FMAG vs PLDR
Fidelity Magellan ETF vs Putnam Sustainable Leaders ETF
Which is better, FMAG or PLDR?
Nearly the same fund. FMAG costs less.
FMAG has a lower expense ratio. FMAG led over the full window, PLDR over 1Y. The two have moved almost in lockstep, correlation 0.96.
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 | PLDR |
|---|---|---|
| Expense Ratio | 0.57%Best | 0.59% |
| AUM | $243M | $3M |
| Dividend Yield | 0.00% | 0.35% |
| Holdings | 52 | 56 |
| Volatility (annualized) | 18.6% | 17.1%Best |
| Max Drawdown | -32.9% | -29.6%Best |
| $10,000 over 5 years | $17,072Best | $15,450 |
| Fund Family | Fidelity Investments (US) | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Feb 2, 2021 | May 25, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 127 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FMAG has data through Oct 14, 2026 and PLDR through Jun 9, 2026.
Volatility and max drawdown, and the $10,000 over 5 years row, are measured over the window both funds cover: May 26, 2021 to Jun 9, 2026 (5 years).
Risk: Volatility and Drawdowns
FMAG has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 17.1% for PLDR. 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 -29.6% for PLDR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. 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 PLDR charges 0.59%. On a $10,000 position that is $57 vs $59 annually, a gap of $2 per year that compounds over a long holding period. On income, FMAG currently yields 0.00% against 0.35% for PLDR.
Holdings Overlap
At least 46.8% of FMAG's money is in holdings PLDR also owns.
Stated as a floor: for PLDR, our book for it covers 92.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
The two holdings books were reported 185 days apart, FMAG as of Aug 31, 2026 and PLDR as of Feb 27, 2026, so some of the difference between them is the time between the two reports rather than the funds.
14 positions in common, counted across the 50 positions we hold weights for in FMAG and 52 in PLDR, against full books of 52 and 56.
Top Shared Holdings
| Stock | Weight in FMAG | Weight in PLDR | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.24% | 8.17% | 2.07% |
| AMZNAmazon.Com Inc | 6.45% | 4.85% | 1.60% |
| MSFTMicrosoft Corp | 5.61% | 4.63% | 0.98% |
| GOOGLAlphabet Inc | 3.87% | 6.19% | 2.32% |
| AVGOBroadcom Inc | 4.55% | 3.58% | 0.97% |
| LLYEli Lilly & Co. | 2.39% | 2.53% | 0.14% |
| MAMastercard Inc | 2.16% | 1.78% | 0.38% |
| VVisa Inc Class A | 2.36% | 1.46% | 0.90% |
| LRCXLam Research Corp | 1.99% | 1.04% | 0.95% |
| COSTCostco Wholesale Corp. | 1.59% | 1.41% | 0.18% |
46.8% of FMAG is already inside PLDR.
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 PLDR?
FMAG has an expense ratio of 0.57% while PLDR charges 0.59%. FMAG is the cheaper option, by $2 a year on a $10,000 investment.
Which is riskier, FMAG or PLDR?
FMAG has been the more volatile fund at 18.6% annualized versus 17.1% for PLDR. Worst drawdown: FMAG -32.9% vs PLDR -29.6%.
Should I hold both FMAG and PLDR?
FMAG and PLDR have a monthly-return correlation of 0.96, 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 PLDR?
At least 46.8% of FMAG's money is in holdings PLDR also owns. Our book for PLDR is partial, so the real figure is this or higher. They hold 14 positions in common, counted across the 50 positions we hold weights for in FMAG and 52 in PLDR.
Which pays a higher dividend, FMAG or PLDR?
FMAG yields 0.00% while PLDR yields 0.35%, so PLDR currently pays the higher dividend yield.
Is PLDR better than FMAG?
FMAG has a lower expense ratio. FMAG led over the full window, PLDR over 1Y. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.