | 0.78% |
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 2.01% | 1.33% | 0.68% |
| LLYEli Lilly & Co. | 2.39% | 0.80% | 1.59% |
| RTXRaytheon Co. | 1.46% | 1.56% | 0.10% |
| ETNEaton Corp Plc | 1.34% | 1.54% | 0.20% |
47.5% of FMAG is already inside LRGC.
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 LRGC?
FMAG has an expense ratio of 0.57% while LRGC charges 0.39%. LRGC is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, FMAG or LRGC?
Over the past year FMAG returned +3.01% vs +13.29% for LRGC, so LRGC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMAG or LRGC?
FMAG has been the more volatile fund at 15.0% annualized versus 12.5% for LRGC. Worst drawdown: FMAG -20.1% vs LRGC -19.4%.
Should I hold both FMAG and LRGC?
FMAG and LRGC 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 LRGC?
47.5% of FMAG's money is in holdings LRGC also owns. 41.4% of LRGC's is in holdings FMAG also owns. They hold 15 positions in common, counted across the 50 positions we hold weights for in FMAG and 69 in LRGC.
Which pays a higher dividend, FMAG or LRGC?
FMAG yields 0.00% while LRGC yields 0.53%, so LRGC currently pays the higher dividend yield.
Is LRGC better than FMAG?
LRGC has a lower expense ratio. LRGC led over 1Y, 3Y and the full window. 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 44.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.