FMAG vs PCLG
Fidelity Magellan ETF vs Polen Focus Growth ETF
Which is better, FMAG or PCLG?
FMAG has been ahead.
PCLG has a lower expense ratio. FMAG led over 1Y and the full window. FMAG is less concentrated, with 44.0% of the fund in its ten largest positions against 62.6%.
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 | PCLG |
|---|---|---|
| Expense Ratio | 0.57% | 0.49%Best |
| AUM | $243M | $92M |
| Dividend Yield | 0.00% | 0.04% |
| Holdings | 52 | 27 |
| YTD Return | +4.66%Best | -5.60% |
| 1Y Return | +3.01%Best | -8.10% |
| 3Y Return (annualized) | +17.63% | - |
| 5Y Return (annualized) | +9.04% | - |
| Volatility (annualized) | 14.8%Best | 17.7% |
| Max Drawdown | -14.0%Best | -23.8% |
| $10,000 over 1 years | $10,160Best | $9,249 |
| Top 10 Weight | 44.0%Best | 62.6% |
| Fund Family | Fidelity Investments (US) | Polen Capital |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 2, 2021 | Sep 30, 2025 |
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Sep 30, 2025 to Oct 14, 2026 (1 years).
FMAG vs PCLG 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 years both funds cover.
FMAG vs PCLG Performance
Fidelity Magellan ETF (FMAG) is an ETF from Fidelity Investments (US) and Polen Focus Growth ETF (PCLG) is an ETF from Polen Capital. Over the past year FMAG returned +3.01% while PCLG returned -8.10%. Year to date, FMAG is up 4.66% versus a loss of 5.60% for PCLG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PCLG has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 14.8% 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 -14.0% for FMAG and -23.8% for PCLG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FMAG charges 0.57% per year while PCLG charges 0.49%. On a $10,000 position that is $57 vs $49 annually, a gap of $8 per year that compounds over a long holding period. On income, FMAG currently yields 0.00% against 0.04% for PCLG.
Holdings Overlap
45.7% of FMAG's money is in holdings PCLG also owns. 60.8% of PCLG'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 29 in PCLG, against full books of 52 and 27.
What only one of them owns
Our book lists 12 positions for PCLG that do not appear in our book for FMAG (32.0% of the fund), and 37 for FMAG that do not appear in PCLG (53.8%).
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 PCLG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.24% | 7.82% | 2.42% |
| MSFTMicrosoft Corp | 5.61% | 9.35% | 3.74% |
| AMZNAmazon.Com Inc | 6.45% | 5.98% | 0.47% |
| AVGOBroadcom Inc | 4.55% | 6.13% | 1.58% |
| GOOGAlphabet Inc. C | 3.28% | 6.16% | 2.88% |
| VVisa Inc Class A | 2.36% | 5.67% | 3.31% |
| MAMastercard Inc | 2.16% | 5.54% | 3.38% |
| LLYEli Lilly & Co. | 2.39% | 4.80% | 2.41% |
| LRCXLrcx Uw Equity | 1.99% | 2.56% | 0.57% |
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 2.01% | 1.96% | 0.05% |
60.8% of PCLG 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 PCLG?
FMAG has an expense ratio of 0.57% while PCLG charges 0.49%. PCLG is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, FMAG or PCLG?
Over the past year FMAG returned +3.01% vs -8.10% for PCLG, so FMAG leads on 1-year performance. Over the longest common window we track (1 years), FMAG annualized +1.60% vs -7.51% for PCLG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMAG or PCLG?
PCLG has been the more volatile fund at 17.7% annualized versus 14.8% for FMAG. Worst drawdown: FMAG -14.0% vs PCLG -23.8%.
Should I hold both FMAG and PCLG?
FMAG and PCLG have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FMAG and PCLG?
60.8% of PCLG's money is in holdings FMAG also owns. 60.8% of PCLG'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 29 in PCLG.
Which pays a higher dividend, FMAG or PCLG?
FMAG yields 0.00% while PCLG yields 0.04%, so PCLG currently pays the higher dividend yield.
Is PCLG better than FMAG?
PCLG has a lower expense ratio. FMAG led over 1Y and the full window. FMAG is less concentrated, with 44.0% of the fund in its ten largest positions against 62.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.