FMAG vs NQLT
Fidelity Magellan ETF vs Neuberger Quality Select ETF
Which is better, FMAG or NQLT?
NQLT costs less.
NQLT has a lower expense ratio. FMAG is less concentrated, with 44.0% of the fund in its ten largest positions against 51.6%.
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 | NQLT |
|---|---|---|
| Expense Ratio | 0.57% | 0.48%Best |
| AUM | $243M | $50M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 52 | 63 |
| YTD Return | +4.67%Best | +3.05% |
| 1Y Return | +3.14% | - |
| 3Y Return (annualized) | +17.62% | - |
| 5Y Return (annualized) | +8.89% | - |
| Top 10 Weight | 44.0%Best | 51.6% |
| Fund Family | Fidelity Investments (US) | Neuberger Berman |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 2, 2021 | Jul 10, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FMAG vs NQLT 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.
FMAG vs NQLT Performance
Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US) and Neuberger Quality Select ETF (NQLT) is an ETF from Neuberger Berman. Year to date, FMAG is up 4.67% versus a gain of 3.05% for NQLT.
Past performance does not guarantee future results.
Fees and Cost Over Time
FMAG charges 0.57% per year while NQLT charges 0.48%. On a $10,000 position that is $57 vs $48 annually, a gap of $9 per year that compounds over a long holding period. On income, FMAG currently yields 0.00% against 0.00% for NQLT.
Holdings Overlap
42.6% of FMAG's money is in holdings NQLT also owns. 43.3% of NQLT's money is in holdings FMAG also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 50 positions we hold weights for in FMAG and 63 in NQLT, against full books of 52 and 63.
What only one of them owns
Our book lists 47 positions for NQLT that do not appear in our book for FMAG (51.1% of the fund), and 37 for FMAG that do not appear in NQLT (56.8%).
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 NQLT | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.24% | 6.09% | 4.15% |
| AMZNAmazon.Com Inc | 6.45% | 7.67% | 1.22% |
| MSFTMicrosoft Corp | 5.61% | 7.64% | 2.03% |
| GOOGAlphabet Inc. C | 3.28% | 5.40% | 2.12% |
| GOOGLAlphabet Inc | 3.87% | 3.68% | 0.19% |
| LLYEli Lilly & Co. | 2.39% | 3.14% | 0.75% |
| MAMastercard Inc | 2.16% | 2.63% | 0.47% |
| COSTCostco Wholesale Corp. | 1.59% | 1.48% | 0.11% |
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 2.01% | 0.88% | 1.13% |
| ANETArista Networks Inc Common Stock | 1.39% | 1.35% | 0.04% |
43.3% of NQLT 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 NQLT?
FMAG has an expense ratio of 0.57% while NQLT charges 0.48%. NQLT is the cheaper option, by $9 a year on a $10,000 investment.
What is the holdings overlap between FMAG and NQLT?
43.3% of NQLT's money is in holdings FMAG also owns. 43.3% of NQLT's is in holdings FMAG also owns. They hold 13 positions in common, counted across the 50 positions we hold weights for in FMAG and 63 in NQLT.
Which pays a higher dividend, FMAG or NQLT?
FMAG yields 0.00% while NQLT yields 0.00%, so FMAG currently pays the higher dividend yield.
Is NQLT better than FMAG?
NQLT has a lower expense ratio. FMAG is less concentrated, with 44.0% of the fund in its ten largest positions against 51.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.